• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 31 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

City of Dreams Macau leads the way as Melco Resorts shows improvement in 1Q19

Newsdesk by Newsdesk
Wed 8 May 2019 at 05:23
Suncity re-opens City of Dreams VIP club with world-first indoor golf facility

City of Dreams Macau

68
SHARES
792
VIEWS
Print Friendly, PDF & Email

Melco Resorts & Entertainment Limited booked slight increases in operating revenue and Adjusted EBITDA in the three months to 31 March 2019, buoyed by strong growth at flagship City of Dreams Macau and a solid performance in Manila.

Total operating revenues in 1Q19 were US$1.36 billion, a year-on-year increase of around 4%, with Melco pointing to a better performance in the mass market table games segment and higher non-gaming revenue as a result of the opening of Morpheus in June 2018.

Operating income was US$188 million, down 15%, but Adjusted property EBITDA grew by 1% year-on-year to US$406.8 million.

Operating revenues at City of Dreams Macau rose 11.4% to US$713.3 million in 1Q19, with Adjusted EBITDA up from US$208 million to US$228.6 million.

Rolling chip volume was slightly down from US$11.1 billion in 1Q18 to US$10.2 billion this time around but the segment was aided by a higher win rate of 3.4% compared with 3.0% in the prior year period.

Mass table drop increased 11.4% to US$1.32 billion, slightly offset by a small drop in win rate from 32.1% to 31.5%. while slot handle fell from US$1.00 billion to US$980.4 million.

It was a tough quarter for Studio City, where operating revenues fell 10.3% to US$330.4 million and Adjusted EBITDA by 12.4% to US$96.4 million.

“Affected by the Macau market-wide VIP weakness, and by increasing competition in and around Cotai, Studio City’s rolling chip volume totaled US$2.7 billion in 1Q19 versus US$6.6 billion in the first quarter of 2018,” Melco said in its results announcement.

Mass market table drop increased by 3.2% to US$851.4 million while slot handle was slightly down to US$560.6 million.

City of Dreams Manila held steady year-on-year with operating revenues of US$142.4 million compared to US$142.2 million in 1Q18 and Adjusted EBITDA of US$60.5 million, up from US$58.8 million 12 months earlier.

Rolling chip volume fell from US$2.8 billion to US$2.3 billion but win rate was improved at 3.2%.

Mass market table games drop decreased by 2.1% to US$184.3 million although slot machine handle enjoyed a 10.6% increase to US$907.5 million.

Altira Macau and Mocha Clubs also enjoyed slight year-on-year increases.

RelatedPosts

Macau’s DICJ says closure of satellite casino Grandview complete

Macau’s DICJ says closure of satellite casino Grandview complete

Thu 31 Jul 2025 at 15:22
IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

Thu 31 Jul 2025 at 14:50
IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

Thu 31 Jul 2025 at 06:43
Inside Asian Gaming names MGM as Venue Sponsor for 2023 Asian Gaming Power 50 Black Tie Gala Dinner

MGM Macau launches new villas, high-end Alpha Club gaming space in response to evolving customer base

Thu 31 Jul 2025 at 06:38
Load More
Tags: City of DreamsCotaifinancial resultsMacauManilaMelco Resorts & EntertainmentrevenueStudio City
Share49Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
Tecnet
NWR

Related Posts

Macau’s DICJ says closure of satellite casino Grandview complete

Macau’s DICJ says closure of satellite casino Grandview complete

by Pierce Chan
Thu 31 Jul 2025 at 15:22

Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ) confirmed Thursday that satellite casino Grandview had shuttered its doors and the property cleared in accordance with the law. SJM, which announced in June that it would close all of...

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

by Newsdesk
Thu 31 Jul 2025 at 14:50

Leading B2B gaming industry media brand Inside Asian Gaming is thrilled to announce Grand Lisboa Palace Resort Macau, in the Macau entertainment hub of Cotai, as the venue for the 18th Asian Gaming Power 50 Black Tie Gala Dinner on Friday 7...

Invitational NUSTAR Golf Tournament 2025 attracts 120 players

Invitational NUSTAR Golf Tournament 2025 attracts 120 players

by Newsdesk
Thu 31 Jul 2025 at 11:37

Cebu’s NUSTAR Resort & Casino has hosted its NUSTAR Golf Tournament 2025, attracting more than 120 players at the scenic Alta Vista Golf and Country Club on 25 July 25 for a full day of competitive play. The tournament gathered...

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

by Newsdesk
Thu 31 Jul 2025 at 06:43

Inside Asian Gaming’s new weekly production, The IAG Live Streaming Show, will return this Friday 1 August at 10am Macau time. Episode 1 of The IAG Live Streaming Show was broadcast last Friday 25 July 2025, representing an evolution of “On the...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語