International edition
September 27, 2021

Visitors averaged 41,000 per day

Melco's Macau casino draws us$ 1.94 billion bets in first month

(Macau). Casino operator Melco Crown Entertainment Ltd generated about us$ 1.94 billion in total rolling chip volume in June, with 1.2 million players visiting its new Macau resort City of Dreams, said parent company Melco International Development Ltd.


isitors averaged 41,000 per day, while the average number of rolling chip or VIP gaming tables in operation stood at 127. The casino resort recorded a mass-market table drop of about us$ 100 million in the month, with the weekly total rising by 12 % in the last week of June compared with the first, and an average of 376 mass-market gaming tables in operation.

Gaming machines generated about us$ 81 million, with about 1,320 gaming machines in operation on average, the Hong Kong-listed company said in a statement.

Shares of Hong Kong-listed Melco International fell more than 5 % to us$ 0.50 in late morning trade. Credit Suisse earlier cut its rating on the stock, as well as on its 34.06 % owned Melco Crown to "underperform" from "neutral" following the weaker-than-expected debut of its new casino in Macau.

Melco Crown's City of Dreams only won 0.8 % of the bets in the first month, compared with an expected win rate of 2.85 %. "Even having adjusted for the high-roller win percentage, City of Dreams' market share in June would have been 6.9 %, still below A street expectation of 8-10 %," Credit Suisse analyst Gabriel Chan said, cutting the target price on the stock to us$ 0.43 from us$ 0.76.

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