Gaming operator Melco reports 22% revenue growth in 2024
Monday 31 de March 2025 / 12:00
⏱ 1 min read
(Macau).- Melco International Development announced a strong performance for the year ending December 31, 2024, with net revenues totaling HKD36.17 billion, a 22.5% increase compared to the previous year.
According to the financial report of the listed parent of gaming operator Melco Resorts & Entertainment, the growth was primarily attributed to the recovery of inbound tourism to Macau and the successful opening of new attractions such as Studio City Phase 2 and City of Dreams Mediterranean, which boosted the company’s casino and hospitality operations.
Adjusted EBITDA reached HKD9.03 billion, up from HKD7.51 billion in 2023.
However, the company reported a loss attributable to owners of HKD0.78 billion, an improvement from the previous year’s loss of HKD1.74 billion.
Group chairman and CEO Lawrence Ho highlighted the company’s strategic investments in the city’s premium tourism sector, which have helped attract more visitors as tourism volumes approach pre-pandemic levels.
The CEO also noted continued growth in international markets, particularly in Manila and Cyprus, and the upcoming launch of City of Dreams Sri Lanka in 2025.
Ho also expressed optimism about the company’s future growth and its strategic initiatives in a statement from the company’s financial report. “Looking ahead, we are excited about the grand return of ‘House of Dancing Water’ in May 2025, as a cultural milestone that will enrich Macau’s artistic landscape and amplify City of Dreams’ appeal. Guided by our asset-light strategy, we also remain proactive in evaluating partnerships and exploring emerging markets,” he said.
Categoría:Reports
Tags: Sin tags
País: Macao
Región: Asia
Event
BiS SiGMA South America 2026
06 de April 2026
Viviana David Discusses IGT PlayDigital's LATAM Growth Strategy
(São Paulo, SoloAzar Exclusive).- At BiS SiGMA South America, Viviana David, Head of Commercial LATAM at IGT PlayDigital, shared insights on the company’s vision for Brazil and the wider Latin American market. In this interview, she discusses the opportunities driving IGT’s participation, the business connections forged, and how innovative digital solutions are shaping the future of iGaming across the region.
Monday 18 May 2026 / 12:00
Fast Track Showcases AI-Powered CRM Innovation at BIS Sigma South America 2026
(São Paulo, SoloAzar Exclusive).- At the recent BIS Sigma Edition, Fast Track highlighted how its AI-driven CRM solutions are reshaping operator strategies in Brazil’s newly regulated iGaming market. Muriel Le Senechal, Regional Commercial Manager for LatAm, shared insights on the industry’s shift from acquisition to retention, emphasizing the role of automation, personalization, and real-time engagement in driving sustainable growth.
Tuesday 12 May 2026 / 12:00
Pay4Fun’s Leonardo Baptista on BiS SiGMA South America 2026: Regulation, Market Maturity and Brazil’s Expanding Opportunities
(São Paulo, SoloAzar Exclusive).-In this interview at BiS SiGMA South America 2026, Leonardo Baptista, CEO and co-founder of Pay4Fun, shares insights on the event’s strategic importance for the Latin American gaming industry. He highlights the growing maturity of regulatory discussions, the increasing focus on compliance and sustainability, and the expanding opportunities in Brazil—one of the most promising regulated markets globally.
Thursday 07 May 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
