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

Studio City International Holdings Limited (NYSE: MSC) reported Q1 2021 total operating revenues of US$28.6 million, down from US$37.1 million in Q1 2020, largely due to the COVID-19 pandemic impacting tourism. Gaming revenues fell significantly, with gross gaming revenues at US$98.5 million versus US$146.7 million the previous year. The operating loss was US$45.1 million, an improvement from US$63.4 million. Net loss attributable to the company increased to US$75.8 million. Cash and bank balances stood at US$543.5 million, while total debt rose to US$1.73 billion.

Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q1 2021 on Form 6-K with the SEC on April 28, 2021. The company, known for its integrated resort in Cotai, Macau, indicates that the earnings report will be significant for investors. A safe harbor statement reminds stakeholders that forward-looking statements are subject to various risks, including the ongoing impact of COVID-19, market conditions, and regulatory approvals. The company is supported by its largest shareholder, Melco Resorts & Entertainment.

Studio City International Holdings Limited (NYSE: MSC) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020. This report is available on the Company's investor relations website. Studio City offers a hard copy of its audited consolidated financial statements free of charge to shareholders and ADS holders upon request. The report includes forward-looking statements addressing potential risks, including the ongoing global pandemic and market volatility. For further details, visit the Company’s official site.

Studio City International Holdings Limited (NYSE: MSC) reported its Q4 2020 financial results, revealing a significant drop in operating revenues to US$23.7 million, down from US$167.8 million in Q4 2019. The decline was attributed to decreased gaming and non-gaming revenues, primarily due to the COVID-19 pandemic. The company posted an operating loss of US$51.3 million and a net loss of US$61.5 million, compared to net income of US$20.8 million in the previous year. For the full year 2020, total operating revenues were US$49.2 million, sharply lower than US$626.7 million in 2019.

Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q4 and year-end December 31, 2020, on February 25, 2021. This announcement follows the company’s strategic positioning as a key player in the integrated resort sector located in Cotai, Macau.

In addition, the company highlights risks related to COVID-19 and economic conditions affecting performance, along with forward-looking statements about its growth strategies and market conditions.

Studio City Finance Limited has priced its international offering of senior notes due 2029, amounting to US$750 million with a 5.00% interest rate. The net proceeds will fund a conditional cash tender offer for its outstanding 7.250% senior notes due 2024, alongside covering associated fees and supporting capital expenditures. The New Notes rank equally with existing senior indebtedness and are not guaranteed by Studio City International Holdings. The offering complies with U.S. Securities Act regulations for both domestic and international sales.

Studio City Finance Limited plans an international offering of senior notes, known as the New Notes, as it seeks to improve its financial structure. These notes will be general obligations ranked equally with other senior debts but will not be guaranteed by Studio City International Holdings. Additionally, a conditional cash tender offer for all outstanding 7.250% senior notes due 2024 is underway, contingent upon financing conditions. The offering's proceeds will be used to fund the tender offer and other corporate expenditures. The completion of the offering is subject to market conditions.

Studio City International Holdings Limited (NYSE: MSC) reported Q3 2020 operating revenues of US$0.9 million, a sharp decline from US$158.1 million in Q3 2019, primarily due to the impact of COVID-19 on tourism.

Studio City Casino's gross gaming revenues fell to US$23.4 million from US$345.6 million year-over-year. The company incurred an operating loss of US$72.5 million and a net loss of US$98.2 million, compared to a net income of US$14.3 million in Q3 2019. Total debt increased to US$1.58 billion as of September 30, 2020.

Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q3 2020 on Form 6-K with the SEC on November 5, 2020. The company highlights potential risks affecting its business, including the global pandemic, economic conditions, and gaming market dynamics in Macau. These forward-looking statements may involve uncertainties that could significantly impact actual results.