Operator sites improved performance in mass market operations
Melco Resorts & Entertainment is firing on all cylinders again with revenues up 11 per cent in the first quarter to US$1.23bn, including increases across the board in Macau, the Philippines and Cyprus.
The increase in total operating revenues was primarily attributable to the improved performance in mass market operations.
Lawrence Ho, our Chairman and Chief Executive Officer, commented, “Melco Resorts’ Adjusted Property EBITDA grew by approximately 12 per cent year-over-year to US$381m for the first quarter of 2026. In Macau, Property EBITDA grew by approximately 12 per cent year-over-year to US$334m and Property EBITDA margin improved to approximately 28 per cent. Our efforts continue to center on increasing flow through and profitability while enhancing our competitive positioning with key growth initiatives.
“In the Philippines, City of Dreams Manila exhibited solid performance despite heightened competition and continued industry headwinds that continued into 2026, with Property EBITDA rising by 24% year-over-year. In Cyprus, results at City of Dreams Mediterranean and our satellite casinos were impacted by the conflicts in the Middle East that began in late February, which adversely affected tourism arrivals. We are closely monitoring developments and will remain operationally flexible as we position the business for a recovery in travel demand.”
Revenues at City of Dreams in Macau were US$734.6m, compared with US$658.1m in the first quarter of 2025. Studio City hit US$392m, compared with US$354.5m, with even Altira Macau increasing to US$38.1m from US$27.9m.
Following the government-mandated closures in 2025 of satellite casinos in Macau, the Mocha segment now includes results for three Mocha Clubs, namely Mocha Inner Harbour, Mocha Golden Dragon and Mocha Hotel Sintra.
City of Dreams Manila in Manila generated revenues of US$105.5m, compared with US$101.6m in the first quarter of 2025. City of Dreams Mediterranean, along with three satellite casinos in Cyprus, generated US$65.3m, up from US$58.5m in the first quarter of 2025.
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Operator sites improved performance in mass market operations Melco Resorts & Entertainment is firing on all cylinders again with revenues up 11 per cent in the first quarter to US$1.23bn, including increases across the board in Macau, the Philippines and Cyprus. The increase in total operating revenues was primarily attributable to the improved performance in…
The post Melco sees revenue increase at each of its casinos in Macau, the Philippines and Cyprus appeared first on G3 Newswire.