Melco Resorts revenues up 222% in Q2 2021
Giant of the gambling industry Melco Resorts & Entertainment has reported new casino sites not on gamstop its financial results for the second quarter of this year. Thus, total operating revenue amounted to $566.4 million. This result was 222% higher than the same period in 2020. According to the company, the recovery of tourism in Macau was one of the main reasons for the increase in the statistical indicators.
It noted that flagship brand City of Dreams reported $347.6 million in operating revenue for the second quarter, up from $105.4 million recorded in the previous year. The massive table games market fell to $806.8m in the period, while vending machine turnover reached $494.9m.
"We are pleased to see a gradual business recovery in the second quarter of 2021 at our integrated resorts. Despite the challenges we have faced as a result of the COVID-19 pandemic and related travel restrictions, our company is holding steady," said Lawrence Ho, Melco chairman and CEO.
He added: "Mass and premium players have proven to be the main drivers of the recovery. The industry is expected to move forward."
The company's other major casino, Studio City, earned $104.5 million during the reporting period. Despite the inconvenience of the pandemic, Melco continues to invest in expansion. According to its report, "the group remains committed to its investment programme in Macau and abroad".
Now one of the world's gaming market leaders is planning an expansion of the Studio City site and is preparing to upgrade the City of Dreams in Macau.