Tuesday, July 16, 2024 - Login

Melco Intl Dev swings to HK$12.4 billion loss in 2020


Melco Resorts’ parent company Melco International Development said it swung to a loss of HK$12.4 billion for the year ended Dec 31, 2020, caused mainly by a 70 percent fall in revenue in the year. 

Significant declines in inbound tourism and temporary casino closures across Cyprus, Macau and Philippines were to blame. 

In a filing, Melco International said it would continue to focus on building and improving its assets, including the expansion work at Studio City, its upgrade work at City of Dreams, and the completion of City of Dreams Mediterranean in 2022. 

Melco annual results for year ended 31 December 2020 (Company filing)

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief