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Studio City International Holdings Limited American depositary shares, each representing four - MSC STOCK NEWS

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Studio City International Holdings Limited (symbol: MSC) is a premier gaming, retail, and entertainment resort located in Cotai, Macau. As an integrated resort, it offers a diverse range of experiences that blend luxury with high-energy entertainment.

The company operates the Studio City Casino, which boasts around 250 mass-market gaming tables, including 15 for VIP rolling chip operations, and 552 gaming machines. This makes it a significant player in the Macau gaming industry.

Beyond gaming, Studio City International Holdings Limited sets itself apart with a variety of non-gaming attractions. The resort features the world’s first figure-8 Ferris wheel, the Golden Reel, standing at approximately 130 meters high. Other notable attractions include the Batman Dark Flight, a motion ride themed around Warner Bros.' Batman, and the House of Magic, a theater showcasing live performances by some of the world's greatest magicians.

Family-friendly amenities include the Warner Bros. Fun Zone, an entertainment center filled with Warner Bros. and DC Comics characters and play rides for children, as well as the Studio City Event Center, a 5,000-seat multipurpose venue designed to host live concerts, sports events, and more.

The resort also includes luxury hotel accommodations, diverse dining options, and retail spaces, providing a comprehensive leisure experience. The majority of the company's revenue comes from the Macau region, reflecting its strong presence and influence in this significant market.

Recent Achievements and Projects:

  • Opened new high-end retail spaces to enhance the shopping experience.
  • Launched exclusive culinary events featuring world-renowned chefs.
  • Expanded entertainment options with new live shows and attractions.

For the latest updates and media enquiries, contact Chimmy Leung, Executive Director of Corporate Communications, via phone at +852 3151 3765 or email at chimmyleung@melco-resorts.com.

Rhea-AI Summary
Studio City Finance Limited (SCFL) announces the results of its cash tender offer for its outstanding 6.000% senior notes due 2025, increasing the Maximum Tender Amount to US$100.0 million. The early tender period expired with valid tenders of US$317,461,000 aggregate principal amount of the Notes. The company expects to accept for purchase the Notes that were validly tendered for a combined aggregate principal amount equal to the Maximum Tender Amount. The settlement for the Notes accepted is expected to take place on November 28, 2023. The Tender Offer will expire on December 8, 2023.
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Studio City Finance Limited (SCFL) initiates a cash tender offer for up to US$75 million of its 6.000% senior notes due 2025, offering US$975 for early tenders and US$945 for later tenders. The offer expires on December 8, 2023. The settlement for early tenders is expected on November 28, 2023, and for later tenders on December 12, 2023. The Tender Offer is being made solely pursuant to the Offer to Purchase.
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Studio City International Holdings Limited (MSC) reported unaudited financial results for Q3 2023, with operating revenues of $137.6 million, a significant increase from the same period in 2022. Studio City Casino's gross gaming revenues, rolling chip volume, and mass market table games drop all saw substantial growth.
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Studio City International Holdings Limited (MSC) will release its unaudited financial results for Q3 2023 on November 7, 2023.
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MSC Cruises has commenced year-round sailings from New York City, marking its third U.S. homeport. The megaship MSC Meraviglia will operate itineraries to popular destinations including The Bahamas, Florida, Bermuda, Canada, and New England. This significant move is expected to create up to 10,000 full-time equivalent jobs and attract over 200,000 visitors annually, generating more than $102 million in local spending. The launch underscores MSC's commitment to the U.S. market and aims to enhance economic growth in the region.

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Studio City International Holdings Limited (NYSE: MSC) filed its annual report on Form 20-F for the fiscal year ending December 31, 2022. This report includes audited consolidated financial statements and is accessible on the Company’s investor relations website. Shareholders and ADS holders can request a hard copy of the report free of charge. Forward-looking statements are included, highlighting risks such as COVID-19 impacts, changes in gaming laws in Macau, and other economic uncertainties. Studio City is a premier integrated resort in Macau, majority-owned by Melco Resorts & Entertainment.

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FAQ

What is the current stock price of Studio City International Holdings American depositary shares, each representing four (MSC)?

The current stock price of Studio City International Holdings American depositary shares, each representing four (MSC) is $7.1 as of October 8, 2024.

What is the market cap of Studio City International Holdings American depositary shares, each representing four (MSC)?

The market cap of Studio City International Holdings American depositary shares, each representing four (MSC) is approximately 1.4B.

What is Studio City International Holdings Limited?

Studio City International Holdings Limited is a gaming, retail, and entertainment resort located in Cotai, Macau.

What attractions are available at Studio City?

Attractions include the Golden Reel Ferris wheel, Batman Dark Flight ride, House of Magic, and Warner Bros. Fun Zone.

How many gaming tables and machines does Studio City Casino have?

The casino offers around 250 mass-market gaming tables, including 15 VIP tables and 552 gaming machines.

What is the Golden Reel?

The Golden Reel is the world’s first figure-8 Ferris wheel, located at Studio City, standing approximately 130 meters high.

Where is Studio City International Holdings Limited located?

Studio City International Holdings Limited is located in Cotai, Macau.

What kind of live entertainment does Studio City offer?

Studio City offers various live entertainment options, including magic shows at the House of Magic and events at the 5,000-seat Studio City Event Center.

What are the hotel and dining options at Studio City?

Studio City offers luxury hotel rooms and diverse food and beverage establishments to suit different tastes.

Who should I contact for media enquiries?

For media enquiries, you can contact Chimmy Leung, Executive Director of Corporate Communications, at +852 3151 3765 or chimmyleung@melco-resorts.com.

How does Studio City derive most of its revenue?

The majority of Studio City's revenue comes from the Macau region, through its gaming and non-gaming attractions.

Does Studio City offer family-friendly attractions?

Yes, Studio City includes family-friendly attractions such as the Warner Bros. Fun Zone, filled with characters and play rides for children.

Studio City International Holdings Limited American depositary shares, each representing four

NYSE:MSC

MSC Rankings

MSC Stock Data

1.37B
770.35M
24.13%
20.53%
0.01%
Resorts & Casinos
Consumer Cyclical
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United States of America
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