Melco’s $1.2 billion investment in Studio City Phase 2 is just the beginning of its “new entertainment attractions”, says the company’s Chairman and CEO, noting that “the entire Studio City Phase 2 - $1.2 billion – is not included in the 10-year license”.

Melco Resorts and Entertainment’s Studio City Phase 2 schedules its opening of an new indoor water park and Epic Tower, a new hotel tower this Thursday, April 6.

Melco Resorts & Entertainment and Trip.com Group recently collaborated to host a lavish three-day, two-night trip in Macau for a select group of artists and influencers from Mainland China and Hong Kong.

UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.

Extreme hotel price hikes during the Chinese New Year (CNY) holiday may no longer be a concern in Macau, given the increasing inventory and rational consumption trends.

More premium mass baccarat tables were launched this month in Macau casinos, directly driving the increase in total wagers.

Mass table market results in the Macau SAR are currently at 100 percent or even more of 2019 levels, with slot machine results at about "70 to 80 percent", a gaming executive told AGB.

Macau gaming operator Melco Resorts & Entertainment unveiled the W Macau hotel on Friday, adding another hotel brand to its portfolio, further focused on higher-end clientele.

The W Macau, a new hotel at Melco Resorts & Entertainment Cotai property Studio City, is scheduled to open on September 8

Melco Resorts CEO, Lawrence Ho, says that the recovery in Macau so far “has exceeded all of our expectations”. The statement comes as Melco narrowed its loss significantly, to $81.28 million and recorded adjusted property EBITDA of $190.8 million – up nearly four-fold yearly.