Latest news with #StudioCity
CBS News
25-05-2025
- Climate
- CBS News
Firefighters quickly gain control of brush fire burning near Coldwater Canyon Park
Los Angeles firefighters quickly gained control of a small brush fire burning near Coldwater Canyon Park in the Studio City area on Saturday afternoon. It was first reported at around 4:10 p.m. in the 3100 block of N. Coldwater Canyon Avenue, according to the Los Angeles Fire Department. "Due to the terrain and isolated area, a significant number of resources are enroute to assist," said a release from LAFD officials. About 30 minutes later, they reported that crews were able to stop forward progress of the flames, which had burned between one and two acres near the Betty Dearing Trail. "No structures damaged and no injuries reported," LAFD said. Crews were expected to remain in the area to mop up any hot spots.
New York Times
20-05-2025
- Entertainment
- New York Times
George Wendt, a.k.a. Norm From ‘Cheers,' Is Dead at 76
George Wendt, who earned six consecutive Primetime Emmy Award nominations for his role as the bearish, beer-quaffing Everyman Norm Peterson on the enduring sitcom 'Cheers,' died on Tuesday morning at home in Studio City, Calif. He was 76. His death was confirmed by his manager, Geoff Cheddy, who did not specify a cause. Over more than four decades, Mr. Wendt racked up about 170 film and television credits. But he was best known for 'Cheers.' He appeared on every episode of the sitcom during its 11-year run on NBC, which began in 1982. His streak of Emmy nominations for outstanding supporting actor in a comedy series began in 1984. Mr. Wendt, a native of the South Side of Chicago, started his entertainment career in inglorious fashion, sweeping the floors at the Second City, the famed improvisational comedy club in his hometown that helped launched the careers of generations of stars, including John Belushi, Mike Myers, Tina Fey and Amy Poehler. In 1974, he became part of the Second City's touring production and resident company. 'I had no acting experience in my background,' he said in a 2013 interview with The Democrat and Chronicle newspaper of Rochester, N.Y., 'but something just clicked.' He remained with the company until 1980. With his easy charm and lunch-pail demeanor, Mr. Wendt headed for Hollywood to appear in the pilot for an NBC show called 'Nothing but Comedy․'He later popped up on popular television shows like 'Taxi,' 'Alice' and 'Hart to Hart' before becoming one of America's favorite barflies on 'Cheers.' He later said that his pronounced girth was key to the role, making Norm the relatable guy that viewers would feel like sidling up next to at their neighborhood bar. 'One nice thing about being fat for a living is that you don't worry about losing weight or dieting,' Mr. Wendt once said. 'I don't know how much I'd have to lose before it was noticeable. Anyhow, if I lost 100 pounds people would say, 'Oh, no, not another fat comedian wanting to be a leading man!'' While the Norm character felt natural to who he was, he said, there were definitely differences between fiction and reality. 'The Norm you see in 'Cheers' has been years in the making,' he said. 'I have some characteristics in common with him besides our fondness for beer. But I think I'm a lot happier than Norm.' He added: 'I was a beer drinker long before 'Cheers.' When I put a couple of six packs on top of my grocery shopping cart, people are pleased. I tell 'em I'm taking them home to rehearse.' A complete obituary will be published soon.
Yahoo
10-05-2025
- Business
- Yahoo
Studio City International Holdings First Quarter 2025 Earnings: US$0.083 loss per share (vs US$0.085 loss in 1Q 2024)
Revenue: US$161.7m (up 7.7% from 1Q 2024). Net loss: US$16.0m (loss narrowed by 1.9% from 1Q 2024). US$0.083 loss per share (improved from US$0.085 loss in 1Q 2024). Our free stock report includes 1 warning sign investors should be aware of before investing in Studio City International Holdings. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Studio City International Holdings shares are up 14% from a week ago. We should say that we've discovered 1 warning sign for Studio City International Holdings that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data
CBS News
09-05-2025
- CBS News
Search underway for driver who slashed transgender woman's tires at Studio City gas station
A transgender woman is searching for the man who slashed her car's tires during a heated confrontation at a Studio City gas station. Gigi Gandy says that she didn't notice anyone behind her when she pulled into the station on Cahuenga Boulevard last week, but that changed second later when a man in a black Mercedes-Benz pulled up behind her car, which was stopped at a pump. "He's blasting on his horn. I didn't want the attention so I just said, 'You know what, just go to the next pump,'" Gandy said. "I go to the next pump, I notice that this man is sitting behind me for about a minute or two." She got out to pump gas, and that's when the man pulled his car around and parked in front of hers as a friend of his showed up. She asked him what the problem was. "He didn't answer me, he just goes straight to the friend and they start laughing, they're talking and pointing at me," Gandy said. "When they got ready to leave, he does a U-turn right in front of my car, and he stops ... and he flips me off." She returned the gesture, she says, not knowing that things would take a violent turn. "He put his car into reverse then got out of his car and proceeded to stab my tire and right after he stabbed my tire he said, 'You're lucky I don't stab you,'" Gandy said. She's unsure if her gender played a part in the incident, but she's hopeful that he can be held accountable for his actions, which left her traumatized. For anyone that finds themselves in a similar situation, she says to ignore it. "Ignore the craziness. If anyone's giving you a hard time, don't interact. It's not worth it, it's not worth the trauma and mental damage it's going to do to you in the long run," Gandy said. She filed a police report with the Los Angeles Police Department as she continues to search for the man.
Associated Press
08-05-2025
- Business
- Associated Press
Studio City International Holdings Limited Announces Unaudited First Quarter 2025 Earnings
MACAU, May 08, 2025 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) ('Studio City' or the 'Company'), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the first quarter of 2025. Total operating revenues for the first quarter of 2025 were US$161.7 million, compared with US$150.2 million in the first quarter of 2024. The increase was primarily attributable to better performance in all gaming operations leading to an increase in revenue from casino contract and higher overall non-gaming revenues. Studio City Casino generated gross gaming revenues of US$336.2 million and US$318.4 million for the first quarters of 2025 and 2024, respectively. Mass market table games drop was US$923.9 million in the first quarter of 2025, compared with US$923.3 million in the first quarter of 2024 and hold percentage was 32.8% in the first quarter of 2025, compared with 29.5% in the first quarter of 2024. Gaming machine handle for the first quarter of 2025 was US$871.5 million, compared with US$824.3 million in the first quarter of 2024 and win rate was 3.8% in the first quarter of 2025, compared with 3.2% in the first quarter of 2024. As reported in the earnings release for the fourth quarter of 2024, Studio City has strategically repositioned itself to focus on the premium mass and mass segments, and VIP rolling chip operations at Studio City were transferred to City of Dreams in late October 2024. Revenue from casino contract was US$75.9 million for the first quarter of 2025, compared with US$66.9 million for the first quarter of 2024. Revenue from casino contract is net of gaming taxes and the costs incurred in connection with the on-going operation of the Studio City Casino which are deducted by Melco Resorts (Macau) Limited, the gaming operator of the Studio City Casino (the 'Gaming Operator'). Total gaming taxes and the costs incurred in connection with the on-going operation of the Studio City Casino deducted from gross gaming revenues were US$260.2 million and US$251.5 million in the first quarters of 2025 and 2024, respectively. Total non-gaming revenues at Studio City for the first quarter of 2025 were US$85.8 million, compared with US$83.3 million for the first quarter of 2024. Operating income for the first quarter of 2025 was US$15.3 million, compared with US$16.1 million in the first quarter of 2024. Studio City's Adjusted EBITDA(1) was US$69.9 million in the first quarter of 2025, compared with US$66.2 million in the first quarter of 2024. The change was mainly attributable to the increase in revenue from casino contract and higher non-gaming revenues, partially offset by higher operating costs for the increase in business activities. Net loss attributable to Studio City International Holdings Limited for the first quarter of 2025 was US$16.0 million, or US$0.08 per ADS, compared with US$14.6 million, or US$0.08 per ADS, in the first quarter of 2024. The net loss attributable to participation interest was US$1.5 million and US$1.4 million in the first quarters of 2025 and 2024, respectively. Other Factors Affecting Earnings Total net non-operating expenses for the first quarter of 2025 were US$30.8 million, which mainly included interest expense of US$32.5 million, partially offset by net foreign exchange gains of US$2.0 million. Depreciation and amortization costs of US$52.5 million were recorded in the first quarter of 2025, of which US$0.8 million was related to the amortization expense for the land use right. The Adjusted EBITDA for Studio City for the three months ended March 31, 2025 referred to in the earnings release of Melco Resorts & Entertainment Limited ('Melco') dated May 8, 2025 ('Melco's Earnings Release') was US$27.4 million more than the Adjusted EBITDA of Studio City contained in this press release. The Adjusted EBITDA of Studio City contained in this press release includes certain intercompany charges that are not included in the Adjusted EBITDA for Studio City contained in Melco's Earnings Release. Such intercompany charges include, among other items, fees and shared service charges billed between the Company and its subsidiaries and certain subsidiaries of Melco. Additionally, Adjusted EBITDA of Studio City included in Melco's Earnings Release does not reflect certain gaming concession related costs and certain intercompany costs related to the gaming operations at Studio City Casino. Financial Position and Capital Expenditures Total cash and bank balances as of March 31, 2025 aggregated to US$98.0 million (December 31, 2024: US$127.8 million), including US$0.1 million of restricted cash (December 31, 2024: US$0.1 million). Total debt, net of unamortized deferred financing costs and original issue premiums, at the end of the first quarter of 2025 was US$2.16 billion (December 31, 2024: US$2.16 billion). Capital expenditures for the first quarter of 2025 were US$16.1 million. 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. Studio City International Holdings Limited (the 'Company') may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company'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) changes in the gaming market and visitations in Macau, (ii) local and global economic conditions, (iii) capital and credit market volatility, (iv) our anticipated growth strategies, (v) risks associated with the implementation of the amended Macau gaming law by the Macau government, (vi) gaming authority and other governmental approvals and regulations, and (vii) 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 the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law. Non-GAAP Financial Measures About Studio City International Holdings Limited The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit The Company is majority owned by Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO). For the investment community, please contact: Jeanny Kim Senior Vice President, Group Treasurer Tel: +852 2598 3698 Email: [email protected] For media enquiries, please contact: Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: [email protected]
