Welcome to our dedicated page for Studio City International Holdings news (Ticker: MSC), a resource for investors and traders seeking the latest updates and insights on Studio City International Holdings stock.
Studio City International Holdings Limited (MSC) operates a premier integrated resort in Macau, combining casino gaming, luxury hospitality, and cinematic-themed entertainment. This page serves as the definitive source for verified corporate announcements, financial disclosures, and strategic developments.
Investors and industry observers will find timely updates on earnings reports, facility expansions, and partnership agreements. Our curated news feed prioritizes operational milestones across MSC's gaming floors, hotel operations, and signature attractions like the figure-8 Ferris wheel.
The resource aggregates press releases covering market expansions, management changes, and regulatory compliance updates. Content is organized to highlight material developments while maintaining strict adherence to factual reporting standards.
Bookmark this page for streamlined access to MSC's evolving business narrative. Regular updates ensure stakeholders remain informed about this entertainment complex's position within Macau's dynamic tourism economy.
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.
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.
Studio City International Holdings Limited (NYSE: MSC) reported its unaudited financial results for Q4 and full year 2022. Total operating revenues for Q4 2022 were US$4.2 million, a decline from US$28.4 million in Q4 2021, mainly due to COVID-19 travel restrictions. The casino generated gross gaming revenues of US$40.9 million, down from US$91.1 million year-over-year. The operating loss increased to US$70.0 million in Q4 2022 from US$45.0 million in Q4 2021, and net loss for the quarter was US$85.4 million, up from US$53.9 million. For 2022, total revenues were US$11.5 million, down from US$106.9 million in 2021. Although full recovery is uncertain, Phase 2 of Studio City is expected to open in Q2 2023.
Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q4 and the fiscal year ending December 31, 2022, on March 1, 2023. The forthcoming report will provide insights into the company’s financial performance amid ongoing challenges such as COVID-19 and the newly adopted gaming law in Macau. As a key player in the integrated resort sector, Studio City operates in a competitive environment that can impact visitation and revenue trends. Detailed analyses will be available in the upcoming report, addressing the company's growth strategies and financial stability.
FAQ
What is the current stock price of Studio City International Holdings (MSC)?
What is the market cap of Studio City International Holdings (MSC)?
