Macau's Studio City Q2 revenue falls as mass gaming, non-gaming weaken
Macau's Studio City Q2 revenue falls as mass gaming, non-gaming weaken
Overview
Macau integrated resort's Q2 revenue fell yr/yr due to softer mass market gaming and non-gaming
Adjusted EBITDA for Q2 declined yr/yr as lower casino contract revenue weighed on results
Net loss widened in Q2, reflecting lower revenues and higher non-operating expenses
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
MASS MARKET TABLE GAMES - Co said softer performance in mass market table games operations led to lower casino contract revenue
NON-GAMING REVENUES - Co said overall non-gaming revenues declined yr/yr
Company press release: ID:nGNX2TV6y5
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $164.60 mln |
|
Q2 Net Loss |
| $15.60 mln |
|
Q2 Adjusted EBITDA |
| $67 mln |
|
Q2 Capex |
| $8.10 mln |
|
Q2 Operating Income |
| $15 mln |
|
Reuters Recommended Reads
Aug 12 - Hong Kong's Galaxy Entertainment Q2 revenue falls 2%
Aug 13 - Canada's Bragg Gaming Q2 revenue falls on Netherlands contract rolloff
Aug 12 - UK's Evoke H1 adjusted EBITDA down on higher gaming duties
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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