• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 16 September 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

Revenues rise 3% in 4Q19 as mass market growth gives Melco positive momentum

Ben Blaschke by Ben Blaschke
Fri 21 Feb 2020 at 05:26
Going Global
36
SHARES
489
VIEWS
Print Friendly, PDF & Email

Melco Resorts & Entertainment announced total operating revenues of US$1.45 billion in the three months to 31 December 2019, a 3% increase over the prior year period thanks to strong mass market growth across all properties.

The company’s mass performance was enough to offset ongoing softness in the premium segments as well as bad luck in VIP at flagship property City of Dreams Macau – the one venue where rolling chip volume actually increased during the quarter.

“During the fourth quarter of 2019, despite macro headwinds and the events in Hong Kong, mass gaming operations at all of Melco’s integrated resorts have remained robust, which drove group-wide mass table games revenue to expand approximately 12% year-over-year to an all-time-record-high of US$850 million,” said Melco Chairman and CEO Lawrence Ho.

“Adjusted Property EBITDA for the fiscal year 2019 has also expanded 14% year-over-year to reach an all-time-record-high of US$1,689 million.”

For 4Q19, Adjusted Property EBITDA fell 4% to US$409.8 million.

City of Dreams proved to be a strong performer for Melco, with total operating revenues up 4.5% to US$759.1 million, although Adjusted EBITDA fell slightly to US$210.4 million. The property ran badly in VIP, where a 39.8% increase in rolling chip volume to US$15.96 billion was impacted by a win rate of 2.65%, down from 3.19% in 4Q18.

Mass market table games drop increased 7.6% to US$1.41 billion, with gaming machine handle also rising 14.3% to US$1.20 billion.

At Studio City, total operating revenues grew 5.2% to US$358.3 million, with Adjusted EBITDA up 14.3% to US$117.4 million.

Rolling chip volume was US$2.46 billion in 4Q19, down from US$3.46 billion in the prior year period, while a high win rate of 3.60% was still below the 3.82% the property enjoyed 12 months earlier.

Mass market table games drop increased 6.6% to US$879.8 million with gaming machine handle up 8.4% to US$695.4 million.

Total Operating revenues at City of Dreams Manila fell very slightly to US$153.5 million in the quarter as Adjusted EBITDA declined by 20.6% to US$53.9 million. Melco cited increased competition in the market for a 15.1% fall in rolling chip volume to US$2.02 billion, although mass table games drop increased by 9.6% to US$216.3 million.

Gaming machine handle increased slightly to US$1.06 billion.

VIP softness was also evident at Altira Macau, where total operating revenues fell 17.2% to US$113.9 million. Rolling chip volume was down 35.4% to US$4.21 billion , but mass rose substantially with mass table drop up 31.9% to US$167.6 million and gaming machine handle from US$29.9 million in 4Q18 to US$81.1 million this time around.

Melco also reported growth in Cyprus, where it operates a temporary facility ahead of the opening of City of Dreams Mediterranean in 2021, plus three satellite casinos. The company said total operating revenues in Cyprus were US$24.7 million compared to US$15.6 million in 4Q18.

Melco has declared a quarterly dividend of US$0.05504 per ordinary share, payable to shareholders on 12 March 2020.

RelatedPosts

Police arrest 100 people after detecting 62 cases of illegal money exchange in joint Macau operation

Police arrest 100 people after detecting 62 cases of illegal money exchange in joint Macau operation

Mon 15 Sep 2025 at 22:58
Melco wins sustainability awards for “Above and Beyond” strategy

Melco proposes new notes offering, looking to redeem outstanding 2026 notes

Mon 15 Sep 2025 at 22:49
PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

Mon 15 Sep 2025 at 22:25
Comtrade Gaming to expand reach of in-house studio CG Games via partnership with Interwetten

Comtrade Gaming to expand reach of in-house studio CG Games via partnership with Interwetten

Mon 15 Sep 2025 at 22:05
Load More
Tags: Asian casinoscasinoCity of DreamsCity of Dreams ManilaconsultancyEuropeLawrence HoMacauManilaMelco Resorts & EntertainmentPhilippinesrevenueStudio City
Share24Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

The 2023 Asian Gaming Power 50: Ones to watch

Hong Kong Stock Exchange deems Andrew Lo unsuitable to be director of LET Group or Summit Ascent due to attempted Tigre de Cristal sale

by Ben Blaschke
Tue 16 Sep 2025 at 15:14

The Stock Exchange of Hong Kong Ltd has imposed a Director Unsuitability Statement and a censure against Andrew Lo – the majority shareholder, Executive Director and Chairman of LET Group Holdings and Summit Ascent Holdings – deeming him unsuitable to...

Police arrest 100 people after detecting 62 cases of illegal money exchange in joint Macau operation

Police arrest 100 people after detecting 62 cases of illegal money exchange in joint Macau operation

by Pierce Chan
Mon 15 Sep 2025 at 22:58

Police from Macau, Guangdong and Hong Kong detected 62 cases of illegal money exchange and apprehended around 100 people suspected of being part of money exchange gangs as part of a month-long joint operation codenamed “Thunderstorm 2025”. Authorities said that...

Melco wins sustainability awards for “Above and Beyond” strategy

Melco proposes new notes offering, looking to redeem outstanding 2026 notes

by Newsdesk
Mon 15 Sep 2025 at 22:49

Melco Resorts Finance Limited, the Melco Resorts & Entertainment subsidiary that operates City of Dreams Macau, Altira Macau and Mocha Clubs, is proposing to conduct an international offering of senior notes as part of its plan to redeem all outstanding...

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

by Newsdesk
Mon 15 Sep 2025 at 22:25

The rapid advancement of technology within the gaming industry is driving a proliferation of illegal online operators by creating an unstable environment in which legitimate businesses can struggle, according to PAGCOR Vice President for Human Resource and Development Group, Dr...

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