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Studio City International Holdings Limited Announces Confidential Filing of Draft Registration Statement for Initial Public Offering

MACAU, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Studio City, the Hollywood-inspired cinematically-themed integrated entertainment, retail and gaming resort, today announces that Studio City International Holdings Limited (“SCIH”) has submitted on a confidential basis to the U.S. Securities and Exchange Commission (the “SEC”) a draft registration statement for a possible initial public offering (“IPO”) of American Depositary Shares (“ADSs”) representing ordinary shares of SCIH. The number and dollar amount of ADSs proposed to be offered and sold have not yet been determined.

The proposed IPO is expected to commence as market conditions permit and is subject to SCIH publicly filing with the SEC a registration statement on Form F-1 in compliance with the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the SEC’s declaring such registration statement effective.

This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act. As required by Rule 135, this announcement does not, and is not intended to, constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States or elsewhere, and it does not, and is not intended to, constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

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. Statements that are not historical facts, including statements about SCIH’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 visitation 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 SCIH’s or its affiliates’ filings with the SEC. All information provided in this press release is as of the date of this press release, and SCIH does not undertake any duty to update such information, except as required under applicable law.

For investment community, please contact:

Ross Dunwoody
Vice President, Development and Investor Relations
Tel: +853 8868 7575 or +852 2598 3689
Email: rossdunwoody@melco-resorts.com

For media enquiry, please contact:

Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

Source:Melco Resorts & Entertainment Limited