City of Dreams Manila Q3 revenue dips on new accounting method
City of Dreams Manila reported a 4.4 percent drop in its revenue in the third quarter to $141.7 million.
In a stock exchange filing, Melco Resorts and Entertainment Philippines Corp. said the decline was due to higher commissions reported as a reduction in revenue upon the adoption of a new revenue recognition standard, partially offset by improved gross gaming revenues.
Mass market table games drop increased to $204.9 million while gaming machine handle stood at $935 million.
Total non-gaming revenue decreased to $28.9 million from $29.2 million.