Studio City International Holdings (MSC) has released an update.
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Studio City International Holdings reports a significant increase in first-quarter 2024 revenues to $150.2 million, up from $51.5 million in the prior year, primarily due to a recovery in tourism and the opening of Studio City Phase 2. The casino’s gross gaming revenues doubled to $318.4 million, with notable improvements in mass market table games and gaming machine handle. Despite these strong revenue performances, the company still posted a net loss, albeit reduced to $14.6 million from $38.0 million in the first quarter of 2023.
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