Casino operator Melco Resorts & Entertainment said Friday that the company’s fourth-quarter net loss was revised to $259.9 million from $156.6 million reported by the company at the end of February.

The change was due to the fact that US$49.3 million, which the company reported as net deferred tax assets in its original report, has been cut from its current account.

Melco Resort operates a casino in Macau, a property in Manila, the Philippine capital, and a gaming ground on the Mediterranean island of Cyprus.

“The Company has concluded its evaluation of the feasibility of net deferred tax assets, taking into account its cumulative consolidated net loss over the past three years,” the casino company said in a filing on Friday.

“As of December 31, 2023, the net amount of deferred tax assets was originally stated at US$49.3 million in 6-K, which is reduced to zero in the annual report,” it said.

Accordingly, the Company reviewed its Q4 and Q4 2023 and full-year results in terms of balance sheets and operating statements.

Melco Resorts’ net loss for 2023 rose to $326.9 million, compared with $277.6 million reported in February. As a result, the loss recorded in 2022 improved by $930.5 million.

Melco Resorts’ total operating income for 2023 was slightly below $3.78 billion, up 179.7% year-over-year.

BY: 안전 슬롯사이트