Overview
Macau integrated resort's Q4 revenue rose to $160.3 mln, driven by mass market gaming
Adjusted EBITDA for Q4 increased to $60.2 mln
Company reported Q4 net loss of $20.5 mln
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
MASS MARKET GAMES - Improved performance in mass market table games operations drove revenue increase, with higher table games drop and hold percentage
NON-GAMING REVENUES - Higher non-gaming revenues contributed to overall revenue growth
GAMING MACHINE REALLOCATION - Closure of two hotels led to reallocation of 108 gaming machines to Studio City, supporting casino operations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $160.30 mln | ||
Q4 Net Income | -$20.50 mln | ||
Q4 Adjusted EBITDA | $60.20 mln | ||
Q4 Capex | $4.20 mln | ||
Q4 Operating Income | $7.80 mln |
Press Release: ID:nGNX432dn7
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)