Glonghui, May 30丨Studio City (MSC.US) announced financial results for the first quarter of 2024. According to financial reports, total revenue for the first quarter of 2024 was US$105.2 million, an increase of 103.92% over the previous year. The net loss attributable to the parent company in the first quarter was US$16.3 million, and the net loss for the same period last year was US$41.8 million.

In terms of revenue, Studio City Casino's gaming revenue for the first quarter of 2024 was US$318.4 million, compared to US$146.7 million for the same period last year. The amount of transcoded chips at Studio City Casino in the first quarter of 2024 was US$525.78 million, compared to US$718.5 million in the same period last year. The win rate for transcoded chips in the first quarter of 2024 was 3.72%, compared to 1.59% for the same period last year. The expected win rate for transcoded chips ranges from 2.85% to 3.15%. Mass market table bets increased to US$92.33 million in the first quarter of 2024, compared to US$408.06 million in the same period last year. The percentage of mass market table games held in the first quarter of 2024 was 29.5%, compared to 24.7% in the same period last year. Total bets on video game consoles in the first quarter of 2024 were US$82.43 million, compared to US$4317 million in the same period last year. The win rate for video game consoles in the first quarter of 2024 was 3.2%, compared to 3.8% in the same period last year.

As of March 31, 2024, the company held $207.1 million in cash and cash equivalents and $100,000 in restricted cash. Furthermore, under the 2028 Studio City Advanced Guaranteed Credit Facility, there is a revolving credit line of HK$233 million (equivalent to US$298 million) that can be withdrawn in the future, subject to certain prerequisites.