Melco Crown Q1 revenue up
MANILA, Philippines - Melco Crown Philippines Resorts Corp., the Philippine subsidiary of Melco Resorts & Entertainment reported that City of Dreams Manila registered net revenues of $157.4 million in the first quarter.
This is higher than the $95.4 million net revenue recorded in the same period last year as the casino resort saw an improvement in both the gaming and non-gaming businesses.
In a disclosure to the Philippine Stock Exchange, Melco Crown said COD’s EBITDA grew to $61.1 million in the first quarter compared to $28.6 million a year ago on the back of increased casino revenues.
Rolling chip volume stood at $2.4 billion, up from $1.5 billion a year earlier. The rolling chip win rate was 3.4 percent versus 2.8 percent the previous year.
For the mass market segment, table games drop increased to $153.9 million from $120.4 million.
The gaming machine handle reached $729.9 million while the win rate was 6.2 percent.
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