Solid Growth in Macau
Macau properties delivered property EBITDA growth of 21% year-over-year despite a $12 million negative impact from a typhoon. Macau GGR grew over 30% year-over-year post Golden Week, and COD recorded its highest monthly mass tables GGR ever in October.
Impressive Growth in Philippines and Cyprus
Property EBITDA in the Philippines grew 45% quarter-over-quarter. City of Dreams Mediterranean and the satellite casinos in Cyprus had their best quarter yet, with property EBITDA growing 53% year-over-year to $23 million.
Group-wide EBITDA Growth
Group-wide adjusted property EBITDA for the third quarter of 2025 grew 18% year-over-year to approximately $380 million.
Strong Liquidity Position
Available liquidity of $2.6 billion with consolidated cash on hand of approximately $1.6 billion as of the end of the third quarter of 2025.
Debt Reduction and Cash Flow Management
Reduced debt by $180 million in the third quarter, with an additional $180 million repaid in October and November.