Published
Land-BasedCasinoFinancial

Melco International revenue up 10% in H1 2021

Melco International Development has reported revenue of HK$8.43bn (US$1.08bn) for the first half of 2021, a 10% increase from the prior-year period.

mir stfr

The company, which owns four casinos in Macau, reported adjusted EBITDA of HK$732.5m, compared to a negative adjusted EBITDA of HK$886.2m for the first six months of 2020.

The group’s loss after tax meanwhile was HK$3.75bn, compared to HK$7.06bn for the first half of last year.

Melco Chairman and CEO Lawrence Ho welcomed the gradual return of visitors and the easing of travel restrictions, and pointed to the areas which the company will focus on in the coming months.

“Macau has enjoyed a steady recovery in its overall economy as travel restrictions loosen and visitors gradually return,” said Ho. “This also led to a gradual recovery in business levels at our integrated resorts during the second quarter of 2021. 

“With the most notable recovery currently being driven by mass and premium mass-market players, we will continue to focus on the development of these market segments going forward.”

Meanwhile, Melco’s Get the Jab immunity incentive program to support the Government’s efforts for vaccination against Covid-19 has been widely praised, with over 70% of the company’s staff in Macau and Hong Kong now vaccinated.

“We are encouraged by the progress of the Covid-19 vaccine rollouts in Macau, Hong Kong and China, and, along with the increasing vaccination rates across the globe, the relaxation of current travel restrictions is becoming more likely, and the recovery of the tourism industry edges closer,” added Ho.


Asia News Sponsor
Premium+ Connections
Premium

PIN-UP Partners

 
Premium

Revsharks

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium

Imagine Live

 
Premium

Lynon

 
Premium

Galaxsys

 
Premium

GammaStack

 
Premium

Digitain

 
Premium

Sport Generate

 
 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...