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Melco explores 2nd phase for Studio City

Melco Resorts & Entertainment Chairman and CEO Lawrence Ho Yau Lung said in a statement Thursday that his company would “continue to explore the phase 2 expansion of Studio City.

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UPDATED: 22 Dec 2023, 5:44 am

Melco Resorts & Entertainment Chairman and CEO Lawrence Ho Yau Lung said in a statement Thursday that his company would “continue to explore the phase 2 expansion of Studio City.

Lawrence Ho said  augment the existing room inventory and entertainment offerings will contribute to the continued growth and development of his [Cotai] property.

According to the statement by the New York-listed gaming company, its net revenue for the fourth quarter of last year rose 12 percent year on year to US$1.33 billion.

The statement also quoted Ho as saying that “in 2018, we expect another year of robust growth for Macau, as the market benefits from the improving demand environment, the anticipated completion of the Hong Kong-Zhuhai-Macau Bridge, and the ongoing build-out of Cotai.”

UPDATED: 22 Dec 2023, 5:44 am

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