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 (NYSE: MSC) is the holding company for Studio City, a world-class integrated resort located in Cotai, Macau. The MSC news feed on Stock Titan aggregates company-issued updates and market coverage so readers can follow how this integrated resort’s casino and non-gaming operations are evolving over time.
Company news frequently centers on unaudited quarterly earnings releases, where Studio City reports operating revenues by category, including revenue from casino contract, rooms, food and beverage, entertainment, services fee, mall, and retail and other. These releases also provide details on gross gaming revenues at Studio City Casino, mass market table games drop, gaming machine handle, and related hold or win percentages. Investors can see how the resort’s strategic focus on premium mass and mass segments is reflected in these operating metrics.
Other recurring news items include announcements of earnings release dates, the filing of the annual report on Form 20-F, and financing developments such as senior secured revolving credit facilities and amendments to existing credit agreements. These updates shed light on Studio City’s capital structure, liquidity, and access to credit.
By following MSC news, readers can track trends in operating income, net loss attributable to Studio City International Holdings Limited, and non-GAAP measures such as Adjusted EBITDA and adjusted net income/loss, as described in the company’s communications. Bookmark this page to review new press releases, financial disclosures, and other official announcements related to Studio City’s integrated resort operations in Macau.
Studio City International Holdings Limited (NYSE: MSC) announced it will release its unaudited second quarter financial results for 2022 on August 18, 2022. The company operates a premier integrated resort in Cotai, Macau, and is partially owned by Melco Resorts & Entertainment. As it prepares to disclose its financial performance, the company has indicated potential risks affecting results, including ongoing COVID-19 impacts and the new gaming law in Macau. Investors are advised to stay informed about the potential implications on the gaming market and the company’s future growth strategies.
Studio City International Holdings Limited (NYSE: MSC) announced an extension of its gaming operator's subconcession until December 31, 2022, in alignment with Macau's gaming regulations. This extension includes an agreement for the gaming areas to revert to the Macau government upon expiration, without compensation. Additionally, amendments were made to operational agreements to comply with new gaming laws, easing certain shareholding conditions. These changes may stabilize operations amid evolving regulations and economic conditions in Macau.
Studio City International Holdings Limited (NYSE: MSC) reported a net loss of US$70.2 million for Q1 2022, a slight improvement from US$75.8 million in Q1 2021. Total operating revenue fell to US$12.0 million from US$28.6 million year-over-year due to COVID-19 restrictions. Adjusted EBITDA was negative US$26.7 million, worsening from negative US$13.4 million in the prior year. Gaming revenues decreased significantly, with gross gaming revenues of US$75.0 million compared to US$98.5 million in 2021. However, cash reserves increased to US$926.1 million as of March 31, 2022.
Studio City International Holdings Limited (NYSE: MSC) announced it will release its unaudited financial results for Q1 2022 on May 5, 2022. This announcement comes amidst various uncertainties, including the long-term effects of COVID-19 on the gaming market in Macau and potential changes in local gaming laws. The company is supported by its major shareholder, Melco Resorts & Entertainment. Investors are advised to consider inherent risks and forward-looking statements in the financial results.
Studio City International Holdings Limited (NYSE: MSC) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021. The report contains audited consolidated financial statements and is available on the company's investor relations website. Shareholders and ADS holders can request a hard copy of the report at no charge. The press release includes a safe harbor statement regarding forward-looking statements, indicating potential risks such as the ongoing impact of COVID-19 and economic conditions affecting the gaming market in Macau.
Studio City International Holdings Limited (NYSE: MSC) reported its unaudited financial results for Q4 and full year 2021. Q4 operating revenues rose to US$28.4 million, up from US$23.7 million in 2020. The casino generated US$91.1 million in gross gaming revenues, while total operating loss for 2021 decreased to US$191.6 million from US$279.9 million in 2020. Total cash stood at US$499.4 million. Subsequent to the year-end, the company announced a US$350 million senior secured notes offering.
Studio City International Holdings Limited (NYSE: MSC) will release its fourth quarter and full year financial results for 2021 on March 1, 2022. The press release emphasizes the company's commitment to transparency and adherence to regulatory frameworks. Key factors affecting results include the ongoing COVID-19 pandemic, market growth in Macau, capital market conditions, and regulatory changes in the gaming sector. The company acknowledges potential risks impacting its business outlook and emphasizes the importance of government approvals and market conditions.
Studio City Company Limited has priced its international offering of US$350 million in senior secured notes due 2027, bearing a 7.00% interest rate. The funds will be utilized for capital expenditures related to the completion of the Studio City project and other corporate purposes. The notes will rank equally with existing senior debt and will not be guaranteed by Melco Resorts & Entertainment. Approval for listing on the Singapore Exchange has been received, but the notes will not be offered or sold in the U.S. without registration.
Studio City International Holdings Limited (NYSE: MSC) announced a private placement to existing institutional shareholders, raising approximately US$300 million at US$0.75 per Class A ordinary share or US$3.00 per American Depositary Share (ADS). The agreements involve holders of over 99% of the company’s outstanding shares. The placement is exempt from registration under U.S. securities laws, indicating a strategic move to bolster capital amidst ongoing market challenges.
Studio City Company Limited announced plans for an international offering of senior secured notes to partially fund ongoing capital expenditures and general corporate purposes. The notes will rank equally with existing senior debt and will be guaranteed by its subsidiaries, but not by Melco Resorts & Entertainment or SCIHL. The interest rate and terms will be determined upon pricing, and the offering depends on market conditions and investor interest. The notes will be offered in compliance with U.S. Securities laws but will not be registered for general sale in the U.S.