Form 6-K
false2023-09-300001713334--12-31As of September 30, 2023 and December 31, 2022, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $292 and $333 are included in long-term prepayments, deposits and other assets in the accompanying condensed consolidated balance sheets, respectively. 0001713334 2023-01-01 2023-09-30 0001713334 2022-01-01 2022-09-30 0001713334 2023-09-30 0001713334 2022-12-31 0001713334 2021-12-31 0001713334 2022-09-30 0001713334 us-gaap:CommonClassBMember 2023-09-30 0001713334 us-gaap:CommonClassAMember 2023-09-30 0001713334 msc:OtherMember 2023-09-30 0001713334 msc:HotelServicesMember 2023-09-30 0001713334 msc:NewCotaiLlcMember 2023-09-30 0001713334 msc:TwoThousandAndTwentyTwoSevenPointZeroZeroZeroPercentStudioCitySecuredNotesDue2027Member us-gaap:SeniorNotesMember 2023-09-30 0001713334 msc:TwoThousandAndTwentyOneFivePointZeroZeroZeroPercentStudioCityNotesDue2029Member us-gaap:SeniorNotesMember 2023-09-30 0001713334 msc:TwoThousandAndTwentySixPointZeroZeroZeroPercentSCNotesDue2025Member us-gaap:SeniorNotesMember 2023-09-30 0001713334 msc:TwoThousandAndTwentySixPointFiveZeroZeroPercentSCNotesDue2028Member us-gaap:SeniorNotesMember 2023-09-30 0001713334 msc:TwoThousandAndSixteenStudioCityCreditFacilitiesMember msc:CreditFacilityMember 2023-09-30 0001713334 msc:AdvanceCustomerDepositsAndTicketSalesMember 2023-09-30 0001713334 us-gaap:RevolvingCreditFacilityMember msc:LongTermPrepaymentsDepositsAndOtherAssetsMember msc:TwoThousandAndSixteenStudioCityCreditFacilitiesMember 2023-09-30 0001713334 us-gaap:RelatedPartyMember 2023-09-30 0001713334 msc:TwoThousandAndSixteenStudioCityCreditFacilitiesMember us-gaap:RevolvingCreditFacilityMember 2023-09-30 0001713334 msc:LawrenceYauLungHoAndHisControlledEntityMember us-gaap:SeniorNotesMember 2023-09-30 0001713334 us-gaap:SeniorNotesMember msc:IndependentDirectorMember 2023-09-30 0001713334 msc:StudioCityPhase2ProjectMember 2023-09-30 0001713334 us-gaap:CommonClassBMember 2022-12-31 0001713334 us-gaap:CommonClassAMember 2022-12-31 0001713334 msc:OtherMember 2022-12-31 0001713334 msc:HotelServicesMember 2022-12-31 0001713334 msc:NewCotaiLlcMember 2022-12-31 0001713334 msc:TwoThousandAndTwentyOneFivePointZeroZeroZeroPercentStudioCityNotesDue2029Member us-gaap:SeniorNotesMember 2022-12-31 0001713334 msc:TwoThousandAndTwentySixPointZeroZeroZeroPercentSCNotesDue2025Member us-gaap:SeniorNotesMember 2022-12-31 0001713334 us-gaap:SeniorNotesMember msc:TwoThousandAndTwentySixPointFiveZeroZeroPercentSCNotesDue2028Member 2022-12-31 0001713334 msc:TwoThousandAndSixteenStudioCityCreditFacilitiesMember msc:CreditFacilityMember 2022-12-31 0001713334 msc:TwoThousandAndTwentyTwoSevenPointZeroZeroZeroPercentStudioCitySecuredNotesDue2027Member us-gaap:SeniorNotesMember 2022-12-31 0001713334 msc:AdvanceCustomerDepositsAndTicketSalesMember 2022-12-31 0001713334 us-gaap:RevolvingCreditFacilityMember msc:LongTermPrepaymentsDepositsAndOtherAssetsMember msc:TwoThousandAndSixteenStudioCityCreditFacilitiesMember 2022-12-31 0001713334 us-gaap:RelatedPartyMember 2022-12-31 0001713334 us-gaap:SeniorNotesMember msc:IndependentDirectorMember 2022-12-31 0001713334 us-gaap:SeniorNotesMember msc:LawrenceYauLungHoAndHisControlledEntityMember 2022-12-31 0001713334 msc:StudioCityPhase2ProjectMember 2022-12-31 0001713334 us-gaap:RelatedPartyMember us-gaap:EntertainmentMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember us-gaap:FoodAndBeverageMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember us-gaap:OccupancyMember 2023-01-01 2023-09-30 0001713334 msc:TaxAuthorityMacauComplementaryTaxMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember msc:RetailAndOtherMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember msc:MallMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember msc:CasinoContractMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember msc:NonStudioCityCasinosGamingPatronsMember msc:RoomsFoodAndBeverageAndEntertainmentRevenuesMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember msc:StudioCityCasinosGamingPatronsMember msc:RoomsFoodAndBeverageAndEntertainmentRevenuesMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember msc:RoomsFoodAndBeverageAndEntertainmentRevenuesMember 2023-01-01 2023-09-30 0001713334 msc:PurchaseOfGoodsAndServicesMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2023-01-01 2023-09-30 0001713334 msc:StaffCostsForConstructionAndRenovationWorkCapitalizedMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:OtherServicesMember 2023-01-01 2023-09-30 0001713334 msc:CorporateServicesMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2023-01-01 2023-09-30 0001713334 msc:StaffCostsRechargesMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:ServiceFeeMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:RoomsFoodAndBeverageMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:CasinoContractMember 2023-01-01 2023-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember us-gaap:EntertainmentMember 2023-01-01 2023-09-30 0001713334 us-gaap:InlandRevenueHongKongMember 2023-01-01 2023-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-01-01 2023-09-30 0001713334 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-01-01 2023-09-30 0001713334 msc:ParticipationInterestMember 2023-01-01 2023-09-30 0001713334 us-gaap:RetainedEarningsMember 2023-01-01 2023-09-30 0001713334 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-09-30 0001713334 msc:AdvanceCustomerDepositsAndTicketSalesMember 2023-01-01 2023-09-30 0001713334 msc:CasinoContractMember 2023-01-01 2023-09-30 0001713334 us-gaap:OccupancyMember 2023-01-01 2023-09-30 0001713334 us-gaap:FoodAndBeverageMember 2023-01-01 2023-09-30 0001713334 us-gaap:EntertainmentMember 2023-01-01 2023-09-30 0001713334 msc:MallMember 2023-01-01 2023-09-30 0001713334 msc:RetailAndOtherMember 2023-01-01 2023-09-30 0001713334 msc:TradeCreditFacilityMember 2023-01-01 2023-09-30 0001713334 msc:TradeCreditFacilityMember us-gaap:ExtendedMaturityMember 2023-01-01 2023-09-30 0001713334 us-gaap:CommonClassAMember 2023-01-01 2023-09-30 0001713334 srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2023-01-01 2023-09-30 0001713334 msc:ServiceFeeMember 2023-01-01 2023-09-30 0001713334 msc:IndependentDirectorMember 2023-01-01 2023-09-30 0001713334 msc:LawrenceYauLungHoAndHisControlledEntityMember 2023-01-01 2023-09-30 0001713334 us-gaap:RelatedPartyMember us-gaap:EntertainmentMember 2022-01-01 2022-09-30 0001713334 us-gaap:RelatedPartyMember us-gaap:FoodAndBeverageMember 2022-01-01 2022-09-30 0001713334 us-gaap:RelatedPartyMember us-gaap:OccupancyMember 2022-01-01 2022-09-30 0001713334 msc:TaxAuthorityMacauComplementaryTaxMember 2022-01-01 2022-09-30 0001713334 us-gaap:RelatedPartyMember msc:RetailAndOtherMember 2022-01-01 2022-09-30 0001713334 us-gaap:RelatedPartyMember msc:MallMember 2022-01-01 2022-09-30 0001713334 us-gaap:RelatedPartyMember msc:CasinoContractMember 2022-01-01 2022-09-30 0001713334 us-gaap:RelatedPartyMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember msc:NonStudioCityCasinosGamingPatronsMember msc:RoomsFoodAndBeverageAndEntertainmentRevenuesMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember msc:StudioCityCasinosGamingPatronsMember msc:RoomsFoodAndBeverageAndEntertainmentRevenuesMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember msc:RoomsFoodAndBeverageAndEntertainmentRevenuesMember 2022-01-01 2022-09-30 0001713334 msc:PurchaseOfGoodsAndServicesMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2022-01-01 2022-09-30 0001713334 msc:StaffCostsForConstructionAndRenovationWorkCapitalizedMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:OtherServicesMember 2022-01-01 2022-09-30 0001713334 msc:CorporateServicesMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2022-01-01 2022-09-30 0001713334 msc:StaffCostsRechargesMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:ServiceFeeMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:RoomsFoodAndBeverageMember 2022-01-01 2022-09-30 0001713334 msc:MelcoAndItsSubsidiariesMember srt:AffiliatedEntityMember msc:CasinoContractMember 2022-01-01 2022-09-30 0001713334 us-gaap:EntertainmentMember srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2022-01-01 2022-09-30 0001713334 us-gaap:InlandRevenueHongKongMember 2022-01-01 2022-09-30 0001713334 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-01-01 2022-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-01-01 2022-09-30 0001713334 msc:ParticipationInterestMember 2022-01-01 2022-09-30 0001713334 us-gaap:RetainedEarningsMember 2022-01-01 2022-09-30 0001713334 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-09-30 0001713334 msc:AdvanceCustomerDepositsAndTicketSalesMember 2022-01-01 2022-09-30 0001713334 msc:CasinoContractMember 2022-01-01 2022-09-30 0001713334 us-gaap:OccupancyMember 2022-01-01 2022-09-30 0001713334 us-gaap:FoodAndBeverageMember 2022-01-01 2022-09-30 0001713334 us-gaap:EntertainmentMember 2022-01-01 2022-09-30 0001713334 msc:MallMember 2022-01-01 2022-09-30 0001713334 msc:RetailAndOtherMember 2022-01-01 2022-09-30 0001713334 us-gaap:CommonClassAMember 2022-01-01 2022-09-30 0001713334 srt:AffiliatedEntityMember msc:MelcoAndItsSubsidiariesMember 2022-01-01 2022-09-30 0001713334 msc:ServiceFeeMember 2022-01-01 2022-09-30 0001713334 msc:IndependentDirectorMember 2022-01-01 2022-09-30 0001713334 msc:LawrenceYauLungHoAndHisControlledEntityMember 2022-01-01 2022-09-30 0001713334 msc:AdvanceCustomerDepositsAndTicketSalesMember 2021-12-31 0001713334 us-gaap:CommonClassAMember msc:TwoThousandAndTwentyTwoPrivatePlacementsMember 2022-03-31 2022-03-31 0001713334 msc:TwoThousandAndTwentyTwoPrivatePlacementsMember 2022-03-31 2022-03-31 0001713334 msc:TenderOfferMember msc:TwoThousandAndTwentySixPointZeroZeroZeroPercentSCNotesMember us-gaap:SubsequentEventMember 2023-11-09 0001713334 msc:TwoThousandAndTwentySixPointZeroZeroZeroPercentSCNotesMember us-gaap:SeniorNotesMember us-gaap:SubsequentEventMember 2023-11-22 0001713334 msc:AdvanceCustomerDepositsAndTicketSalesMember 2022-09-30 0001713334 msc:TwoThousandAndTwentySixPointZeroZeroZeroPercentSCNotesMember us-gaap:SeniorNotesMember us-gaap:SubsequentEventMember 2023-11-24 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-31 0001713334 msc:ParticipationInterestMember 2022-12-31 0001713334 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-12-31 0001713334 us-gaap:RetainedEarningsMember 2022-12-31 0001713334 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-09-30 0001713334 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-09-30 0001713334 msc:ParticipationInterestMember 2023-09-30 0001713334 us-gaap:RetainedEarningsMember 2023-09-30 0001713334 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2021-12-31 0001713334 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001713334 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2021-12-31 0001713334 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001713334 msc:ParticipationInterestMember 2021-12-31 0001713334 us-gaap:RetainedEarningsMember 2021-12-31 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-09-30 0001713334 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-09-30 0001713334 us-gaap:AdditionalPaidInCapitalMember 2022-09-30 0001713334 msc:ParticipationInterestMember 2022-09-30 0001713334 us-gaap:RetainedEarningsMember 2022-09-30 0001713334 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-09-30 iso4217:USD xbrli:shares xbrli:pure utr:Year iso4217:HKD utr:sqm iso4217:USD xbrli:shares
 
 
FORM
6-K
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a–16 OR 15d–16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of
 November 2023
Commission File Number:
001-
38699
 
 
STUDIO CITY INTERNATIONAL HOLDINGS LIMITED
 
 

71 Robinson Road
#04-03
Singapore 068895
and
38
th
Floor, The Centrium
60 Wyndham Street
Central
Hong Kong
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20–F or Form 40–F.
Form 20-F  ☒            Form
40-F  ☐
 
 
 
Table of Contents
STUDIO CITY INTERNATIONAL HOLDINGS LIMITED
Form 6–K
TABLE OF CONTENTS
 
  
3
  
  
Table of Contents
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
STUDIO CITY INTERNATIONAL HOLDINGS LIMITED
By:
 
/s/ Geoffrey Davis
Name:
 
Geoffrey Davis, CFA
Title:
 
Chief Financial Officer
Date: November 30, 2023
 
3
Table of Contents
EXHIBIT INDEX
 
Exhibit No.
  
Description
Exhibit 99.1
  
Unaudited Condensed Consolidated Financial Statements of Studio City International Holdings Limited for the Nine Months Ended September 30, 2023 and 2022
Exhibit 99.2
  
Management’s discussion and analysis and financial data for prior periods
101.INS
  
Inline XBRL Instance Document-this instance document does not appear in the Interactive Data file because its XBRL tags are embedded within the Inline XBRL document
101.SCH
  
Inline XBRL Taxonomy Extension Schema Document
101.CAL
  
Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
  
Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
  
Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE
  
Inline XBRL Taxonomy Extension Presentation Linkbase Document
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document)