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 reports developments tied to its integrated resort in Cotai, Macau, including Studio City Casino, hotel, food and beverage, retail and entertainment amenities. News commonly covers unaudited earnings, mass market table games and gaming machine activity, revenue from casino contract, Adjusted EBITDA and non-gaming revenue trends.
Company updates also include annual report filings, earnings-release schedules and capital-markets activity at Studio City Company Limited, a wholly owned subsidiary. Recurring debt items include senior secured notes offerings, tender offers and redemption-related announcements for subsidiary notes.
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.
Studio City International Holdings Limited (NYSE: MSC) reported a significant increase in total operating revenues for Q3 2021 at US$18.7 million, compared to US$0.9 million in Q3 2020. The surge in revenues was primarily due to a rise in gaming operations and non-gaming revenues driven by increased tourism. Gross gaming revenues reached US$85.0 million, with rolling chip volume at US$472.4 million. However, the company faced an operating loss of US$55.7 million and a net loss of US$63.2 million, albeit improved from last year. Cash balances stood at US$651.1 million, and total debt increased to US$2.09 billion.
Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q3 2021 on November 9, 2021. The company is a major integrated resort located in Cotai, Macau. Investors are advised that this announcement may include forward-looking statements, which entail various risks including the lingering effects of the COVID-19 pandemic and its impact on the gaming industry. For more information about the company, visit www.studiocity-macau.com.