Gaming operator Melco reports 22% revenue growth in 2024
Monday 31 de March 2025 / 12:00
2 minutos de lectura
(Macau).- Melco International Development announced a strong performance for the year ending December 31, 2024, with net revenues totaling HKD36.17 billion, a 22.5% increase compared to the previous year.
According to the financial report of the listed parent of gaming operator Melco Resorts & Entertainment, the growth was primarily attributed to the recovery of inbound tourism to Macau and the successful opening of new attractions such as Studio City Phase 2 and City of Dreams Mediterranean, which boosted the company’s casino and hospitality operations.
Adjusted EBITDA reached HKD9.03 billion, up from HKD7.51 billion in 2023.
However, the company reported a loss attributable to owners of HKD0.78 billion, an improvement from the previous year’s loss of HKD1.74 billion.
Group chairman and CEO Lawrence Ho highlighted the company’s strategic investments in the city’s premium tourism sector, which have helped attract more visitors as tourism volumes approach pre-pandemic levels.
The CEO also noted continued growth in international markets, particularly in Manila and Cyprus, and the upcoming launch of City of Dreams Sri Lanka in 2025.
Ho also expressed optimism about the company’s future growth and its strategic initiatives in a statement from the company’s financial report. “Looking ahead, we are excited about the grand return of ‘House of Dancing Water’ in May 2025, as a cultural milestone that will enrich Macau’s artistic landscape and amplify City of Dreams’ appeal. Guided by our asset-light strategy, we also remain proactive in evaluating partnerships and exploring emerging markets,” he said.
Categoría:Reports
Tags: Sin tags
País: Macao
Región: Asia
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.