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Nov 9, 2018 @ 9:52

City of Dreams Manila Q3 revenue dips on new accounting method

 

City of Dreams Manila reported a 4.4 percent drop in its revenue in the third quarter to $141.7 million.

In a stock exchange filing, Melco Resorts and Entertainment Philippines Corp. said the decline was due to higher commissions reported as a reduction in revenue upon the adoption of a new revenue recognition standard, partially offset by improved gross gaming revenues.

Mass market table games drop increased to $204.9 million while gaming machine handle stood at $935 million.

Total non-gaming revenue decreased to $28.9 million from $29.2 million.

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