Melco Resorts Finance Says GGR Grows 94% Through November 2020, Offers New US $ 250 Million Note Offer

Melco Resorts Finance Says GGR Grows 94% Through November 2020, Offers New US $ 250 Million Note Offer

Melco Resorts Finance Limited, the subsidiary of Melco Resorts & Entertainment that operates City of Dreams Macau, Altira Macau and Mocha Clubs, says its gross gaming revenue in October and November 2020 increased 94% from the previous quarter.

While it did not provide detailed GGR figures, the improvement reflects revenue growth reported by other operators since the return of the one-on-one tour program for mainland Chinese residents in the third quarter. Wynn Resorts recently announced a 31% increase in GGR and a return to positive EBITDA for October and November, while another subsidiary of Melco Resorts & Entertainment, Studio City International Holdings, announced a 146% increase in GGR for the same period.

Melco had reported gaming revenue of approximately US $ 95 million for City of Dreams, Altira and Mocha Clubs combined in 3Q20.

The update comes as Melco Resorts Finance announced a proposal to conduct an international offering of 5.375% senior notes due 2029, with proceeds …

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