The giant of the Melco Resorts & Entertainment Giant Industry reported on its financial performance following the second quarter of this year. Thus, the overall operating revenue amounted to $566.4 million. This result was 222% more compared to the same period 2020. At the same time, the operational debt reached in $128.1 million. According to the company, the restoration of tourism in Macau has become one of the main reasons for increasing statistical indicators.
It is noted that the flagship brand City of Dreams reported on 347.6 million dollars of operating revenue for the second quarter compared to 105.4 million fixed in the previous year. The fall in the mass market of board games during this period was $806.8 million, while automatic turnover reached $494.9 million.
“We are pleased to observe the gradual restoration of the business in the second quarter of 2021 at our integrated resorts. Despite the problems we encountered as a result of a Pandemic COVID-19 and related travel restrictions, our company confidently keeps afloat, “said Lawrence Ho, Chairman and CEO Melco.
He added: “Players of the mass and premium segment proved that they are the main driving forces of recovery. It is expected that the industry will move forward. ”
Another major casino company, Studio City, has earned $104.5 million for the reporting period. Despite the inconvenience associated with a pandemic, Melco continues to invest in expansion. According to his report, “the group is still committed to its investment program in Macau and abroad.”
Now one of the world market leaders is planning to expand the Studio City object and prepares the modernization of City of Dreams in Macau.
Recall, Evolution revenue in the second quarter of this year increased by 100%.
