Melco International Macau's losses will drop from HK$5.11 billion to HK$1.74 billion in 2023, with Melco International Development Co., Ltd., the parent company of Melco Crown Entertainment, bearing the losses. The company explained that the good performance was attributed to improved casino and hotel performance, as well as increased visitor numbers due to the lifting of COVID-19 restrictions in January 2023.

The opening of Studio City II boosted revenue, but higher net interest expenses and asset impairments led to some revenue declines related to Altira Macau. Melco International holds 51.69% of Melco Crown Resorts, and also holds interests in City of Dreams in Manila and City of Dreams Mediterranean in Cyprus.

According to "Inside Asian Gaming", the net income of all properties of Melco International increased by 180%, with total revenue reaching HK$29.5 billion, and adjusted EBITDA of HK$7.51 billion, an increase of HK$362 million compared to 2022.

The company supports the Macau government's tourism development initiatives and plans to complete the construction of a cinema in Studio City Phase 2 and relaunch the famous show "The House of Dancing Water." Refurbishment plans for the Infinity Hotel and Grand Hyatt Macau are underway, with expansion in the Philippines and strengthening operations in Cyprus also planned.

The company said it is confident in the long-term prospects of each region and will continue to drive leadership in integrated resort development through world-class real estate and entertainment activities.