MACAU, Aug. 18, 2022 (GLOBE NEWSWIRE) — Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class built-in resort situated in Cotai, Macau, at the moment reported its unaudited monetary outcomes for the second quarter of 2022.
Total working revenues for the second quarter of 2022 have been unfavorable US$1.9 million, in comparison with complete working revenues of US$31.2 million within the second quarter of 2021. The change was primarily attributable to heightened border restrictions in Macau and mainland China associated to COVID-19 which led to a lower in income from on line casino contract and decrease non-gaming revenues.
Studio City Casino generated gross gaming revenues of US$34.6 million and US$106.1 million for the second quarters of 2022 and 2021, respectively.
Studio City Casino’s rolling chip quantity was US$104.1 million within the second quarter of 2022 versus US$386.1 million within the second quarter of 2021. The rolling chip win price was 5.33% within the second quarter of 2022 versus 4.01% within the second quarter of 2021. The anticipated rolling chip win price vary is 2.85% – 3.15%.
Mass market desk video games drop decreased to US$93.2 million within the second quarter of 2022, in contrast with US$319.7 million within the second quarter of 2021. The mass market desk video games maintain share was 25.7% within the second quarter of 2022, in comparison with 25.8% within the second quarter of 2021.
Gaming machine deal with for the second quarter of 2022 was US$201.7 million, in contrast with US$299.4 million within the second quarter of 2021. The gaming machine win price was 2.5% within the second quarter of 2022, in comparison with 2.7% within the second quarter of 2021.
Certain revenues of the Company have been beforehand captioned as income from provision of gaming associated providers and at the moment are captioned as income from on line casino contract because of the amendments made to the settlement for the operation of the Studio City Casino introduced on June 23, 2022. The change within the income caption doesn’t impression the income recognition coverage and figures are akin to prior durations.
Revenue from on line casino contract was unfavorable US$17.4 million for the second quarter of 2022, in contrast with income from on line casino contract of US$1.8 million for the second quarter of 2021. Revenue from on line casino contract is web of gaming taxes and the prices incurred in reference to the on-going operation of the Studio City Casino which is deducted by the Gaming Operator.
Total gaming taxes and the prices incurred in reference to the on-going operation of the Studio City Casino deducted from gross gaming revenues have been US$52.0 million and US$104.3 million within the second quarters of 2022 and 2021, respectively.
Total non-gaming revenues at Studio City for the second quarter of 2022 have been US$15.5 million, in contrast with US$29.4 million for the second quarter of 2021.
Operating loss for the second quarter of 2022 was US$72.8 million, in contrast with working lack of US$45.8 million within the second quarter of 2021.
Studio City generated unfavorable Adjusted EBITDA(1) of US$40.2 million within the second quarter of 2022, in comparison with unfavorable Adjusted EBITDA of US$9.5 million within the second quarter of 2021. The change was primarily attributable to the lower in income from on line casino contract and decrease non-gaming revenues.
Net loss attributable to Studio City International Holdings Limited for the second quarter of 2022 was US$85.6 million, in contrast with web loss attributable to Studio City International Holdings Limited of US$59.7 million within the second quarter of 2021. The web loss attributable to participation curiosity was US$8.1 million and US$11.7 million within the second quarters of 2022 and 2021, respectively.
Other Factors Affecting Earnings
Total web non-operating bills for the second quarter of 2022 have been US$21.0 million, which primarily included curiosity bills of US$24.4 million, web of quantities capitalized, partially offset by web international trade features of US$2.1 million.
Depreciation and amortization prices of US$31.7 million have been recorded within the second quarter of 2022, of which US$0.8 million was associated to the amortization expense for the land use proper.
The unfavorable Adjusted EBITDA for Studio City for the three months ended June 30, 2022 referred to in Melco’s earnings launch dated August 18, 2022 (“Melco’s earnings release”) is US$9.1 million lower than the unfavorable Adjusted EBITDA of Studio City contained on this press launch. The Adjusted EBITDA of Studio City contained on this press launch consists of sure intercompany expenses that aren’t included within the Adjusted EBITDA for Studio City contained in Melco’s earnings launch. Such intercompany expenses embody, amongst different objects, charges and shared service expenses billed between the Company and its subsidiaries and sure subsidiaries of Melco. Additionally, Adjusted EBITDA of Studio City included in Melco’s earnings launch doesn’t mirror sure intercompany prices associated to the desk video games operations at Studio City Casino.
Financial Position and Capital Expenditures
Total money and financial institution balances as of June 30, 2022 aggregated to US$812.7 million (December 31, 2021: US$499.4 million), together with US$0.1 million of restricted money (December 31, 2021: US$0.1 million). Total debt, web of unamortized deferred financing prices and unique challenge premiums, on the finish of the second quarter of 2022 was US$2.43 billion (December 31, 2021: US$2.09 billion).
Capital expenditures for the second quarter of 2022 have been US$121.9 million.
Recent Developments
Uncertainty round COVID-19 outbreaks and associated restrictions proceed to have a fabric impact on our operations, monetary place, and future prospects into the third quarter of 2022.
Our operations stay considerably impacted by journey restrictions and quarantine necessities. On June 23, 2022, the Macau authorities issued a closure order for leisure venues which didn’t embody casinos. Effective from July 11, 2022, the Macau authorities issued an additional order whereby from July 11 till July 18, 2022 all entities performing industrial and business actions, together with gaming actions, have been required to droop operation, apart from these in classes of exercise deemed important to the group and to the day-to-day lives of the members of the general public. These restrictions have been additional prolonged till July 23, 2022 and the Studio City Casino was closed for a complete of 12 days. From July 23, 2022, we have been capable of resume operations, topic to strict well being and pandemic prevention necessities. From August 2, 2022, all restrictions have been lifted, topic to sure pointers set by Macau’s Center for Disease Control and Prevention. The validity of nucleic acid exams to enter Macau fluctuate every now and then and is presently set at 48 hours for entry from Zhuhai, and non-Macau resident people who are usually not residents of Taiwan, Hong Kong, or the PRC proceed to be unable to enter Macau, besides if they’re eligible and have been accredited for an exemption.
Uncertainty round COVID-19 outbreaks is anticipated to proceed for not less than the rest of 2022 with journey bans or restrictions, visa restrictions and quarantine necessities being key elements impacting 2022 efficiency. We stay assured within the pent-up demand for Macau as a global tourism vacation spot and imagine in a powerful restoration as soon as journey restrictions and quarantine necessities are relaxed.
The development of Studio City Phase 2 continues to progress. In May 2022, the Macau authorities granted an additional extension of the event interval underneath the Studio City land concession contract. Pursuant to such extension, the event interval for the land of Studio City has been prolonged from December 27, 2022 to June 30, 2023. We will likely be monitoring the markets intently to find out the suitable time to open and presently anticipate phasing the opening starting within the second quarter of 2023. This mission will complement our present providing of ‘next-generation’ world-class leisure and additional improve the Studio City model. Designed by famend worldwide structure agency Zaha Hadid Architects, Studio City Phase 2 will supply roughly 900 extra luxurious lodge rooms and suites, a further indoor/outside water park which is anticipated to be one of many largest on the planet, a Cineplex, a number of fine-dining eating places, and a complete of roughly 1,100 sq. meters of state-of-the-art MICE house. Furthermore, the enlargement may even function a lodge tower underneath the W Hotel model in partnership with Marriott International.
Safe Harbor Statement
This press launch comprises forward-looking statements. These statements are made underneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) might also make forward-looking statements in its periodic stories to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic info, together with statements concerning the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties, and a lot of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion. These elements embody, however are usually not restricted to, (i) the worldwide COVID-19 outbreak, attributable to a novel pressure of the coronavirus, and the continued impression of its penalties on our business, our business and the worldwide economy, (ii) dangers related to the newly adopted gaming regulation in Macau and its implementation by the Macau authorities, (iii) progress of the gaming market and visitations in Macau, (iv) capital and credit score market volatility, (v) native and world financial situations, (vi) our anticipated progress methods, (vii) gaming authority and different governmental approvals and rules, and (viii) our future business improvement, outcomes of operations and monetary situation. In some circumstances, forward-looking statements will be recognized by phrases or phrases akin to “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or different comparable expressions. Further info relating to these and different dangers, uncertainties or elements is included within the Company’s filings with the SEC. All info offered on this press launch is as of the date of this press launch, and the Company undertakes no responsibility to replace such info, besides as required underneath relevant regulation.
Non-GAAP Financial Measures
(1) “Adjusted EBITDA” is outlined as web revenue/loss earlier than curiosity, taxes, depreciation, amortization, pre-opening prices, property expenses and different and different non-operating revenue and bills. We imagine that Adjusted EBITDA supplies helpful info to buyers and others in understanding and evaluating our working outcomes. This non-GAAP monetary measure eliminates the impression of things that we don’t contemplate indicative of the efficiency of our business. While we imagine that this non-GAAP monetary measure is helpful in evaluating our business, this info needs to be thought of as supplemental in nature and isn’t meant as an alternative choice to the associated monetary info ready in accordance with U.S. GAAP. It shouldn’t be thought of in isolation or construed as a substitute for web revenue/loss, money circulate or another measure of monetary efficiency or as an indicator of our working efficiency, liquidity, profitability or money flows generated by working, investing or financing actions. The use of Adjusted EBITDA has materials limitations as an analytical device, as Adjusted EBITDA doesn’t embody all objects that impression our web revenue/loss. In addition, the Company’s calculation of Adjusted EBITDA could also be totally different from the calculation strategies utilized by different firms and, due to this fact, comparability could also be restricted. Investors are inspired to assessment the reconciliation of the historic non-GAAP monetary measure to its most straight comparable GAAP monetary measure. Reconciliations of Adjusted EBITDA with essentially the most comparable monetary measures calculated and offered in accordance with U.S. GAAP are offered herein instantly following the monetary statements included on this press launch.
(2) “Adjusted net income/loss” is web revenue/loss earlier than pre-opening prices, property expenses and different and loss on extinguishment of debt, web of participation curiosity. Adjusted web revenue/loss is offered as supplemental disclosure as a result of administration believes it supplies helpful info to buyers and others in understanding and evaluating our efficiency, along with revenue/loss computed in accordance with U.S. GAAP. Adjusted web revenue/loss could also be totally different from the calculation strategies utilized by different firms and, due to this fact, comparability could also be restricted. Reconciliations of adjusted web revenue/loss attributable to Studio City International Holdings Limited with essentially the most comparable monetary measures calculated and offered in accordance with U.S. GAAP are offered herein instantly following the monetary statements included on this press launch.
About Studio City International Holdings Limited
The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class built-in resort situated in Cotai, Macau. For extra details about the Company, please go to www.studiocity-macau.com.
The Company is strongly supported by its single largest shareholder, Melco Resorts & Entertainment Limited, an organization with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO).
For the funding group, please contact:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email: [email protected]
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: [email protected]
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Condensed Consolidated Statements of Operations (Unaudited) | |||||||||||||||
| (In hundreds of U.S. {dollars}, besides share and per share information) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Operating revenues: | |||||||||||||||
| Revenue from on line casino contract(3) | $ | (17,366 | ) | $ | 1,807 | $ | (26,005 | ) | $ | 3,040 | |||||
| Rooms | 3,764 | 11,386 | 10,039 | 20,992 | |||||||||||
| Food and beverage | 3,862 | 7,187 | 9,346 | 14,071 | |||||||||||
| Entertainment | 205 | 751 | 304 | 1,045 | |||||||||||
| Services payment | 5,463 | 6,364 | 11,182 | 13,163 | |||||||||||
| Mall | 1,851 | 3,239 | 4,554 | 6,569 | |||||||||||
| Retail and different | 333 | 466 | 684 | 884 | |||||||||||
| Total working revenues | (1,888 | ) | 31,200 | 10,104 | 59,764 | ||||||||||
| Operating prices and bills: | |||||||||||||||
| Costs associated to on line casino contract(3) | (6,218 | ) | (5,901 | ) | (12,242 | ) | (11,600 | ) | |||||||
| Rooms | (2,643 | ) | (3,201 | ) | (5,592 | ) | (6,111 | ) | |||||||
| Food and beverage | (5,905 | ) | (6,927 | ) | (13,079 | ) | (14,075 | ) | |||||||
| Entertainment | (611 | ) | (721 | ) | (1,168 | ) | (1,290 | ) | |||||||
| Mall | (1,106 | ) | (995 | ) | (2,062 | ) | (1,978 | ) | |||||||
| Retail and different | (256 | ) | (403 | ) | (631 | ) | (764 | ) | |||||||
| General and administrative | (21,547 | ) | (22,503 | ) | (42,177 | ) | (46,802 | ) | |||||||
| Pre-opening prices | (604 | ) | (490 | ) | (946 | ) | (733 | ) | |||||||
| Amortization of land use proper | (824 | ) | (832 | ) | (1,651 | ) | (1,665 | ) | |||||||
| Depreciation and amortization | (30,836 | ) | (31,087 | ) | (61,825 | ) | (61,843 | ) | |||||||
| Property expenses and different | (358 | ) | (3,925 | ) | (3,421 | ) | (3,783 | ) | |||||||
| Total working prices and bills | (70,908 | ) | (76,985 | ) | (144,794 | ) | (150,644 | ) | |||||||
| Operating loss | (72,796 | ) | (45,785 | ) | (134,690 | ) | (90,880 | ) | |||||||
| Non-operating revenue (bills): | |||||||||||||||
| Interest revenue | 1,425 | 569 | 1,729 | 1,509 | |||||||||||
| Interest bills, web of quantities capitalized | (24,443 | ) | (22,341 | ) | (47,249 | ) | (45,509 | ) | |||||||
| Other financing prices | (104 | ) | (104 | ) | (207 | ) | (208 | ) | |||||||
| Foreign trade features (losses), web | 2,101 | (3,221 | ) | 6,240 | 2,505 | ||||||||||
| Loss on extinguishment of debt | – | – | – | (28,817 | ) | ||||||||||
| Total non-operating bills, web | (21,021 | ) | (25,097 | ) | (39,487 | ) | (70,520 | ) | |||||||
| Loss earlier than revenue tax | (93,817 | ) | (70,882 | ) | (174,177 | ) | (161,400 | ) | |||||||
| Income tax credit score (expense) | 119 | (477 | ) | (494 | ) | (560 | ) | ||||||||
| Net loss | (93,698 | ) | (71,359 | ) | (174,671 | ) | (161,960 | ) | |||||||
| Net loss attributable to participation curiosity | 8,061 | 11,684 | 18,801 | 26,518 | |||||||||||
| Net loss attributable to Studio City International Holdings Limited | $ | (85,637 | ) | $ | (59,675 | ) | $ | (155,870 | ) | $ | (135,442 | ) | |||
| Net loss attributable to Studio City International Holdings Limited per Class A strange share: | |||||||||||||||
| Basic | $ | (0.111 | ) | $ | (0.161 | ) | $ | (0.240 | ) | $ | (0.366 | ) | |||
| Diluted | $ | (0.111 | ) | $ | (0.161 | ) | $ | (0.242 | ) | $ | (0.366 | ) | |||
| Net loss attributable to Studio City International Holdings Limited per ADS: | |||||||||||||||
| Basic | $ | (0.445 | ) | $ | (0.645 | ) | $ | (0.959 | ) | $ | (1.463 | ) | |||
| Diluted | $ | (0.445 | ) | $ | (0.645 | ) | $ | (0.967 | ) | $ | (1.463 | ) | |||
| Weighted common Class A strange shares excellent utilized in web loss attributable to Studio City International Holdings Limited per Class A strange share calculation: | |||||||||||||||
| Basic | 770,352,700 | 370,352,700 | 649,822,535 | 370,352,700 | |||||||||||
| Diluted | 770,352,700 | 370,352,700 | 722,334,295 | 370,352,700 | |||||||||||
| (3) | As a results of the amendments made to the settlement for the operation of the Studio City Casino introduced on June 23, 2022, sure revenues and working prices of the Company have been beforehand captioned as i) income from provision of gaming associated providers and at the moment are captioned as income from on line casino contract; and ii) prices for provision of gaming associated providers and at the moment are captioned as prices associated to on line casino contract. |
| Studio City International Holdings Limited and Subsidiaries | |||||||
| Condensed Consolidated Balance Sheets | |||||||
| (In hundreds of U.S. {dollars}, besides share and per share information) | |||||||
| June 30, | December 31, | ||||||
| 2022 | 2021 | ||||||
| (Unaudited) | |||||||
| ASSETS | |||||||
| Current property: | |||||||
| Cash and money equivalents | $ | 812,600 | $ | 499,289 | |||
| Accounts receivable, web | 274 | 247 | |||||
| Amounts due from affiliated firms | 232 | 15,697 | |||||
| Inventories | 5,434 | 5,828 | |||||
| Prepaid bills and different present property | 26,267 | 42,633 | |||||
| Total present property | 844,807 | 563,694 | |||||
| Property and gear, web | 2,714,101 | 2,556,040 | |||||
| Intangible property, web | 2,063 | 2,777 | |||||
| Long-term prepayments, deposits and different property | 74,591 | 69,624 | |||||
| Restricted money | 129 | 130 | |||||
| Operating lease right-of-use property | 13,112 | 14,588 | |||||
| Land use proper, web | 109,766 | 112,114 | |||||
| Total property | $ | 3,758,569 | $ | 3,318,967 | |||
| LIABILITIES, SHAREHOLDERS’ EQUITY AND | |||||||
| PARTICIPATION INTEREST | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 512 | $ | 211 | |||
| Accrued bills and different present liabilities | 176,838 | 201,405 | |||||
| Income tax payable | 21 | 21 | |||||
| Amounts attributable to affiliated firms | 69,246 | 53,093 | |||||
| Total present liabilities | 246,617 | 254,730 | |||||
| Long-term debt, web | 2,432,817 | 2,087,486 | |||||
| Other long-term liabilities | 20,902 | 17,771 | |||||
| Deferred tax liabilities, web | 493 | – | |||||
| Operating lease liabilities, non-current | 12,973 | 14,797 | |||||
| Total liabilities | 2,713,802 | 2,374,784 | |||||
| Shareholders’ fairness and participation curiosity: | |||||||
| Class A strange shares, par worth $0.0001; 1,927,488,240 shares | |||||||
| approved; 770,352,700 and 370,352,700 shares issued | |||||||
| and excellent, respectively | 77 | 37 | |||||
| Class B strange shares, par worth $0.0001; 72,511,760 shares | |||||||
| approved; 72,511,760 shares issued and excellent | 7 | 7 | |||||
| Additional paid-in capital | 2,477,359 | 2,134,227 | |||||
| Accumulated different complete losses | (28,135 | ) | (6,136 | ) | |||
| Accumulated losses | (1,494,585 | ) | (1,338,715 | ) | |||
| Total shareholders’ fairness | 954,723 | 789,420 | |||||
| Participation curiosity | 90,044 | 154,763 | |||||
| Total shareholders’ fairness and participation curiosity | 1,044,767 | 944,183 | |||||
| Total liabilities, shareholders’ fairness and participation curiosity | $ | 3,758,569 | $ | 3,318,967 | |||
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Reconciliation of Net Loss Attributable to Studio City International Holdings Limited to | |||||||||||||||
| Adjusted Net Loss Attributable to Studio City International Holdings Limited (Unaudited) | |||||||||||||||
| (In hundreds of U.S. {dollars}, besides share and per share information) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Net loss attributable to Studio City International Holdings Limited | $ | (85,637 | ) | $ | (59,675 | ) | $ | (155,870 | ) | $ | (135,442 | ) | |||
| Pre-opening prices | 604 | 490 | 946 | 733 | |||||||||||
| Property expenses and different | 358 | 3,925 | 3,421 | 3,783 | |||||||||||
| Loss on extinguishment of debt | – | – | – | 28,817 | |||||||||||
| Participation curiosity impression on changes | (83 | ) | (723 | ) | (613 | ) | (5,458 | ) | |||||||
| Adjusted web loss attributable to Studio City International Holdings Limited | $ | (84,758 | ) | $ | (55,983 | ) | $ | (152,116 | ) | $ | (107,567 | ) | |||
| Adjusted web loss attributable to Studio City International Holdings Limited per Class A strange share: | |||||||||||||||
| Basic | $ | (0.110 | ) | $ | (0.151 | ) | $ | (0.234 | ) | $ | (0.290 | ) | |||
| Diluted | $ | (0.110 | ) | $ | (0.151 | ) | $ | (0.236 | ) | $ | (0.290 | ) | |||
| Adjusted web loss attributable to Studio City International Holdings Limited per ADS: | |||||||||||||||
| Basic | $ | (0.440 | ) | $ | (0.605 | ) | $ | (0.936 | ) | $ | (1.162 | ) | |||
| Diluted | $ | (0.440 | ) | $ | (0.605 | ) | $ | (0.943 | ) | $ | (1.162 | ) | |||
| Weighted common Class A strange shares excellent utilized in adjusted web loss attributable to Studio City International Holdings Limited per Class A strange share calculation: | |||||||||||||||
| Basic | 770,352,700 | 370,352,700 | 649,822,535 | 370,352,700 | |||||||||||
| Diluted | 770,352,700 | 370,352,700 | 722,334,295 | 370,352,700 | |||||||||||
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Reconciliation of Operating Loss to Adjusted EBITDA (Unaudited) | |||||||||||||||
| (In hundreds of U.S. {dollars}) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Operating loss | $ | (72,796 | ) | $ | (45,785 | ) | $ | (134,690 | ) | $ | (90,880 | ) | |||
| Pre-opening prices | 604 | 490 | 946 | 733 | |||||||||||
| Depreciation and amortization | 31,660 | 31,919 | 63,476 | 63,508 | |||||||||||
| Property expenses and different | 358 | 3,925 | 3,421 | 3,783 | |||||||||||
| Adjusted EBITDA | $ | (40,174 | ) | $ | (9,451 | ) | $ | (66,847 | ) | $ | (22,856 | ) | |||
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Reconciliation of Net Loss Attributable to Studio City International Holdings Limited | |||||||||||||||
| to Adjusted EBITDA (Unaudited) | |||||||||||||||
| (In hundreds of U.S. {dollars}) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Net loss attributable to Studio City International Holdings Limited | $ | (85,637 | ) | $ | (59,675 | ) | $ | (155,870 | ) | $ | (135,442 | ) | |||
| Net loss attributable to participation curiosity | (8,061 | ) | (11,684 | ) | (18,801 | ) | (26,518 | ) | |||||||
| Net loss | (93,698 | ) | (71,359 | ) | (174,671 | ) | (161,960 | ) | |||||||
| Income tax (credit score) expense | (119 | ) | 477 | 494 | 560 | ||||||||||
| Interest and different non-operating bills, web | 21,021 | 25,097 | 39,487 | 70,520 | |||||||||||
| Property expenses and different | 358 | 3,925 | 3,421 | 3,783 | |||||||||||
| Depreciation and amortization | 31,660 | 31,919 | 63,476 | 63,508 | |||||||||||
| Pre-opening prices | 604 | 490 | 946 | 733 | |||||||||||
| Adjusted EBITDA | $ | (40,174 | ) | $ | (9,451 | ) | $ | (66,847 | ) | $ | (22,856 | ) | |||
| Studio City International Holdings Limited and Subsidiaries | ||||||||||||||||
| Supplemental Data Schedule | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Room Statistics(4): | ||||||||||||||||
| Average day by day price (5) | $ | 103 | $ | 121 | $ | 117 | $ | 121 | ||||||||
| Occupancy per accessible room | 24 | % | 61 | % | 28 | % | 55 | % | ||||||||
| Revenue per accessible room (6) | $ | 24 | $ | 74 | $ | 33 | $ | 67 | ||||||||
| Other Information(7): | ||||||||||||||||
| Average variety of desk video games | 277 | 291 | 277 | 291 | ||||||||||||
| Average variety of gaming machines | 717 | 609 | 715 | 606 | ||||||||||||
| Table video games win per unit per day (8) | $ | 1,172 | $ | 3,709 | $ | 1,944 | $ | 3,593 | ||||||||
| Gaming machines win per unit per day (9) | $ | 78 | $ | 145 | $ | 94 | $ | 137 | ||||||||
| (4) | Room statistics exclude rooms that have been quickly closed or offered to employees members because of the COVID-19 outbreak | |||||||||||||||
| (5) | Average day by day price is calculated by dividing complete room revenues together with complimentary rooms (much less service expenses, if any) by complete occupied rooms together with complimentary rooms | |||||||||||||||
| (6) | Revenue per accessible room is calculated by dividing complete room revenues together with complimentary rooms (much less service expenses, if any) by complete rooms accessible | |||||||||||||||
| (7) | Table video games and gaming machines that weren’t in operation attributable to government-mandated closures or social distancing measures in relation to the COVID-19 outbreak have been excluded | |||||||||||||||
| (8) | Table video games win per unit per day is proven earlier than reductions, commissions, non-discretionary incentives (together with the point-loyalty packages) as administered by the Gaming Operator and allocating on line casino revenues associated to items and providers offered to gaming patrons on a complimentary foundation | |||||||||||||||
| (9) | Gaming machines win per unit per day is proven earlier than non-discretionary incentives (together with the point-loyalty packages) as administered by the Gaming Operator and allocating on line casino revenues associated to items and providers offered to gaming patrons on a complimentary foundation | |||||||||||||||
