Macau's Studio City Q2 revenue falls as mass gaming, non-gaming weaken - MSC News | RalliesMacau's Studio City Q2 revenue falls as mass gaming, non-gaming weaken
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MSC• Outlook
- Company did not provide specific guidance for future quarters or the full year
Overview
- Macau integrated resort's Q2 revenue fell yr/yr due to softer mass market gaming and non-gaming
- Adjusted EBITDA for Q2 declined yr/yr as lower casino contract revenue weighed on results
- Net loss widened in Q2, reflecting lower revenues and higher non-operating expenses
Key Details
| Metric | Actual |
|---|
| Q2 Revenue | $164.60 mln |
| Q2 Net Loss | $15.60 mln |
| Q2 Adjusted EBITDA | $67 mln |
| Q2 Capex | $8.10 mln |
| Q2 Operating Income | $15 mln |
Result Drivers
- Mass market table games - Co said softer performance in mass market table games operations led to lower casino contract revenue
- Non-gaming revenues - Co said overall non-gaming revenues declined yr/yr
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