Statement from Studio City International Holdings Limited
May 03 2019 - 12:52AM
Studio City International Holdings Limited (NYSE: MSC) (“Studio
City” or the “Company”), a world-class gaming, retail and
entertainment resort located in Cotai, Macau today announced that
the Company is aware that New Cotai, LLC (“New Cotai”), a
shareholder of Studio City, and certain of New Cotai’s affiliates
have commenced a voluntary Chapter 11 bankruptcy petition in the
Southern District of New York. The Company does not anticipate that
the bankruptcy of New Cotai will have any material impact on the
business or operations of Studio City or the funding or the timing
of the development and construction of Studio City’s Phase II
expansion. Melco Resorts & Entertainment Limited continues to
remain the majority shareholder of Studio City.
Safe Harbor StatementThis press
release contains forward-looking statements. These statements are
made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Studio City International
Holdings Limited (the “Company”) may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to, (i) growth of the gaming market
and visitations in Macau, (ii) capital and credit market
volatility, (iii) local and global economic conditions, (iv) our
anticipated growth strategies, (v) gaming authority and other
governmental approvals and regulations, and (vi) our future
business development, results of operations and financial
condition. In some cases, forward-looking statements can be
identified by words or phrases such as “may”, “will”, “expect”,
“anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”,
“believe”, “potential”, “continue”, “is/are likely to” or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and the Company
undertakes no duty to update such information, except as required
under applicable law.
About Studio City International Holdings
LimitedThe Company, with its American depositary shares
listed on the New York Stock Exchange (NYSE: MSC), is a
world-class gaming, retail and entertainment resort located in
Cotai, Macau. For more information about the Company, please visit
www.studiocity-macau.com.
The Company is strongly supported by its single
largest shareholder, Melco Resorts & Entertainment Limited, a
company with its American depositary shares listed on the NASDAQ
Global Select Market (NASDAQ: MLCO).
For investment community, please
contact: Richard HuangDirector, Investor RelationsTel:
+852 2598 3619Email: richardlshuang@melco-resorts.com
For media enquiries, please
contact:Chimmy LeungExecutive Director, Corporate
CommunicationsTel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
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