Studio City International Holdings filed its 2024 annual report, available online and to shareholders upon request.
Quiver AI Summary
Studio City International Holdings Limited announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2024. The report is available on the company's investor relations website, where shareholders can also request a hard copy of the audited consolidated financial statements free of charge. The press release includes a "safe harbor" statement regarding forward-looking statements and highlights the inherent risks and uncertainties associated with the company's future performance, including market conditions and regulatory changes. Studio City is a premier integrated resort in Cotai, Macau, and is majority owned by Melco Resorts & Entertainment Limited.
Potential Positives
- Studio City International Holdings Limited has successfully filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, showcasing transparency and compliance with regulatory requirements.
- The company is offering free hard copies of its audited consolidated financial statements to shareholders and ADS holders, demonstrating a commitment to investor relations and providing valuable financial information.
- The inclusion of a Safe Harbor Statement indicates proactive communication regarding potential risks, which may instill confidence in investors by acknowledging forward-looking uncertainties.
- Being majority owned by Melco Resorts & Entertainment Limited, a company listed on the Nasdaq Global Select Market, could enhance the credibility and stability of Studio City in the eyes of investors and stakeholders.
Potential Negatives
- The mention of various risks and uncertainties related to forward-looking statements may raise concerns among investors regarding the company's future performance.
- The reference to potential impacts from changes in the gaming market and regulations in Macau indicates vulnerability to external market conditions that could significantly impact operations.
- The lack of detailed financial performance metrics in the press release may lead to skepticism about the company's financial health and transparency.
FAQ
What is the purpose of Studio City's Form 20-F filing?
Studio City's Form 20-F filing provides an annual report detailing the company's financial performance for the fiscal year ended December 31, 2024.
How can I access Studio City's annual report?
The annual report can be accessed on the Company's investor relations website under the Annual Reports section at https://ir.studiocity-macau.com/annual-reports.
Can shareholders request a hard copy of the annual report?
Yes, shareholders and ADS holders can request a hard copy of the annual report free of charge via the Information Request section on the investor relations website.
What are forward-looking statements in Studio City's press release?
Forward-looking statements are predictions about future events and conditions that carry inherent risks and uncertainties, affecting actual outcomes.
Who can I contact for media inquiries about Studio City?
Media inquiries can be directed to Chimmy Leung, Executive Director of Corporate Communications, via email at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MSC Hedge Fund Activity
We have seen 4 institutional investors add shares of $MSC stock to their portfolio, and 7 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- REDWOOD CAPITAL MANAGEMENT, LLC removed 29,848 shares (-0.9%) from their portfolio in Q4 2024, for an estimated $168,641
- MACQUARIE GROUP LTD removed 27,164 shares (-1.2%) from their portfolio in Q4 2024, for an estimated $153,476
- INVESCO LTD. added 25,000 shares (+inf%) to their portfolio in Q4 2024, for an estimated $141,250
- RAYMOND JAMES & ASSOCIATES removed 12,986 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $97,395
- SILVER POINT CAPITAL L.P. removed 8,900 shares (-0.0%) from their portfolio in Q4 2024, for an estimated $50,285
- DAVIDSON KEMPNER CAPITAL MANAGEMENT LP removed 8,844 shares (-1.0%) from their portfolio in Q4 2024, for an estimated $49,968
- UBS GROUP AG added 1,604 shares (+51.8%) to their portfolio in Q4 2024, for an estimated $9,062
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MACAU, March 21, 2025 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024. The annual report can be accessed under the Annual Reports section on the Company’s investor relations website at https://ir.studiocity-macau.com/annual-reports .
The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests can be made through the Information Request section on the Company’s investor relations website at https://ir.studiocity-macau.com/document-request .
Safe Harbor Statement
This 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 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) changes in the gaming market and visitations in Macau, (ii) local and global economic conditions, (iii) capital and credit market volatility, (iv) our anticipated growth strategies, (v) risks associated with the implementation of the amended Macau gaming law by the Macau government, (vi) gaming authority and other governmental approvals and regulations, and (vii) 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 Limited
The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com .
The Company is majority owned by Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO).
For the investment community, please contact:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email:
[email protected]
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email:
[email protected]