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 Finance Limited announced an international offering of senior notes, aiming to conduct this in multiple tranches. The notes will be general obligations and are set to be guaranteed by existing restricted subsidiaries. The net proceeds will be used to redeem outstanding senior secured notes and to fund capital expenditures. The offering will target qualified institutional buyers and will not be registered under U.S. securities laws. Market conditions and investor interest will influence the offering's completion.
Studio City International Holdings reported a significant decrease in Q1 2020 revenues of US$37.1 million, down from US$151.1 million in Q1 2019, attributed to COVID-19 impacts. Gross gaming revenue fell to US$146.7 million from US$348.9 million, amid temporary casino closures. The company faced an operating loss of US$63.4 million versus income of US$38.5 million in 2019. Notably, net loss reached US$70.9 million, compared to net income of US$2.9 million in the same period. Total cash stood at US$299.4 million, reflecting ongoing operational challenges.