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Studio City announces gaming table allocation20 October 2015(PRESS RELEASE) -- Studio City International Holdings Limited announced today that the Macau government has authorized Macau Studio City’s gaming operator, Melco Crown (Macau) Limited, to operate 250 new gaming tables and 1,233 new gaming machines at the Studio City gaming areas, of which 200 gaming tables and 1,233 gaming machines may be in operation upon the opening of Studio City with the remaining 50 gaming tables authorized to be in operation beginning in January 2016. Studio City’s gaming operator is a Macau gaming subconcessionaire and a member of Melco Crown Entertainment. Following the table allocation confirmation, Studio City intends to proactively engage the lenders under its senior credit facilities to discuss proposed amendments to the terms of its loan documentation to reflect the number of tables allocated. Studio City, a Hollywood-inspired integrated resort located in Macau, will offer visitors a truly diverse mix of world-class entertainment and other non-gaming attractions which support Macau’s evolution in to the leading leisure and tourism destination in Asia. It will also offer unprecedented non-gaming careers for local Macau employees. The resort will officially open on October 27, 2015, as previously announced. |