International edition
June 12, 2021

Net income reached USD 36.5M

VIP gambling boosted Melco's revenue in Q2

VIP gambling boosted Melco's revenue in Q2
The operator posted net revenue of USD 1.3B from April to June 2017, which represents an increase of approximately 21% from USD 1.1B collected during the same period last year.
Macau | 07/28/2017

The operator posted net revenue of USD 1.3B from April to June 2017, which represents an increase of approximately 21% from USD 1.1B collected during the same period last year.

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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.

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