Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2018 Earnings
(WorldNews China)

MACAU, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (`Studio City` or the `Company`), a world-class gaming, retail and entertainment resort located in Cotai, Macau, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2018. Total revenues for the fourth quarter of 2018 was US$145.2 million, as compared to US$143.8 million in the fourth quarter of 2017. The increase in total revenues was due to the increase in revenues from the provision of gaming related services, partially offset by lower non-gaming revenues. The Company adopted a new revenue recognition standard issued by the Financial Accounting...