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Melco Posts Huge loss at City of Dreams Manila in Second Quarter


Melco Resorts has reported a Php2.41 billion (US$49.4 million) loss for its Philippines integrated resort, City of Dreams Manila, in the second quarter of 2020, from April 1 to June 30. This is mainly because of the “temporary closures of business and imposition of prohibition measures” across Manila as a result of COVID-19 restrictions.
The company reported a net profit of Php1.14 billion (US$23.4 million) over the same period in 2019.
The company press release said: “The PAGCOR-sanctioned dry run/trial run aimed to address all potential operational concerns to achieve a seamless reopening for City of Dreams Manila.”
The press release also provided details of break down of the fall in revenue. The facility’s rolling chip volume of Php7.3 billion (US$149.8 million) in 2Q20 compared with Php98.8 billion (US$2.03 billion) in the three months to 30 June 2019, with rolling chip win rate dropping from 5.21% to 3.38%.
Mass market table games drop was Php400 million (US$8.2 million), down from Php10 billion (US$205.2 million) in 2Q19, with hold also falling from 30.4% to 24.3%. Gaming machine handled fell from Php49 billion (US$1.0 billion) in the second quarter of 2019 to just Php1.5 billion (US$30.8 million).
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Melco Posts Huge loss at City of Dreams Manila in Second Quarter

Latest News
Reflex Gaming dances with the dead in Dead Lucky DuoMax™
Reflex Gaming, the UK-based omni-channel gaming supplier, takes players on a vibrant journey to the afterlife in its latest online slot, Dead Lucky DuoMax™, powered by Yggdrasil. Bursting with colour and character, the game is set in a dazzling Día de los Muertos celebration, where skeletons and festive spirits turn every spin into a thrilling party.
Players join the skeleton guitarist, Dead Sheeran as he chases explosive wins in a realm where the dead never sleep.
The game features a dynamic 5-reel, 3-row layout, 243 ways to pay, taking excitement to a whole new level. The DuoMax Game Engagement Mechanic (GEM) is an innovative feature that alternates payout directions with each consecutive win, switching between left-to-right and right-to-left, to create a fast-paced and highly dynamic gameplay experience.
Dead Lucky DuoMax™ also includes a Free Spins Gamble feature. This is activated when 3, 4, or 5 Bonus symbols land or cascade into view during the base game. Players are then given the choice to collect their awarded Free Spins or risk it all in an ‘all or nothing’ gamble for the chance to win more. It’s a bold mechanic that adds a layer of strategy and suspense before the bonus round even begins.
In the base game, every four consecutive dropdowns will trigger the Calavera Bonus, while in Free Spins mode, only three are needed. This bonus delivers one of several potential rewards, each chosen at random—Multiplier Boost, Double Wild, Wild Stack, or even an Extra Life to keep the action going.
The Guitarist Bonus brings unexpected magic to losing spins. At random, Sally Samba, a mischievous winged fairy, may appear after a non-winning spin, burning away an entire reel column and replacing it with new symbols that guarantee a win or trigger Free Spins.
Mat Ingram, Chief Product Officer at Reflex Gaming, said: “Dead Lucky DuoMax™ is all about energy, colour and rhythm — both in theme and gameplay. We’ve taken inspiration from the spirit of Día de los Muertos to deliver a game that’s as joyful as it is volatile. With the DuoMax mechanic, players can expect fast-paced action that rewards the bold.”
The post Reflex Gaming dances with the dead in Dead Lucky DuoMax™ appeared first on European Gaming Industry News.
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Clever Advertising appoints Andre Sousa Machado as Chief Commercial Officer
Clever Advertising, the performance marketing partner for tier one iGaming operators, is thrilled to welcome back Andre Sousa Machado as Chief Commercial Officer. A “boomerang” talent, Andre originally joined the team eight years ago—spending six years leading R&D and sales—before moving to Sportradar as Head of Publisher Relations & Affiliation, where he built ad-tech solutions and affiliate networks for tier one operators such as bet365, Entain, Fanduel, and Betway US.
At Clever Advertising, Andre will work with tier one iGaming operators to drive genuine revenue-share partnerships that reward mutual success. “I’m excited to be back,” he says. “With our creative and influencer expertise, custom technology, and deep market know-how, we’ll help new and existing partners maximise returns—while rolling out fresh tools like AI-powered optimisations, an exclusive publisher network, and dynamic ad formats that engage players from first click to long-term loyalty.”
“By using a revenue-share model, Clever Advertising truly invests in our clients’ growth,” said Jose Pedro Panzina, CEO of Clever Advertising. “With Andre now leading our channel expansion, we’re set to rival traditional marketing agencies, launch innovative partnership deals, and bring cutting-edge solutions to tier one operators around the world.”
Clever Advertising specialises in iGaming marketing. The Company offers a no-risk, revenue-share approach and an end-to-end service—from creative production and influencer campaigns to data-driven media buying across affiliate, paid social, SEM, and emerging channels. Clever Advertising’s proprietary analytics platform and compliance tools ensure full transparency, measurable results, and exclusive audience access without any upfront fees or minimum spend.
The post Clever Advertising appoints Andre Sousa Machado as Chief Commercial Officer appeared first on European Gaming Industry News.
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Tickets on sale for Helldorado Days Rodeo at the Plaza Hotel & Casino’s CORE Arena, Friday, Nov. 7 and Saturday, Nov. 8
Popular event bigger than ever with family-friendly festival, carnival games
The Helldorado Days Rodeo returns to downtown Las Vegas, Friday, Nov. 7 and Saturday, Nov. 8 at the CORE Arena at the Plaza Hotel & Casino. This year, the event will be bigger than ever before with the addition of a family-friendly festival before the rodeo excitement begins each night. The festival will include a petting zoo, a mechanical bull, carnival rides and games, line dancing, and more.
The Helldorado Days Rodeo is fully sanctioned by the Professional Rodeo Cowboys Association and the Women’s Professional Rodeo Association. The rodeo will feature bull riding, barrel racing, team roping, tie-down roping, steer wrestling, saddle bronc riding, breakaway, and bareback riding, with prize purses totaling $40,000.
The Helldorado Days Rodeo also features related western-themed events, like mutton bustin (a sheep riding competition for future cowboys and cowgirls who are 4-10 years old and under 60 pounds), a Whiskerino contest, and a historical exhibit area. The winning artwork of a children’s coloring contest will also be on display the first night.
After parties featuring country music acts will be held at the Sand Dollar Downtown after the rodeo concludes.
General admission tickets for the Helldorado Rodeo are now on sale online for $10 per person (plus taxes). VIP tickets for $30 each (plus taxes) offer guaranteed seating as well as access to an exclusive bar and restrooms.
Sponsored by the Commission for the Las Vegas Centennial and the Plaza Hotel & Casino, the mission of the Helldorado Days Rodeo is to bring the community together to celebrate the spirit of Old Las Vegas, including those who shaped the city’s history and those who are working to preserve the western lifestyle while looking toward the future.
Details about the Helldorado Days Rodeo, associated events, and sponsorships are at: plazahotelcasino.com/entertainment/helldorado-days-rodeo/.
The post Tickets on sale for Helldorado Days Rodeo at the Plaza Hotel & Casino’s CORE Arena, Friday, Nov. 7 and Saturday, Nov. 8 appeared first on European Gaming Industry News.
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