Uncategorized
City of Dreams Manila Posts Revenue of $95.2M for Q4
Melco Resorts & Entertainment Limited has shared Q4 financial results for City of Dreams Manila. Operating revenue was $83.9m, up from $95.2m a year earlier. The casino’s adjusted EBITDA was $23.6m, a decrease from $34.6m in the same period of 2021.
There was a significant increase in rolling chip volume, up to $940.7m from $206.3m in the previous year. The rolling chip win rate increased from 1.2% in the fourth quarter of 2021 to 1.84%. The mass market table games drop increased to $148.2m and the mass market table games hold percentage decreased to 31.9%.
The gaming machine handle increased from $815.1m to $1.02bn, although the gaming machine win rate decreased from 5.4% to 4.7% in the fourth quarter of 2022. Non-gaming revenue at City of Dreams Manila declined from $26.5m to $24.5m.
Chairman and CEO Lawrence Ho said: “Gaming volumes in the Philippines have reached close to pre-pandemic levels. We are optimistic about continued growth in the Philippines as international travel normalizes.”
Powered by WPeMatico
The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.
“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.
“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.
“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
-
Uncategorized3 days ago
Musburger Media Purchases VSiN, The Sports Betting Network
-
Uncategorized2 days ago
GGPoker & Triton Poker Offer High-Roller And Super-High-Roller Events At 2024 WSOP Paradise
-
Uncategorized3 days ago
Betmotion unveils ‘Jogos do Betmotion’ competition to celebrate 2024 Olympics
-
Uncategorized2 days ago
QTech Games recruits David Camacho to take the lead for LatAm markets
-
Uncategorized3 days ago
GGPoker & Triton Poker Offer High-Roller And Super-High-Roller Events At 2024 WSOP Paradise
-
Uncategorized2 days ago
Arizona Department of Gaming Releases May Sports Betting Figures
-
Uncategorized1 day ago
QTech Games recruits David Camacho to take the lead for LatAm markets
-
Uncategorized1 day ago
QTech Games recruits David Camacho to take the lead for LatAm markets