Studio City to continue VIP operations until Jan 2021

Melco Resorts’ Studio City has announced it will be extending its VIP operations for another year. 

In a filing from Melco International Development to the Hong Kong Stock Exchange on Monday, VIP rolling chip operations will continue to be run until January 15, 2021, subject to termination by a 30-day notice. 

The Hollywood-themed resort opened its doors in Q4, 2015 and was the first IR in Macau to debut without VIP gaming.

The property launched with 200 tables, with a further 50 to be permitted a year after opening. Initially, all were reserved for the mass market, amidst a strict government cap on table allocations and a push for operators to move away from high rollers to a broader-based, more family-oriented leisure market.

However, the company reversed course a year later, announcing the opening of VIP rooms from Suncity Group and Tak Chun Group.

However, on January 15, 2019, Studio City said it would cease VIP operations on January 15, 2020. It did not give a reason for the decision. 

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts