Macau gaming revenue smashes expectations and rises to a new post-pandemic high
Macau Gaming Revenue Surge: Macau's gross gaming revenue increased by 19% year-over-year in May, reaching 22.1 billion patacas ($2.74 billion), surpassing analyst expectations and marking the highest figure since the pandemic.
Impact of New Developments: The rise in revenue is attributed to new premium gaming tables, VIP suites, high-profile concerts, and a rebound in international visitation, with forecasts for future growth potentially being revised due to this strong performance.
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Millennium Silver (MSC:CA) Plans Non-Brokered Placement of 150M Units at $0.015 to Raise $2.25M
- Financing Plan: Millennium Silver plans to issue up to 150 million units at $0.015 each, aiming to raise gross proceeds of up to $2.25 million, which is intended to enhance the company's liquidity for future growth initiatives.
- Unit Composition: Each unit will consist of one common share and one non-transferable warrant, exercisable at $0.05 per share for the first three years and $0.10 per share in years four and five, providing investors with potential upside opportunities.
- Stock Options Granted: The company also granted 8.16 million stock options with an exercise price of $0.05 per share, expiring on January 14, 2031, which will further incentivize management and employee performance.
- Closing Conditions: The closing of this financing is subject to customary closing conditions, ensuring compliance and transparency in the transaction, thereby enhancing investor confidence.
Studio City Sets Date for Earnings Announcement
Financial Results Announcement: Studio City International Holdings Limited will release its unaudited financial results for Q3 2025 on November 6, 2025.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, which may cause actual results to differ from expectations.
Company Overview: Studio City is a major integrated resort in Cotai, Macau, and is majority owned by Melco Resorts & Entertainment Limited.
Contact Information: The press release provides contact details for media and investor inquiries, including names, titles, and email addresses.
TJX Reports Stronger-Than-Projected Earnings, Alongside Rocket Pharmaceuticals, Guess?, and Other Major Stocks Rising on Wednesday
Market Overview: U.S. stocks mostly declined, with the Nasdaq Composite dropping over 200 points on Wednesday.
TJX Companies Performance: TJX shares surged 6.4% to $141.69 after reporting quarterly earnings of $1.10 per share, exceeding estimates, and raising its 2026 EPS guidance.
Notable Stock Gains: Several companies saw significant stock increases, including Guess?, Inc. (+26%), Rocket Pharmaceuticals, Inc. (+19.6%), and Aspen Insurance Holdings Limited (+15.6%).
Additional Stock Movements: Other notable gainers included loanDepot, Inc. (+8%), Almonty Industries Inc. (+8%), and Zepp Health Corporation (+6.5%).
Macau gaming revenue smashes expectations and rises to a new post-pandemic high
Macau Gaming Revenue Surge: Macau's gross gaming revenue increased by 19% year-over-year in May, reaching 22.1 billion patacas ($2.74 billion), surpassing analyst expectations and marking the highest figure since the pandemic.
Impact of New Developments: The rise in revenue is attributed to new premium gaming tables, VIP suites, high-profile concerts, and a rebound in international visitation, with forecasts for future growth potentially being revised due to this strong performance.
Studio City International Holdings Limited Announces Unaudited Second Quarter 2025 Earnings
Financial Performance: Studio City International Holdings Limited reported a total operating revenue of US$190.1 million for Q2 2025, an increase from US$161.5 million in Q2 2024, driven by improved mass market operations and higher non-gaming revenues. The company also recorded an operating income of US$23.1 million, up from US$3.0 million the previous year.
Net Loss and Adjusted EBITDA: Despite the revenue growth, Studio City experienced a net loss of US$3.7 million in Q2 2025, significantly reduced from a loss of US$33.4 million in Q2 2024. The Adjusted EBITDA rose to US$76.4 million, compared to US$54.2 million in the same quarter last year, reflecting better operational performance.
Mesoblast, Atai Life Sciences, Melco Resorts & Entertainment And Other Big Stocks Moving Higher On Tuesday
Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones gaining over 250 points, while several companies like Mesoblast Limited and Atai Life Sciences saw significant share price increases after positive announcements.
Notable Stock Gains: Other notable gainers included McEwen Inc., Bloomin’ Brands, and Melco Resorts, with shares rising between 9% to 30% due to various factors such as FDA alignment and stock upgrades.
Millennium Silver (MSC:CA) Plans Non-Brokered Placement of 150M Units at $0.015 to Raise $2.25M
- Financing Plan: Millennium Silver plans to issue up to 150 million units at $0.015 each, aiming to raise gross proceeds of up to $2.25 million, which is intended to enhance the company's liquidity for future growth initiatives.
- Unit Composition: Each unit will consist of one common share and one non-transferable warrant, exercisable at $0.05 per share for the first three years and $0.10 per share in years four and five, providing investors with potential upside opportunities.
- Stock Options Granted: The company also granted 8.16 million stock options with an exercise price of $0.05 per share, expiring on January 14, 2031, which will further incentivize management and employee performance.
- Closing Conditions: The closing of this financing is subject to customary closing conditions, ensuring compliance and transparency in the transaction, thereby enhancing investor confidence.
Studio City Sets Date for Earnings Announcement
Financial Results Announcement: Studio City International Holdings Limited will release its unaudited financial results for Q3 2025 on November 6, 2025.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, which may cause actual results to differ from expectations.
Company Overview: Studio City is a major integrated resort in Cotai, Macau, and is majority owned by Melco Resorts & Entertainment Limited.
Contact Information: The press release provides contact details for media and investor inquiries, including names, titles, and email addresses.
TJX Reports Stronger-Than-Projected Earnings, Alongside Rocket Pharmaceuticals, Guess?, and Other Major Stocks Rising on Wednesday
Market Overview: U.S. stocks mostly declined, with the Nasdaq Composite dropping over 200 points on Wednesday.
TJX Companies Performance: TJX shares surged 6.4% to $141.69 after reporting quarterly earnings of $1.10 per share, exceeding estimates, and raising its 2026 EPS guidance.
Notable Stock Gains: Several companies saw significant stock increases, including Guess?, Inc. (+26%), Rocket Pharmaceuticals, Inc. (+19.6%), and Aspen Insurance Holdings Limited (+15.6%).
Additional Stock Movements: Other notable gainers included loanDepot, Inc. (+8%), Almonty Industries Inc. (+8%), and Zepp Health Corporation (+6.5%).
Macau gaming revenue smashes expectations and rises to a new post-pandemic high
Macau Gaming Revenue Surge: Macau's gross gaming revenue increased by 19% year-over-year in May, reaching 22.1 billion patacas ($2.74 billion), surpassing analyst expectations and marking the highest figure since the pandemic.
Impact of New Developments: The rise in revenue is attributed to new premium gaming tables, VIP suites, high-profile concerts, and a rebound in international visitation, with forecasts for future growth potentially being revised due to this strong performance.
Studio City International Holdings Limited Announces Unaudited Second Quarter 2025 Earnings
Financial Performance: Studio City International Holdings Limited reported a total operating revenue of US$190.1 million for Q2 2025, an increase from US$161.5 million in Q2 2024, driven by improved mass market operations and higher non-gaming revenues. The company also recorded an operating income of US$23.1 million, up from US$3.0 million the previous year.
Net Loss and Adjusted EBITDA: Despite the revenue growth, Studio City experienced a net loss of US$3.7 million in Q2 2025, significantly reduced from a loss of US$33.4 million in Q2 2024. The Adjusted EBITDA rose to US$76.4 million, compared to US$54.2 million in the same quarter last year, reflecting better operational performance.
Mesoblast, Atai Life Sciences, Melco Resorts & Entertainment And Other Big Stocks Moving Higher On Tuesday
Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones gaining over 250 points, while several companies like Mesoblast Limited and Atai Life Sciences saw significant share price increases after positive announcements.
Notable Stock Gains: Other notable gainers included McEwen Inc., Bloomin’ Brands, and Melco Resorts, with shares rising between 9% to 30% due to various factors such as FDA alignment and stock upgrades.
