ldquo;Macau continues on its strong growth trajectory, with all gaming segments delivering impressive year-over-year growth driven by improving tourism demographics, an ongoing improvement in player sentiment as well as an expansion of non-gaming amenities across Macau,” commented Melco chairman and CEO, Lawrence Ho.
Property EBITDA at the City of Dreams Manila reached USD 176.2M and USD 62.8M respectively.
The year-on-year improvement in adjusted EBITDA was primarily a result of increased casino revenues, said the company in a statement.
“We believe that our high quality assets, market-leading social safeguard systems and commitment to being an ideal partner to local governments and communities alike, as we have shown in Macau and the Philippines, places us in a strong position to compete for a license in this exciting market,” said Ho.
The company has announced a quarterly dividend of US$0.03 per share for the second quarter of 2017, to be paid August 23, 2017.