Melco Int'l Dev (00200.HK) subsidiary melco resorts and entertainment's third-quarter adjusted property EBITDA increased by 14.9% to 0.323 billion US dollars.

"Asia Gaming" cited melco resorts and entertainment as saying that the company's increased focus on the high-end mid-tier gambling market has brought significant benefits, with a clear goal of returning to pre-epidemic EBITDA and market share levels.

Despite the early stages of melco's efforts to regain market share in the high-end mid-tier market, the company pointed out that the October Golden Week showed strong performance, with mid-tier betting amounts increasing by over 20% year-on-year, setting multiple records. Specifically, Studio City ranked among the top ten betting days for three days, while Altira Macau recorded four days.

Melco's Chairman and CEO Lawrence Ho stated that the management adjustments and efforts made in the past few quarters have started to yield results. Many new conveniences were launched in late September, and personally, he believes the group will continue to benefit from this in the current and future quarters. As the group continues to reinvest in properties, business, and services, it will benefit from them.