Gaming operator’s EBITDA in third quarter negative HK$535.5 million; total revenue HK$687 million, down 37.54 per cent from second quarter.
Melco generated negative Adjusted Property EBITDA of US$34.9 million on this year’s third quarter; CEO optimistic about e-visas being issued to mainland Chinese visitors.
Results up 31.6% on September; Macao’s six gaming operators continue to run 37 casinos, but with 32 fewer gaming tables and 345 more slot machines.
Gloomy results see VIP GGR, once a huge source of income, down to a paltry HK$29 million. CEO hopeful of ‘travel liberalisation’.
Rival bid discounted while director is on trial for illicit exploitation of gambling; Stanley Ho’s family remain at helm of long-running casinos.
CEO remains bullish in face of poor results caused by knock-on effects of Covid-19, says demand from customers still robust.
Spanish rival submits 20 million euro bid for casinos long controlled by Ho dynasty; current licence expires in December.
Highest gross gaming revenue recorded since May this year while accumulated GGR is down by 53% year-on-year.
