STUDIO CITY INTERNATIONAL HOLDINGS Business Summary

Studio City International Holdings Ltd (MSC) operates a cinematically-themed integrated resort in Cotai, Macau, generating revenue through a specialized casino contract with a subsidiary of Melco Resorts & Entertainment and a diverse array of non-gaming hospitality services. The company’s business segments are categorized into gaming operations—focusing on mass-market table games and machines alongside VIP rolling chip services—and non-gaming sectors including luxury hotel rooms, food and beverage, retail mall management, and large-scale entertainment. Key property differentiators include the Golden Reel figure-8 Ferris wheel, a 5,000-seat live performance arena, and extensive indoor and outdoor water parks. Within the Macau market, MSC competes directly with the Venetian Macao (Las Vegas Sands), Galaxy Entertainment Group, MGM Macau, and Wynn Macau, positioning itself as a premier mass-market and family-oriented destination designed to capitalize on the region's shift toward diversified, non-gaming tourism. The company originated as a high-profile joint venture between Melco Resorts & Entertainment and New Cotai Holdings, LLC, which was backed by major U.S. investment firms Silver Point Capital and Oaktree Capital Management. The current leadership is anchored by Chairman Lawrence Yau Lung Ho, a prominent figure in global gaming who also serves as the Chairman and CEO of Melco Resorts. The executive team includes CEO Geoffry Philip Andres and Chief Financial Officer Geoffrey Stuart Davis, both of whom bring decades of experience in international gaming finance and hospitality management. Property-level operations are led by Senior Vice President and Property General Manager Kevin Benning. The board of directors features notable members such as David Anthony Reganato, a Partner at Silver Point Capital, and Akiko Takahashi, Executive Vice President and Chief of Staff at Melco Resorts, reflecting the company's strong institutional backing and integrated governance with its majority shareholder.