Studio City International Holdings Limited (MSC) 20-F29 Mar 192018 FY Annual report (foreign)Financial data

Company Profile

Document and Entity Information

Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2018shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	MSC
Entity Registrant Name	STUDIO CITY INTERNATIONAL HOLDINGS Ltd
Entity Central Index Key	0001713334
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Class A Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	241,818,016
Class B Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	72,511,760

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 345,854	$ 348,399
Bank deposits with original maturities over three months	0	9,884
Restricted cash	31,582	34,400
Accounts receivable, net	1,712	2,345
Amounts due from affiliated companies	42,339	37,826
Inventories	9,904	10,143
Prepaid expenses and other current assets	27,650	17,930
Total current assets	459,041	460,927
PROPERTY AND EQUIPMENT, NET	2,175,858	2,280,116
LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	45,766	60,722
RESTRICTED CASH	129	130
LAND USE RIGHT, NET	121,544	125,672
TOTAL ASSETS	2,802,338	2,927,567
CURRENT LIABILITIES
Accounts payable	6,421	2,722
Accrued expenses and other current liabilities	62,825	155,840
Income tax payable	33	0
Current portion of long-term debt, net	347,740	0
Amounts due to affiliated companies	21,953	19,508
Total current liabilities	438,972	178,070
LONG-TERM DEBT, NET	1,261,904	1,999,354
OTHER LONG-TERM LIABILITIES	4,017	9,512
DEFERRED TAX LIABILITIES	1,044	588
TOTAL LIABILITIES	1,705,937	2,187,524
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' EQUITY
Additional paid-in capital	1,655,602	1,512,705
Accumulated other comprehensive (loss) income	(14,063)	488
Accumulated losses	(798,098)	(773,168)
Total shareholders' equity	843,472	740,043
PARTICIPATION INTEREST	252,929	0
Total shareholders' equity and participation interest	1,096,401	740,043
TOTAL LIABILITIES, SHAREHOLDERS' EQUITY AND PARTICIPATION INTEREST	2,802,338	2,927,567
Class A Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares, value	24	18
Class B Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares, value	$ 7	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2018	Oct. 31, 2018	Oct. 12, 2018	Dec. 31, 2017
Ordinary shares, authorized		2,000,000,000
Class A Ordinary Shares [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, authorized	1,927,488,240	1,927,488,240		1,927,488,240
Ordinary shares, issued	241,818,016			181,279,400
Ordinary shares, outstanding	241,818,016			181,279,400
Class B Ordinary Shares [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, authorized	72,511,760	72,511,760		72,511,760
Ordinary shares, issued	72,511,760			0
Ordinary shares, outstanding	72,511,760			0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
OPERATING REVENUES
OPERATING REVENUES	$ 571,213	$ 539,814	$ 424,531
OPERATING COSTS AND EXPENSES
General and administrative (including expenses to related parties of $74,514, $69,043 and $65,942 for the years ended December 31, 2018, 2017 and 2016, respectively)	(132,637)	(130,465)	(135,071)
Pre-opening costs (including expenses to related parties of $152, $101 and $3,509 for the years ended December 31, 2018, 2017 and 2016, respectively)	(4,550)	(116)	(4,044)
Amortization of land use right	(3,298)	(3,323)	(3,323)
Depreciation and amortization	(164,593)	(173,003)	(168,539)
Property charges and other	(4,464)	(22,210)	(1,825)
Total operating costs and expenses	(433,351)	(459,364)	(479,297)
OPERATING INCOME (LOSS)	137,862	80,450	(54,766)
NON-OPERATING INCOME (EXPENSES)
Interest income	3,578	2,171	1,152
Interest expenses	(160,508)	(159,918)	(159,236)
Loan commitment fees	(419)	(419)	(1,647)
Foreign exchange gains (losses), net	1,972	466	(3,445)
Other (expenses) income, net	(197)	574	1,163
Loss on extinguishment of debt	(2,489)	0	(17,435)
Costs associated with debt modification	0	0	(8,101)
Total non-operating expenses, net	(158,063)	(157,126)	(187,549)
LOSS BEFORE INCOME TAX	(20,201)	(76,676)	(242,315)
INCOME TAX (EXPENSE) CREDIT	(544)	239	(474)
NET LOSS	(20,745)	(76,437)	(242,789)
NET INCOME ATTRIBUTABLE TO PARTICIPATION INTEREST	(853)	0	0
NET LOSS ATTRIBUTABLE TO STUDIO CITY INTERNATIONAL HOLDINGS LIMITED	$ (21,598)	$ (76,437)	$ (242,789)
NET LOSS ATTRIBUTABLE TO STUDIO CITY INTERNATIONAL HOLDINGS LIMITED PER CLASS A ORDINARY SHARE:
Basic and diluted	$ (0.113)	$ (0.422)	$ (1.339)
WEIGHTED AVERAGE CLASS A ORDINARY SHARES OUTSTANDING USED IN NET LOSS ATTRIBUTABLE TO STUDIO CITY INTERNATIONAL HOLDINGS LIMITED PER SHARE CALCULATION:
Basic and diluted	191,533,455	181,279,400	181,279,400
Provision of Gaming Related Services [Member]
OPERATING REVENUES
OPERATING REVENUES	$ 339,924	$ 295,638	$ 151,597
OPERATING COSTS AND EXPENSES
Cost of revenue	(20,263)	(24,019)	(25,332)
Rooms [Member]
OPERATING REVENUES
OPERATING REVENUES	88,317	88,699	84,643
OPERATING COSTS AND EXPENSES
Cost of revenue	(21,855)	(21,750)	(22,752)
Food and Beverage [Member]
OPERATING REVENUES
OPERATING REVENUES	65,904	60,705	61,536
OPERATING COSTS AND EXPENSES
Cost of revenue	(56,342)	(54,266)	(62,200)
Entertainment [Member]
OPERATING REVENUES
OPERATING REVENUES	12,073	18,534	35,155
OPERATING COSTS AND EXPENSES
Cost of revenue	(11,978)	(16,364)	(41,432)
Services Fee [Member]
OPERATING REVENUES
OPERATING REVENUES	39,126	39,971	51,842
Mall [Member]
OPERATING REVENUES
OPERATING REVENUES	22,298	29,498	34,020
OPERATING COSTS AND EXPENSES
Cost of revenue	(10,960)	(9,098)	(11,083)
Retail and Other [Member]
OPERATING REVENUES
OPERATING REVENUES	3,571	6,769	5,738
OPERATING COSTS AND EXPENSES
Cost of revenue	$ (2,411)	$ (4,750)	$ (3,696)

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
General and administrative expenses to related parties	$ 74,514	$ 69,043	$ 65,942
Pre-opening costs expenses to related parties	152	101	3,509
Provision of Gaming Related Services [Member]
Revenues from related parties	339,924	295,638	151,597
Costs to related parties	17,634	20,386	23,478
Rooms [Member]
Revenues from related parties	53,925	53,945	48,917
Costs to related parties	12,572	12,926	14,462
Food and Beverage [Member]
Revenues from related parties	35,937	28,917	22,771
Costs to related parties	27,089	28,954	34,436
Entertainment [Member]
Revenues from related parties	1,191	1,328	5,465
Costs to related parties	4,815	6,884	11,446
Services Fee [Member]
Revenues from related parties	39,126	39,971	51,842
Mall [Member]
Costs to related parties	2,010	2,181	2,201
Retail and Other [Member]
Costs to related parties	$ 2,370	$ 3,523	$ 3,475

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (20,745)	$ (76,437)	$ (242,789)
Other comprehensive (loss) income:
Foreign currency translation adjustments, before and after tax	(18,774)	0	0
Changes in fair values of interest rate swap agreements, before and after tax	0	0	61
Other comprehensive (loss) income	(18,774)	0	61
Total comprehensive loss	(39,519)	(76,437)	(242,728)
Comprehensive loss attributable to participation interest	3,370	0	0
Comprehensive loss attributable to Studio City International Holdings Limited	$ (36,149)	$ (76,437)	$ (242,728)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS ' EQUITY - USD ($) $ in Thousands	Total	Class A Ordinary Shares [Member]	Class B Ordinary Shares [Member]	Common Stock [Member]Class A Ordinary Shares [Member]	Common Stock [Member]Class B Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Losses [Member]	Participation Interest [Member]
BEGINNING BALANCE at Dec. 31, 2015	$ 1,059,347			$ 18	$ 0	$ 1,512,844	$ 427	$ (453,942)	$ 0
BEGINNING BALANCE (in shares) at Dec. 31, 2015				181,279,400	0
Net loss for the year	(242,789)			$ 0	$ 0	0	0	(242,789)	0
Changes in fair values of interest rate swap agreements	61			0	0	0	61	0	0
Foreign currency translation adjustments	0
Loss on purchase of property and equipment from an affiliated company	(139)			0	0	(139)	0	0	0
ENDING BALANCE at Dec. 31, 2016	816,480			$ 18	$ 0	1,512,705	488	(696,731)	0
ENDING BALANCE (in shares) at Dec. 31, 2016				181,279,400	0
Net loss for the year	(76,437)			$ 0	$ 0	0	0	(76,437)	0
Changes in fair values of interest rate swap agreements	0
Foreign currency translation adjustments	0
ENDING BALANCE at Dec. 31, 2017	740,043			$ 18	$ 0	1,512,705	488	(773,168)	0
ENDING BALANCE (in shares) at Dec. 31, 2017				181,279,400	0
Net loss for the year	(20,745)			$ 0	$ 0	0	0	(21,598)	853
Changes in fair values of interest rate swap agreements	0
Foreign currency translation adjustments	(18,774)			0	0	0	(14,551)	0	(4,223)
Exchange of Class A ordinary shares to Class B ordinary shares	0			$ (7)	$ 7	0	0	0	0
Exchange of Class A ordinary shares to Class B ordinary shares, shares		72,511,760	72,511,760	(72,511,760)	72,511,760
Shares issued, net of offering expenses	399,209			$ 13	$ 0	399,196	0	0	0
Shares issued, net of offering expenses, shares				133,050,376	0
Participation Interest resulted from Organizational Transactions and the Offering (as described in Note 1)	0			$ 0	$ 0	(256,299)	0	0	256,299
ENDING BALANCE at Dec. 31, 2018	1,096,401			$ 24	$ 7	1,655,602	(14,063)	(798,098)	252,929
ENDING BALANCE (in shares) at Dec. 31, 2018				241,818,016	72,511,760
Cumulative-effect adjustment upon adoption of New Revenue Standard	$ (3,332)			$ 0	$ 0	$ 0	$ 0	$ (3,332)	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (20,745)	$ (76,437)	$ (242,789)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	167,891	176,326	171,862
Amortization of deferred financing costs	8,189	7,600	25,626
Loss (gain) on disposal of property and equipment and other long-term assets	905	489	(444)
Impairment loss recognized on property and equipment	0	19,645	0
Provision for doubtful debts	109	887	588
Loss on extinguishment of debt	2,489	0	17,435
Costs associated with debt modification	0	0	8,101
Changes in operating assets and liabilities:
Accounts receivable	241	442	2,837
Amounts due from affiliated companies	(9,906)	(38,269)	34,204
Inventories and prepaid expenses and other	(9,390)	(7,223)	6,125
Long-term prepayments, deposits and other assets	9,869	(854)	(5,094)
Accounts payable and accrued expenses and other	(4,806)	5,817	(4,255)
Amounts due to affiliated companies	140	(13,054)	3,989
Other long-term liabilities	(5,468)	(7,056)	(3,606)
Net cash provided by operating activities	139,518	68,313	14,579
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for acquisition of property and equipment	(151,279)	(42,370)	(111,396)
Placement of bank deposits with original maturities over three months	(24,823)	(9,884)	0
Funds to an affiliated company	(13,355)	(2,839)	(8,492)
Advance payments and deposits for acquisition of property and equipment	(1,968)	(1,427)	(335)
Proceeds from sale of property and equipment and other long-term assets	9,235	1,067	13,513
Withdrawal of bank deposits with original maturities over three months	34,675	0	0
Insurance proceeds received for damaged property and equipment and other long-term assets	0	108	0
Net cash used in investing activities	(147,515)	(55,345)	(106,710)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on long-term debt	(400,000)	0	(95,560)
Net proceeds from issuance of share capital	405,152	0	0
Payments of deferred financing costs	0	(1,285)	(27,226)
Net cash provided by (used in) financing activities	5,152	(1,285)	(122,786)
EFFECT OF FOREIGN EXCHANGE ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(2,519)	0	0
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(5,364)	11,683	(214,917)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	382,929	371,246	586,163
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	377,565	382,929	371,246
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS
Cash paid for interest	(155,153)	(152,318)	(127,098)
NON-CASH INVESTING AND FINANCING ACTIVITIES
Change in accrued expenses and other current liabilities and other long-term liabilities related to acquisition of property and equipment	10,316	18,817	23,690
Change in amounts due from/to affiliated companies related to acquisition of property and equipment and other long-term assets	19,320	4,696	11,286
Offering expenses capitalized for the issuance of share capital included in accrued expenses and other current liabilities	5,943	0	0
Amounts due from affiliated companies offsetting with amounts due to affiliated companies	0	2,950	0
Deferred financing costs included in accrued expenses and other current liabilities	0	0	3,180
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS
Cash and cash equivalents	345,854	348,399
Current portion of restricted cash	31,582	34,400
Non-current portion of restricted cash	129	130
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	$ 377,565	$ 382,929	$ 371,246

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation and Principles of Consolidation On May 11, 2007, one of the Company’s subsidiaries and Melco Resorts Macau entered into a services and right to use agreement, as amended on June 15, 2012, together with related agreements (together, the “Services and Right to Use Arrangements”). Under these arrangements, Melco Resorts Macau deducts gaming tax and the costs of operation of Studio City Casino. The Group receives the residual gross gaming revenues and recognizes these amounts as revenues from provision of gaming related services. In December 2015, certain of the Company’s subsidiaries entered into a master services agreement and related work agreements (collectively, the “Management and Shared Services Arrangements”) with certain of Melco’s subsidiaries with respect to services provided to and from Studio City. Under the Management and Shared Services Arrangements, certain of the corporate and administrative functions as well as operational activities of the Group are administered by staff employed by certain Melco’s subsidiaries, including senior management services, centralized corporate functions and operational and venue support services. Payment arrangements for the services are provided for in the individual work agreements and may vary depending on the services provided. Corporate services are charged at pre-negotiated The Group believes the costs incurred under the Services and Right to Use Arrangements and the allocation methods under the Management and Shared Services Arrangements are reasonable and the consolidated financial statements reflect the Group’s cost of doing business. However, such allocations may not be indicative of the actual expenses the Group would have incurred had it operated as an independent company for the periods presented. Details of the services and related charges are disclosed in Note 14. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation. Effective January 1, 2018, the Group adopted the accounting standards update on the classification and presentation of restricted cash in the statement of cash flows, using the retrospective method, and the updated classification and presentation are reflected for the years presented in the consolidated statements of cash flows. Details of the adoption of this guidance are disclosed in Note 2(v). (b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Group and on various other assumptions that the Group believes to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates. (c) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The Group estimated the fair values using appropriate valuation methodologies and market information available as of the balance sheet date. (d) Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments with original maturities of three months or less. Cash equivalents are placed with financial institutions with high-credit ratings and quality. (e) Restricted Cash The current portion of restricted cash represents cash deposited into bank accounts which are restricted as to withdrawal and use and the Group expects these funds will be released or utilized in accordance with the terms of the respective agreements within the next twelve months, while the non-current (f) Accounts Receivable and Credit Risk Accounts receivable, including hotel and other receivables, are typically non-interest (g) Inventories Inventories consist of retail merchandise, food and beverage items and certain operating supplies, which are stated at the lower of cost or net realizable value. Cost is calculated using the first-in, first-out, (h) Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and impairment losses, if any. Gains or losses on dispositions of property and equipment are included in the consolidated statements of operations. Major additions, renewals and betterments are capitalized, while maintenance and repairs are expensed as incurred. During the construction and development stage of Studio City, direct and incremental costs related to the design and construction, including costs under the construction contracts, duties and tariffs, equipment installation, shipping costs, payroll and payroll-benefit related costs, applicable portions of interest and amortization of deferred financing costs, are capitalized in property and equipment. The capitalization of such costs begins when the construction and development of a project starts and ceases once the construction is substantially completed or development activity is suspended for more than a brief period. Depreciation and amortization expense related to capitalized construction costs and other property and equipment is recognized from the time each asset is placed in service. This may occur at different stages as Studio City’s facilities are completed and opened. Property and equipment are depreciated and amortized over the following estimated useful lives on a straight-line basis: Buildings 4 to 40 years Furniture, fixtures and equipment 2 to 15 years Leasehold improvements 4 to 10 years or over the lease term, whichever is shorter Motor vehicles 5 years (i) Other Long-term Assets Other long-term assets, represent the payments for the future economic benefits of certain plant and equipment for the operations of the Studio City Casino transferred from Melco Resorts Macau to the Group pursuant to the Services and Right to Use Arrangements (the “Studio City Gaming Assets”), are stated at cost, net of accumulated amortization, and impairment losses, if any. The legal ownerships of the Studio City Gaming Assets are retained by Melco Resorts Macau. An item of the Studio City Gaming Assets is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of an item of the Studio City Gaming Assets. Any gain or loss arising on the disposal or retirement of an item of the Studio City Gaming Assets is determined as the difference between the sale proceeds and the carrying amount of an item of the Studio City Gaming Assets and is recognized in the consolidated statements of operations. Amortization is recognized so as to write off the cost of the Studio City Gaming Assets using straight-line method over the respective estimated useful lives of the Studio City Gaming Assets, ranging from 2 to 10 years. (j) Capitalized Interest Interest, including amortization of deferred financing costs, associated with major development and construction projects is capitalized and included in the cost of the project. The capitalization of interest ceases when the project is substantially completed or the development activity is suspended for more than a brief period. The amount to be capitalized is determined by applying the weighted average interest rate of the Group’s outstanding borrowings to the average amount of accumulated qualifying capital expenditures for assets under construction during the year. Total interest expenses incurred amounted to $160,508, $159,918 and $159,236, of which no interest expenses were capitalized during the years ended December 31, 2018, 2017 and 2016, respectively. (k) Impairment of Long-lived Assets The Group evaluates the long-lived assets with finite lives to be held and used for impairment whenever indicators of impairment exist. The Group then compares the estimated future cash flows of the assets, on an undiscounted basis, to the carrying values of the assets. If the undiscounted cash flows exceed the carrying values, no impairments are indicated. If the undiscounted cash flows do not exceed the carrying values, then an impairment charge is recorded based on the fair values of the assets, typically measured using a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs. During the year ended December 31, 2017, impairment loss of $19,645 was recognized, mainly due to reconfigurations and renovations at Studio City, and included in the consolidated statements of operations. No impairment loss was recognized during the years ended December 31, 2018 and 2016. (l) Deferred Financing Costs Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized to interest expenses over the terms of the related debt agreements using the effective interest method. Deferred financing costs incurred in connection with the issuance of revolving credit facilities are included in long-term prepayments, deposits and other assets in the consolidated balance sheets. All other deferred financing costs are presented as a reduction of long-term debt in the consolidated balance sheets. (m) Land Use Right Land use right is recorded at cost less accumulated amortization. Amortization is provided over the estimated term of the land use right of 40 years on a straight-line basis. (n) Revenue Recognition On January 1, 2018, the Group adopted Accounting Standards Codification 606, Revenue from Contracts with Customers Revenues from provision of gaming related services represent revenues arising from the provision of facilities for the operations of Studio City Casino and services related thereto pursuant to the Services and Right to Use Arrangements, under which Melco Resorts Macau operates the Studio City Casino. Melco Resorts Macau deducts gaming tax and the costs incurred in connection with the operations of Studio City Casino pursuant to the Services and Right to Use Arrangements, including the standalone selling prices of complimentary services within Studio City provided to the Studio City gaming patrons, from the Studio City Casino gross gaming revenues. The Group recognizes the residual amount as revenues from provision of gaming related services. The Group has concluded that it is not the controlling entity to the arrangements and recognizes the revenues from provision of gaming related services on a net basis. Non-gaming Minimum operating and right to use fees representing lease revenues, adjusted for contractual base fees and operating fee escalations, are included in mall revenues and are recognized over the terms of the related agreements on a straight-line basis. Contract and Contract-Related Liabilities In providing goods and services to its customers, there may be a timing difference between cash receipts from customers and recognition of revenues, resulting in a contract or contract-related liability. The Group’s primary type of liabilities related to contracts with customers is advance deposits on rooms and advance ticket sales which represent cash received in advance for goods or services to be provided in the future. These amounts are included in accrued expenses and other current liabilities on the consolidated balance sheets and will be recognized as revenues when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenues and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenues within one year. Advance customer deposits and ticket sales of $4,380 as of December 31, 2018 decreased by $29 from the balance of $4,409 as of January 1, 2018. The major changes from the previous basis, as a result of the adoption of the new revenue standard are summarized in Note 2(v). (o) Pre-opening Pre-opening start-up pre-opening one-off (p) Advertising and Promotional Costs The Group expenses advertising and promotional costs the first time the advertising takes place or as incurred. Advertising and promotional costs included in the accompanying consolidated statements of operations were $28,009, $23,854 and $20,989 for the years ended December 31, 2018, 2017 and 2016, respectively. (q) Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of the Company and its subsidiaries during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the consolidated statements of operations. The functional currencies of the Company and its subsidiaries are the United States dollar (“$” or “US$”), the Hong Kong dollar (“HK$”) or the Macau Pataca, respectively. All assets and liabilities are translated at the rates of exchange prevailing at the balance sheet date and all income and expense items are translated at the average rates of exchange over the year. All exchange differences arising from the translation of subsidiaries’ financial statements are recorded as a component of comprehensive loss. (r) Income Tax The Group is subject to income taxes in Macau and Hong Kong where it operates. Deferred income taxes are recognized for all significant temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. The Group’s income tax returns are subject to examination by tax authorities in the jurisdictions where it operates. The Group assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. These accounting standards utilize a two-step (s) Net Loss Attributable to Studio City International Holdings Limited Per Class A Ordinary Share Basic net loss attributable to Studio City International Holdings Limited per Class A ordinary share is calculated by dividing the net loss attributable to Studio City International Holdings Limited by the weighted average number of Class A ordinary shares outstanding during the year. Diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share is calculated by dividing the net loss attributable to Studio City International Holdings Limited by the weighted average number of Class A ordinary shares outstanding during the year adjusted to include the number of additional Class A ordinary shares that would have been outstanding if potential dilutive securities had been issued and the if-converted Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share does not include Class B ordinary share as such share do not participate in the loss of the Company. As a result, Class B ordinary share are not considered participating securities and are not included in the weighted average share outstanding for purposes of computing net loss attributable to Studio City International Holdings Limited per share. For the calculation of net loss attributable to Studio City International Holdings Limited per Class A ordinary share for periods prior to the Offering, including the year ended December 31, 2018 for which a portion of the period preceded the Offering, the Company has retrospectively presented net loss attributable to Studio City International Holdings Limited per Class A ordinary share and the share capital as if the Organizational Transactions had occurred at the beginning of the earliest period presented. Such retrospective presentation reflects the redesignation of the then issued 18,127.94 ordinary shares of $1 par value each into 181,279,400 Class A ordinary shares of $0.0001 par value each. For periods prior to the Offering date, the retrospective presentation does not include the exchange of 72,511,760 Class A ordinary shares into 72,511,760 Class B ordinary shares of $0.0001 par value each and the issuance of 115,000,000 Class A ordinary shares in the Offering. (t) Accounting for Derivative Instruments and Hedging Activities The Group uses derivative financial instruments such as floating-for-fixed (u) Comprehensive Loss and Accumulated Other Comprehensive (Loss) Income Comprehensive loss includes net loss, foreign currency translation adjustments and changes in fair values of interest rate swap agreements and is reported in the consolidated statements of comprehensive loss. As of December 31, 2018 and 2017, the Group’s accumulated other comprehensive (loss) income consisted solely of foreign currency translation adjustment. (v) Recent Changes in Accounting Standards Newly Adopted Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (as subsequently amended) which outlines a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance (“New Revenue Standard”). The core principle of this new revenue recognition model is that an entity should recognize revenues to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled in exchange for those goods or services. This update also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows arising from an entity’s contracts with customers. On January 1, 2018, the Group adopted the New Revenue Standard using the modified retrospective method applying to those contracts not yet completed as of January 1, 2018. The Group recognized the cumulative effect of adopting the New Revenue Standard as an adjustment to the opening balance of accumulated losses. Amounts for the periods beginning on or after January 1, 2018 are presented under the New Revenue Standard, while prior period amounts are not adjusted and continue to be reported in accordance with the previous basis. The major changes as a result of the adoption of the New Revenue Standard are as follows: (1) Complimentary services provided to Studio City Casino’s gaming patrons are deducted from the gross gaming revenues and are measured based on stand-alone selling prices under the New Revenue Standard, replacing the previously used retail values. The non-gaming non-gaming (2) The New Revenue Standard changes the measurement basis for the non-discretionary non-discretionary non-discretionary non-gaming The amounts of affected financial statement line items for the current period before and after the adoption of the New Revenue Standard are as follows: Year Ended December 31, 2018 Statement of Operations Balances Balances Effect of Operating Revenues Provision of gaming related services $ 339,924 $ 340,091 $ (167 ) Rooms 88,317 87,657 660 Food and beverage 65,904 65,512 392 Entertainment 12,073 13,125 (1,052 ) Net income attributable to participation interest 853 861 (8 ) Net loss attributable to Studio City International Holdings Limited 21,598 21,439 159 Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share 0.113 0.112 0.001 As at December 31, 2018 Balance Sheet Balances Balances Effect of Current Assets Amounts due from affiliated companies $ 42,339 $ 45,838 $ (3,499 ) Shareholders’ Equity and Participation Interest Additional paid-in $ 1,655,602 $ 1,654,833 $ 769 Accumulated losses 798,098 794,607 3,491 Participation interest 252,929 253,706 (777 ) In August 2016, the FASB issued an accounting standards update which amended the guidance on the classification of certain cash receipts and payments in the statement of cash flows. The guidance was effective as of January 1, 2018 and the Group adopted this new guidance on a retrospective basis. The adoption of this guidance did not have a material impact on the Group’s consolidated financial statements. In November 2016, the FASB issued an accounting standards update which amended and clarified the guidance on the classification and presentation of restricted cash in the statement of cash flows. The guidance required that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. Accordingly, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period end-of-period Recent Accounting Pronouncement Not Yet Adopted: In February 2016, the FASB issued an accounting standards update on leases, which amends various aspects of existing accounting guidance for leases. The guidance requires all lessees to recognize a lease liability and a right-of-use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The guidance is effective for interim and fiscal years beginning after December 15, 2018, with early adoption permitted. In July 2018, the FASB issued an accounting standards update which provides entities with an additional transition method to adopt the new leases standard. The amendments also provide lessors with a practical expedient to not separate non-lease components from the associated lease components if certain conditions are met. The Group has adopted this guidance using the modified retrospective method, recognizing the cumulative effect of initially applying the guidance at the date of initial application on January 1, 2019. The Group has elected the package of practical expedients, which allows the Group not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any existing leases as of the adoption date. While the Group is currently assessing the quantitative impact the guidance will have on its consolidated financial statements and related disclosures, the Group expects the most significant changes will be related to the recognition of right-of-use assets and lease liabilities for operating leases on the Group’s consolidated balance sheet, with no material impact to net income or cash flows.
Parent Company [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. Basis of Presentation The condensed financial information has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company has used equity method to account for its investments in subsidiaries.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
ACCOUNTS RECEIVABLE, NET	Dec. 31, 2018
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	3. ACCOUNTS RECEIVABLE, NET Components of accounts receivable, net are as follows: December 31, 2018 2017 Hotel $ 1,420 $ 1,415 Other 1,252 1,518 Sub-total 2,672 2,933 Less: allowances for doubtful debts (960 ) (588 ) $ 1,712 $ 2,345 During the years ended December 31, 2018, 2017 and 2016, the Group has made additional provision for doubtful debts of $376, $33 and $588, respectively, and nil, $33 and nil were written off during the years ended December 31, 2018, 2017 and 2016, respectively.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
PROPERTY AND EQUIPMENT, NET	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	4. PROPERTY AND EQUIPMENT, NET December 31, 2018 2017 Cost Buildings $ 2,309,897 $ 2,326,063 Furniture, fixtures and equipment 206,629 197,934 Leasehold improvements 80,670 72,859 Motor vehicles 2,588 3 Construction in progress 39,554 10,734 Sub-total 2,639,338 2,607,593 Less: accumulated depreciation and amortization (463,480 ) (327,477 ) Property and equipment, net $ 2,175,858 $ 2,280,116 As of December 31, 2018 and 2017, construction in progress in relation to Studio City included interest capitalized in accordance with applicable accounting standards and other direct incidental costs capitalized which, in the aggregate, amounted to $5,110 and $2,556, respectively.

LAND USE RIGHT, NET

LAND USE RIGHT, NET	12 Months Ended
LAND USE RIGHT, NET	Dec. 31, 2018
Text Block [Abstract]
LAND USE RIGHT, NET	5. LAND USE RIGHT, NET December 31, 2018 2017 Cost $ 177,290 $ 178,464 Less: accumulated amortization (55,746 ) (52,792 ) Land use right, net $ 121,544 $ 125,672

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	Dec. 31, 2018
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES December 31, 2018 2017 Operating expense and other accruals and liabilities $ 45,293 $ 47,928 Property and equipment payables 13,152 103,503 Advance customer deposits and ticket sales 4,380 4,409 $ 62,825 $ 155,840

LONG-TERM DEBT, NET

LONG-TERM DEBT, NET	12 Months Ended
LONG-TERM DEBT, NET	Dec. 31, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT, NET	7. LONG-TERM DEBT, NET Long-term debt, net consisted of the following: December 31, 2018 2017 Senior Notes (a) 2012 Studio City Notes, due 2020 (net of unamortized deferred financing costs of $2,644 and $7,493, respectively) $ 422,356 $ 817,507 2016 5.875% SC Secured Notes, due 2019 (net of unamortized deferred financing costs of $2,260 and $4,580, respectively) 347,740 345,420 2016 7.250% SC Secured Notes, due 2021 (net of unamortized deferred financing costs of $10,580 and $13,702, respectively) 839,420 836,298 Credit Facilities (b) 2016 Studio City Credit Facilities (1) 128 129 1,609,644 1,999,354 Current portion of long-term debt (net of unamortized deferred financing costs of $2,260) (347,740 ) — $ 1,261,904 $ 1,999,354 Note (1) Unamortized deferred financing costs of $1,299 and $1,686 as of December 31, 2018 and 2017, respectively, related to the 2016 SC Revolving Credit Facility of 2016 Studio City Credit Facilities are included in long-term prepayments, deposits and other assets in the accompanying consolidated balance sheets. (a) Senior Notes 2012 Studio City Notes On November 26, 2012, Studio City Finance Limited (“Studio City Finance”), a subsidiary of the Company, issued $825,000 in aggregate principal amount of 8.5% senior notes due 2020 and priced at 100% (the “2012 Studio City Notes”). Studio City Finance used the net proceeds from the offering to fund the Studio City project with conditions and sequence for disbursements in accordance with an agreement. On December 31, 2018, Studio City Finance partially redeemed the 2012 Studio City Notes in aggregate principal amount of $400,000 at a price of 100%, together with accrued interest. The Group recorded a loss on extinguishment of debt of $2,489 during the year ended December 31, 2018 in connection with this redemption. On January 22, 2019, Studio City Finance initiated a conditional tender offer to purchase the outstanding balance of 2012 Studio City Notes in aggregate principal amount of $425,000, with $216,534 aggregated principal amount of 2012 Studio City Notes tendered on February 4, 2019, and the remaining outstanding 2012 Studio City Notes in aggregate principal amount of $208,466 were redeemed in full on March 13, 2019. Further details are disclosed in Note 16. The 2012 Studio City Notes would have matured on December 1, 2020 and the interest on the 2012 Studio City Notes was accrued at a rate of 8.5% per annum, payable semi-annually in arrears on June 1 and December 1 of each year. The 2012 Studio City Notes were general obligations of Studio City Finance, secured by a first-priority security interest in certain specified bank accounts incidental to the 2012 Studio City Notes and a pledge of certain intercompany loans as defined under the 2012 Studio City Notes, ranked equally in right of payment to all existing and future senior indebtedness of Studio City Finance and ranked senior in right of payment to any existing and future subordinated indebtedness of Studio City Finance. The 2012 Studio City Notes were effectively subordinated to all of Studio City Finance’s existing and future secured indebtedness to the extent of the value of the property and assets securing such indebtedness. All of the existing subsidiaries of Studio City Finance and any other future restricted subsidiaries that provided guarantees of certain specified indebtedness (including the 2016 Studio City Credit Facilities (as described below)) (the “2012 Studio City Notes Guarantors”) jointly, severally and unconditionally guaranteed the 2012 Studio City Notes on a senior basis (the “2012 Studio City Notes Guarantees”). The 2012 Studio City Notes Guarantees were general obligations of the 2012 Studio City Notes Guarantors, ranked equally in right of payment with all existing and future senior indebtedness of the 2012 Studio City Notes Guarantors and ranked senior in right of payment to any existing and future subordinated indebtedness of the 2012 Studio City Notes Guarantors. The 2012 Studio City Notes Guarantees were effectively subordinated to the 2012 Studio City Notes Guarantors’ obligations under the 2016 Studio City Credit Facilities and the 2016 Studio City Secured Notes (as described below) and any future secured indebtedness that was secured by property and assets of the 2012 Studio City Notes Guarantors to the extent of the value of such property and assets. At any time on or after December 1, 2015, Studio City Finance had the option to redeem all or a portion of the 2012 Studio City Notes at any time at fixed redemption prices that declined ratably over time and also had the option to redeem in whole, but not in part the 2012 Studio City Notes at fixed redemption prices under certain circumstances and subject to certain exceptions as more fully described in the indenture governing the 2012 Studio City Notes. The indenture governing the 2012 Studio City Notes contained certain covenants that, subject to certain exceptions and conditions, limit the ability of Studio City Finance and its restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness; (ii) make specified restricted payments; (iii) issue or sell capital stock; (iv) sell assets; (v) create liens; (vi) enter into agreements that restrict the restricted subsidiaries’ ability to pay dividends, transfer assets or make intercompany loans; (vii) enter into transactions with shareholders or affiliates; and (viii) effect a consolidation or merger. The indenture governing the 2012 Studio City Notes also contained conditions and events of default customary for such financings. There were provisions under the indenture governing the 2012 Studio City Notes that limited or prohibited certain payments of dividends and other distributions by Studio City Finance and its restricted subsidiaries to companies or persons who were not Studio City Finance or restricted subsidiaries of Studio City Finance, subject to certain exceptions and conditions. As of December 31, 2018, the net assets of Studio City Finance and its restricted subsidiaries of approximately $1,117,000 were restricted from being distributed under the terms of the 2012 Studio City Notes. 2016 Studio City Secured Notes On November 30, 2016, Studio City Company Limited (“Studio City Company”), a subsidiary of the Company, issued $350,000 in aggregate principal amount of 5.875% senior secured notes due 2019 and priced at 100% (the “2016 5.875% SC Secured Notes”) and $850,000 in aggregate principal amount of 7.250% senior secured notes due 2021 and priced at 100% (the “2016 7.250% SC Secured Notes” and together with the 2016 5.875% SC Secured Notes, the “2016 Studio City Secured Notes”). The Group used the net proceeds from the offering, together with cash on hand, to fund the repayment of the Group’s prior senior secured credit facilities. The 2016 5.875% SC Secured Notes and 2016 7.250% SC Secured Notes mature on November 30, 2019 and November 30, 2021, respectively, and the interest on the 2016 5.875% SC Secured Notes and 2016 7.250% SC Secured Notes is accrued at a rate of 5.875% and 7.250% per annum, respectively, and is payable semi-annually in arrears on May 30 and November 30 of each year, commenced on May 30, 2017. The 2016 Studio City Secured Notes are senior secured obligations of Studio City Company, rank equally in right of payment with all existing and future senior indebtedness of Studio City Company (although any liabilities in respect of obligations under the 2016 Studio City Credit Facilities that are secured by common collateral securing the 2016 Studio City Secured Notes will have priority over the 2016 Studio City Secured Notes with respect to any proceeds received upon any enforcement action of such common collateral) and rank senior in right of payment to any existing and future subordinated indebtedness of Studio City Company and effectively subordinated to Studio City Company’s existing and future secured indebtedness that is secured by assets that do not secure the 2016 Studio City Secured Notes, to the extent of the assets securing such indebtedness. All of the existing subsidiaries of Studio City Investments Limited (“Studio City Investments”), the shareholder of the Studio City Company, (other than Studio City Company) and any other future restricted subsidiaries that provide guarantees of certain specified indebtedness (including the 2016 Studio City Credit Facilities) (the “2016 Studio City Secured Notes Guarantors”) jointly, severally and unconditionally guarantee the 2016 Studio City Secured Notes on a senior basis (the “2016 Studio City Secured Notes Guarantees”). The 2016 Studio City Secured Notes Guarantees are senior obligations of the 2016 Studio City Secured Notes Guarantors, rank equally in right of payment with all existing and future senior indebtedness of the 2016 Studio City Secured Notes Guarantors and rank senior in right of payment to any existing and future subordinated indebtedness of the 2016 Studio City Secured Notes Guarantors. The 2016 Studio City Secured Notes Guarantees are pari passu to the 2016 Studio City Secured Notes Guarantors’ obligations under the 2016 Studio City Credit Facilities, and effectively subordinated to any future secured indebtedness that is secured by assets that do not secure the 2016 Studio City Secured Notes and the 2016 Studio City Secured Notes Guarantees, to the extent of the value of the assets. The 2016 Studio City Secured Notes are secured, on an equal basis with the 2016 Studio City Credit Facilities, by substantially all of the material assets of Studio City Investments and its subsidiaries (although obligations under the 2016 Studio City Credit Facilities that are secured by common collateral securing the 2016 Studio City Secured Notes will have priority over the 2016 Studio City Secured Notes with respect to any proceeds received upon any enforcement action of such common collateral). The common collateral (shared with the 2016 Studio City Credit Facilities) includes a first-priority mortgage over any rights under the land concession contract of Studio City and an assignment of certain leases or rights to use agreements; as well as other customary security. Each series of the 2016 Studio City Secured Notes is secured by the common collateral and, in addition, certain bank accounts (together with the common collateral, the “Collateral”). All bank accounts of Melco Resorts Macau related solely to the operations of the Studio City Casino are pledged under 2016 Studio City Credit Facilities and related finance documents. In addition, the 2016 Studio City Secured Notes are also separately secured by certain specified bank accounts. At any time prior to November 30, 2018, Studio City Company had the options i) to redeem all or a portion of the 2016 7.250% SC Secured Notes at a “make-whole” redemption price; and ii) to redeem up to 35% of the 2016 7.250% SC Secured Notes with the net cash proceeds of certain equity offerings at a fixed redemption price. Thereafter, Studio City Company has the option to redeem all or a portion of the 2016 7.250% SC Secured Notes at any time at fixed redemption prices that decline ratably over time. At any time prior to November 30, 2019, Studio City Company has the options i) to redeem all or a portion of the 2016 5.875% SC Secured Notes at a “make-whole” redemption price; and ii) to redeem up to 35% of the 2016 5.875% SC Secured Notes with the net cash proceeds of certain equity offerings at a fixed redemption price. Further, under certain circumstances and subject to certain exceptions as more fully described in the indenture governing the 2016 Studio City Secured Notes, Studio City Company also has the option to redeem in whole, but not in part the 2016 Studio City Secured Notes at fixed redemption prices. In the event that the 2012 Studio City Notes were not refinanced or repaid in full by June 1, 2020 in accordance with the terms of the 2016 7.250% SC Secured Notes (and in the case of a refinancing, with refinancing indebtedness with a weighted average life to maturity no earlier than 90 days after the stated maturity date of the 2016 7.250% SC Secured Notes), each holder of the 2016 7.250% SC Secured Notes would have the right to require Studio City Company to repurchase all or any part of such holder’s 2016 7.250% SC Secured Notes at a fixed redemption price. The indenture governing the 2016 Studio City Secured Notes contains certain covenants that, subject to certain exceptions and conditions, limit the ability of Studio City Company, Studio City Investments and their respective restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness and issue certain preferred stock; (ii) make specified restricted payments (including dividends and distribution with respect to shares of Studio City Company) and investments; (iii) prepay or redeem subordinated debt or equity and make payments of principal of the 2012 Studio City Notes; (iv) issue or sell capital stock; (v) transfer, lease or sell assets; (vi) create or incur certain liens; (vii) impair the security interests in the Collateral; (viii) enter into agreements that restrict the restricted subsidiaries’ ability to pay dividends, transfer assets or make intercompany loans; (ix) change the nature of the business of the relevant group; (x) enter into transactions with shareholders or affiliates; and (xi) effect a consolidation or merger. The indenture governing the 2016 Studio City Secured Notes also contains conditions and events of default customary for such financings. There are provisions under the indenture governing the 2016 Studio City Secured Notes that limit or prohibit certain payments of dividends and other distributions by Studio City Company, Studio City Investments and their respective restricted subsidiaries to companies or persons who are not Studio City Company, Studio City Investments and their respective restricted subsidiaries, subject to certain exceptions and conditions. As of December 31, 2018, the net assets of Studio City Investments and its restricted subsidiaries of approximately $1,044,000 were restricted from being distributed under the terms of the 2016 Studio City Secured Notes. (b) Credit Facilities 2016 Studio City Credit Facilities On November 30, 2016, Studio City Company (the “Studio City Borrower”), a subsidiary of the Company, amended and restated the Studio City Borrower’s prior senior secured credit facilities agreement from HK$10,855,880,000 (equivalent to $1,395,357) to HK$234,000,000 (equivalent to $30,077) senior secured credit facilities agreement (the “2016 Studio City Credit Facilities”), comprising a HK$1,000,000 (equivalent to $129) term loan facility (the “2016 SC Term Loan Facility”) and a HK$233,000,000 (equivalent to $29,948) revolving credit facility (the “2016 SC Revolving Credit Facility”). Accordingly, the Group recorded a loss on extinguishment of debt of $17,435 and costs associated with debt modification of $8,101 during the year ended December 31, 2016 in connection with such amendments. As of December 31, 2018, the 2016 SC Term Loan Facility had been fully drawn down with an outstanding amount of HK$1,000,000 (equivalent to $128), and the entire 2016 SC Revolving Credit Facility of HK$233,000,000 (equivalent to $29,752) remains available for future drawdown as of December 31, 2018. The 2016 SC Term Loan Facility and the 2016 SC Revolving Credit Facility mature on November 30, 2021 (December 1, 2021 Hong Kong time). The 2016 SC Term Loan Facility has to be repaid at maturity with no interim amortization payments. The 2016 SC Revolving Credit Facility is available from January 1, 2017 up to the date that is one month prior to the 2016 SC Revolving Credit Facility’s final maturity date. The 2016 SC Term Loan Facility is collateralized by cash collateral equal to HK$1,012,500 (equivalent to $129) (representing the principal amount of the 2016 SC Term Loan Facility plus expected interest expense in respect of the 2016 SC Term Loan Facility for one financial quarter). The Studio City Borrower is subject to mandatory prepayment requirements in respect of various amounts of the 2016 SC Revolving Credit Facility as specified in the 2016 Studio City Credit Facilities; in the event of the disposal of all or substantially all of the business and assets of the Studio City borrowing group which includes the Studio City Borrower and certain of its subsidiaries as defined under the 2016 Studio City Credit Facilities (the “2016 Studio City Borrowing Group”), the 2016 Studio City Credit Facilities are required to be repaid in full. In the event of a change of control, the Studio City Borrower may be required, at the election of any lender under the 2016 Studio City Credit Facilities, to repay such lender in full (other than the principal amount of the 2016 SC Term Loan Facility). The indebtedness under the 2016 Studio City Credit Facilities is guaranteed by Studio City Investments and its subsidiaries (other than the Studio City Borrower). Security for the 2016 Studio City Credit Facilities includes a first-priority mortgage over any rights under the land concession contract of Studio City and an assignment of certain leases or rights to use agreements; as well as other customary security. The 2016 Studio City Credit Facilities contain certain affirmative and negative covenants customary for such financings, as well as affirmative, negative and financial covenants equivalent to those contained in the 2016 Studio City Secured Notes. All bank accounts of Melco Resorts Macau related solely to the operations of the Studio City Casino are pledged under 2016 Studio City Credit Facilities and related finance documents. The 2016 Studio City Credit Facilities are secured, on an equal basis with the 2016 Studio City Secured Notes, by substantially all of the material assets of Studio City Investments and its subsidiaries (although obligations under the 2016 Studio City Credit Facilities that are secured by common collateral securing the 2016 Studio City Secured Notes will have priority over the 2016 Studio City Secured Notes with respect to any proceeds received upon any enforcement action of such common collateral). The 2016 Studio City Credit Facilities contain certain covenants that, subject to certain exceptions and conditions, limit the ability of Studio City Company, Studio City Investments and their respective restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness and issue certain preferred stock; (ii) make specified restricted payments (including dividends and distribution with respect to shares of Studio City Company) and investments; (iii) prepay or redeem subordinated debt or equity and make payments of principal of the 2012 Studio City Notes; (iv) issue or sell capital stock; (v) transfer, lease or sell assets; (vi) create or incur certain liens; (vii) impair the security interests in the Collateral as defined below; (viii) enter into agreements that restrict the restricted subsidiaries’ ability to pay dividends, transfer assets or make intercompany loans; (ix) change the nature of the business of the relevant group; (x) enter into transactions with shareholders or affiliates; and (xi) effect a consolidation or merger. The 2016 Studio City Credit Facilities also contains conditions and events of default customary for such financings. There are provisions that limit certain payments of dividends and other distributions by the 2016 Studio City Borrowing Group to companies or persons who are not members of the 2016 Studio City Borrowing Group. As of December 31, 2018, the net assets of Studio City Investments and its restricted subsidiaries of approximately $1,044,000 were restricted from being distributed under the terms of the 2016 Studio City Credit Facilities. Borrowings under the 2016 Studio City Credit Facilities bear interest at HIBOR plus a margin of 4% per annum. The Studio City Borrower may select an interest period for borrowings under the 2016 Studio City Credit Facilities ranging from one to six months or any other agreed period. The Studio City Borrower is obligated to pay a commitment fee from January 1, 2017 on the undrawn amount of the 2016 SC Revolving Credit Facility and recognized loan commitment fees on the 2016 SC Revolving Credit Facility of $419 and $419 during the years ended December 31, 2018 and 2017, respectively. (c) Borrowing Rates and Scheduled Maturities of Long-term Debt During the years ended December 31, 2018, 2017 and 2016, the Group’s average borrowing rates were approximately 7.50%, 7.52% and 6.33% per annum, respectively. Scheduled maturities of the long-term debt (excluding unamortized deferred financing costs) as of December 31, 2018 are as follows: Year ending December 31, 2019 $ 350,000 2020 425,000 2021 850,128 2022 — 2023 — $ 1,625,128

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	8. FAIR VALUE MEASUREMENTS Authoritative literature provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows: • Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. • Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. The carrying values of cash and cash equivalents, bank deposits with original maturities over three months and restricted cash approximated fair value and were classified as level 1 in the fair value hierarchy. The carrying values of long-term deposits and other long-term liabilities approximated fair value and were classified as level 2 in the fair value hierarchy. The estimated fair value of long-term debt as of December 31, 2018 and 2017, which included the 2012 Studio City Notes, the 2016 Studio City Secured Notes and the 2016 Studio City Credit Facilities, were approximately $1,648,050 and $2,108,138, respectively, as compared to its carrying value, excluding unamortized deferred financing costs, of $1,625,128 and $2,025,129, respectively. Fair values were estimated using quoted market prices and were classified as level 1 in the fair value hierarchy for the 2012 Studio City Notes and the 2016 Studio City Secured Notes. Fair value for the 2016 Studio City Credit Facilities approximated the carrying value as the instrument carried variable interest rates approximated the market rates and was classified as level 2 in the fair value hierarchy. As of December 31, 2018 and 2017, the Group did not have any non-financial

CAPITAL STRUCTURE

CAPITAL STRUCTURE	12 Months Ended
CAPITAL STRUCTURE	Dec. 31, 2018
Text Block [Abstract]
CAPITAL STRUCTURE	9. CAPITAL STRUCTURE As of December 31, 2017, the Company’s authorized share capital was 200,000 shares of $1 par value per share and 18,127.94 ordinary shares were issued and fully paid. In October 2018, in connection with the Organizational Transactions, the Company amended and restated the memorandum and articles of association to, among other things, authorized two classes of ordinary shares, the Class A ordinary shares and the Class B ordinary shares, in each case with a par value of US$0.0001 each. The Company’s authorized share capital of $200 was divided into 2,000,000,000 shares comprising of 1,927,488,240 Class A ordinary shares and 72,511,760 Class B ordinary shares of a par value of $0.0001 each. The 60% equity interest in the Company held directly by MCO Cotai prior to the Organizational Transactions was reclassified into 108,767,640 Class A ordinary shares while the 40% equity interest in the Company held directly by New Cotai prior to the Organizational Transactions was exchanged for 72,511,760 Class B ordinary shares. Each Class A ordinary share and each Class B ordinary share entitles its holder to one vote on all matters to be voted on by shareholders generally and holders of Class A ordinary shares and Class B ordinary shares will vote together as a single class on all matters presented to the shareholders for their vote or approval, except as otherwise required by applicable law or the memorandum of association and articles of association. The Class A ordinary shares and the Class B ordinary shares have the same rights, except that holders of the Class B ordinary shares only have voting and no economic rights to receive dividends or distribution upon the liquidation or winding up of the Company. In addition, pursuant to the terms of the Participation Agreement, New Cotai has a non-voting, non-shareholding On October 22, 2018, the Company completed the Offering of 28,750,000 ADSs, representing 115,000,000 Class A ordinary shares, and together with the concurrent private placement of 800,376 Class A ordinary shares to Melco International to effect an assured entitlement distribution, a total of 115,800,376 Class A ordinary shares were issued with gross proceeds amounting to $361,876 and offering expenses of $16,573. On November 19, 2018, pursuant to the full exercise by the underwriters of the over-allotment option, the Company issued an additional 4,312,500 ADSs, representing 17,250,000 Class A ordinary shares with gross proceeds amounting to $53,906. As of December 31, 2018, the Company had 241,818,016 Class A ordinary shares and 72,511,760 Class B ordinary shares issued and outstanding. For the preparation of the accompanying consolidated financial statements, the Company has retrospectively presented the share capital as if the Organizational Transactions had occurred at the beginning of the earliest period presented. Such retrospective presentation reflects the redesignation of the then issued 18,127.94 ordinary shares of $1 par value each into 181,279,400 Class A ordinary shares of $0.0001 par value each. Further information is included in Note 2(s).

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES Loss before income tax consisted of: Year Ended December 31, 2018 2017 2016 Macau operations $ 137,918 $ 83,201 $ (50,983 ) Hong Kong and other jurisdictions operations (158,119 ) (159,877 ) (191,332 ) Loss before income tax $ (20,201 ) $ (76,676 ) $ (242,315 ) The income tax expense (credit) consisted of: Year Ended December 31, 2018 2017 2016 Under provision of income taxes in prior years: Macau Complementary Tax $ 86 $ — $ — Income tax expense (credit) - deferred: Macau Complementary Tax 458 (239 ) 474 Total income tax expense (credit) $ 544 $ (239 ) $ 474 A reconciliation of the income tax expense (credit) from loss before income tax per the consolidated statements of operations is as follows: Year Ended December 31, 2018 2017 2016 Loss before income tax $ (20,201 ) $ (76,676 ) $ (242,315 ) Macau Complementary Tax rate 12 % 12 % 12 % Income tax credit at Macau Complementary Tax rate (2,424 ) (9,201 ) (29,078 ) Under provision in prior years 86 — — Effect of income for which no income tax expense is payable (177 ) — (1 ) Effect of expenses for which no income tax benefit is receivable 20,001 20,190 23,820 Effect of profits exempted from Macau Complementary Tax (35,698 ) (29,833 ) (11,890 ) Changes in valuation allowances 18,756 18,605 17,623 $ 544 $ (239 ) $ 474 The Company and certain of its subsidiaries are exempt from tax in the Cayman Islands or BVI, where they are incorporated. The Company’s remaining subsidiaries incorporated in Macau and Hong Kong are subject to Macau Complementary Tax and Hong Kong Profits Tax, respectively, during the years ended December 31, 2018, 2017 and 2016. Macau Complementary Tax and Hong Kong Profits Tax are provided at 12% and 16.5% on the estimated taxable income earned in or derived from Macau and Hong Kong, respectively, during the years ended December 31, 2018, 2017 and 2016, if applicable. One of the Company’s subsidiaries in Macau has been exempted from Macau Complementary Tax on profits generated from income received from Melco Resorts Macau under the Services and Right to Use Arrangements until 2016, to the extent that such income is derived from Studio City gaming operations and has been subject to gaming tax pursuant to a notice issued by the Macau Government in January 2015. Additionally, this subsidiary received an exemption for an additional five years from 2017 to 2021 pursuant to the approval notice issued by the Macau Government in January 2017. The non-gaming During the years ended December 31, 2018 and 2017, had the Group not received the income tax exemption on profits generated from income received from Melco Resorts Macau under the Services and Right to Use Arrangements, the Group’s consolidated net loss attributable to Studio City International Holdings Limited for the years ended December 31, 2018, 2017 and 2016 would have been increased by $33,835, $29,833 and $11,890, and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share would have been increased by $0.177, $0.165 and $0.066 per share, respectively. The effective tax rates for the years ended December 31, 2018, 2017 and 2016 were (2.7)%, 0.3% and (0.2)%, respectively. Such rates differ from the statutory Macau Complementary Tax rate of 12% primarily due to the effect of expenses for which no income tax benefits are receivable, the effect of profits exempted from Macau Complementary Tax and the effect of changes in valuation allowances for the years ended December 31, 2018, 2017 and 2016. The net deferred tax liabilities as of December 31, 2018 and 2017 consisted of the following: December 31, 2018 2017 Deferred tax assets Net operating losses carried forward $ 44,237 $ 48,751 Depreciation and amortization 14,101 9,690 Deferred deductible expenses — 1,052 Sub-total 58,338 59,493 Valuation allowances (58,338 ) (59,493 ) Total deferred tax assets — — Deferred tax liabilities Unrealized capital allowances (1,044 ) (588 ) Total deferred tax liabilities (1,044 ) (588 ) Deferred tax liabilities, net $ (1,044 ) $ (588 ) As of December 31, 2018 and 2017, valuation allowances of $58,338 and $59,493 were provided, respectively, as management believes it is more likely than not that these deferred tax assets will not be realized. As of December 31, 2018, adjusted operating tax losses carry forward, amounting to $123,213, $111,216 and $134,220 will expire in 2019, 2020 and 2021, respectively. Adjusted operating tax losses carried forward of $168,434 expired during the year ended December 31, 2018. Deferred tax, where applicable, is provided under the asset and liability method at the enacted statutory income tax rate of the respective tax jurisdictions, applicable to the respective financial years, on the difference between the consolidated financial statements carrying amounts and income tax base of assets and liabilities. Undistributed earnings of a foreign subsidiary of the Company available for distribution to the Company of approximately $631,174 and $337,024 as at December 31, 2018 and 2017, respectively, are considered to be indefinitely reinvested. Accordingly, no provision has been made for the dividend withholding taxes that would be payable upon the distribution of those amounts to the Company. If those earnings were to be distributed or they were determined to be no longer permanently reinvested, the Company would have to record a deferred income tax liability in respect of those undistributed earnings of approximately $75,741 and $40,443 as at December 31, 2018 and 2017, respectively. An evaluation of the tax positions for recognition was conducted by the Group by determining if the weight of available evidence indicates it is more likely than not that the positions will be sustained on audit, including resolution of related appeals or litigation processes, if any. Uncertain tax benefits associated with the tax positions were measured based solely on the technical merits of being sustained on examinations. The Group concluded that there were no significant uncertain tax positions requiring recognition in the consolidated financial statements for the years ended December 31, 2018, 2017 and 2016 and there are no material unrecognized tax benefits which would favorably affect the effective income tax rates in future periods. As of December 31, 2018 and 2017, there were no interest and penalties related to uncertain tax positions recognized in the consolidated financial statements. The Group does not anticipate any significant increases or decreases to its liability for unrecognized tax benefits within the next twelve months. Income tax returns of the Company’s subsidiaries remain open and subject to examination by the tax authorities of Macau and Hong Kong until the statute of limitations expire in each corresponding jurisdiction. The statute of limitations in Macau and Hong Kong are five years and six years, respectively.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Dec. 31, 2018
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	11. EMPLOYEE BENEFIT PLANS The Group provides defined contribution plans for its employees in Macau. Certain executive officers of the Group are members of defined contribution plan in Hong Kong operated by Melco. During the years ended December 31, 2018, 2017 and 2016, the Group’s contributions into these plans were $(324), $85 and $11, respectively.

DISTRIBUTION OF PROFITS

DISTRIBUTION OF PROFITS	12 Months Ended
DISTRIBUTION OF PROFITS	Dec. 31, 2018
Text Block [Abstract]
DISTRIBUTION OF PROFITS	12. DISTRIBUTION OF PROFITS All subsidiaries of the Company incorporated in Macau are required to set aside a minimum of 25% of the entity’s profit after taxation to the legal reserve until the balance of the legal reserve reaches a level equivalent to 50% of the entity’s share capital in accordance with the provisions of the Macau Commercial Code. The legal reserve sets aside an amount from the subsidiaries’ statements of operations and is not available for distribution to the shareholders of the subsidiaries. The appropriation of legal reserve is recorded in the subsidiaries’ financial statements in the year in which it is approved by the board of directors of the relevant subsidiaries. As of December 31, 2018 and 2017, the balance of the reserve amounted to $6 and $6, respectively. The Group’s borrowings, subject to certain exceptions and conditions, contain certain restrictions on paying dividends and other distributions, as defined in the respective indentures governing the relevant senior notes, credit facility agreements and other associated agreements, details of which are disclosed in Note 7 under each of the respective borrowings. During the years ended December 31, 2018, 2017 and 2016, the Company did not declare or pay any cash dividends on the ordinary shares. No dividends have been proposed since the end of the reporting period.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	13. COMMITMENTS AND CONTINGENCIES (a) Capital Commitments As of December 31, 2018, the Group had capital commitments contracted for but not incurred for the construction and acquisition of property and equipment for Studio City totaling $38,696. (b) Operating Lease Commitments Lessor Arrangements The Group entered into non-cancellable As of December 31, 2018, minimum future fees to be received under all non-cancellable Year ending December 31, 2019 $ 19,127 2020 12,691 2021 2,912 2022 151 2023 151 Over 2023 433 $ 35,465 The total minimum future fees do not include the escalated contingent fee clauses. During the years ended December 31, 2018, 2017 and 2016, the Group earned contingent fees of $9,301, $10,216 and $9,732, respectively. (c) Other Commitment Land Concession Contract One of the Company’s subsidiaries has entered into a concession contract for the land in Macau on which Studio City is located (“Studio City Land”). The title to the land lease right is obtained once the related land concession contract is published in the Macau official gazette. The contract has a term of 25 years, which is renewable for further consecutive periods of 10 years, subject to applicable legislation in Macau. The Company’s land holding subsidiary is required to i) pay an upfront land premium, which is recognized as a land use right in the consolidated balance sheets and an annual government land use fee, which is recognized as general and administrative expense and may be adjusted every five years; and ii) place a guarantee deposit upon acceptance of the land lease terms, which is subject to adjustments from time to time in line with the amounts paid as annual land use fee. During the land concession term, amendments may be sought which may result in revisions to the development conditions, land premium and government land use fees. On September 23, 2015, the Macau Government published in the Macau official gazette the final amendment for revision of the land concession contract for Studio City Land. According to the revised land amendment, the government land use fees were approximately $490 per annum during the development period of Studio City; and approximately $1,100 per annum after the development period. In February 2018, the Macau Government granted an extension of the development period under the land concession contract for Studio City Land to July 24, 2021. As of December 31, 2018, the Group’s total commitment for government land use fees for the Studio City site to be paid during the initial term of the land concession contract which expires in October 2026 was $8,226. (d) Guarantee Except as disclosed in Note 7, the Group has made the following significant guarantee as of December 31, 2018: Trade Credit Facility In October 2013, one of the Company’s subsidiaries entered into a trade credit facility agreement for HK$200,000,000 (equivalent to $25,538) (“Trade Credit Facility”) with a bank to meet certain payment obligations of the Studio City project. The Trade Credit Facility which matured on August 31, 2017 was further extended to August 31, 2019, and is guaranteed by Studio City Company. As of December 31, 2018, approximately $638 of the Trade Credit Facility had been utilized. (e) Litigation As of December 31, 2018, the Group is a party to certain legal proceedings which relate to matters arising out of the ordinary course of its business. Management believes that the outcome of such proceedings would have no material impact on the Group’s consolidated financial statements as a whole.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	14. RELATED PARTY TRANSACTIONS During the years ended December 31, 2018, 2017 and 2016, the Group entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2018 2017 2016 Transactions with affiliated companies Melco and its subsidiaries Revenues (services provided by the Group): Provision of gaming related services $ 339,924 $ 295,638 $ 151,597 Rooms and food and beverage (1) 89,862 82,862 71,688 Services fee (2) 39,126 39,971 51,842 Entertainment (1) 1,191 1,328 5,465 Costs and expenses (services provided to the Group): Staff costs recharges (3) 92,214 98,622 111,327 Corporate services (4) 33,256 33,453 34,131 Pre-opening 12,498 11,043 13,188 Staff and related costs capitalized in construction in progress 3,617 1,504 3,183 Purchases of goods and services 310 312 303 Sale and purchase of assets: Transfer-in 15,246 2,584 11,150 Purchases of property and equipment (5) 41 282 457 Sale of property and equipment and other long-term assets 9,112 1,667 7,752 Year Ended December 31, Related companies Nature of transactions 2018 2017 2016 Transactions with affiliated companies - A joint venture and a subsidiary of MECOM Power and Construction Limited (“MECOM”) (6) Costs and expenses (services provided to the Group): Consultancy fee $ 2,878 $ 568 $ — Purchase of assets: Construction and renovation work performed and recognized as property and equipment 3,741 5,101 — Notes (1) These revenues primarily represented the retail values (before the adoption of the New Revenue Standard) or standalone selling prices (upon the adoption of the New Revenue Standard) of the complimentary services (including rooms, food and beverage and entertainment services) provided to Studio City Casino’s gaming patrons and charged to Melco Resorts Macau. For the years ended December 31, 2018, 2017 and 2016, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $91,053, $84,190, and $77,153, respectively, of which $81,267, $74,326, and $61,784 related to Studio City Casino’s gaming patrons and $9,786, $9,864 and $15,369 related to non-Studio (2) Services provided by the Group to Melco and its subsidiaries mainly include, but are not limited to, certain shared administrative services and shuttle bus transportation services provided to Studio City Casino. (3) Staff costs are recharged by Melco and its subsidiaries for staff who are solely dedicated to Studio City to carry out activities, including food and beverage management, retail management, hotel management, entertainment projects, mall development and sales and marketing activities and staff costs for certain shared administrative services. (4) Corporate services are provided to the Group by Melco and its subsidiaries. These services include, but are not limited to, general corporate services and senior executive management services for operational purposes. (5) During the year ended December 31, 2016, certain property and equipment with nil aggregate carrying amounts were purchased from an affiliated company at a total consideration of $139 and the Group recognized a loss on purchase of property and equipment of $139 as additional paid-in (6) A company in which Mr. Lawrence Yau Lung Ho, the Company’s director, has a shareholding interest of approximately 20%. Commitments with Related Parties As of December, 31, 2018, the Group had capital commitments contracted but not incurred with a joint venture and a subsidiary of MECOM mainly for the construction for Studio City totaling $1,883. (a) Amounts Due from Affiliated Companies The outstanding balances mainly arising from operating income or prepayment of operating expenses as of December 31, 2018 and 2017, are unsecured, non-interest December 31, 2018 2017 Melco’s subsidiaries $ 42,338 $ 37,826 Others 1 — $ 42,339 $ 37,826 (b) Amounts Due to Affiliated Companies The outstanding balances mainly arising from construction and renovation work performed and operating expenses as of December 31, 2018 and 2017, are unsecured, non-interest December 31, 2018 2017 Melco and its subsidiaries $ 18,543 $ 17,168 A joint venture and a subsidiary of MECOM 3,410 2,302 Others — 38 $ 21,953 $ 19,508

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	15. SEGMENT INFORMATION The Group’s principal operating activities are engaged in the hospitality business and provision of gaming related services in Macau. The Group monitors its operations and evaluates earnings by reviewing the assets and operations of Studio City as one operating segment. Accordingly, the Group does not present separate segment information. As of December 31, 2018 and 2017, the Group operated in one geographical area, Macau, where it derives its revenue and its long-lived assets are located.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS (a) In January 2019, Melco Resorts Macau informed the Group that it will cease VIP rolling chip operations at the Studio City Casino on January 15, 2020. (b) On January 22, 2019, Studio City Finance initiated a conditional tender offer (the “Conditional Tender Offer”) to purchase the outstanding 2012 Studio City Notes in aggregate principal amount of $425,000, with accrued interest. The Conditional Tender Offer was conditional upon sufficient funding from completion of one or more debt financing transactions, together with cash on hand. The Conditional Tender Offer expired on February 4, 2019 with $216,534 aggregate principal amount of the 2012 Studio City Notes tendered. (c) On February 11, 2019, Studio City Finance issued $600,000 in aggregate principal amount of 7.250% senior notes due 2024 and priced at 100% (the “2019 Studio City Notes”). The net proceeds from the 2019 Studio City Notes were partly used to fund the Conditional Tender Offer, and to redeem in full the remaining outstanding 2012 Studio City Notes in aggregate principal amount of $208,466, with accrued interest on March 13, 2019. All of the existing subsidiaries of Studio City Finance and any other future restricted subsidiaries as defined in the 2019 Studio City Notes are guarantors to guarantee the indebtedness under the 2019 Studio City Notes. In preparing the consolidated financial statements, the Group has evaluated events and transactions for potential recognition and disclosure through March 29, 2019, the date the consolidated financial statements were available to be issued.

ADDITIONAL INFORMATION - FINANC

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2018
Parent Company [Member]
ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY	STUDIO CITY INTERNATIONAL HOLDINGS LIMITED FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED BALANCE SHEETS (In thousands of U.S. dollars, except share and per share data) December 31, 2018 2017 ASSETS CURRENT ASSETS Cash and cash equivalents $ 5,970 $ 14 Bank deposit with original maturity over three months — 5,000 Restricted cash — 21,703 Amounts due from subsidiaries 1 129 Prepaid expenses and other current assets — 24 Total current assets 5,971 26,870 INVESTMENTS IN SUBSIDIARIES 843,472 491,284 LOAN TO A SUBSIDIARY — 225,000 OTHER LONG-TERM ASSETS — 4,270 TOTAL ASSETS $ 849,443 $ 747,424 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accrued expenses and other current liabilities $ 5,925 $ 4,302 Amounts due to affiliated companies — 70 Amounts due to subsidiaries 46 3,009 Total current liabilities 5,971 7,381 TOTAL LIABILITIES 5,971 7,381 SHAREHOLDERS’ EQUITY Class A ordinary shares, par value $0.0001; 1,927,488,240 shares authorized; 241,818,016 and 181,279,400 shares issued and outstanding 24 18 Class B ordinary shares, par value $0.0001; 72,511,760 shares authorized; 72,511,760 and nil shares issued and outstanding 7 — Additional paid-in 1,655,602 1,512,705 Accumulated other comprehensive (loss) income (14,063 ) 488 Accumulated losses (798,098 ) (773,168 ) Total shareholders’ equity 843,472 740,043 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 849,443 $ 747,424 STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF OPERATIONS (In thousands of U.S. dollars) Year Ended December 31, 2018 2017 2016 REVENUE $ — $ — $ — OPERATING COSTS AND EXPENSES General and administrative (133 ) (412 ) (174 ) Property charges and other — — (852 ) Total operating costs and expenses (133 ) (412 ) (1,026 ) OPERATING LOSS (133 ) (412 ) (1,026 ) NON-OPERATING Interest income 102 129 17 Foreign exchange gains, net 616 — — Share of results of subsidiaries (22,183 ) (76,154 ) (241,780 ) Total non-operating (21,465 ) (76,025 ) (241,763 ) LOSS BEFORE INCOME TAX (21,598 ) (76,437 ) (242,789 ) INCOME TAX EXPENSE — — — NET LOSS $ (21,598 ) $ (76,437 ) $ (242,789 ) STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (In thousands of U.S. dollars) Year Ended December 31, 2018 2017 2016 Net loss $ (21,598 ) $ (76,437 ) $ (242,789 ) Other comprehensive (loss) income: Foreign currency translation adjustments, before and after tax (14,551 ) — — Changes in fair values of interest rate swap agreements, before and after tax — — 61 Other comprehensive (loss) income (14,551 ) — 61 Total comprehensive loss $ (36,149 ) $ (76,437 ) $ (242,728 ) STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS (In thousands of U.S. dollars) Year Ended December 31, 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Net cash used in operating activities $ (2,346 ) $ (321 ) $ (1,142 ) CASH FLOWS FROM INVESTING ACTIVITIES Advances to subsidiaries (423,553 ) (6 ) (2,088 ) Withdrawal of bank deposit with original maturity over three months 5,000 — — Placement of bank deposit with original maturity over three months — (5,000 ) — Net cash used in investing activities (418,553 ) (5,006 ) (2,088 ) CASH FLOW FROM A FINANCING ACTIVITY Net proceeds from issuance of share capital 405,152 — — Cash provided by a financing activity 405,152 — — NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (15,747 ) (5,327 ) (3,230 ) CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 21,717 27,044 30,274 CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR $ 5,970 $ 21,717 $ 27,044 NON-CASH Offering expenses capitalized for the issuance of share capital included in accrued expenses and other current liabilities $ 5,943 $ — $ — RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONDENSED BALANCE SHEETS December 31, 2018 2017 Cash and cash equivalents $ 5,970 $ 14 Restricted cash — 21,703 Total cash, cash equivalents and restricted cash $ 5,970 $ 21,717 S

SCHEDULE 1 - FINANCIAL INFORMAT

SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY ADDITIONAL INFORMATION	12 Months Ended
	Dec. 31, 2018
Parent Company [Member]
SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY ADDITIONAL INFORMATION	ADDITIONAL INFORMATION—FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY NOTES TO CONDENSED FINANCIAL STATEMENT SCHEDULE 1 (In thousands of U.S. dollars, except share and per share data) 1. Schedule 1 has been provided pursuant to the requirements of Rule 12-04(a) 4-08(e)(3) S-X,

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2018
Basis of Presentation	Basis of Presentation and Principles of Consolidation On May 11, 2007, one of the Company’s subsidiaries and Melco Resorts Macau entered into a services and right to use agreement, as amended on June 15, 2012, together with related agreements (together, the “Services and Right to Use Arrangements”). Under these arrangements, Melco Resorts Macau deducts gaming tax and the costs of operation of Studio City Casino. The Group receives the residual gross gaming revenues and recognizes these amounts as revenues from provision of gaming related services. In December 2015, certain of the Company’s subsidiaries entered into a master services agreement and related work agreements (collectively, the “Management and Shared Services Arrangements”) with certain of Melco’s subsidiaries with respect to services provided to and from Studio City. Under the Management and Shared Services Arrangements, certain of the corporate and administrative functions as well as operational activities of the Group are administered by staff employed by certain Melco’s subsidiaries, including senior management services, centralized corporate functions and operational and venue support services. Payment arrangements for the services are provided for in the individual work agreements and may vary depending on the services provided. Corporate services are charged at pre-negotiated The Group believes the costs incurred under the Services and Right to Use Arrangements and the allocation methods under the Management and Shared Services Arrangements are reasonable and the consolidated financial statements reflect the Group’s cost of doing business. However, such allocations may not be indicative of the actual expenses the Group would have incurred had it operated as an independent company for the periods presented. Details of the services and related charges are disclosed in Note 14. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation. Effective January 1, 2018, the Group adopted the accounting standards update on the classification and presentation of restricted cash in the statement of cash flows, using the retrospective method, and the updated classification and presentation are reflected for the years presented in the consolidated statements of cash flows. Details of the adoption of this guidance are disclosed in Note 2(v).
Use of Estimates	(b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Group and on various other assumptions that the Group believes to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates.
Fair Value of Financial Instruments	(c) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The Group estimated the fair values using appropriate valuation methodologies and market information available as of the balance sheet date.
Cash and Cash Equivalents	(d) Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments with original maturities of three months or less. Cash equivalents are placed with financial institutions with high-credit ratings and quality.
Restricted Cash	(e) Restricted Cash The current portion of restricted cash represents cash deposited into bank accounts which are restricted as to withdrawal and use and the Group expects these funds will be released or utilized in accordance with the terms of the respective agreements within the next twelve months, while the non-current
Accounts Receivable and Credit Risk	(f) Accounts Receivable and Credit Risk Accounts receivable, including hotel and other receivables, are typically non-interest
Inventories	(g) Inventories Inventories consist of retail merchandise, food and beverage items and certain operating supplies, which are stated at the lower of cost or net realizable value. Cost is calculated using the first-in, first-out,
Property and Equipment	(h) Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and impairment losses, if any. Gains or losses on dispositions of property and equipment are included in the consolidated statements of operations. Major additions, renewals and betterments are capitalized, while maintenance and repairs are expensed as incurred. During the construction and development stage of Studio City, direct and incremental costs related to the design and construction, including costs under the construction contracts, duties and tariffs, equipment installation, shipping costs, payroll and payroll-benefit related costs, applicable portions of interest and amortization of deferred financing costs, are capitalized in property and equipment. The capitalization of such costs begins when the construction and development of a project starts and ceases once the construction is substantially completed or development activity is suspended for more than a brief period. Depreciation and amortization expense related to capitalized construction costs and other property and equipment is recognized from the time each asset is placed in service. This may occur at different stages as Studio City’s facilities are completed and opened. Property and equipment are depreciated and amortized over the following estimated useful lives on a straight-line basis: Buildings 4 to 40 years Furniture, fixtures and equipment 2 to 15 years Leasehold improvements 4 to 10 years or over the lease term, whichever is shorter Motor vehicles 5 years
Other Long-term Assets	(i) Other Long-term Assets Other long-term assets, represent the payments for the future economic benefits of certain plant and equipment for the operations of the Studio City Casino transferred from Melco Resorts Macau to the Group pursuant to the Services and Right to Use Arrangements (the “Studio City Gaming Assets”), are stated at cost, net of accumulated amortization, and impairment losses, if any. The legal ownerships of the Studio City Gaming Assets are retained by Melco Resorts Macau. An item of the Studio City Gaming Assets is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of an item of the Studio City Gaming Assets. Any gain or loss arising on the disposal or retirement of an item of the Studio City Gaming Assets is determined as the difference between the sale proceeds and the carrying amount of an item of the Studio City Gaming Assets and is recognized in the consolidated statements of operations. Amortization is recognized so as to write off the cost of the Studio City Gaming Assets using straight-line method over the respective estimated useful lives of the Studio City Gaming Assets, ranging from 2 to 10 years.
Capitalized Interest	(j) Capitalized Interest Interest, including amortization of deferred financing costs, associated with major development and construction projects is capitalized and included in the cost of the project. The capitalization of interest ceases when the project is substantially completed or the development activity is suspended for more than a brief period. The amount to be capitalized is determined by applying the weighted average interest rate of the Group’s outstanding borrowings to the average amount of accumulated qualifying capital expenditures for assets under construction during the year. Total interest expenses incurred amounted to $160,508, $159,918 and $159,236, of which no interest expenses were capitalized during the years ended December 31, 2018, 2017 and 2016, respectively.
Impairment of Long-lived Assets	(k) Impairment of Long-lived Assets The Group evaluates the long-lived assets with finite lives to be held and used for impairment whenever indicators of impairment exist. The Group then compares the estimated future cash flows of the assets, on an undiscounted basis, to the carrying values of the assets. If the undiscounted cash flows exceed the carrying values, no impairments are indicated. If the undiscounted cash flows do not exceed the carrying values, then an impairment charge is recorded based on the fair values of the assets, typically measured using a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs. During the year ended December 31, 2017, impairment loss of $19,645 was recognized, mainly due to reconfigurations and renovations at Studio City, and included in the consolidated statements of operations. No impairment loss was recognized during the years ended December 31, 2018 and 2016.
Deferred Financing Costs	(l) Deferred Financing Costs Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized to interest expenses over the terms of the related debt agreements using the effective interest method. Deferred financing costs incurred in connection with the issuance of revolving credit facilities are included in long-term prepayments, deposits and other assets in the consolidated balance sheets. All other deferred financing costs are presented as a reduction of long-term debt in the consolidated balance sheets.
Land Use Right	(m) Land Use Right Land use right is recorded at cost less accumulated amortization. Amortization is provided over the estimated term of the land use right of 40 years on a straight-line basis.
Revenue Recognition	(n) Revenue Recognition On January 1, 2018, the Group adopted Accounting Standards Codification 606, Revenue from Contracts with Customers Revenues from provision of gaming related services represent revenues arising from the provision of facilities for the operations of Studio City Casino and services related thereto pursuant to the Services and Right to Use Arrangements, under which Melco Resorts Macau operates the Studio City Casino. Melco Resorts Macau deducts gaming tax and the costs incurred in connection with the operations of Studio City Casino pursuant to the Services and Right to Use Arrangements, including the standalone selling prices of complimentary services within Studio City provided to the Studio City gaming patrons, from the Studio City Casino gross gaming revenues. The Group recognizes the residual amount as revenues from provision of gaming related services. The Group has concluded that it is not the controlling entity to the arrangements and recognizes the revenues from provision of gaming related services on a net basis. Non-gaming Minimum operating and right to use fees representing lease revenues, adjusted for contractual base fees and operating fee escalations, are included in mall revenues and are recognized over the terms of the related agreements on a straight-line basis. Contract and Contract-Related Liabilities In providing goods and services to its customers, there may be a timing difference between cash receipts from customers and recognition of revenues, resulting in a contract or contract-related liability. The Group’s primary type of liabilities related to contracts with customers is advance deposits on rooms and advance ticket sales which represent cash received in advance for goods or services to be provided in the future. These amounts are included in accrued expenses and other current liabilities on the consolidated balance sheets and will be recognized as revenues when the goods or services are provided or the events are held. Decreases in this balance generally represent the recognition of revenues and increases in the balance represent additional deposits made by customers. The deposits are expected to primarily be recognized as revenues within one year. Advance customer deposits and ticket sales of $4,380 as of December 31, 2018 decreased by $29 from the balance of $4,409 as of January 1, 2018. The major changes from the previous basis, as a result of the adoption of the new revenue standard are summarized in Note 2(v).
Pre-opening Costs	(o) Pre-opening Pre-opening start-up pre-opening one-off
Advertising and Promotional Costs	(p) Advertising and Promotional Costs The Group expenses advertising and promotional costs the first time the advertising takes place or as incurred. Advertising and promotional costs included in the accompanying consolidated statements of operations were $28,009, $23,854 and $20,989 for the years ended December 31, 2018, 2017 and 2016, respectively.
Foreign Currency Transactions and Translations	(q) Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of the Company and its subsidiaries during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the consolidated statements of operations. The functional currencies of the Company and its subsidiaries are the United States dollar (“$” or “US$”), the Hong Kong dollar (“HK$”) or the Macau Pataca, respectively. All assets and liabilities are translated at the rates of exchange prevailing at the balance sheet date and all income and expense items are translated at the average rates of exchange over the year. All exchange differences arising from the translation of subsidiaries’ financial statements are recorded as a component of comprehensive loss.
Income Tax	(r) Income Tax The Group is subject to income taxes in Macau and Hong Kong where it operates. Deferred income taxes are recognized for all significant temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. The Group’s income tax returns are subject to examination by tax authorities in the jurisdictions where it operates. The Group assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. These accounting standards utilize a two-step
Net Loss Attributable to Studio City International Holdings Limited Per Class A Ordinary Share	(s) Net Loss Attributable to Studio City International Holdings Limited Per Class A Ordinary Share Basic net loss attributable to Studio City International Holdings Limited per Class A ordinary share is calculated by dividing the net loss attributable to Studio City International Holdings Limited by the weighted average number of Class A ordinary shares outstanding during the year. Diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share is calculated by dividing the net loss attributable to Studio City International Holdings Limited by the weighted average number of Class A ordinary shares outstanding during the year adjusted to include the number of additional Class A ordinary shares that would have been outstanding if potential dilutive securities had been issued and the if-converted Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share does not include Class B ordinary share as such share do not participate in the loss of the Company. As a result, Class B ordinary share are not considered participating securities and are not included in the weighted average share outstanding for purposes of computing net loss attributable to Studio City International Holdings Limited per share. For the calculation of net loss attributable to Studio City International Holdings Limited per Class A ordinary share for periods prior to the Offering, including the year ended December 31, 2018 for which a portion of the period preceded the Offering, the Company has retrospectively presented net loss attributable to Studio City International Holdings Limited per Class A ordinary share and the share capital as if the Organizational Transactions had occurred at the beginning of the earliest period presented. Such retrospective presentation reflects the redesignation of the then issued 18,127.94 ordinary shares of $1 par value each into 181,279,400 Class A ordinary shares of $0.0001 par value each. For periods prior to the Offering date, the retrospective presentation does not include the exchange of 72,511,760 Class A ordinary shares into 72,511,760 Class B ordinary shares of $0.0001 par value each and the issuance of 115,000,000 Class A ordinary shares in the Offering.
Accounting for Derivative Instruments and Hedging Activities	(t) Accounting for Derivative Instruments and Hedging Activities The Group uses derivative financial instruments such as floating-for-fixed
Comprehensive Loss and Accumulated Other Comprehensive (Loss) Income	(u) Comprehensive Loss and Accumulated Other Comprehensive (Loss) Income Comprehensive loss includes net loss, foreign currency translation adjustments and changes in fair values of interest rate swap agreements and is reported in the consolidated statements of comprehensive loss. As of December 31, 2018 and 2017, the Group’s accumulated other comprehensive (loss) income consisted solely of foreign currency translation adjustment.
Recent Changes in Accounting Standards	(v) Recent Changes in Accounting Standards Newly Adopted Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (as subsequently amended) which outlines a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance (“New Revenue Standard”). The core principle of this new revenue recognition model is that an entity should recognize revenues to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled in exchange for those goods or services. This update also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows arising from an entity’s contracts with customers. On January 1, 2018, the Group adopted the New Revenue Standard using the modified retrospective method applying to those contracts not yet completed as of January 1, 2018. The Group recognized the cumulative effect of adopting the New Revenue Standard as an adjustment to the opening balance of accumulated losses. Amounts for the periods beginning on or after January 1, 2018 are presented under the New Revenue Standard, while prior period amounts are not adjusted and continue to be reported in accordance with the previous basis. The major changes as a result of the adoption of the New Revenue Standard are as follows: (1) Complimentary services provided to Studio City Casino’s gaming patrons are deducted from the gross gaming revenues and are measured based on stand-alone selling prices under the New Revenue Standard, replacing the previously used retail values. The non-gaming non-gaming (2) The New Revenue Standard changes the measurement basis for the non-discretionary non-discretionary non-discretionary non-gaming The amounts of affected financial statement line items for the current period before and after the adoption of the New Revenue Standard are as follows: Year Ended December 31, 2018 Statement of Operations Balances Balances Effect of Operating Revenues Provision of gaming related services $ 339,924 $ 340,091 $ (167 ) Rooms 88,317 87,657 660 Food and beverage 65,904 65,512 392 Entertainment 12,073 13,125 (1,052 ) Net income attributable to participation interest 853 861 (8 ) Net loss attributable to Studio City International Holdings Limited 21,598 21,439 159 Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share 0.113 0.112 0.001 As at December 31, 2018 Balance Sheet Balances Balances Effect of Current Assets Amounts due from affiliated companies $ 42,339 $ 45,838 $ (3,499 ) Shareholders’ Equity and Participation Interest Additional paid-in $ 1,655,602 $ 1,654,833 $ 769 Accumulated losses 798,098 794,607 3,491 Participation interest 252,929 253,706 (777 ) In August 2016, the FASB issued an accounting standards update which amended the guidance on the classification of certain cash receipts and payments in the statement of cash flows. The guidance was effective as of January 1, 2018 and the Group adopted this new guidance on a retrospective basis. The adoption of this guidance did not have a material impact on the Group’s consolidated financial statements. In November 2016, the FASB issued an accounting standards update which amended and clarified the guidance on the classification and presentation of restricted cash in the statement of cash flows. The guidance required that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. Accordingly, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period end-of-period Recent Accounting Pronouncement Not Yet Adopted: In February 2016, the FASB issued an accounting standards update on leases, which amends various aspects of existing accounting guidance for leases. The guidance requires all lessees to recognize a lease liability and a right-of-use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The guidance is effective for interim and fiscal years beginning after December 15, 2018, with early adoption permitted. In July 2018, the FASB issued an accounting standards update which provides entities with an additional transition method to adopt the new leases standard. The amendments also provide lessors with a practical expedient to not separate non-lease components from the associated lease components if certain conditions are met. The Group has adopted this guidance using the modified retrospective method, recognizing the cumulative effect of initially applying the guidance at the date of initial application on January 1, 2019. The Group has elected the package of practical expedients, which allows the Group not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any existing leases as of the adoption date. While the Group is currently assessing the quantitative impact the guidance will have on its consolidated financial statements and related disclosures, the Group expects the most significant changes will be related to the recognition of right-of-use assets and lease liabilities for operating leases on the Group’s consolidated balance sheet, with no material impact to net income or cash flows.
Parent Company [Member]
Basis of Presentation	2. Basis of Presentation The condensed financial information has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company has used equity method to account for its investments in subsidiaries.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property and Equipment	Property and equipment are depreciated and amortized over the following estimated useful lives on a straight-line basis: Buildings 4 to 40 years Furniture, fixtures and equipment 2 to 15 years Leasehold improvements 4 to 10 years or over the lease term, whichever is shorter Motor vehicles 5 years
Summary of Affected Financial Statement Line Items for the Current Period Before and After the Adoption of the New Revenue Standard	The amounts of affected financial statement line items for the current period before and after the adoption of the New Revenue Standard are as follows: Year Ended December 31, 2018 Statement of Operations Balances Balances Effect of Operating Revenues Provision of gaming related services $ 339,924 $ 340,091 $ (167 ) Rooms 88,317 87,657 660 Food and beverage 65,904 65,512 392 Entertainment 12,073 13,125 (1,052 ) Net income attributable to participation interest 853 861 (8 ) Net loss attributable to Studio City International Holdings Limited 21,598 21,439 159 Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share 0.113 0.112 0.001 As at December 31, 2018 Balance Sheet Balances Balances Effect of Current Assets Amounts due from affiliated companies $ 42,339 $ 45,838 $ (3,499 ) Shareholders’ Equity and Participation Interest Additional paid-in $ 1,655,602 $ 1,654,833 $ 769 Accumulated losses 798,098 794,607 3,491 Participation interest 252,929 253,706 (777 )

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
ACCOUNTS RECEIVABLE, NET (Tables)	Dec. 31, 2018
Receivables [Abstract]
Components of Accounts Receivable, Net	Components of accounts receivable, net are as follows: December 31, 2018 2017 Hotel $ 1,420 $ 1,415 Other 1,252 1,518 Sub-total 2,672 2,933 Less: allowances for doubtful debts (960 ) (588 ) $ 1,712 $ 2,345

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	December 31, 2018 2017 Cost Buildings $ 2,309,897 $ 2,326,063 Furniture, fixtures and equipment 206,629 197,934 Leasehold improvements 80,670 72,859 Motor vehicles 2,588 3 Construction in progress 39,554 10,734 Sub-total 2,639,338 2,607,593 Less: accumulated depreciation and amortization (463,480 ) (327,477 ) Property and equipment, net $ 2,175,858 $ 2,280,116

LAND USE RIGHT, NET (Tables)

LAND USE RIGHT, NET (Tables)	12 Months Ended
LAND USE RIGHT, NET (Tables)	Dec. 31, 2018
Text Block [Abstract]
Schedule of Land Use Right, Net	December 31, 2018 2017 Cost $ 177,290 $ 178,464 Less: accumulated amortization (55,746 ) (52,792 ) Land use right, net $ 121,544 $ 125,672

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	Dec. 31, 2018
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	December 31, 2018 2017 Operating expense and other accruals and liabilities $ 45,293 $ 47,928 Property and equipment payables 13,152 103,503 Advance customer deposits and ticket sales 4,380 4,409 $ 62,825 $ 155,840

LONG-TERM DEBT, NET (Tables)

LONG-TERM DEBT, NET (Tables)	12 Months Ended
LONG-TERM DEBT, NET (Tables)	Dec. 31, 2018
Debt Disclosure [Abstract]
Summary of Long-term Debt, Net	Long-term debt, net consisted of the following: December 31, 2018 2017 Senior Notes (a) 2012 Studio City Notes, due 2020 (net of unamortized deferred financing costs of $2,644 and $7,493, respectively) $ 422,356 $ 817,507 2016 5.875% SC Secured Notes, due 2019 (net of unamortized deferred financing costs of $2,260 and $4,580, respectively) 347,740 345,420 2016 7.250% SC Secured Notes, due 2021 (net of unamortized deferred financing costs of $10,580 and $13,702, respectively) 839,420 836,298 Credit Facilities (b) 2016 Studio City Credit Facilities (1) 128 129 1,609,644 1,999,354 Current portion of long-term debt (net of unamortized deferred financing costs of $2,260) (347,740 ) — $ 1,261,904 $ 1,999,354 Note (1) Unamortized deferred financing costs of $1,299 and $1,686 as of December 31, 2018 and 2017, respectively, related to the 2016 SC Revolving Credit Facility of 2016 Studio City Credit Facilities are included in long-term prepayments, deposits and other assets in the accompanying consolidated balance sheets.
Scheduled Maturities of Long-Term Debt (Excluding Unamortized Deferred Financing Costs)	Scheduled maturities of the long-term debt (excluding unamortized deferred financing costs) as of December 31, 2018 are as follows: Year ending December 31, 2019 $ 350,000 2020 425,000 2021 850,128 2022 — 2023 — $ 1,625,128

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Loss before Income Tax	Loss before income tax consisted of: Year Ended December 31, 2018 2017 2016 Macau operations $ 137,918 $ 83,201 $ (50,983 ) Hong Kong and other jurisdictions operations (158,119 ) (159,877 ) (191,332 ) Loss before income tax $ (20,201 ) $ (76,676 ) $ (242,315 )
Summary of Income Tax (Credit) Expense	The income tax expense (credit) consisted of: Year Ended December 31, 2018 2017 2016 Under provision of income taxes in prior years: Macau Complementary Tax $ 86 $ — $ — Income tax expense (credit) - deferred: Macau Complementary Tax 458 (239 ) 474 Total income tax expense (credit) $ 544 $ (239 ) $ 474
Schedule of Reconciliation of Income Tax Expense (Credit) from Loss Before Income Tax	A reconciliation of the income tax expense (credit) from loss before income tax per the consolidated statements of operations is as follows: Year Ended December 31, 2018 2017 2016 Loss before income tax $ (20,201 ) $ (76,676 ) $ (242,315 ) Macau Complementary Tax rate 12 % 12 % 12 % Income tax credit at Macau Complementary Tax rate (2,424 ) (9,201 ) (29,078 ) Under provision in prior years 86 — — Effect of income for which no income tax expense is payable (177 ) — (1 ) Effect of expenses for which no income tax benefit is receivable 20,001 20,190 23,820 Effect of profits exempted from Macau Complementary Tax (35,698 ) (29,833 ) (11,890 ) Changes in valuation allowances 18,756 18,605 17,623 $ 544 $ (239 ) $ 474
Schedule of Net Deferred Tax Liabilities	The net deferred tax liabilities as of December 31, 2018 and 2017 consisted of the following: December 31, 2018 2017 Deferred tax assets Net operating losses carried forward $ 44,237 $ 48,751 Depreciation and amortization 14,101 9,690 Deferred deductible expenses — 1,052 Sub-total 58,338 59,493 Valuation allowances (58,338 ) (59,493 ) Total deferred tax assets — — Deferred tax liabilities Unrealized capital allowances (1,044 ) (588 ) Total deferred tax liabilities (1,044 ) (588 ) Deferred tax liabilities, net $ (1,044 ) $ (588 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Minimum Future Fees to be Received Under Non-Cancellable Operating Agreements	As of December 31, 2018, minimum future fees to be received under all non-cancellable Year ending December 31, 2019 $ 19,127 2020 12,691 2021 2,912 2022 151 2023 151 Over 2023 433 $ 35,465

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of Significant Related Party Transactions	During the years ended December 31, 2018, 2017 and 2016, the Group entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2018 2017 2016 Transactions with affiliated companies Melco and its subsidiaries Revenues (services provided by the Group): Provision of gaming related services $ 339,924 $ 295,638 $ 151,597 Rooms and food and beverage (1) 89,862 82,862 71,688 Services fee (2) 39,126 39,971 51,842 Entertainment (1) 1,191 1,328 5,465 Costs and expenses (services provided to the Group): Staff costs recharges (3) 92,214 98,622 111,327 Corporate services (4) 33,256 33,453 34,131 Pre-opening 12,498 11,043 13,188 Staff and related costs capitalized in construction in progress 3,617 1,504 3,183 Purchases of goods and services 310 312 303 Sale and purchase of assets: Transfer-in 15,246 2,584 11,150 Purchases of property and equipment (5) 41 282 457 Sale of property and equipment and other long-term assets 9,112 1,667 7,752 Year Ended December 31, Related companies Nature of transactions 2018 2017 2016 Transactions with affiliated companies - A joint venture and a subsidiary of MECOM Power and Construction Limited (“MECOM”) (6) Costs and expenses (services provided to the Group): Consultancy fee $ 2,878 $ 568 $ — Purchase of assets: Construction and renovation work performed and recognized as property and equipment 3,741 5,101 — Notes (1) These revenues primarily represented the retail values (before the adoption of the New Revenue Standard) or standalone selling prices (upon the adoption of the New Revenue Standard) of the complimentary services (including rooms, food and beverage and entertainment services) provided to Studio City Casino’s gaming patrons and charged to Melco Resorts Macau. For the years ended December 31, 2018, 2017 and 2016, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $91,053, $84,190, and $77,153, respectively, of which $81,267, $74,326, and $61,784 related to Studio City Casino’s gaming patrons and $9,786, $9,864 and $15,369 related to non-Studio (2) Services provided by the Group to Melco and its subsidiaries mainly include, but are not limited to, certain shared administrative services and shuttle bus transportation services provided to Studio City Casino. (3) Staff costs are recharged by Melco and its subsidiaries for staff who are solely dedicated to Studio City to carry out activities, including food and beverage management, retail management, hotel management, entertainment projects, mall development and sales and marketing activities and staff costs for certain shared administrative services. (4) Corporate services are provided to the Group by Melco and its subsidiaries. These services include, but are not limited to, general corporate services and senior executive management services for operational purposes. (5) During the year ended December 31, 2016, certain property and equipment with nil aggregate carrying amounts were purchased from an affiliated company at a total consideration of $139 and the Group recognized a loss on purchase of property and equipment of $139 as additional paid-in (6) A company in which Mr. Lawrence Yau Lung Ho, the Company’s director, has a shareholding interest of approximately 20%.
Schedule of Outstanding Balances Arising from Operating Income or Prepayment of Operating Expenses	December 31, 2018 2017 Melco’s subsidiaries $ 42,338 $ 37,826 Others 1 — $ 42,339 $ 37,826
Schedule of Current Portion of Amounts Due to Affiliated Companies Arising from Construction and Renovation Works Performed	The outstanding balances mainly arising from construction and renovation work performed and operating expenses as of December 31, 2018 and 2017, are unsecured, non-interest December 31, 2018 2017 Melco and its subsidiaries $ 18,543 $ 17,168 A joint venture and a subsidiary of MECOM 3,410 2,302 Others — 38 $ 21,953 $ 19,508

COMPANY INFORMATION - Additiona

COMPANY INFORMATION - Additional Information (Detail) - $ / shares	Nov. 19, 2018	Oct. 31, 2018	Oct. 22, 2018	Oct. 12, 2018	Nov. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
MCO Cotai Investments Limited [Member]
Organizational Transactions and Participation Agreements [Line Items]
Percentage of ownership				60.00%
New Cotai, LLC [Member]
Organizational Transactions and Participation Agreements [Line Items]
Percentage of ownership				40.00%
Common stock dividend before adjustments, percentage				66.67%
Common stock dividend percentage						30.00%
American Depository Shares [Member]
Organizational Transactions and Participation Agreements [Line Items]
Ordinary shares	4,312,500				4,312,500
Class A Ordinary Shares [Member]
Organizational Transactions and Participation Agreements [Line Items]
Ordinary shares	17,250,000		115,800,376		17,250,000
Ordinary shares, par value		$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001
Class A Ordinary Shares [Member] \| MCO Cotai Investments Limited [Member]
Organizational Transactions and Participation Agreements [Line Items]
Percentage of ownership		60.00%		60.00%
Reclassification of ordinary shares		108,767,640		108,767,640
Class B Ordinary Shares [Member]
Organizational Transactions and Participation Agreements [Line Items]
Ordinary shares, par value		$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001
Class B Ordinary Shares [Member] \| New Cotai, LLC [Member]
Organizational Transactions and Participation Agreements [Line Items]
Percentage of ownership		40.00%		40.00%
Reclassification of ordinary shares		72,511,760		72,511,760
IPO [Member] \| American Depository Shares [Member]
Organizational Transactions and Participation Agreements [Line Items]
Ordinary shares			28,750,000
IPO [Member] \| Class A Ordinary Shares [Member]
Organizational Transactions and Participation Agreements [Line Items]
Ordinary shares			115,000,000			115,000,000
Ordinary shares, par value			$ 0.0001

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2018
Buildings [Member] \| Minimum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	4 years
Buildings [Member] \| Maximum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	40 years
Furniture, fixtures and equipment [Member] \| Minimum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	2 years
Furniture, fixtures and equipment [Member] \| Maximum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	15 years
Leasehold improvements [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	4 to 10 years or over the lease term, whichever is shorter
Motor vehicles [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Nov. 19, 2018	Oct. 22, 2018	Nov. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Oct. 31, 2018	Oct. 12, 2018	Jan. 31, 2018	Jan. 01, 2018
Schedule Of Significant Accounting Policies [Line Items]
Interest expenses incurred				$ 160,508	$ 159,918	$ 159,236
Interest expenses capitalized				0	0	0
Impairment losses recognized on property and equipment				$ 0	19,645	0
Land use rights, estimated useful life				40 years
Maximum deposits recognizing period				1 year
Advance deposits				$ 4,380					$ 4,409
Increase (decrease) in advance deposits				(29)
Advertising and promotional costs				$ 28,009	23,854	20,989
Percentage of tax benefit greater than likelihood				50.00%
Increase to accumulated losses upon adoption of New Revenue Standard										$ 3,332
Adjustments for New Accounting Pronouncement [Member]
Schedule Of Significant Accounting Policies [Line Items]
Changes in restricted cash					$ 67	266,633
Ordinary Shares [Member]
Schedule Of Significant Accounting Policies [Line Items]
Ordinary shares, issued					18,127.94
Ordinary shares, par value					$ 1
Class A Ordinary Shares [Member]
Schedule Of Significant Accounting Policies [Line Items]
Ordinary shares, issued				241,818,016	181,279,400
Ordinary shares, par value				$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Exchange of Class A ordinary shares to Class B ordinary shares				72,511,760
Ordinary shares	17,250,000	115,800,376	17,250,000
Class A Ordinary Shares [Member] \| Management and Shared Services Arrangements [Member]
Schedule Of Significant Accounting Policies [Line Items]
Ordinary shares, issued				181,279,400
Ordinary shares, par value				$ 0.0001
Class A Ordinary Shares [Member] \| IPO [Member]
Schedule Of Significant Accounting Policies [Line Items]
Ordinary shares, par value		$ 0.0001
Ordinary shares		115,000,000		115,000,000
Class B Ordinary Shares [Member]
Schedule Of Significant Accounting Policies [Line Items]
Ordinary shares, issued				72,511,760	0
Ordinary shares, par value				$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Exchange of Class A ordinary shares to Class B ordinary shares				72,511,760
Additional Information Of Parent Company [Member]
Schedule Of Significant Accounting Policies [Line Items]
Changes in restricted cash					$ 64	$ 2,082
Minimum [Member]
Schedule Of Significant Accounting Policies [Line Items]
Amortization writeoff of Gaming Assets				2 years
Maximum [Member]
Schedule Of Significant Accounting Policies [Line Items]
Amortization writeoff of Gaming Assets				10 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Affected Financial Statement Line Items for the Current Period Before and After the Adoption of the New Revenue Standard (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
OPERATING REVENUES
OPERATING REVENUES	$ 571,213	$ 539,814	$ 424,531
Net income attributable to participation interest	853	0	0
Net loss attributable to Studio City International Holdings Limited	$ 21,598	$ 76,437	$ 242,789
Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share	$ 0.113	$ 0.422	$ 1.339
CURRENT ASSETS
Amounts due from affiliated companies	$ 42,339	$ 37,826
SHAREHOLDERS' EQUITY
Additional paid-in capital	1,655,602	1,512,705
Accumulated losses	798,098	773,168
PARTICIPATION INTEREST	252,929	0
Provision of Gaming Related Services [Member]
OPERATING REVENUES
OPERATING REVENUES	339,924	295,638	$ 151,597
Rooms [Member]
OPERATING REVENUES
OPERATING REVENUES	88,317	88,699	84,643
Food and Beverage [Member]
OPERATING REVENUES
OPERATING REVENUES	65,904	60,705	61,536
Entertainment [Member]
OPERATING REVENUES
OPERATING REVENUES	12,073	$ 18,534	$ 35,155
Accounting Standards Update 2014-09 [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
OPERATING REVENUES
Net income attributable to participation interest	861
Net loss attributable to Studio City International Holdings Limited	$ 21,439
Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share	$ 0.112
CURRENT ASSETS
Amounts due from affiliated companies	$ 45,838
SHAREHOLDERS' EQUITY
Additional paid-in capital	1,654,833
Accumulated losses	794,607
PARTICIPATION INTEREST	253,706
Accounting Standards Update 2014-09 [Member] \| Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
OPERATING REVENUES
Net income attributable to participation interest	(8)
Net loss attributable to Studio City International Holdings Limited	$ 159
Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share	$ 0.001
CURRENT ASSETS
Amounts due from affiliated companies	$ (3,499)
SHAREHOLDERS' EQUITY
Additional paid-in capital	769
Accumulated losses	3,491
PARTICIPATION INTEREST	(777)
Accounting Standards Update 2014-09 [Member] \| Provision of Gaming Related Services [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	340,091
Accounting Standards Update 2014-09 [Member] \| Provision of Gaming Related Services [Member] \| Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	(167)
Accounting Standards Update 2014-09 [Member] \| Rooms [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	87,657
Accounting Standards Update 2014-09 [Member] \| Rooms [Member] \| Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	660
Accounting Standards Update 2014-09 [Member] \| Food and Beverage [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	65,512
Accounting Standards Update 2014-09 [Member] \| Food and Beverage [Member] \| Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	392
Accounting Standards Update 2014-09 [Member] \| Entertainment [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	13,125
Accounting Standards Update 2014-09 [Member] \| Entertainment [Member] \| Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
OPERATING REVENUES
OPERATING REVENUES	$ (1,052)

ACCOUNTS RECEIVABLE, NET - Comp

ACCOUNTS RECEIVABLE, NET - Components of Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 2,672	$ 2,933
Less: allowance for doubtful debts	(960)	(588)
Accounts receivable, net	1,712	2,345
Hotel [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	1,420	1,415
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 1,252	$ 1,518

ACCOUNTS RECEIVABLE, NET - Addi

ACCOUNTS RECEIVABLE, NET - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Additional provision for doubtful debts	$ 376,000	$ 33,000	$ 588,000
Write-offs of provision for doubtful debts	$ 0	$ 33,000	$ 0

PROPERTY AND EQUIPMENT, NET - C

PROPERTY AND EQUIPMENT, NET - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property and Equipment, Net
Cost	$ 2,639,338	$ 2,607,593
Less: accumulated depreciation and amortization	(463,480)	(327,477)
Property and equipment, net	2,175,858	2,280,116
Buildings [Member]
Property and Equipment, Net
Cost	2,309,897	2,326,063
Furniture, fixtures and equipment [Member]
Property and Equipment, Net
Cost	206,629	197,934
Leasehold improvements [Member]
Property and Equipment, Net
Cost	80,670	72,859
Motor vehicles [Member]
Property and Equipment, Net
Cost	2,588	3
Construction in progress [Member]
Property and Equipment, Net
Cost	$ 39,554	$ 10,734

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Costs capitalized to construction in progress	$ 5,110	$ 2,556

LAND USE RIGHT, NET - Schedule

LAND USE RIGHT, NET - Schedule of Land Use Right, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Land Use Right [Abstract]
Cost	$ 177,290	$ 178,464
Less: accumulated amortization	(55,746)	(52,792)
Land use right, net	$ 121,544	$ 125,672

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property and equipment payables	$ 45,293	$ 47,928
Operating expense and other accruals and liabilities	13,152	103,503
Total Accrued Expenses and Other Current Liabilities	62,825	155,840
Advance Customer Deposits And Ticket Sales [Member]
Advance customer deposits and ticket sales	$ 4,380	$ 4,409

LONG-TERM DEBT, NET - Summary o

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Long-term Debt [Line Items]
Long-term debt, net	$ 1,609,644	$ 1,999,354
Current portion of long-term debt, net	(347,740)	0
Non current portion of long-term debt, net	1,261,904	1,999,354
2012 Studio City Notes [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	422,356	817,507
2016 Studio City Credit Facilities [Member] \| Total Credit Facility [Member]
Long-term Debt [Line Items]
Long-term debt, net	128	129
2016 5.875% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	347,740	345,420
2016 7.250% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	$ 839,420	$ 836,298

LONG-TERM DEBT, NET - Summary_2

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Long-term Debt [Line Items]
Current portion of unamortized deferred financing costs	$ 2,260	$ 0
2012 Studio City Notes [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 2,644	$ 7,493
Debt instrument maturity date	Dec. 1, 2020	Dec. 1, 2020
2016 5.875% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 2,260	$ 4,580
Debt instrument maturity date	Nov. 30, 2019	Nov. 30, 2019
2016 7.250% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 10,580	$ 13,702
Debt instrument maturity date	Nov. 30, 2021	Nov. 30, 2021
Revolving Credit Facility [Member] \| 2016 Studio City Credit Facilities [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs included in long-term prepayments, deposits and other assets	$ 1,299	$ 1,686

LONG-TERM DEBT, NET (2012 Studi

LONG-TERM DEBT, NET (2012 Studio City Notes) - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 13, 2019	Feb. 04, 2019	Dec. 31, 2018	Nov. 26, 2012	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 22, 2019
Long-term Debt [Line Items]
Total long-term debt			$ 1,625,128		$ 1,625,128	$ 2,025,129
Repayments of long-term debt					400,000	0	$ 95,560
Loss on extinguishment of debt					$ 2,489	$ 0	$ 17,435
2012 Studio City Notes [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Total long-term debt				$ 825,000
Purchase price as percentage of principal				100.00%
Maturity date					Dec. 1, 2020	Dec. 1, 2020
Interest rate per annum			8.50%	8.50%	8.50%
Repayments of long-term debt			$ 400,000
Redemption price as percentage of principal			100.00%
Loss on extinguishment of debt					$ 2,489
Net assets restricted from distribution			$ 1,117,000		$ 1,117,000
2012 Studio City Notes [Member] \| Senior Notes [Member] \| Subsequent Event [Member]
Long-term Debt [Line Items]
Repayments of long-term debt	$ 208,466	$ 216,534
2012 Studio City Notes [Member] \| Senior Notes [Member] \| Conditional Tender Offer [Member] \| Subsequent Event [Member]
Long-term Debt [Line Items]
Total long-term debt		$ 216,534						$ 425,000

LONG-TERM DEBT, NET (2016 Studi

LONG-TERM DEBT, NET (2016 Studio City Secured Notes) - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 30, 2016	Dec. 31, 2018	Dec. 31, 2017
Long-term Debt [Line Items]
Total long-term debt		$ 1,625,128	$ 2,025,129
2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Net assets restricted from distribution		$ 1,044,000
2016 5.875% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 350,000
Interest rate per annum	5.875%
Maturity date		Nov. 30, 2019	Nov. 30, 2019
Purchase price as percentage of principal	100.00%
2016 5.875% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member] \| Prior to November 30, 2019 [Member]
Long-term Debt [Line Items]
Maximum redeemable percentage of principal prior to a specific date for partial redemption with net cash proceeds from equity offerings at a fixed redemption price	35.00%
2016 7.250% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 850,000
Interest rate per annum	7.25%
Maturity date		Nov. 30, 2021	Nov. 30, 2021
Purchase price as percentage of principal	100.00%
2016 7.250% SC Secured Notes [Member] \| 2016 Studio City Secured Notes [Member] \| Prior to November 30, 2018 [Member]
Long-term Debt [Line Items]
Maximum redeemable percentage of principal prior to a specific date for partial redemption with net cash proceeds from equity offerings at a fixed redemption price	35.00%

LONG-TERM DEBT, NET (2016 Stu_2

LONG-TERM DEBT, NET (2016 Studio City Credit Facilities) - Additional Information (Detail) $ in Thousands	Nov. 30, 2016USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2018HKD ($)	Nov. 30, 2016HKD ($)	Jan. 28, 2013USD ($)	Jan. 28, 2013HKD ($)
Long-term Debt [Line Items]
Loss on extinguishment of debt		$ 2,489	$ 0	$ 17,435
Costs associated with debt modification		0	0	8,101
Total outstanding borrowings		$ 1,625,128	2,025,129
Studio City Project Facility [Member] \| Total Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity							$ 1,395,357	$ 10,855,880,000
Loss on extinguishment of debt				17,435
2016 Studio City Credit Facilities [Member] \| Total Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 30,077					$ 234,000,000
Costs associated with debt modification				$ 8,101
Maturity date		Nov. 30, 2021
Net assets restricted from distribution		$ 1,044,000
2016 Studio City Credit Facilities [Member] \| Total Credit Facility [Member] \| Hong Kong Interbank Offered Rate ("HIBOR") [Member]
Long-term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	4.00%
2016 Studio City Credit Facilities [Member] \| Term Loan Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 129					1,000,000
Amount drawn down as of the date		129			$ 1,000,000
Total outstanding borrowings		128			1,000,000
Term loan facility, cash collateral	129					1,012,500
2016 Studio City Credit Facilities [Member] \| Revolving Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 29,948					$ 233,000,000
Amount available for future drawdown		29,752			$ 233,000,000
Loan commitment fees recognized		$ 419	$ 419

LONG-TERM DEBT, NET - Interest

LONG-TERM DEBT, NET - Interest on Long-term Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Average borrowing rate per annum	7.50%	7.52%	6.33%

LONG-TERM DEBT, NET - Scheduled

LONG-TERM DEBT, NET - Scheduled Maturities of Long-Term Debt (Excluding Unamortized Deferred Financing Costs) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Year ending December 31, 2019	$ 350,000
Year ending December 31, 2020	425,000
Year ending December 31, 2021	850,128
Year ending December 31, 2022	0
Year ending December 31, 2023	0
Total long-term debt	$ 1,625,128	$ 2,025,129

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
The estimated fair value of long-term debt	$ 1,648,050	$ 2,108,138
The carrying value of long-term debt, excluding unamortized deferred financing costs	$ 1,625,128	$ 2,025,129

CAPITAL STRUCTURE - Additional

CAPITAL STRUCTURE - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Nov. 19, 2018	Oct. 31, 2018	Oct. 22, 2018	Oct. 12, 2018	Nov. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Capital Structure [Line Items]
Ordinary shares, authorized		2,000,000,000
Ordinary shares, authorized value		$ 200
Ordinary Shares [Member]
Capital Structure [Line Items]
Ordinary shares, authorized							200,000
Ordinary shares, par value							$ 1
Ordinary shares, issued							18,127.94
American Depository Shares [Member]
Capital Structure [Line Items]
Ordinary shares	4,312,500				4,312,500
American Depository Shares [Member] \| IPO [Member]
Capital Structure [Line Items]
Ordinary shares			28,750,000
Class A Ordinary Shares [Member]
Capital Structure [Line Items]
Ordinary shares, authorized		1,927,488,240				1,927,488,240	1,927,488,240
Ordinary shares, par value		$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001
Ordinary shares, issued						241,818,016	181,279,400
Ordinary shares	17,250,000		115,800,376		17,250,000
Gross proceeds from shares	$ 53,906		$ 361,876
Offering expenses			$ 16,573
Ordinary shares, outstanding						241,818,016	181,279,400
Class A Ordinary Shares [Member] \| IPO [Member]
Capital Structure [Line Items]
Ordinary shares, par value			$ 0.0001
Ordinary shares			115,000,000			115,000,000
Class A Ordinary Shares [Member] \| MCO Cotai Investments Limited [Member]
Capital Structure [Line Items]
Percentage of ownership		60.00%		60.00%
Reclassification of ordinary shares		108,767,640		108,767,640
Class A Ordinary Shares [Member] \| Management and Shared Services Arrangements [Member]
Capital Structure [Line Items]
Ordinary shares, par value						$ 0.0001
Ordinary shares, issued						181,279,400
Class A Ordinary Shares [Member] \| Melco International [Member] \| Private Placement [Member]
Capital Structure [Line Items]
Ordinary shares			800,376
Class B Ordinary Shares [Member]
Capital Structure [Line Items]
Ordinary shares, authorized		72,511,760				72,511,760	72,511,760
Ordinary shares, par value		$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001
Ordinary shares, issued						72,511,760	0
Ordinary shares, outstanding						72,511,760	0
Class B Ordinary Shares [Member] \| New Cotai, LLC [Member]
Capital Structure [Line Items]
Percentage of ownership		40.00%		40.00%
Reclassification of ordinary shares		72,511,760		72,511,760

INCOME TAXES - Schedule of Loss

INCOME TAXES - Schedule of Loss before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Income Taxes [Line Items]
Loss before income tax	$ (20,201)	$ (76,676)	$ (242,315)
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Loss before income tax	137,918	83,201	(50,983)
Income Tax in Hong Kong and Other Jurisdictions [Member]
Schedule Of Income Taxes [Line Items]
Loss before income tax	$ (158,119)	$ (159,877)	$ (191,332)

INCOME TAXES - Summary of Incom

INCOME TAXES - Summary of Income Tax Expense (Credit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Under provision of income tax in prior years:
Under provision of income tax in prior years	$ 86	$ 0	$ 0
Income tax (credit) expense - deferred:
Income tax expense (credit)	544	(239)	474
Macau Complementary Tax [Member]
Under provision of income tax in prior years:
Under provision of income tax in prior years	86	0	0
Income tax (credit) expense - deferred:
Income tax (credit) expense - deferred	$ 458	$ (239)	$ 474

INCOME TAXES - Schedule of Reco

INCOME TAXES - Schedule of Reconciliation of Income Tax Expense (Credit) from Loss Before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Loss before income tax	$ (20,201)	$ (76,676)	$ (242,315)
Macau Complementary Tax rate	12.00%	12.00%	12.00%
Income tax credit at Macau Complementary Tax rate	$ (2,424)	$ (9,201)	$ (29,078)
Under provision in prior years	86	0	0
Effect of income for which no income tax expense is payable	(177)	0	(1)
Effect of expenses for which no income tax benefit is receivable	20,001	20,190	23,820
Effect of profits exempted from Macau Complementary Tax	(35,698)	(29,833)	(11,890)
Change in valuation allowance	18,756	18,605	17,623
Income tax expense (credit)	$ 544	$ (239)	$ 474

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($)	12 Months Ended
INCOME TAXES - Additional Information (Detail) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12.00%	12.00%	12.00%
Expected increase in net loss attributable to the parent if taxes on profits generated from income received from under the Services and Right to Use Arrangements have been paid	$ 33,835,000	$ 29,833,000	$ 11,890,000
Effective tax rate	(2.70%)	0.30%	(0.20%)
Valuation allowances	$ 58,338,000	$ 59,493,000
Adjusted operating tax losses carried forwards, expired	168,434,000
Aggregate undistributed earnings of foreign subsidiaries	631,174,000	337,024,000
Provision related to tax withholding for dividends	0	0
Deferred income tax liability, undistributed earnings	75,741,000	40,443,000
Interest and penalties related to uncertain tax positions recognized	$ 0	$ 0
Diluted Earnings Per Class A Share [Member]
Schedule Of Income Taxes [Line Items]
Expected increase in loss per share if taxes on profits generated from income received from under the Services and Right to Use Arrangements have been paid	$ 0.177	$ 0.165	$ 0.066
Operating Tax Loss Carry Forwards Expiring 2019 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	$ 123,213,000
Operating Tax Loss Carry Forwards Expiring 2020 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	111,216,000
Operating Tax Loss Carry Forwards Expiring 2021 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	$ 134,220,000
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12.00%	12.00%	12.00%
Hong Kong Profits Tax [Member]
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	16.50%	16.50%	16.50%
Statute of limitation for tax return	6 years
Macau Tax [Member]
Schedule Of Income Taxes [Line Items]
Statute of limitation for tax return	5 years

INCOME TAXES - Schedule of Net

INCOME TAXES - Schedule of Net Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets
Net operating losses carried forward	$ 44,237	$ 48,751
Depreciation and amortization	14,101	9,690
Deferred deductible expenses	0	1,052
Sub-total	58,338	59,493
Valuation allowances	(58,338)	(59,493)
Total deferred tax assets	0	0
Deferred tax liabilities
Unrealized capital allowances	(1,044)	(588)
Total deferred tax liabilities	(1,044)	(588)
Deferred tax liabilities, net	$ (1,044)	$ (588)

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Retirement Benefits [Abstract]
Amount of employer contributions into the defined contribution retirement benefits schemes	$ (324)	$ 85	$ 11

DISTRIBUTION OF PROFITS - Addit

DISTRIBUTION OF PROFITS - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Distribution Of Profits [Abstract]
Percentage of share capital as the limit of allocation of profit after tax to legal reserve	50.00%
Allocation of profit after tax to legal reserve, minimum percentage	25.00%
Aggregate balance of legal reserves	$ 6,000	$ 6,000
Dividends declared	0	0	$ 0
Dividends paid	0	$ 0	$ 0
Dividends proposed	$ 0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) $ in Thousands	Sep. 23, 2015USD ($)	Feb. 28, 2018	Oct. 31, 2013USD ($)	Oct. 31, 2013HKD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Commitments and Contingencies [Line Items]
Capital commitments					$ 38,696
Operating leases - as grantor, last expiry date					2026-11
Contingent fees earned					$ 9,301	$ 10,216	$ 9,732
Trade Credit Facility [Member]
Commitments and Contingencies [Line Items]
Amount entered with a bank to meet certain payment obligations			$ 25,538	$ 200,000,000
Credit facility utilized					$ 638
Credit facility, maturity date					Aug. 31, 2017
Trade Credit Facility [Member] \| Extended Maturity [Member]
Commitments and Contingencies [Line Items]
Credit facility, maturity date					Aug. 31, 2019
Studio City Land [Member]
Commitments and Contingencies [Line Items]
Government land use fee payable per annum during the development period	$ 490
Government land use fee payable per annum after the development period	$ 1,100
Extended end date of development period		Jul. 24, 2021
Total commitment for government land use fees					$ 8,226
Contract expiration date					2026-10
Land Concession Contracts [Member]
Commitments and Contingencies [Line Items]
Initial contract term (in years)					25 years
Contract term of further renewable consecutive periods (in years)					10 years
Frequency of land use fee amounts to be adjusted					Every five years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Minimum Future Fees to be Received Under Non-Cancellable Operating Agreements (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 19,127
2020	12,691
2021	2,912
2022	151
2023	151
Over 2023	433
Total minimum future fees to be received	$ 35,465

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Provision of Gaming Related Services [Member]
Revenues (services provided by the Group):
Revenues	$ 339,924	$ 295,638	$ 151,597
Costs and expenses (services provided to the Group):
Costs and expenses	17,634	20,386	23,478
Services Fee [Member]
Revenues (services provided by the Group):
Revenues	39,126	39,971	51,842
Entertainment [Member]
Revenues (services provided by the Group):
Revenues	1,191	1,328	5,465
Costs and expenses (services provided to the Group):
Costs and expenses	4,815	6,884	11,446
Transactions with affiliated companies [Member]
Sale and purchase of assets:
Purchase of property and equipment			139
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member]
Sale and purchase of assets:
Transfer-in of other long-term assets	15,246	2,584	11,150
Purchase of property and equipment	41	282	457
Sale of property and equipment and other long-term assets	9,112	1,667	7,752
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Provision of Gaming Related Services [Member]
Revenues (services provided by the Group):
Revenues	339,924	295,638	151,597
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Rooms Food and Beverage [Member]
Revenues (services provided by the Group):
Revenues	89,862	82,862	71,688
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Services Fee [Member]
Revenues (services provided by the Group):
Revenues	39,126	39,971	51,842
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Entertainment [Member]
Revenues (services provided by the Group):
Revenues	1,191	1,328	5,465
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Staff Costs Recharges [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	92,214	98,622	111,327
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Corporate Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	33,256	33,453	34,131
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Pre opening Costs and Other Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	12,498	11,043	13,188
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Staff and Related Costs Capitalized in Construction in Progress [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	3,617	1,504	3,183
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Purchase of Goods and Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	310	312	303
Joint Venture and Subsidiary of MECOM Power and Construction Limited [Member] \| Transactions with affiliated companies [Member]
Sale and purchase of assets:
Purchase of property and equipment	3,741	5,101	0
Joint Venture and Subsidiary of MECOM Power and Construction Limited [Member] \| Transactions with affiliated companies [Member] \| Consultancy Fee Expense [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	$ 2,878	$ 568	$ 0

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Loss on purchase of property and equipment			$ 139
Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Aggregate carrying value of property plant and equipment			0
Purchase of property and equipment			139
Loss on purchase of property and equipment			139
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Purchase of property and equipment	$ 41	$ 282	457
Melco and its Subsidiaries [Member] \| Rooms Food and Beverage and Entertainment Revenues [Member]
Related Party Transaction [Line Items]
Aggregated revenue	91,053	84,190	77,153
Melco and its Subsidiaries [Member] \| Rooms Food and Beverage and Entertainment Revenues [Member] \| Studio City Casinos Gaming Patrons [Member]
Related Party Transaction [Line Items]
Aggregated revenue	81,267	74,326	61,784
Melco and its Subsidiaries [Member] \| Rooms Food and Beverage and Entertainment Revenues [Member] \| Non Studio City Casinos Gaming Patrons [Member]
Related Party Transaction [Line Items]
Aggregated revenue	$ 9,786	$ 9,864	$ 15,369
Subsidiary of MECOM Power and Construction Limited [Member] \| Director [Member]
Related Party Transaction [Line Items]
Share percentage holding by Chief Executive Officer	20.00%

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Capital commitments contracted	$ 38,696
Joint Venture and Subsidiary of MECOM Power and Construction Limited [Member]
Related Party Transaction [Line Items]
Capital commitments contracted	$ 1,883

RELATED PARTY TRANSACTIONS - _3

RELATED PARTY TRANSACTIONS - Schedule of Outstanding Balances Arising from Operating Income or Prepayment of Operating Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Amounts due from affiliated companies	$ 42,339	$ 37,826
Amounts due to affiliated companies	21,953	19,508
Transactions with affiliated companies [Member] \| Melco and its Subsidiaries [Member]
Related Party Transaction [Line Items]
Amounts due from affiliated companies	42,338	37,826
Amounts due to affiliated companies	18,543	17,168
Transactions with affiliated companies [Member] \| Others [Member]
Related Party Transaction [Line Items]
Amounts due from affiliated companies	1	0
Amounts due to affiliated companies	0	38
Transactions with affiliated companies [Member] \| Joint Venture and Subsidiary of MECOM Power and Construction Limited [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	$ 3,410	$ 2,302

SUBSEQUENT EVENTS - Additional

SUBSEQUENT EVENTS - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 13, 2019	Feb. 11, 2019	Feb. 04, 2019	Dec. 31, 2018	Nov. 26, 2012	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 22, 2019
Subsequent Events [Line Items]
Total long-term debt				$ 1,625,128		$ 1,625,128	$ 2,025,129
Repayments of long-term debt						$ 400,000	$ 0	$ 95,560
2012 Studio City Notes [Member] \| Senior Notes [Member]
Subsequent Events [Line Items]
Total long-term debt					$ 825,000
Repayments of long-term debt				$ 400,000
Interest rate per annum				8.50%	8.50%	8.50%
Purchase price as percentage of principal					100.00%
Subsequent Event [Member] \| 2019 Studio City Notes [Member] \| Senior Notes [Member]
Subsequent Events [Line Items]
Total long-term debt		$ 600,000
Interest rate per annum		7.25%
Purchase price as percentage of principal		100.00%
Subsequent Event [Member] \| 2012 Studio City Notes [Member] \| Senior Notes [Member]
Subsequent Events [Line Items]
Repayments of long-term debt	$ 208,466		$ 216,534
Subsequent Event [Member] \| 2012 Studio City Notes [Member] \| Senior Notes [Member] \| Conditional Tender Offer [Member]
Subsequent Events [Line Items]
Total long-term debt			$ 216,534						$ 425,000

ADDITIONAL INFORMATION - FINA_2

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED BALANCE SHEETS (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 345,854	$ 348,399
Bank deposit with original maturity over three months	0	9,884
Restricted cash	31,582	34,400
Prepaid expenses and other current assets	27,650	17,930
Total current assets	459,041	460,927
TOTAL ASSETS	2,802,338	2,927,567
CURRENT LIABILITIES
Accrued expenses and other current liabilities	62,825	155,840
Amounts due to affiliated companies	21,953	19,508
Total current liabilities	438,972	178,070
TOTAL LIABILITIES	1,705,937	2,187,524
SHAREHOLDERS' EQUITY
Additional paid-in capital	1,655,602	1,512,705
Accumulated other comprehensive (loss) income	(14,063)	488
Accumulated losses	(798,098)	(773,168)
Total shareholders' equity	843,472	740,043
Class A Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares	24	18
Class B Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares	7	0
Parent Company [Member]
CURRENT ASSETS
Cash and cash equivalents	5,970	14
Bank deposit with original maturity over three months	0	5,000
Restricted cash	0	21,703
Amounts due from subsidiaries	1	129
Prepaid expenses and other current assets	0	24
Total current assets	5,971	26,870
INVESTMENTS IN SUBSIDIARIES	843,472	491,284
LOAN TO A SUBSIDIARY	0	225,000
OTHER LONG-TERM ASSETS	0	4,270
TOTAL ASSETS	849,443	747,424
CURRENT LIABILITIES
Accrued expenses and other current liabilities	5,925	4,302
Amounts due to affiliated companies	0	70
Amounts due to subsidiaries	46	3,009
Total current liabilities	5,971	7,381
TOTAL LIABILITIES	5,971	7,381
SHAREHOLDERS' EQUITY
Additional paid-in capital	1,655,602	1,512,705
Accumulated other comprehensive (loss) income	(14,063)	488
Accumulated losses	(798,098)	(773,168)
Total shareholders' equity	843,472	740,043
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	849,443	747,424
Parent Company [Member] \| Class A Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares	24	18
Parent Company [Member] \| Class B Ordinary Shares [Member]
SHAREHOLDERS' EQUITY
Ordinary shares	$ 7	$ 0

ADDITIONAL INFORMATION - FINA_3

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED BALANCE SHEETS (Parenthetical) (Detail) - $ / shares	Dec. 31, 2018	Oct. 31, 2018	Oct. 12, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, authorized		2,000,000,000
Class A Ordinary Shares [Member]
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, authorized	1,927,488,240	1,927,488,240		1,927,488,240
Ordinary shares, issued	241,818,016			181,279,400
Ordinary shares, outstanding	241,818,016			181,279,400
Class B Ordinary Shares [Member]
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, authorized	72,511,760	72,511,760		72,511,760
Ordinary shares, issued	72,511,760			0
Ordinary shares, outstanding	72,511,760			0
Parent Company [Member] \| Class A Ordinary Shares [Member]
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.0001			$ 0.0001
Ordinary shares, authorized	1,927,488,240			1,927,488,240
Ordinary shares, issued	241,818,016			181,279,400
Ordinary shares, outstanding	241,818,016			181,279,400
Parent Company [Member] \| Class B Ordinary Shares [Member]
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.0001			$ 0.0001
Ordinary shares, authorized	72,511,760			72,511,760
Ordinary shares, issued	72,511,760			0
Ordinary shares, outstanding	72,511,760			0

ADDITIONAL INFORMATION - FINA_4

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF OPERATIONS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
REVENUE	$ 571,213	$ 539,814	$ 424,531
OPERATING COSTS AND EXPENSES
General and administrative	(132,637)	(130,465)	(135,071)
Property charges and other	(4,464)	(22,210)	(1,825)
Total operating costs and expenses	(433,351)	(459,364)	(479,297)
OPERATING LOSS	137,862	80,450	(54,766)
NON-OPERATING INCOME (EXPENSES)
Interest income	3,578	2,171	1,152
Foreign exchange gains, net	1,972	466	(3,445)
Total non-operating expenses, net	(158,063)	(157,126)	(187,549)
INCOME TAX EXPENSE	(544)	239	(474)
NET LOSS	(20,745)	(76,437)	(242,789)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
REVENUE	0	0	0
OPERATING COSTS AND EXPENSES
General and administrative	(133)	(412)	(174)
Property charges and other	0	0	(852)
Total operating costs and expenses	(133)	(412)	(1,026)
OPERATING LOSS	(133)	(412)	(1,026)
NON-OPERATING INCOME (EXPENSES)
Interest income	102	129	17
Foreign exchange gains, net	616	0	0
Share of results of subsidiaries	(22,183)	(76,154)	(241,780)
Total non-operating expenses, net	(21,465)	(76,025)	(241,763)
LOSS BEFORE INCOME TAX	(21,598)	(76,437)	(242,789)
INCOME TAX EXPENSE	0	0	0
NET LOSS	$ (21,598)	$ (76,437)	$ (242,789)

ADDITIONAL INFORMATION - FINA_5

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net loss	$ (20,745)	$ (76,437)	$ (242,789)
Other comprehensive (loss) income:
Foreign currency translation adjustments, before and after tax	(18,774)	0	0
Changes in fair values of interest rate swap agreements, before and after tax	0	0	61
Other comprehensive (loss) income	(18,774)	0	61
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss	(21,598)	(76,437)	(242,789)
Other comprehensive (loss) income:
Foreign currency translation adjustments, before and after tax	(14,551)	0	0
Changes in fair values of interest rate swap agreements, before and after tax	0	0	61
Other comprehensive (loss) income	(14,551)	0	61
Total comprehensive loss	$ (36,149)	$ (76,437)	$ (242,728)

ADDITIONAL INFORMATION - FINA_6

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities	$ 139,518	$ 68,313	$ 14,579
CASH FLOWS FROM INVESTING ACTIVITIES
Withdrawal of bank deposit with original maturity over three months	34,675	0	0
Placement of bank deposit with original maturity over three months	(24,823)	(9,884)	0
Net cash used in investing activities	(147,515)	(55,345)	(106,710)
CASH FLOW FROM A FINANCING ACTIVITY
Net proceeds from issuance of share capital	405,152	0	0
Cash provided by a financing activity	5,152	(1,285)	(122,786)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(5,364)	11,683	(214,917)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	382,929	371,246	586,163
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	377,565	382,929	371,246
NON-CASH FINANCING ACTIVITY
Offering expenses capitalized for the issuance of share capital included in accrued expenses and other current liabilities	5,943	0	0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONDENSED BALANCE SHEETS
Cash and cash equivalents	345,854	348,399
Current portion of restricted cash	31,582	34,400
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	377,565	382,929	371,246
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities	(2,346)	(321)	(1,142)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to subsidiaries	(423,553)	(6)	(2,088)
Withdrawal of bank deposit with original maturity over three months	5,000	0	0
Placement of bank deposit with original maturity over three months	0	(5,000)	0
Net cash used in investing activities	(418,553)	(5,006)	(2,088)
CASH FLOW FROM A FINANCING ACTIVITY
Net proceeds from issuance of share capital	405,152	0	0
Cash provided by a financing activity	405,152	0	0
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(15,747)	(5,327)	(3,230)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	21,717	27,044	30,274
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	5,970	21,717	27,044
NON-CASH FINANCING ACTIVITY
Offering expenses capitalized for the issuance of share capital included in accrued expenses and other current liabilities	5,943	0	0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONDENSED BALANCE SHEETS
Cash and cash equivalents	5,970	14
Current portion of restricted cash	0	21,703
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	$ 5,970	$ 21,717	$ 27,044

FINANCIAL STATEMENT SCHEDULE 1

FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY - Additional Information (Detail) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Organizational Transactions and Participation Agreements [Line Items]
Net assets restricted from distribution	$ 1,117,000
Cash dividend received	$ 0	$ 0	$ 0
Minimum [Member]
Organizational Transactions and Participation Agreements [Line Items]
Percentage threshold of restricted net assets of consolidated and unconsolidated subsidiaries	25.00%