Studio City International Holdings Limited (MSC) 20-F 31 Mar 23 2022 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	STUDIO CITY INTERNATIONAL HOLDINGS LIMITED
Entity Voluntary Filers	No
Entity Central Index Key	0001713334
Entity File Number	001-38699
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Interactive Data Current	Yes
Trading Symbol	MSC
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	71 Robinson Road #04-03
Entity Address, City or Town	Singapore
Entity Address, Postal Zip Code	068895
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Document Accounting Standard	U.S. GAAP
Entity Address, Country	SG
Security Exchange Name	NYSE
Title of 12(b) Security	American depositary shares each representing four Class A ordinary shares
Auditor Name	Ernst & Young LLP
Auditor Firm ID	1247
Auditor Location	Singapore
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	38th Floor, The Centrium, 60 Wyndham Street
Entity Address, City or Town	Central
Entity Address, Postal Zip Code	000000
Contact Personnel Name	Company Secretary
Entity Address, Country	HK
City Area Code	852
Local Phone Number	2598 3600
Phone Fax Number Description	+852 2537 3618
Other Address [Member]
Document Information [Line Items]
Entity Address, Address Line One	38th Floor, The Centrium, 60 Wyndham Street
Entity Address, City or Town	Central
Entity Address, Country	HK
Class A Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	770,352,700
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, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 509,523	$ 499,289
Accounts receivable	263	247
Receivables from affiliated companies	221	15,697
Inventories	5,121	5,828
Prepaid expenses and other current assets	38,721	42,633
Total current assets	553,849	563,694
Property and equipment, net	2,868,064	2,556,040
Intangible assets, net	1,373	2,777
Long-term prepayments, deposits and other assets	48,325	69,624
Restricted cash	130	130
Operating lease right-of-use assets	13,136	14,588
Land use right, net	108,645	112,114
Total assets	3,593,522	3,318,967
Current liabilities:
Accounts payable	501	211
Accrued expenses and other current liabilities	165,688	201,405
Income tax payable	22	21
Payables to affiliated companies	81,178	53,093
Total current liabilities	247,389	254,730
Long-term debt, net	2,434,476	2,087,486
Other long-term liabilities	21,631	17,771
Deferred tax liabilities, net	382	0
Operating lease liabilities, non-current	13,499	14,797
Total liabilities	2,717,377	2,374,784
Commitments and contingencies (Note 18)
Shareholders' equity and participation interest:
Additional paid-in capital	2,477,359	2,134,227
Accumulated other comprehensive losses	(11,671)	(6,136)
Accumulated losses	(1,665,166)	(1,338,715)
Total shareholders' equity	800,606	789,420
Participation interest	75,539	154,763
Total shareholders' equity and participation interest	876,145	944,183
Total liabilities, shareholders' equity and participation interest	3,593,522	3,318,967
Class A Ordinary Shares [Member]
Shareholders' equity and participation interest:
Ordinary shares, value	77	37
Class B Ordinary Shares [Member]
Shareholders' equity and participation interest:
Ordinary shares, value	$ 7	$ 7

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Class A Ordinary Shares [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, authorized	1,927,488,240	1,927,488,240
Ordinary shares, issued	770,352,700	370,352,700
Ordinary shares, outstanding	770,352,700	370,352,700
Class B Ordinary Shares [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, authorized	72,511,760	72,511,760
Ordinary shares, issued	72,511,760	72,511,760
Ordinary shares, outstanding	72,511,760	72,511,760

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating revenues:
Operating revenues	$ 11,548	$ 106,868	$ 49,208
Operating costs and expenses:
General and administrative (including expenses to related parties of $44,005, $46,712 and $52,213 for the years ended December 31, 2022, 2021 and 2020, respectively)	(79,785)	(87,577)	(89,006)
Pre-opening costs (including expenses to related parties of $1,975, $351 and $240 for the years ended December 31, 2022, 2021 and 2020, respectively)	(3,263)	(984)	(201)
Amortization of land use right	(3,300)	(3,325)	(3,333)
Depreciation and amortization	(123,656)	(124,309)	(157,001)
Property charges and other (including expenses to related parties of $5,622, $4,246 and $1,694 for the years ended December 31, 2022, 2021 and 2020, respectively)	(5,799)	(6,031)	(4,798)
Total operating costs and expenses	(288,764)	(298,441)	(329,136)
Operating loss	(277,216)	(191,573)	(279,928)
Non-operating income (expenses):
Interest income	6,427	3,060	1,276
Interest expenses, net of amounts capitalized	(92,358)	(90,967)	(104,799)
Other financing costs	(417)	(419)	(421)
Foreign exchange gains (losses), net	2,390	6,257	(3,434)
Other income (expenses), net	249	0	(81)
Loss on extinguishment of debt	0	(28,817)	(18,716)
Total non-operating expenses, net	(83,709)	(110,886)	(126,175)
Loss before income tax	(360,925)	(302,459)	(406,103)
Income tax (expense) benefit	(382)	457	1,011
Net loss	(361,307)	(302,002)	(405,092)
Net loss attributable to participation interest	34,856	49,447	83,466
Net loss attributable to Studio City International Holdings Limited	(326,451)	(252,555)	(321,626)
Casino Contract [Member]
Operating revenues:
Operating revenues	(56,665)	(1,455)	(42,682)
Operating costs and expenses:
Cost of revenue	(29,871)	(28,085)	(26,993)
Rooms [Member]
Operating revenues:
Operating revenues	17,915	38,749	21,997
Operating costs and expenses:
Cost of revenue	(11,119)	(12,176)	(11,229)
Food and Beverage [Member]
Operating revenues:
Operating revenues	17,489	26,734	22,653
Operating costs and expenses:
Cost of revenue	(24,403)	(27,853)	(27,301)
Entertainment [Member]
Operating revenues:
Operating revenues	1,649	2,649	1,389
Operating costs and expenses:
Cost of revenue	(2,253)	(2,842)	(3,409)
Services Fee [Member]
Operating revenues:
Operating revenues	21,889	24,906	26,151
Mall [Member]
Operating revenues:
Operating revenues	7,189	13,683	17,008
Operating costs and expenses:
Cost of revenue	(4,115)	(3,785)	(4,661)
Retail and Other [Member]
Operating revenues:
Operating revenues	2,082	1,602	2,692
Operating costs and expenses:
Cost of revenue	$ (1,200)	$ (1,474)	$ (1,204)
Class A Ordinary Shares [Member]
Net loss attributable to Studio City International Holdings Limited per Class A ordinary share:
Basic	$ (0.459)	$ (0.682)	$ (1.091)
Diluted	$ (0.461)	$ (0.682)	$ (1.103)
Weighted average Class A ordinary shares outstanding used in net loss attributable to Studio City International Holdings Limited per Class A ordinary share calculation:
Basic	710,582,947	370,352,700	294,837,092
Diluted	783,094,707	370,352,700	367,348,852

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
General and administrative expenses to related parties	$ 44,005	$ 46,712	$ 52,213
Pre-opening costs expenses to related parties	1,975	351	240
Property charges and other expenses to related parties	5,622	4,246	1,694
Casino Contract [Member]
Costs to related parties	28,740	27,223	25,576
Rooms [Member]
Revenues from related parties	13,088	30,974	15,981
Costs to related parties	7,277	7,948	7,527
Food and Beverage [Member]
Revenues from related parties	11,951	18,004	14,487
Costs to related parties	15,501	17,146	19,370
Entertainment [Member]
Revenues from related parties	499	361	25
Costs to related parties	2,061	2,207	2,273
Mall [Member]
Costs to related parties	1,588	1,711	2,025
Retail and Other [Member]
Costs to related parties	$ 1,005	$ 1,331	$ 1,220

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (361,307)	$ (302,002)	$ (405,092)
Other comprehensive (loss) income:
Foreign currency translation adjustments	(5,890)	(21,538)	15,208
Other comprehensive (loss) income	(5,890)	(21,538)	15,208
Total comprehensive loss	(367,197)	(323,540)	(389,884)
Comprehensive loss attributable to participation interest	35,211	52,973	79,865
Comprehensive loss attributable to Studio City International Holdings Limited	$ (331,986)	$ (270,567)	$ (310,019)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member] Class A Ordinary Shares [Member]	Common Stock [Member] Class B Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Accumulated Losses [Member]	Participation Interest [Member]
BEGINNING BALANCE at Dec. 31, 2019	$ 1,158,659	$ 24	$ 7	$ 1,655,602	$ 269	$ (764,534)	$ 267,291
BEGINNING BALANCE (in shares) at Dec. 31, 2019		241,818,016	72,511,760
Net loss	(405,092)	$ 0	$ 0	0	0	(321,626)	(83,466)
Foreign currency translation adjustments	15,208	0	0	0	11,607	0	3,601
Shares issued, net of offering expenses	498,948	$ 13	$ 0	498,935	0	0	0
Shares issued, net of offering expenses, shares		128,534,684	0
Change in Participation Interest resulting from 2022 Private Placements (as described in Note 13)	0	$ 0	$ 0	(20,310)	0	0	20,310
ENDING BALANCE at Dec. 31, 2020	1,267,723	$ 37	$ 7	2,134,227	11,876	(1,086,160)	207,736
ENDING BALANCE (in shares) at Dec. 31, 2020		370,352,700	72,511,760
Net loss	(302,002)	$ 0	$ 0	0	0	(252,555)	(49,447)
Foreign currency translation adjustments	(21,538)	0	0	0	(18,012)	0	(3,526)
ENDING BALANCE at Dec. 31, 2021	944,183	$ 37	$ 7	2,134,227	(6,136)	(1,338,715)	154,763
ENDING BALANCE (in shares) at Dec. 31, 2021		370,352,700	72,511,760
Net loss	(361,307)					(326,451)	(34,856)
Foreign currency translation adjustments	(5,890)				(5,535)		(355)
Shares issued, net of offering expenses	299,159	$ 40		299,119
Shares issued, net of offering expenses, shares		400,000,000
Change in Participation Interest resulting from 2022 Private Placements (as described in Note 13)				44,013			(44,013)
ENDING BALANCE at Dec. 31, 2022	$ 876,145	$ 77	$ 7	$ 2,477,359	$ (11,671)	$ (1,665,166)	$ 75,539
ENDING BALANCE (in shares) at Dec. 31, 2022		770,352,700	72,511,760

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (361,307)	$ (302,002)	$ (405,092)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	126,956	127,634	160,334
Amortization of deferred financing costs and original issue premiums	1,404	1,466	4,507
Loss (gain) on disposal of property and equipment and other long-term assets	134	171	(272)
Impairment loss recognized on property and equipment	0	1,500	3,769
Provision for (reversal of) credit losses	481	(65)	1,277
Loss on extinguishment of debt	0	28,817	18,716
Changes in operating assets and liabilities:
Accounts receivable	(16)	(91)	1,241
Receivables from affiliated companies	15,454	(5,750)	54,405
Inventories, prepaid expenses and other	4,070	(1,789)	1,931
Long-term prepayments, deposits and other	(5,678)	6,939	(54,748)
Accounts payable, accrued expenses and other	10,876	(6,024)	22,134
Payables to affiliated companies	27,967	14,207	24,512
Other long-term liabilities	884	(1,854)	(139)
Net cash used in operating activities	(178,775)	(136,841)	(167,425)
Cash flows from investing activities:
Acquisition of property and equipment	(452,126)	(400,367)	(202,712)
Funds to an affiliated company	(1,278)	(4,449)	(9,616)
Proceeds from sale of property and equipment and other long-term assets	9	1,694	2,640
Placement of bank deposits with original maturities over three months	0	(278,700)	0
Acquisition of intangible assets	0	(4,113)	(101)
Withdrawals of bank deposits with original maturities over three months	0	278,700	0
Net cash used in investing activities	(453,395)	(407,235)	(209,789)
Cash flows from financing activities:
Payments of deferred financing costs	(6,050)	(33,297)	(25,411)
Net proceeds from (payments for) issuance of shares	299,159	(445)	499,222
Proceeds from long-term debt	350,000	758,194	1,000,000
Principal payments on long-term debt	0	(252,944)	(850,000)
Net cash provided by financing activities	643,109	471,508	623,811
Effect of exchange rate on cash, cash equivalents and restricted cash	(705)	(3,372)	1,530
Increase (decrease) in cash, cash equivalents and restricted cash	10,234	(75,940)	248,127
Cash, cash equivalents and restricted cash at beginning of year	499,419	575,359	327,232
Cash, cash equivalents and restricted cash at end of year	509,653	499,419	575,359
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	(87,892)	(84,141)	(81,488)
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from operating leases	(726)	(734)	(735)
Change in operating lease right-of-use assets and lease liabilities arising from lease modification	(1,343)	(2,575)	3,213
Change in accrued expenses and other current liabilities and other long-term liabilities related to acquisition of property and equipment	100,394	142,682	61,024
Change in receivables from/payables to affiliated companies related to acquisition of property and equipment and other long-term assets	3,819	7,477	9,464
Change in payables to affiliated companies related to acquisition of intangible assets	0	0	3,938
Offering expenses capitalized for the issuance of shares included in accrued expenses and other current liabilities	$ 0	$ 0	$ 445

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS (a) Company Information Studio City International Holdings Limited (“Studio City International”) is an exempted company with limited liability registered by way of continuation in the Cayman Islands, with its American depositary shares (“ADSs”) listed on the New York Stock Exchange under the symbol “MSC” in the United States of America. Studio City International together with its subsidiaries (collectively referred to as the “Company”) currently operates the non-gaming operations Studio City International 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 $0.0001 each. The Class A ordinary share and Class B ordinary share have the same rights, except that holders of the Class B ordinary shares do not have any right to receive dividends or distributions upon the liquidation or winding up of Studio City International or to otherwise share in profits and surplus assets. MCO Cotai Investments Limited, a subsidiary of Melco, through its ownership of the Class A ordinary shares, is the controlling shareholder of Studio City International. New Cotai, LLC (“New Cotai”), a private company organized in the United States of America, is the holder of all outstanding Class B ordinary shares which have only voting and no economic rights. New Cotai has a non-voting, non-shareholding economic participation interest (“Participation Interest”) in MSC Cotai Limited (“MSC Cotai”), a subsidiary of Studio City International, which entitles New Cotai to receive from MSC Cotai an amount equal to a certain percentage of the amount of any distribution, dividend or other consideration paid by MSC Cotai to Studio City International, subject to adjustments, exceptions and conditions as set out in the participation agreement (the “Participation Agreement”) entered into by MSC Cotai, New Cotai and Studio City International in 2018 (the “MSC Cotai’s Distribution”). The Participation Agreement also provides that New Cotai is entitled to exchange all or a portion of its Participation Interest for a number of Class A ordinary shares subject to adjustments, exceptions and conditions as set out in the Participation Agreement and a proportionate number of Class B ordinary shares will be deemed surrendered and automatically cancelled for no consideration as set out in the Participation Agreement when New Cotai exchanges all or a portion of the Participation Interest for Class A ordinary shares. As of December 31, 2022 and 2021, the Participation Interest entitled New Cotai to receive from MSC Cotai an amount equal to approximately As of December 31, 2022 and 2021, Melco International Development Limited, a company listed in the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”), is the single largest shareholder of Melco. (b) Recent Developments Related to COVID-19 The disruptions to the Company’s business caused by the COVID-19 d The Company’s operations were during 2022 COVID-19 COVID-19 non-Macau five-day three-day were While quarantine-free travel to and from the PRC has resumed and pandemic measures eased significantly, the pace of recovery from COVID-19 related disruptions remains highly uncertain. As announced by Studio City International in May 2022, the Macau government granted a further extension of the development period under the Studio City land concession to June 30, 2023. The first stage opening of Studio City Phase 2 is expected to be in the second quarter of 2023, with the second stage opening expected in the third quarter of 2023. The Company is currently unable to reasonably estimate the financial impact to its future results of operations, cash flows and financial condition from these disruptions. As of December 31, 2022, the Company had cash and cash equivalents of $509,523 and available unused borrowing capacity under the 2016 SC Revolving Credit Facility (as defined in Note 10) of Hong Kong dollars (“HK$”) 233,000 (equivalent to $29,835), subject to the satisfaction of certain conditions precedent. The Company has taken various mitigating measures to manage through the COVID-19 non-essential The Company believes it will be able to support continuing operations and capital expenditures for at least twelve months after the date that these consolidated financial statements are issued. (c) Macau Gaming Subconcession and Concession Contract On September 8, 2006, Melco Resorts Macau entered into a subconcession contract to operate its gaming business in Macau, which expired on June 26, 2022. This subconcession contract was extended to December 31, 2022 by order of the Macau Chief Executive under the Macau gaming law pursuant to an amendment agreement entered into by Melco Resorts Macau on June 23, 2022. Such extension coincided with the extended expiration date of all the other concessions and subconcessions in Macau. On December 16, 2022, the Macau government awarded a ten-year concession to operate games of fortune and chance in casinos in Macau (the “Concession”) to Melco Resorts Macau. The term of the Concession commenced on January 1, 2023 and ends on December 31, 2032. Under the Concession, Melco Resorts Macau is authorized to operate the Studio City Casino. On December 30, 2022, in accordance with the obligations under letter of undertakings dated June 23, 2022, Melco Resorts Macau and Studio City Developments Limited (“Studio City Developments”), a subsidiary of Studio City International, which holds the land lease right for the property on which Studio City Casino is located, executed a public deed pursuant to which the gaming and gaming support areas comprising the Studio City Casino with an area o f square meters, and related gaming equipment and utensils (collectively as referred to the “Reversion Assets”), reverted to the Macau government, without compensation and free and clear from any charges or encumbrances, at the expiration of the subconcession in accordance with the Macau gaming law. Under the terms of the Macau gaming law and the Concession, effective as of January 1, 2023, the Reversion Assets have been transferred by the Macau government to Melco Resorts Macau for use in its operations during the Concession for a fee of MOP per square meter of the casino for years to of the Concession, subject to a consumer price index increase in years and of the Concession. The fee will increase to MOP per square meter of the casino for years to of the Concession, subject to a consumer price index increase in years to of the Concession. Melco Resorts Macau and Studio City Entertainment Limited (“Studio City Entertainment”), a subsidiary of Studio City International, entered into a services and right to use agreement on May 11, 2007, as amended on June 15, 2012, together with related agreements (the “Services and Right to Use Arrangements”), under which Melco Resorts Macau agreed to operate the Studio City Casino since the Company does not hold a gaming concession in Macau. These arrangements were amended on June 23, 2022 (the “Studio City Casino Agreement”) to align such agreement with the enacted amendments to the Macau gaming law. In addition, certain conditions imposed by the Macau government relating to the previously existing agreement, including in relation to shareholding requirements for certain direct and indirect shareholders of Studio City Entertainment, are no longer applicable.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation and Principles of Consolidation Under the Services and Right to Use Arrangements, Melco Resorts Macau deducts gaming taxes and the costs incurred in connection with its operations from Studio City Casino’s gross gaming revenues. The residual gross gaming revenues which the Company receives as revenue, previously captioned as revenue from provision of gaming related services, is now captioned as revenue from casino contract as a result of the amendments made to the Studio City Casino Agreement. In December 2015, certain of the Studio City International’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, which expired in June 2022 and were extended to December 31, 2032 in March 2023 . Under the Management and Shared Services Arrangements, certain of the corporate and administrative functions as well as operational activities of the Company are administered by staff employed by certain Melco 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 Company believes the costs incurred under the Studio City Casino Agreement, previously captioned as costs for provision of gaming related services and now captioned as costs related to casino contract, and the allocation methods under the Management and Shared Services Arrangements are reasonable and the accompanying consolidated financial statements reflect the Company’s cost of doing business. However, such allocations may not be indicative of the actual expenses the Company 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 19. The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The accompanying consolidated financial statements include the accounts of Studio City International and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. (b) Use of Estimates The preparation of the accompanying consolidated fina nci (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 Company 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 consist of bank time deposits (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 Company 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 Management believes that as of December 31, 2022 and 2021, no significant concentrations of credit risk existed for which an allowance had not already been recorded. (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) Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets represent current assets that are typically used up or expire within the normal operating cycle of the Company. The prepaid expenses as of December 31, 2022 and 2021 were $35,801 and $38,581, respectively, and the other current assets as of December 31, 2022 and 2021 were $2,920 and $4,052, respectively . (i) 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 accompanying 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 construction contracts, duties and tariffs, equipment installations, shipping costs, payroll and payroll-benefit related costs, applicable portions of interest, including 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 substantially suspended. 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 5 to 10 years or over the lease term, whichever is shorter Motor vehicles 5 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 projects. The capitalization of interest ceases when the project is substantially completed or the development activity is substantially suspended. The amount to be capitalized is determined by applying the weighted average interest rate of the Company’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 $141,977, $114,694 and $115,697, of which $49,619, $23,727 and $10,898 were capitalized during the years ended December 31, 2022, 2021 and 2020, respectively. ( k Other Long-term Assets Before the amendment of the Services and Right to Use Arrangements on June 23, 2022, other long-term assets, net represent the payments for the future economic benefits of certain plant and equipment for the operation of Studio City Casino (the “Studio City Gaming Assets”), transferred from Melco Resorts Macau to the Company pursuant to the Services and Right to Use Arrangements, less subsequent accumulated amortization and accumulated impairment losses, if any. After the amendment of the Services and Right to Use Arrangement on June 23, 2022, other long-term assets, net represent the payments to Melco Resorts Macau in accordance with the Studio City Casino Agreement for the future economic benefits of the Studio City Gaming Assets to be generated from the Studio City Casino Agreement for the operation of Studio City Casino, less subsequent accumulated amortization and accumulated impairment losses, if any. Other long-term assets are amortized using straight-line method over the respective estimated useful lives of the Studio City Gaming Assets, ranging from 2 to 10 years. The legal ownership of the Studio City Gaming Assets is retained by Melco Resorts Macau before and after the amendment of the Services and Right to Use Arrangements until the expiration of the subconcession on December 31, 2022, where the Reversion Assets (including certain of the Studio City Gaming Assets) that reverted to the Macau government at the expiration of the subconcession are owned by the Macau government. Effective as of January 1, 2023, the Reversion Assets were transferred to Melco Resorts Macau for the duration of the Concession, in return for annual payments for the right to operate the Reversion Assets as part of the Concession as disclosed in Note 1(c). The cost of the other long-term 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 in Studio City Casino. Any gain or loss arising on the disposal or retirement of cost of the other long-term 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 accompanying consolidated statements of operations. ( l Intangible Assets Intangible assets are amortized over their useful lives unless their lives are determined to be indefinite in which case they are not amortized. Intangible assets are carried at cost, less accumulated amortization. The Company’s intangible assets, which are finite-lived, consist of internal-use software. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives on a straight-line basis. Costs incurred to develop software for internal use are capitalized and amortized over the estimated useful lives of the software of 3 years on a straight-line basis. The capitalization of such costs begins during the application development stage of the software project and ceases once the software project is substantially complete and ready for its intended use. Costs of specified upgrades and enhancements to the internal-use ( m Impairment of Long-lived Assets The Company evaluates the long-lived assets with finite lives to be held and used for impairment whenever indicators of impairment exist. The Company then compares the estimated future cash flows of the assets, on an undiscounted basis, to the carrying values of the assets. Estimating future cash flows of the assets involves significant assumptions, including future revenue growth rates and gross margin s costs. No impairment loss was recognized during the year ended December 31, 2022 . During the years ended December , 1 and 0 , impairment losses of $ and $ were recognized, respectively, mainly due to reconfigurations and renovations at Studio City, and included in property charges and other in the accompanying consolidated statements of operations. As a result of the COVID-1 9 outbreak as disclosed in Note 1(b), the Company evaluated its long-lived assets for recoverability as of December 31, 2022 and 2021 and concluded no other impairment charges to be recorded. (n) 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 non-current, . (o) Land Use Right Land use right represents the upfront land premium paid for the use of land held under operating lease, which 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. ( p Leases At the inception of the contract or upon modification, the Company will perform an assessment as to whether the contract is a lease or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. A lessee has control of an identified asset if it has both the right to direct the use of the asset and the right to receive substantially all of the economic benefits from the use of the asset. Operating lease right-of-use right-of-use The Company’s lease contracts have lease and non-lease non-lease non-lease ( q Revenue Recognition The Company’s revenues from contracts with customers consist of revenue from casino contract, sales of rooms, food and beverage, entertainment, retail and other goods and services. Revenue from casino contract represents revenue arising from the Studio City Casino Agreement for the operations of Studio City Casino by Melco Resorts Macau. Revenue was previously captioned as revenue from provision of gaming related services before the amendment of the Services and Right to Use Arrangements on June 23, 2022, for the provision of facilities and services thereto by Studio City Entertainment to Melco Resorts Macau, under which Melco Resorts Macau operates the Studio City Casino. Melco Resorts Macau deducts gaming taxes and the costs incurred in connection with the operations of Studio City Casino pursuant to the Studio City Casino Agreement, 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 Company recognizes the residual amount as revenue from casino contract and was previously captioned as revenues from provision of gaming related services. The Company has concluded that it is not the controlling entity to the arrangements and recognizes the revenue from casino contract on a net basis . Non-gaming revenues include services provided for cash consideration and services provided on a complimentary basis to the gaming patrons at Studio City. The transaction prices for rooms, food and beverage, entertainment, retail and other goods and services are the net amounts collected from customers for such goods and services that are recorded as revenues when the goods are provided, services are performed or events are held. Service taxes and other applicable taxes collected by the Company are excluded from revenues. Advance deposits on rooms and advance ticket sales are recorded as customer deposits until services are provided to the customers. Revenues from contracts with multiple goods or services provided by the Company are allocated to each good or service based on its relative standalone selling price. 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 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 Company’s primary types of liabilities related to contracts with customers are advance deposits on rooms and advance ticket sales which represent cash received in advance for goods or services yet to be provided. These amounts are included in accrued expenses and other current liabilities on the accompanying 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 $1,793 as of December 31, 2022 decreased by $466 from the balance of $2,259 as of December 31, 2021. Advance customer deposits and ticket sales of $2,259 as of December 31, 2021 decreased by $144 from the balance of $2,403 as of December 31, 2020. ( r Pre-opening Pre-opening start-up pre-opening one-off ( s Advertising and Promotional Costs The Company 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 $3,692, $4,977 and $4,607 for the years ended December 31, 2022, 2021 and 2020, respectively. ( t Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of Studio City International and its subsidiaries during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the accompanying consolidated statements of operations. The functional currency of Studio City International is the United States dollar (“$” or “US$”) and the functional currency of most of Studio City International’s foreign subsidiaries is the local currency in which the subsidiary operates. 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 foreign subsidiaries’ financial statements are recorded as a component of other comprehensive (loss) income. ( u Comprehensive Loss and Accumulated Other Comprehensive Losses Comprehensive loss includes net loss and other non-shareholder As of December 31, 2022 and 2021, the Company’s accumulated other comprehensive losses consisted solely of foreign currency translation adjustments, net of tax and participation interest. ( v Income Tax The Company 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 accompanying 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 Company’s income tax returns are subject to examination by tax authorities in the jurisdictions where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. These accounting standards utilize a two-step ( w 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 adjusted for participation interest 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 method is applied for the potential dilutive effect of the exchange of Class B ordinary shares for the proportionate number of Class A ordinary shares. During the year ended December 31, 2021, there were no potentially dilutive securities issued or outstanding. Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share does not include Class B ordinary shares as such shares do not participate in t he share. The weighted average number of Class A ordinary shares used in the calculation of basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share consisted of the following: Year Ended December 31, 2022 2021 2020 Weighted average number of Class A ordinary shares outstanding used in the calculation of basic net loss attributable to Studio City International Holdings Limited per Class A ordinary share 710,582,947 370,352,700 294,837,092 Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted 72,511,760 — 72,511,760 Weighted average number of Class A ordinary shares outstanding used in the calculation of diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share 783,094,707 370,352,700 367,348,852 Anti-dilutive Class A ordinary shares under the if-converted — 72,511,760 — ( x Recent Changes in Accounting Standards Recent Accounting Pronouncement Not Yet Adopted The Company has evaluated the recently issued, but not yet effective, accounting pronouncements that have been issued or proposed by the Financial Accounting Standards Board or other standards-setting bodies through the filing date of these financial statements, and anticipated the future adoption of these pronouncements will not have a material effect on the Company’s financial position, results of operations and cash flows.

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	3. CASH, CASH EQUIVALENTS AND RESTRICTED CASH Cash, cash equivalents and restricted cash reported within the accompanying consolidated statements of cash flows consisted of the following: December 31, 2022 2021 Cash $ 54,340 $ 81,370 Cash equivalents 455,183 417,919 Total c 509,523 499,289 Non-current 130 130 Total cash, cash equivalents and restricted cash $ 509,653 $ 499,419

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE	4. ACCOUNTS RECEIVABLE Components of accounts receivable are as follows: December 31, 2022 2021 Hotel $ 250 $ 204 Other 13 43 $ 263 $ 247 Movement in the allowances for credit losses are as follows: Year Ended December 31, 2022 2021 2020 Balance at beginning of year $ — $ 976 $ 965 Provision for credit losses — — 6 Write-offs — (970 ) — Effect of exchange rate — (6 ) 5 Balance at end of year $ — $ — $ 976

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	5. PROPERTY AND EQUIPMENT, NET December 31, 2022 2021 Cost Buildings $ 2,301,644 $ 2,306,889 Furniture, fixtures and equipment 286,436 224,826 Leasehold improvements 110,981 106,200 Motor vehicles 2,596 2,599 Construction in progress 1,079,112 721,471 Sub-total 3,780,769 3,361,985 Less: accumulated depreciation and amortization (912,705 ) (805,945 ) Property and equipment, net $ 2,868,064 $ 2,556,040 As of December 31, 2022 and 2021, 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 $131,854 and $67,974, respectively . The depreciation and amortization expenses of property and equipment recognized for the years ended December 31, 2022, 2021 and 2020 were $113,028, $111,335 and $139,891, respectively. The Reversion Assets that as part of the Concession Note 1(c). As Melco Resorts Macau and Studio City Developments will continue to operate the Reversion Assets in the same manner as under the previous subconcession, obtain substantially all of the economic benefits and bear all of the risks arising from the use of these assets, as well as assuming Melco Resorts Macau will be successful in the awarding of a new concession upon expiry of the Concession, Melco Resorts Macau and Studio City Developments will continue to recognize these Reversion Assets as property and equipment over their remaining estimated useful lives.

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	6. INTANGIBLE ASSETS, NET December 31, 2022 2021 Finite-lived intangible assets: Internal-use $ 4,200 $ 4,207 Less: accumulated amortization (2,827 ) (1,430 ) $ 1,373 $ 2,777 The amortization expenses of internal-use As of December 31, 2022, the estimated future amortization expenses of internal-use Year ending December 31, 2023 $ 1,368 2024 5 $ 1,373

LONG-TERM PREPAYMENTS, DEPOSITS

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2022
Long Term Prepayments Deposits And Other Assets [Abstract]
LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	7. LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS Long-term prepayments, deposits and other assets consisted of the following: December 31, 2022 2021 Other long-term assets $ 16,824 $ 108,494 Less: accumulated amortization (4,309 ) (89,017 ) Other long-term assets, net 12,515 19,477 Long-term prepayments 29,250 23,644 Advance payments and deposits for acquisition of property and equipment 1,645 21,651 Other deposits and other 4,582 4,463 Deferred financing costs, net 333 389 Long-term prepayments, deposits and other assets $ 48,325 $ 69,624 The amortization expenses of other long-term assets recognized for the years ended December 31, 2022, 2021 and 2020 were $9,232, $11,573 and $17,077, respectively.

LAND USE RIGHT, NET

LAND USE RIGHT, NET	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
LAND USE RIGHT, NET	8. LAND USE RIGHT, NET December 31, 2022 2021 Cost $ 177,790 $ 178,041 Less: accumulated amortization (69,145 ) (65,927 ) Land use right, net $ 108,645 $ 112,114

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES December 31, 2022 2021 Property and equipment payables $ 87,701 $ 131,071 Interest expenses payable 63,371 54,182 Operating expense and other accruals and liabilities 11,728 12,994 Advance customer deposits and ticket sales 1,793 2,259 Operating lease 1,095 899 $ 165,688 $ 201,405

LONG-TERM DEBT, NET

LONG-TERM DEBT, NET	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT, NET	10. LONG-TERM DEBT, NET Long-term debt, net consisted of the following: December 31, 2022 2021 Senior Notes 2022 7.000% Studio City Secured Notes, due 2027 (net of unamortized deferred financing costs of $5,134) $ 344,866 $ — 2021 5.000% Studio City Notes, due 2029 (net of unamortized deferred financing costs and original issue premiums of $4,228 and $4,798, respectively) 1,095,772 1,095,202 2020 6.000% SC Notes, due 2025 (net of unamortized deferred financing costs of $2,692 and $3,658, respectively) 497,308 496,342 2020 6.500% SC Notes, due 2028 (net of unamortized deferred financing costs of $3,598 and $4,186, respectively) 496,402 495,814 Credit Facilities 2016 Studio City Credit Facilities (1) 128 128 $ 2,434,476 $ 2,087,486 Note (1) As of December 31, 2022 and 2021, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $333 and $389 are included in long-term prepayments, deposits and other assets in the accompanying consolidated balance sheets, respectively. (a) Senior Notes 2022 7.000% Studio City Secured Notes On February 16, 2022, Studio City Company Limited (“Studio City Company”), a subsidiary of Studio City International , per annum, payable semi-annually in arrears on February 15 and August 15 of each year and commenced on August 15, 2022. The 2022 7.000% Studio City Secured Notes are senior secured obligations of Studio City Company, rank equally in right of payment to all existing and future senior Studio City Investments Limited (“Studio City Investments”), the shareholder of Studio City Company, all of its existing subsidiaries (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 “2022 7.000% Studio City Secured Notes Guarantors”) jointly, severally and unconditionally guarantee the 2022 7.000% Studio City Secured Notes on a senior basis (the “2022 7.000% Studio City Secured Notes Guarantees”). The 2022 7.000% Studio City Secured Notes Guarantees are senior obligations of the 2022 7.000% Studio City Secured Notes Guarantors, rank equally in right of payment to all existing and future senior indebtedness of the 2022 7.000% Studio City Secured Notes Guarantors and rank senior in right of payment to any existing and future subordinated indebtedness of the 2022 7.000% Studio City Secured Notes Guarantors. The 2022 7.000% Studio City Secured Notes Guarantees are pari passu to the 2022 7.000% 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 2022 7.000% Studio City Secured Notes and the 2022 7.000% Studio City Secured Notes Guarantees, to the extent of the value of the assets. The 2022 7.000% 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 the common collateral securing the 2022 7.000% Studio City Secured Notes will have priority over the 2022 7.000% Studio City Secured Notes with respect to any proceeds received upon any enforcement action of such common collateral); in addition, in line with the 2016 Studio City Credit Facilities, the 2022 7.000% Studio City Secured Notes are also secured by certain specified bank accounts. At any time prior to February 15, 2024, Studio City Company has the options i) to redeem all or a portion of the 2022 7.000% Studio City Secured Notes at a “make-whole” redemption price; and ii) to redeem up to 35% of the 2022 7.000% Studio City 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 2022 7.000% Studio City Secured Notes at any time at fixed redemption prices that decline ratably over time. Further, under certain circumstances and subject to certain exceptions as more fully described in the indenture governing the 2022 7.000% Studio City Secured Notes, Studio City Company also has the option to redeem in whole, but not in part the 2022 7.000% Studio City Secured Notes at fixed redemption prices. In certain events that relate to a change of control or a termination of the gaming concession of Melco Resorts Macau and subject to certain exceptions as more fully described in the indenture governing the 2022 7.000% Studio City Secured Notes, each holder of the 2022 7.000% Studio City Secured Notes will have the right to require Studio City Company to repurchase all or any part of such holder’s 2022 7.000% Studio City Secured Notes at a fixed redemption price. The indenture governing the 2022 7.000% 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 and investments; (iii) prepay or redeem subordinated debt or equity; (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 2022 7.000% Studio City Secured Notes also contains conditions and events of default customary for such financings. There are provisions under the indenture governing the 2022 7.000% 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, 2022, the net assets of Studio City Investments and its restricted subsidiaries of approximately $821,000 were restricted from being distributed under the terms of the 2022 7.000% Studio City Secured Notes. 2021 5.000% Studio City Notes On January 14, 2021, Studio City Finance Limited (“Studio City Finance”), a subsidiary of Studio City International , 5.000 5.000 5.000 5.000 5.000 5.000 per annum, payable semi-annually in arrears on January 15 and July 15 of each year and commenced on July 15, 2021. The 2021 5.000 The net proceeds from the offering of the 2021 5.000% Studio City Notes were partially used to fund the conditional tender offer and the remaining outstanding balance with accrued interest of previous senior notes of Studio City Finance in February 2021; and with the remaining balance to partially fund the capital expenditures of the remaining development project at Studio City and for general corporate purposes. All of the existing subsidiaries of Studio City Finance and any other future restricted subsidiaries that provide guarantees of certain specified indebtedness (including the 2016 Studio City Credit Facilities as described below) (the “2021 5.000% Studio City Notes Guarantors”) jointly, severally and unconditionally guarantee the 2021 5.000% Studio City Notes on a senior basis (the “2021 5.000% Studio City Notes Guarantees”). The 2021 5.000% Studio City Notes Guarantees are general obligations of the 2021 5.000% Studio City Notes Guarantors, rank equally in right of payment to all existing and future senior indebtedness of the 2021 5.000% Studio City Notes Guarantors and rank senior in right of payment to any existing and future subordinated indebtedness of the 2021 5.000% Studio City Notes Guarantors. The 2021 5.000% Studio City Notes Guarantees are effectively subordinated to the 2021 5.000% Studio City Notes Guarantors’ obligations under all existing and any future secured indebtedness to the extent of the value of such property and assets securing such indebtedness. At any time prior to January 15, 2024, Studio City Finance has the options i) to redeem all or a portion of the 2021 5.000% Studio City Notes at a “make-whole” redemption price; and ii) to redeem up to 35% of the 2021 5.000% Studio City Notes with the net cash proceeds of certain equity offerings at a fixed redemption price. Thereafter, Studio City Finance has the option to redeem all or a portion of the 2021 5.000% Studio City Notes at any time at fixed redemption prices that decline ratably over time. Further, under certain circumstances and subject to certain exceptions as more fully described in the indenture governing the 2021 5.000% Studio City Notes, Studio City Finance also has the option to redeem in whole, but not in part the 2021 5.000% Studio City Notes at fixed redemption prices. In certain events that relate to a change of control or a termination of the gaming concession of Melco Resorts Macau and subject to certain exceptions as more fully described in the indenture governing the 2021 5.000% Studio City Notes, each holder of the 2021 5.000% Studio City Notes will have the right to require Studio City Finance to repurchase all or any part of such holder’s 2021 5.000% Studio City Notes at a fixed redemption price. The indenture governing the 2021 5.000% Studio City Notes contains 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 2021 5.000% Studio City Notes also contains conditions and events of default customary for such financings. There are provisions under the indenture governing the 2021 5.000% Studio City Notes that limit or prohibit certain payments of dividends and other distributions by Studio City Finance and its restricted subsidiaries to companies or persons who are not Studio City Finance or restricted subsidiaries of Studio City Finance, subject to certain exceptions and conditions. As of December 31, 2022, the net assets of Studio City Finance and its restricted subsidiaries of approximately $887,000 were restricted from being distributed under the terms of the 2021 5.000% Studio City Notes. 2020 Studio City Notes On July 15, 2020, Studio City Finance issued $500,000 in aggregate principal amount of 6.000% senior notes due July 15, 2025 at an issue price of 100% of the principal amount (the “2020 6.000% SC Notes”) and $500,000 in aggregate principal amount of 6.500% senior notes due The net proceeds from the offering of the 2020 Studio City Notes were partially used to redeem in full the previous senior secured notes of Studio City Company with accrued interest and redemption premium in August 2020 and with the remaining amount used for the capital expenditures of the remaining development project at Studio City. All of the existing subsidiaries of Studio City Finance and any other future restricted subsidiaries that provide guarantees of certain specified indebtedness (including the 2016 Studio City Credit Facilities) (the “2020 Studio City Notes Guarantors”) jointly, severally and unconditionally guarantee the 2020 Studio City Notes on a senior basis (the “2020 Studio City Notes Guarantees”). The 2020 Studio City Notes Guarantees are general obligations of the 2020 Studio City Notes Guarantors, rank equally in right of payment to all existing and future senior indebtedness of the 2020 Studio City Notes Guarantors and rank senior in right of payment to any existing and future subordinated indebtedness of the 2020 Studio City Notes Guarantors. The 2020 Studio City Notes Guarantees are effectively subordinated to the 2020 Studio City Notes Guarantors’ obligations under all existing and any future secured indebtedness to the extent of the value of such property and assets securing such indebtedness. At any time prior to July 15, 2022, Studio City Finance ha d price. The indenture governing the 2020 Studio City Notes contains 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 2020 Studio City Notes also contains conditions and events of default customary for such financings. There are provisions under the indenture governing the 2020 Studio City Notes that limit or prohibit certain payments of dividends and other distributions by Studio City Finance and its restricted subsidiaries to companies or persons who are not Studio City Finance or restricted subsidiaries of Studio City Finance, subject to certain exceptions and conditions. As of December 31, 2022, the net assets of Studio City Finance and its restricted subsidiaries of approximately $887,000 were restricted from being distributed under the terms of the 2020 Studio City Notes. (b) Credit Facilities 2016 Studio City Credit Facilities On November 30, 2016, Studio City Company (the “Studio City Borrower”) amended and restated the Studio City Borrower’s prior senior secured credit facilities agreement from HK$10,855,880 (equivalent to $1,395,357) to a HK$234,000 (equivalent to $30,077) senior secured credit facilities agreement (the “2016 Studio City Credit Facilities”), comprising a HK$1,000 (equivalent to $129) term loan facility (the “2016 SC Term Loan Facility”) and a HK$233,000 (equivalent to $29,948) revolving credit facility (the “2016 SC Revolving Credit Facility”). As of December 31, 2022, the outstanding principal amount of the 2016 SC Term Loan Facility and the 2016 SC Revolving Credit Facility were HK$1,000 (equivalent to $128) and nil, respectively, and the available unused borrowing capacity under the 2016 SC Revolving Credit Facility was HK$233,000 (equivalent to $29,835). On March 15, 2021, Studio City Company amended the terms of the 2016 Studio City Credit Facilities, including the extension of the maturity date for the 2016 SC Term Loan Facility and the 2016 SC Revolving Credit Facility from November 30, 2021 to January 15, 2028 (the “Extended Maturity Date”). The 2016 SC Term Loan Facility shall be repaid at the Extended Maturity Date with no interim amortization payments. The 2016 SC Revolving Credit Facility is available up to the date that is one month prior to the 2016 SC Revolving Credit Facility’s Extended Maturity Date. Changes have also been made to the covenants in order to align them with those of certain other financings at Studio City Finance, including amending the threshold sizes and measurement dates of the covenants. The 2016 SC Term Loan Facility is collateralized by cash of HK$1,012 (equivalent to $130). 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 2016 Studio City Credit Facilities 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 aligned with those of certain other financings at Studio City Finance. Certain specified bank accounts of Melco Resorts Macau are pledged under 2016 Studio City Credit Facilities and related finance documents. The 2016 Studio City Credit Facilities are secured by substantially all of the material assets of Studio City Investments and its subsidiaries. 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 and investments; (iii) prepay or redeem subordinated debt or equity; (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 2016 Studio City Credit Facilities also contain conditions and events of default customary for such financings. In addition, modification, expiry, or termination of the gaming concession of Melco Resorts Macau in circumstances that have a material adverse effect on the 2016 Studio City Borrowing Group (as a whole) will allow lenders to elect for the mandatory prepayment of all outstanding loan amounts. 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, 2022, the net assets of Studio City Investments and its restricted subsidiaries of approximately $821,000 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 the Hong Kong Interbank Offered Rate 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 on the undrawn amount of the 2016 SC Revolving Credit Facility and recognized loan commitment fees of $417, $419 and $421 during the years ended December 31, 2022, 2021 and 2020, respectively. (c) Borrowing Rates and Scheduled Maturities of Long-term Debt During the years ended December 31, 2022, 2021 and 2020, the Company’s average borrowing rates were approximately 5.77%, 5.69% and 6.98% per annum, respectively. Scheduled maturities of the long-term debt (excluding unamortized deferred financing costs and original issue premiums) as of December 31, 2022 are as follows: Year ending December 31, 2023 $ — 2024 — 2025 500,000 2026 — 2027 350,000 Over 2027 1,600,128 $ 2,450,128

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	11. LEASES Lessee Arrangements The Company is the lessee under operating leases for equipment and real estate, including the land in Macau on which Studio City is located. Certain leases include options to extend the lease term and options to terminate the lease term. The land concession contract of Studio City has a term of 25 years, which is renewable for further consecutive periods of 10 years, subject to applicable legislation in Macau. The estimated term related to the land concession contract of Studio City is 40 years. The components of operating lease costs are as follows: Year Ended December 31, 2022 2021 2020 Amortization of land use right $ 3,300 $ 3,325 $ 3,333 Operating lease costs 1,078 1,094 1,108 Short-term lease costs — — 405 Total operating lease costs $ 4,378 $ 4,419 $ 4,846 Other information related to lease terms and discount rates of operating leases is as follows: December 31, 2022 2021 Weighted average remaining lease term Weighted average discount rate 7.00% 6.30% Maturities of operating lease liabilities as of December 31, 2022 are as follows: Year ending December 31, 2023 $ 1,127 2024 1,127 2025 1,127 2026 1,127 2027 1,127 Over 2027 31,320 Total future minimum lease payments 36,955 Less: amount representing interest (22,361 ) Present value of future minimum lease payments 14,594 Current portion (1,095 ) Non-current $ 13,499 Lessor Arrangements The Company is the lessor under non-cancellable During the years ended December 31, 2022, 2021 and 2020, the Company earned minimum operating lease income of $3,714, $7,125 and , respectively , and contingent operating lease income of $449, $1,638 and , respectively. Total lease income for the years ended December 31, 2022, 2021 and 2020 were reduced by $198, nil and , respectively, as a result of the rent concessions and uncollectible lease income related to the effects of the COVID-19 Future minimum fees, excluding the contingent fees to be received under non-cancellable Year ending December 31, 2023 $ 3,117 2024 2,333 2025 1,352 2026 1,288 2027 908 Over 2027 1,106 $ 10,104

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	12. FAIR VALUE MEASUREMENTS Authoritative literature provides a fair value hierarchy, which prioritizes the input to valuation techniques used to measure fair values into three broad levels. The level in the hierarchy within which the fair value measurements in its entirety 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 equivalents, 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 values , their values its As of December 31, 2022 and 2021, the Company did not have any non-financial

CAPITAL STRUCTURE

CAPITAL STRUCTURE	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
CAPITAL STRUCTURE	13. CAPITAL STRUCTURE During July and August 2020, Studio City International , , paid-in During February and March 2022, Studio City International , , paid-in As of December 31, 2022 and 2021, Studio City International’s authorized share capital was 1,927,488,240 Class A ordinary shares and 72,511,760 Class B ordinary shares of a par value of $0.0001 each . As of December 31, 2022, Class A ordinary shares and Class B ordinary shares were issued and outstanding and as of December 31, 2021, 370,352,700 Class A ordinary shares and 72,511,760 Class B ordinary shares were issued and outstanding.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	14. INCOME TAXES Loss before income tax consisted of: Year Ended December 31, 2022 2021 2020 Macau operations $ (271,801 ) $ (191,655 ) $ (278,388 ) Hong Kong and other jurisdictions operations (89,124 ) (110,804 ) (127,715 ) Loss before income tax $ (360,925 ) $ (302,459 ) $ (406,103 ) The income tax expense (benefit) consisted of: Year Ended December 31, 2022 2021 2020 Income tax expense - current: Hong Kong Profits Tax $ 1 $ 9 $ — (Over) under provision of income taxes in prior years: Macau Complementary Tax — (29 ) — Hong Kong Profits Tax — 8 — Sub-total — (21 ) — Income tax expense ( benefit Macau Complementary Tax 381 (445 ) (1,011 ) Total income tax expense ( benefit $ 382 $ (457 ) $ (1,011 ) A reconciliation of the income tax expense ( benefit Year Ended December 31, 2022 2021 2020 Loss before income tax $ (360,925 ) $ (302,459 ) $ (406,103 ) Macau Complementary Tax rate 12 % 12 % 12 % Income tax benefit (43,311 ) (36,295 ) (48,732 ) Effect of different tax rates of subsidiaries operating in other jurisdictions (3,449 ) (5,385 ) (2,995 ) Over provision in prior years — (21 ) — Effect of income for which no income tax expense is payable (1,438 ) (534 ) (295 ) Effect of expenses for which no income tax benefit is receivable 16,560 20,970 19,724 Effect of tax losses that cannot be carried forward — 5,532 10,768 Changes in valuation allowances 16,202 (925 ) 7,361 Expired tax losses 15,818 16,201 13,158 Income tax expense ( benefit $ 382 $ (457 ) $ (1,011 ) Studio City International and certain of its subsidiaries are exempt from tax in the Cayman Islands or British Virgin Islands (“BVI”), where they are incorporated, while one of these subsidiaries incorporated in BVI is subject to Hong Kong Profits Tax on income derived from Hong Kong during the years ended December 31, 2022, 2021 and 2020. The remaining subsidiaries of Studio City International incorporated in Macau and Hong Kong are subject to Macau Complementary Tax and Hong Kong Profits Macau Complementary Tax and Hong Kong Profits Tax have been 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, 2022, 2021 and 2020, if applicable. Pursuant to the approval notice issued by the Macau government in January 2017, Studio City Entertainment was granted an extension of the Macau Complementary Tax exemption on profits generated from income received from Melco Resorts Macau under the Services and Right to Use Arrangements (as amended on June 23, 2022 as Studio City Casino Agreement) for an additional from 2017 to 2021, to the extent that such income is derived from Studio City gaming operations and has been subject to gaming tax. Studio City Entertainment applied for an extension of the Macau Complementary Tax exemption for 2022 and for the period from , and the applications are currently pending approval by the Macau government. The non-gaming During the years ended December 31, 2022, 2021 and 2020, Studio City Entertainment did not have any taxable income or profits generated from income received from Melco Resorts Macau under the Studio City Casino Agreement or the Services and Right to Use Arrangements. The effective tax rates for the years ended December 31, 2022, 2021 and 2020 were (0.1)%, 0.2% and 0.2%, respectively. Such rates differ from the statutory Macau Complementary Tax rate of 12%, where the Company’s majority operations are located, primarily due to the effects of expenses for which no income tax benefit is receivable, expired tax losses, changes in valuation allowances, different tax rates of subsidiaries operating in other jurisdictions and income for which no income tax expense is payable for the relevant years together with the effect of tax losses that cannot be carried forward for the years ended December 31, 2021 and 2020. The net deferred tax liabilities as of December 31, 2022 and 2021 consisted of the following: December 31, 2022 2021 Deferred tax assets Net operating losses carried forward $ 57,522 $ 45,009 Depreciation and amortization 33,512 30,076 Lease liabilities 1,751 1,883 Others 154 58 Sub-total 92,939 77,026 Valuation allowances (91,092 ) (74,417 ) Total deferred tax assets 1,847 2,609 Deferred tax liabilities Right-of-use (1,576 ) (1,750 ) Unrealized capital allowances (653 ) (859 ) Total deferred tax liabilities (2,229 ) (2,609 ) Deferred tax liabilities, net $ (382 ) $ — As of December 31, 2022 and 2021, valuation allowances of $91,092 and $74,417 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, 2022, adjusted operating tax losses carried forward, amounting to $144,253, $100,792 and $234,291 will expire in 2023, 2024 and 2025, respectively. Adjusted operating tax losses carried forward of $131,813 expired during the year ended December 31, 2022. 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 Studio City International available for distribution to Studio City International of approximately $745,397 and $846,735 as at December 31, 2022 and 2021, 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 Studio City International. If those earnings were to be distributed or they were determined to be no longer permanently reinvested, Studio City International would have to record a deferred income tax liability in respect of those undistributed earnings of approximately $89,448 and $101,608 as at December 31, 2022 and 2021, respectively. The Company concluded that there were no significant uncertain tax positions requiring recognition in the accompanying consolidated financial statements for the years ended December 31, 2022, 2021 and 2020 and there are no material unrecognized tax benefits which would favorably affect the effective income tax rates in future periods. As of December 31, 2022 and 2021, there were no interest and penalties related to uncertain tax positions recognized in the accompanying consolidated financial statements. The Company does not anticipate any significant increases or decreases in unrecognized tax benefits within the next twelve months. Income tax returns of Studio City International’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.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	15. SHARE-BASED COMPENSATION Certain restricted shares were approved by Melco be granted to the eligible management personnel of Melco in lieu of the bonus for their services performed during 2022, 2021 and 2020 under respective share incentive plans adopted by Melco in 2021 and 2011 (the “Bonus Restricted Shares”). The Bonus Restricted Shares for 2022 are expected to be granted in April 2023 and the Bonus Restricted Shares for 2021 and 2020 were granted in April 2022 and March 2021, respectively. The Bonus Restricted Shares vest immediately on its grant dates and the grant date fair value was determined with reference to the closing price of Melco’s ADS trading on the Nasdaq Global Select Market on the date of grant. In accordance with the applicable accounting standards, the share-based compensation expenses related to the grant of Bonus Restricted Shares for 2022, 2021 and 2020 to the eligible management personnel of Melco, to the extent of services received by the Company, were recognized for the years ended December 31, 2022, 2021 and 2020, respectively, in the accompanying consolidated statements of operations with a corresponding increase in payables to affiliated companies as the amounts were charged to the Company by Melco and its subsidiaries under the Management and Shared Services Arrangements. The share-based compensation expenses for the Company were recognized as follows: Year Ended December 31, 2022 2021 2020 Share-based compensation expenses $ 361 $ 438 $ 1,200 Less: share-based compensation expenses capitalized in construction in progress — — (409 ) Share-based compensation expenses recognized in general and administrative expenses $ 361 $ 438 $ 791

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	16. EMPLOYEE BENEFIT PLANS The Company provides defined contribution plans for its employees in Macau. Certain executive officers of the Company are members of defined contribution plan in Hong Kong operated by Melco. During the years ended December 31, 2022, 2021 and 2020, the Company’s contributions into these plans were $21, $8 and $28, respectively.

DISTRIBUTION OF PROFITS

DISTRIBUTION OF PROFITS	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
DISTRIBUTION OF PROFITS	17. DISTRIBUTION OF PROFITS All subsidiaries of Studio City International incorporated in Macau are required to set aside a minimum of 25% of the entity’s profit after tax 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 the legal reserve is recorded in the subsidiaries’ financial statements in the year in which it is approved by the shareholders of the relevant subsidiaries. As of December 31, 2022 and 2021, the balance of the reserve amounted to $6 and $6, respectively. The Company’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 and the credit facility agreement, details of which are disclosed in Note 10 under each of the respective borrowings. During the years ended December 31, 2022, 2021 and 2020, Studio City International 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
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	18. COMMITMENTS AND CONTINGENCIES (a) Capital Commitments As of December 31, 2022, the Company had capital commitments contracted for but not incurred for the construction and acquisition of property and equipment for Studio City totaling $23,371. (b) Other Commitment Studio City Land Concession In accordance with the Studio City land concession and the further extension granted by the Macau government as announced by Studio City International in May 2022, the land on which Studio City is located must be fully developed by June 30, 2023. (c) Guarantee Except as disclosed in Note 10, the Company has made the following significant guarantee as of December 31, 2022: Trade Credit Facility In October 2013, one of the Studio City International’s subsidiaries entered into a trade credit facility agreement for HK$200,000 (equivalent to $25,610) (“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, 2021 was further extended to August 31, 2023, and is guaranteed by Studio City Company. As of December 31, 2022, approximately $640 of the Trade Credit Facility had been utilized. (d) Litigation As of December 31, 2022, the Company was a party to certain legal proceedings which relate to matters arising out of the ordinary course of its business. Management believes that the outcomes of such proceedings have been adequately provided for or have no material impacts on the Company’s consolidated financial statements as a whole.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS During the years ended December 31, 2022, 2021 and 2020, the Company entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2022 2021 2020 Transactions with affiliated companies Melco and its subsidiaries Revenues (services provided by the Company): Revenue from casino contract $(56,665 ) $ (1,455 ) $ (42,682 ) Rooms and food and beverage (1) 25,039 48,978 30,468 Services fee (2) 21,889 24,906 26,151 Entertainment (1) 499 361 25 Costs and expenses (services provided to the Company): Staff costs recharges (3) (4) 56,620 59,676 65,515 Corporate services (5) 33,263 32,354 32,354 Other services 17,705 16,696 14,118 Staff costs for construction and renovation work capitalized (4) 11,864 11,362 10,949 Purchases of goods and services 186 149 151 Sale and purchase of assets: Sale of property and equipment and other long-term assets 8 1,695 2,692 Transfer-in 2,423 5,167 7,206 Purchases of intangible assets — 192 3,938 Notes (1) These revenues primarily represented the standalone selling prices 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, 2022, 2021 and 2020, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $25,538, $49,339 and $30,493, respectively, of which $22,884, $44,117 and $27,090 related to Studio City Casino’s gaming patrons and $2,654, $5,222 and $3,403 related to non-Studio (2) Services provided by the Company 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) These staff costs included share-based compensation expenses. (5) Corporate services are provided to the Company by Melco and its subsidiaries. These services include, but are not limited to, general corporate services and senior executive management services for operational purposes. Other Related Party Transaction As of December 31, 2022 and 2021, Mr. Lawrence Yau Lung Ho, Studio City International’s director, and his controlled entity held an aggregate principal amount of $60,000 and $60,000 of senior notes issued by Studio City Finance, respectively. As of December 31, 2022, an independent director of Studio City International held an aggregate principal amount of $400 of senior notes issued by Studio City Company. During the years ended December 31, 2022, 2021 and 2020, total interest expenses of $3,300, $4,494 and $1,740 in relation to the senior notes issued by Studio City Finance, were paid or payable to Mr. Lawrence Yau Lung Ho and his controlled entity, respectively. During the year ended December 31, 2022, total interest expenses of $14 in relation to the senior notes issued by Studio City Company, were paid or payable to the independent director of Studio City International. (a) Receivables from Affiliated Companies The outstanding balances as of December 31, 2022 and 2021 are receivables from Melco’s subsidiaries mainly arising from operating income or prepayment of operating expenses, and are unsecured, non-interest (b) Payables to Affiliated Companies The outstanding balances as of December 31, 2022 and 2021 are payables to Melco and its subsidiaries mainly arising from operating expenses, and are unsecured, non-interest

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	20. SEGMENT INFORMATION The Company’s principal operating activities are engaged in the hospitality business and provision of services pursuant to a casino contract in Macau. The Company monitors its operations and evaluates its earnings by reviewing the assets and operations of Studio City as one operating segment. Accordingly, the Company does not present separate segment information. As of December 31, 2022 and 2021, the Company operated in one geographical area, Macau, where it derives its revenues and its long-lived assets are located.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	21. SUBSEQUENT EVENTS The Management and Shared Services Arrangements which expired in June 2022 were extended to December 31, 2032 in March 2023.

ADDITIONAL INFORMATION - FINANC

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2022
Parent Company [Member]
ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY	STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED BALANCE SHEETS (In thousands, except share and per share data) December 31, 2022 2021 ASSETS Current assets: Cash and cash equivalents $ 27 $ 38 Receivables from a subsidiary 3,398 — Prepaid expenses and other current assets 7 — Total current assets 3,432 38 Investments in subsidiaries 802,512 790,471 Other long-term assets — 452 Total assets $ 805,944 $ 790,961 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accrued expenses and other current liabilities $ 739 $ 1,186 Payables 474 — Payables 4,125 355 Total current liabilities 5,338 1,541 Total liabilities 5,338 1,541 Shareholders’ equity: Class A ordinary shares, par value $0.0001; 1,927,488,240 shares authorized; 770,352,700 and 370,352,700 shares issued and outstanding , respectively 77 37 Class B ordinary shares, par value $0.0001; 72,511,760 shares authorized; 72,511,760 shares issued and outstanding 7 7 Additional paid-in 2,477,359 2,134,227 Accumulated other comprehensive losses (11,671 ) (6,136 ) Accumulated losses (1,665,166 ) (1,338,715 ) Total shareholders’ equity 800,606 789,420 Total liabilities and shareholders’ equity $ 805,944 $ 790,961 STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF OPERATIONS (In thousands) Year Ended December 31, 2022 2021 2020 Operating revenues $ — $ — $ — Operating costs and expenses (12 ) — — Operating loss (12 ) — — Non-operating Foreign exchange (losses) gains, net (2 ) (1 ) 1 Share of results of subsidiaries (326,437 ) (252,554 ) (321,627 ) Total non-operating (326,439 ) (252,555 ) (321,626 ) Loss before income tax (326,451 ) (252,555 ) (321,626 ) Income tax expense — — — Net loss $ (326,451 ) $ (252,555 ) $ (321,626 ) STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (In thousands) Year Ended December 31, 2022 2021 2020 Net loss $ (326,451 ) $ (252,555 ) $ (321,626 ) Other comprehensive (loss) income: Foreign currency translation adjustments (5,535 ) (18,012 ) 11,607 Other comprehensive (loss) income (5,535 ) (18,012 ) 11,607 Total comprehensive loss $ (331,986 ) $ (270,567 ) $ (310,019 ) STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2022 2021 2020 Cash flows from operating activities: Net cash provided by (used in) operating activities $ 830 $ 472 $ (119 ) Cash flow from an investing activity: Capital contribution to a subsidiary (300,000 ) — (500,000 ) Cash used in an investing activity (300,000 ) — (500,000 ) Cash flow from a financing activity: Net proceeds from (payments for) issuance of shares 299,159 (445 ) 499,222 Cash provided by (used in) a financing activity 299,159 (445 ) 499,222 (Decrease) increase in cash and cash equivalents (11 ) 27 (897 ) Cash and cash equivalents at beginning of year 38 11 908 Cash and cash equivalents at end of year $ 27 $ 38 $ 11 Supplemental cash flow disclosure: Offering expenses capitalized for the issuance of shares included in accrued expenses and $ — $ — $ 445

SCHEDULE 1 - FINANCIAL INFORMAT

SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY ADDITIONAL INFORMATION	12 Months Ended
	Dec. 31, 2022
Parent Company [Member]
SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY ADDITIONAL INFORMATION	STUDIO CITY INTERNATIONAL HOLDINGS LIMITED ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY NOTES TO CONDENSED FINANCIAL STATEMENT SCHEDULE 1 (In thousands) 1. Schedule 1 has been provided pursuant to the requirements of Rule 12-04(a) 4-08(e)(3) S-X, 02 2. Basis of Presentation The accompanying condensed financial information has been prepared using the same accounting policies as set out in Studio City International’s consolidated financial statements except that the parent company has used the equity method to account for its investments in subsidiaries.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Basis of Presentation	(a) Basis of Presentation and Principles of Consolidation Under the Services and Right to Use Arrangements, Melco Resorts Macau deducts gaming taxes and the costs incurred in connection with its operations from Studio City Casino’s gross gaming revenues. The residual gross gaming revenues which the Company receives as revenue, previously captioned as revenue from provision of gaming related services, is now captioned as revenue from casino contract as a result of the amendments made to the Studio City Casino Agreement. In December 2015, certain of the Studio City International’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, which expired in June 2022 and were extended to December 31, 2032 in March 2023 . Under the Management and Shared Services Arrangements, certain of the corporate and administrative functions as well as operational activities of the Company are administered by staff employed by certain Melco 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 Company believes the costs incurred under the Studio City Casino Agreement, previously captioned as costs for provision of gaming related services and now captioned as costs related to casino contract, and the allocation methods under the Management and Shared Services Arrangements are reasonable and the accompanying consolidated financial statements reflect the Company’s cost of doing business. However, such allocations may not be indicative of the actual expenses the Company 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 19. The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The accompanying consolidated financial statements include the accounts of Studio City International and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of Studio City International and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	(b) Use of Estimates The preparation of the accompanying consolidated fina nci
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 Company 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 consist of bank time deposits
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 Company 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 Management believes that as of December 31, 2022 and 2021, no significant concentrations of credit risk existed for which an allowance had not already been recorded.
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
Prepaid Expenses and Other Current Assets	(h) Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets represent current assets that are typically used up or expire within the normal operating cycle of the Company. The prepaid expenses as of December 31, 2022 and 2021 were $35,801 and $38,581, respectively, and the other current assets as of December 31, 2022 and 2021 were $2,920 and $4,052, respectively .
Property and Equipment	(i) 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 accompanying 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 construction contracts, duties and tariffs, equipment installations, shipping costs, payroll and payroll-benefit related costs, applicable portions of interest, including 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 substantially suspended. 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 5 to 10 years or over the lease term, whichever is shorter Motor vehicles 5 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 projects. The capitalization of interest ceases when the project is substantially completed or the development activity is substantially suspended. The amount to be capitalized is determined by applying the weighted average interest rate of the Company’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 $141,977, $114,694 and $115,697, of which $49,619, $23,727 and $10,898 were capitalized during the years ended December 31, 2022, 2021 and 2020, respectively.
Other Long-term Assets	( k Other Long-term Assets Before the amendment of the Services and Right to Use Arrangements on June 23, 2022, other long-term assets, net represent the payments for the future economic benefits of certain plant and equipment for the operation of Studio City Casino (the “Studio City Gaming Assets”), transferred from Melco Resorts Macau to the Company pursuant to the Services and Right to Use Arrangements, less subsequent accumulated amortization and accumulated impairment losses, if any. After the amendment of the Services and Right to Use Arrangement on June 23, 2022, other long-term assets, net represent the payments to Melco Resorts Macau in accordance with the Studio City Casino Agreement for the future economic benefits of the Studio City Gaming Assets to be generated from the Studio City Casino Agreement for the operation of Studio City Casino, less subsequent accumulated amortization and accumulated impairment losses, if any. Other long-term assets are amortized using straight-line method over the respective estimated useful lives of the Studio City Gaming Assets, ranging from 2 to 10 years. The legal ownership of the Studio City Gaming Assets is retained by Melco Resorts Macau before and after the amendment of the Services and Right to Use Arrangements until the expiration of the subconcession on December 31, 2022, where the Reversion Assets (including certain of the Studio City Gaming Assets) that reverted to the Macau government at the expiration of the subconcession are owned by the Macau government. Effective as of January 1, 2023, the Reversion Assets were transferred to Melco Resorts Macau for the duration of the Concession, in return for annual payments for the right to operate the Reversion Assets as part of the Concession as disclosed in Note 1(c). The cost of the other long-term 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 in Studio City Casino. Any gain or loss arising on the disposal or retirement of cost of the other long-term 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 accompanying consolidated statements of operations.
Intangible Assets	( l Intangible Assets Intangible assets are amortized over their useful lives unless their lives are determined to be indefinite in which case they are not amortized. Intangible assets are carried at cost, less accumulated amortization. The Company’s intangible assets, which are finite-lived, consist of internal-use software. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives on a straight-line basis. Costs incurred to develop software for internal use are capitalized and amortized over the estimated useful lives of the software of 3 years on a straight-line basis. The capitalization of such costs begins during the application development stage of the software project and ceases once the software project is substantially complete and ready for its intended use. Costs of specified upgrades and enhancements to the internal-use
Impairment of Long-lived Assets	( m Impairment of Long-lived Assets The Company evaluates the long-lived assets with finite lives to be held and used for impairment whenever indicators of impairment exist. The Company then compares the estimated future cash flows of the assets, on an undiscounted basis, to the carrying values of the assets. Estimating future cash flows of the assets involves significant assumptions, including future revenue growth rates and gross margin s costs. No impairment loss was recognized during the year ended December 31, 2022 . During the years ended December , 1 and 0 , impairment losses of $ and $ were recognized, respectively, mainly due to reconfigurations and renovations at Studio City, and included in property charges and other in the accompanying consolidated statements of operations. As a result of the COVID-1 9 outbreak as disclosed in Note 1(b), the Company evaluated its long-lived assets for recoverability as of December 31, 2022 and 2021 and concluded no other impairment charges to be recorded.
Deferred Financing Costs	(n) 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 non-current, .
Land Use Right	(o) Land Use Right Land use right represents the upfront land premium paid for the use of land held under operating lease, which 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.
Leases	( p Leases At the inception of the contract or upon modification, the Company will perform an assessment as to whether the contract is a lease or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. A lessee has control of an identified asset if it has both the right to direct the use of the asset and the right to receive substantially all of the economic benefits from the use of the asset. Operating lease right-of-use right-of-use The Company’s lease contracts have lease and non-lease non-lease non-lease
Revenue Recognition	( q Revenue Recognition The Company’s revenues from contracts with customers consist of revenue from casino contract, sales of rooms, food and beverage, entertainment, retail and other goods and services. Revenue from casino contract represents revenue arising from the Studio City Casino Agreement for the operations of Studio City Casino by Melco Resorts Macau. Revenue was previously captioned as revenue from provision of gaming related services before the amendment of the Services and Right to Use Arrangements on June 23, 2022, for the provision of facilities and services thereto by Studio City Entertainment to Melco Resorts Macau, under which Melco Resorts Macau operates the Studio City Casino. Melco Resorts Macau deducts gaming taxes and the costs incurred in connection with the operations of Studio City Casino pursuant to the Studio City Casino Agreement, 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 Company recognizes the residual amount as revenue from casino contract and was previously captioned as revenues from provision of gaming related services. The Company has concluded that it is not the controlling entity to the arrangements and recognizes the revenue from casino contract on a net basis . Non-gaming revenues include services provided for cash consideration and services provided on a complimentary basis to the gaming patrons at Studio City. The transaction prices for rooms, food and beverage, entertainment, retail and other goods and services are the net amounts collected from customers for such goods and services that are recorded as revenues when the goods are provided, services are performed or events are held. Service taxes and other applicable taxes collected by the Company are excluded from revenues. Advance deposits on rooms and advance ticket sales are recorded as customer deposits until services are provided to the customers. Revenues from contracts with multiple goods or services provided by the Company are allocated to each good or service based on its relative standalone selling price. 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 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 Company’s primary types of liabilities related to contracts with customers are advance deposits on rooms and advance ticket sales which represent cash received in advance for goods or services yet to be provided. These amounts are included in accrued expenses and other current liabilities on the accompanying 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 $1,793 as of December 31, 2022 decreased by $466 from the balance of $2,259 as of December 31, 2021. Advance customer deposits and ticket sales of $2,259 as of December 31, 2021 decreased by $144 from the balance of $2,403 as of December 31, 2020.
Pre-opening Costs	( r Pre-opening Pre-opening start-up pre-opening one-off
Advertising and Promotional Costs	( s Advertising and Promotional Costs The Company 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 $3,692, $4,977 and $4,607 for the years ended December 31, 2022, 2021 and 2020, respectively.
Foreign Currency Transactions and Translations	( t Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of Studio City International and its subsidiaries during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the accompanying consolidated statements of operations. The functional currency of Studio City International is the United States dollar (“$” or “US$”) and the functional currency of most of Studio City International’s foreign subsidiaries is the local currency in which the subsidiary operates. 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 foreign subsidiaries’ financial statements are recorded as a component of other comprehensive (loss) income.
Comprehensive Loss and Accumulated Other Comprehensive Losses	( u Comprehensive Loss and Accumulated Other Comprehensive Losses Comprehensive loss includes net loss and other non-shareholder As of December 31, 2022 and 2021, the Company’s accumulated other comprehensive losses consisted solely of foreign currency translation adjustments, net of tax and participation interest.
Income Tax	( v Income Tax The Company 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 accompanying 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 Company’s income tax returns are subject to examination by tax authorities in the jurisdictions where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. These accounting standards utilize a two-step
Net Loss Income Attributable to Studio City International Holdings Limited Per Class A Ordinary Share	( w 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 adjusted for participation interest 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 method is applied for the potential dilutive effect of the exchange of Class B ordinary shares for the proportionate number of Class A ordinary shares. During the year ended December 31, 2021, there were no potentially dilutive securities issued or outstanding. Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share does not include Class B ordinary shares as such shares do not participate in t he share. The weighted average number of Class A ordinary shares used in the calculation of basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share consisted of the following: Year Ended December 31, 2022 2021 2020 Weighted average number of Class A ordinary shares outstanding used in the calculation of basic net loss attributable to Studio City International Holdings Limited per Class A ordinary share 710,582,947 370,352,700 294,837,092 Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted 72,511,760 — 72,511,760 Weighted average number of Class A ordinary shares outstanding used in the calculation of diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share 783,094,707 370,352,700 367,348,852 Anti-dilutive Class A ordinary shares under the if-converted — 72,511,760 —
Recent Changes in Accounting Standards	( x Recent Changes in Accounting Standards Recent Accounting Pronouncement Not Yet Adopted The Company has evaluated the recently issued, but not yet effective, accounting pronouncements that have been issued or proposed by the Financial Accounting Standards Board or other standards-setting bodies through the filing date of these financial statements, and anticipated the future adoption of these pronouncements will not have a material effect on the Company’s financial position, results of operations and cash flows.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
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 5 to 10 years or over the lease term, whichever is shorter Motor vehicles 5 years
Summary of weighted average number of Class A ordinary shares used in the calculation of basic and diluted net (loss) income	The weighted average number of Class A ordinary shares used in the calculation of basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share consisted of the following: Year Ended December 31, 2022 2021 2020 Weighted average number of Class A ordinary shares outstanding used in the calculation of basic net loss attributable to Studio City International Holdings Limited per Class A ordinary share 710,582,947 370,352,700 294,837,092 Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted 72,511,760 — 72,511,760 Weighted average number of Class A ordinary shares outstanding used in the calculation of diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share 783,094,707 370,352,700 367,348,852 Anti-dilutive Class A ordinary shares under the if-converted — 72,511,760 —

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash Cash Equivalents And Restricted Cash	Cash, cash equivalents and restricted cash reported within the accompanying consolidated statements of cash flows consisted of the following: December 31, 2022 2021 Cash $ 54,340 $ 81,370 Cash equivalents 455,183 417,919 Total c 509,523 499,289 Non-current 130 130 Total cash, cash equivalents and restricted cash $ 509,653 $ 499,419

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Components of Accounts Receivable	Components of accounts receivable are as follows: December 31, 2022 2021 Hotel $ 250 $ 204 Other 13 43 $ 263 $ 247
Movement in Allowances for Credit Losses	Movement in the allowances for credit losses are as follows: Year Ended December 31, 2022 2021 2020 Balance at beginning of year $ — $ 976 $ 965 Provision for credit losses — — 6 Write-offs — (970 ) — Effect of exchange rate — (6 ) 5 Balance at end of year $ — $ — $ 976

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	December 31, 2022 2021 Cost Buildings $ 2,301,644 $ 2,306,889 Furniture, fixtures and equipment 286,436 224,826 Leasehold improvements 110,981 106,200 Motor vehicles 2,596 2,599 Construction in progress 1,079,112 721,471 Sub-total 3,780,769 3,361,985 Less: accumulated depreciation and amortization (912,705 ) (805,945 ) Property and equipment, net $ 2,868,064 $ 2,556,040

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets, Net	December 31, 2022 2021 Finite-lived intangible assets: Internal-use $ 4,200 $ 4,207 Less: accumulated amortization (2,827 ) (1,430 ) $ 1,373 $ 2,777
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of December 31, 2022, the estimated future amortization expenses of internal-use Year ending December 31, 2023 $ 1,368 2024 5 $ 1,373

LONG-TERM PREPAYMENTS, DEPOSI_2

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Long Term Prepayments Deposits And Other Assets [Abstract]
Summary Of Long-term prepayments, deposits and other assets	Long-term prepayments, deposits and other assets consisted of the following: December 31, 2022 2021 Other long-term assets $ 16,824 $ 108,494 Less: accumulated amortization (4,309 ) (89,017 ) Other long-term assets, net 12,515 19,477 Long-term prepayments 29,250 23,644 Advance payments and deposits for acquisition of property and equipment 1,645 21,651 Other deposits and other 4,582 4,463 Deferred financing costs, net 333 389 Long-term prepayments, deposits and other assets $ 48,325 $ 69,624

LAND USE RIGHT, NET (Tables)

LAND USE RIGHT, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
Schedule of Land Use Right, Net	December 31, 2022 2021 Cost $ 177,790 $ 178,041 Less: accumulated amortization (69,145 ) (65,927 ) Land use right, net $ 108,645 $ 112,114

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	December 31, 2022 2021 Property and equipment payables $ 87,701 $ 131,071 Interest expenses payable 63,371 54,182 Operating expense and other accruals and liabilities 11,728 12,994 Advance customer deposits and ticket sales 1,793 2,259 Operating lease 1,095 899 $ 165,688 $ 201,405

LONG-TERM DEBT, NET (Tables)

LONG-TERM DEBT, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Long-term Debt, Net	Long-term debt, net consisted of the following: December 31, 2022 2021 Senior Notes 2022 7.000% Studio City Secured Notes, due 2027 (net of unamortized deferred financing costs of $5,134) $ 344,866 $ — 2021 5.000% Studio City Notes, due 2029 (net of unamortized deferred financing costs and original issue premiums of $4,228 and $4,798, respectively) 1,095,772 1,095,202 2020 6.000% SC Notes, due 2025 (net of unamortized deferred financing costs of $2,692 and $3,658, respectively) 497,308 496,342 2020 6.500% SC Notes, due 2028 (net of unamortized deferred financing costs of $3,598 and $4,186, respectively) 496,402 495,814 Credit Facilities 2016 Studio City Credit Facilities (1) 128 128 $ 2,434,476 $ 2,087,486 Note (1) As of December 31, 2022 and 2021, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $333 and $389 are included in long-term prepayments, deposits and other assets in the accompanying consolidated balance sheets, respectively.
Scheduled Maturities of Long-Term Debt (Excluding Unamortized Deferred Financing Costs)	Scheduled maturities of the long-term debt (excluding unamortized deferred financing costs and original issue premiums) as of December 31, 2022 are as follows: Year ending December 31, 2023 $ — 2024 — 2025 500,000 2026 — 2027 350,000 Over 2027 1,600,128 $ 2,450,128

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Summary of components of lease costs	The components of operating lease costs are as follows: Year Ended December 31, 2022 2021 2020 Amortization of land use right $ 3,300 $ 3,325 $ 3,333 Operating lease costs 1,078 1,094 1,108 Short-term lease costs — — 405 Total operating lease costs $ 4,378 $ 4,419 $ 4,846
Disclosure of other information related to lease term and discount rate	Other information related to lease terms and discount rates of operating leases is as follows: December 31, 2022 2021 Weighted average remaining lease term Weighted average discount rate 7.00% 6.30%
Summary of maturities of operating lease liabilities	Maturities of operating lease liabilities as of December 31, 2022 are as follows: Year ending December 31, 2023 $ 1,127 2024 1,127 2025 1,127 2026 1,127 2027 1,127 Over 2027 31,320 Total future minimum lease payments 36,955 Less: amount representing interest (22,361 ) Present value of future minimum lease payments 14,594 Current portion (1,095 ) Non-current $ 13,499
Summary of future minimum fees, excluding the contingent fees to be received under non-cancellable operating leases	Future minimum fees, excluding the contingent fees to be received under non-cancellable Year ending December 31, 2023 $ 3,117 2024 2,333 2025 1,352 2026 1,288 2027 908 Over 2027 1,106 $ 10,104

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Loss before Income Tax	Loss before income tax consisted of: Year Ended December 31, 2022 2021 2020 Macau operations $ (271,801 ) $ (191,655 ) $ (278,388 ) Hong Kong and other jurisdictions operations (89,124 ) (110,804 ) (127,715 ) Loss before income tax $ (360,925 ) $ (302,459 ) $ (406,103 )
Summary of Income Tax Expense (Benefit)	The income tax expense (benefit) consisted of: Year Ended December 31, 2022 2021 2020 Income tax expense - current: Hong Kong Profits Tax $ 1 $ 9 $ — (Over) under provision of income taxes in prior years: Macau Complementary Tax — (29 ) — Hong Kong Profits Tax — 8 — Sub-total — (21 ) — Income tax expense ( benefit Macau Complementary Tax 381 (445 ) (1,011 ) Total income tax expense ( benefit $ 382 $ (457 ) $ (1,011 )
Schedule of Reconciliation of Income Tax Expense (Benefit) from Loss Before Income Tax	A reconciliation of the income tax expense ( benefit Year Ended December 31, 2022 2021 2020 Loss before income tax $ (360,925 ) $ (302,459 ) $ (406,103 ) Macau Complementary Tax rate 12 % 12 % 12 % Income tax benefit (43,311 ) (36,295 ) (48,732 ) Effect of different tax rates of subsidiaries operating in other jurisdictions (3,449 ) (5,385 ) (2,995 ) Over provision in prior years — (21 ) — Effect of income for which no income tax expense is payable (1,438 ) (534 ) (295 ) Effect of expenses for which no income tax benefit is receivable 16,560 20,970 19,724 Effect of tax losses that cannot be carried forward — 5,532 10,768 Changes in valuation allowances 16,202 (925 ) 7,361 Expired tax losses 15,818 16,201 13,158 Income tax expense ( benefit $ 382 $ (457 ) $ (1,011 )
Schedule of Net Deferred Tax Liabilities	The net deferred tax liabilities as of December 31, 2022 and 2021 consisted of the following: December 31, 2022 2021 Deferred tax assets Net operating losses carried forward $ 57,522 $ 45,009 Depreciation and amortization 33,512 30,076 Lease liabilities 1,751 1,883 Others 154 58 Sub-total 92,939 77,026 Valuation allowances (91,092 ) (74,417 ) Total deferred tax assets 1,847 2,609 Deferred tax liabilities Right-of-use (1,576 ) (1,750 ) Unrealized capital allowances (653 ) (859 ) Total deferred tax liabilities (2,229 ) (2,609 ) Deferred tax liabilities, net $ (382 ) $ —

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of share-based compensation expenses	The share-based compensation expenses for the Company were recognized as follows: Year Ended December 31, 2022 2021 2020 Share-based compensation expenses $ 361 $ 438 $ 1,200 Less: share-based compensation expenses capitalized in construction in progress — — (409 ) Share-based compensation expenses recognized in general and administrative expenses $ 361 $ 438 $ 791

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Significant Related Party Transactions	During the years ended December 31, 2022, 2021 and 2020, the Company entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2022 2021 2020 Transactions with affiliated companies Melco and its subsidiaries Revenues (services provided by the Company): Revenue from casino contract $(56,665 ) $ (1,455 ) $ (42,682 ) Rooms and food and beverage (1) 25,039 48,978 30,468 Services fee (2) 21,889 24,906 26,151 Entertainment (1) 499 361 25 Costs and expenses (services provided to the Company): Staff costs recharges (3) (4) 56,620 59,676 65,515 Corporate services (5) 33,263 32,354 32,354 Other services 17,705 16,696 14,118 Staff costs for construction and renovation work capitalized (4) 11,864 11,362 10,949 Purchases of goods and services 186 149 151 Sale and purchase of assets: Sale of property and equipment and other long-term assets 8 1,695 2,692 Transfer-in 2,423 5,167 7,206 Purchases of intangible assets — 192 3,938 Notes (1) These revenues primarily represented the standalone selling prices 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, 2022, 2021 and 2020, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $25,538, $49,339 and $30,493, respectively, of which $22,884, $44,117 and $27,090 related to Studio City Casino’s gaming patrons and $2,654, $5,222 and $3,403 related to non-Studio (2) Services provided by the Company 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) These staff costs included share-based compensation expenses. (5) Corporate services are provided to the Company by Melco and its subsidiaries. These services include, but are not limited to, general corporate services and senior executive management services for operational purposes.

ORGANIZATION AND BUSINESS - Add

ORGANIZATION AND BUSINESS - Additional Information (Detail) $ / shares in Units, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) m² $ / shares	Dec. 31, 2022 HKD ($)	Dec. 30, 2022 m²	Dec. 31, 2021 USD ($) $ / shares
Organization and Business [Line Items]
Cash and cash equivalents | $	$ 509,523			$ 499,289
1 to 3 Years [Member]
Organization and Business [Line Items]
Concession fee per square meter	0.75
4 to 10 Years [Member]
Organization and Business [Line Items]
Concession fee per square meter	2.5
Studio City Casino [Member]
Organization and Business [Line Items]
Area of Land			28,784.3
2016 Studio City Credit Facilities [Member] | Revolving Credit Facility [Member]
Organization and Business [Line Items]
Remaining Borrowing Capacity	$ 29,835	$ 233,000
New Cotai, LLC [Member]
Organization and Business [Line Items]
Common stock dividend percentage	9.40%	9.40%		19.60%
Class A Ordinary Shares [Member]
Organization and Business [Line Items]
Ordinary shares, par value | $ / shares	$ 0.0001			$ 0.0001
Class B Ordinary Shares [Member]
Organization and Business [Line Items]
Ordinary shares, par value | $ / shares	$ 0.0001			$ 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, 2022
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	5 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 - Schedule of Basic And Diluted Net (Loss) Income (Detail) - Common Class A [Member] - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Significant Accounting Policies [Line Items]
Weighted average number of Class A ordinary shares outstanding used in the calculation of basic net loss attributable to Studio City International Holdings Limited per Class A ordinary share	710,582,947	370,352,700	294,837,092
Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted method	72,511,760	0	72,511,760
Weighted average number of Class A ordinary shares outstanding used in the calculation of diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share	783,094,707	370,352,700	367,348,852
Anti-dilutive Class A ordinary shares under the if-converted method excluded from the calculation of diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share	0	72,511,760	0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Significant Accounting Policies [Line Items]
Interest expenses incurred	$ 141,977	$ 114,694	$ 115,697
Interest expenses capitalized	49,619	23,727	10,898
Impairment losses recognized on property and equipment	$ 0	1,500	3,769
Land use rights, estimated useful life	40 years
Maximum deposits recognizing period	1 year
Advertising and promotional costs	$ 3,692	4,977	4,607
Percentage of tax benefit greater than likelihood	50%
Other Assets, Current	$ 2,920	4,052
Prepaid Expense, Current	$ 35,801	38,581
Internal-use Software [Member]
Schedule Of Significant Accounting Policies [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Advance Customer Deposits and Ticket Sales [Member]
Schedule Of Significant Accounting Policies [Line Items]
Advance customer deposits and ticket sales	$ 1,793	2,259	$ 2,403
Decrease in advance customer deposits and ticket sales	$ (466)	$ (144)
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

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash	$ 54,340	$ 81,370
Cash equivalents	455,183	417,919
Total cash and cash equivalents	509,523	499,289
Non-current portion of restricted cash	130	130
Total cash, cash equivalents and restricted cash	$ 509,653	$ 499,419	$ 575,359	$ 327,232

ACCOUNTS RECEIVABLE - Component

ACCOUNTS RECEIVABLE - Components of Accounts Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable [Line Items]
Accounts receivable, net	$ 263	$ 247
Hotel [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	250	204
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 13	$ 43

ACCOUNTS RECEIVABLE - Movement

ACCOUNTS RECEIVABLE - Movement in Allowances for Credit Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Balance at beginning of year	$ 0	$ 976	$ 965
Provision for credit losses	0	0	6
Write-offs	0	(970)	0
Effect of exchange rate	0	(6)	5
Balance at end of year	$ 0	$ 0	$ 976

PROPERTY AND EQUIPMENT, NET - C

PROPERTY AND EQUIPMENT, NET - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property and Equipment, Net
Cost	$ 3,780,769	$ 3,361,985
Less: accumulated depreciation and amortization	(912,705)	(805,945)
Property and equipment, net	2,868,064	2,556,040
Buildings [Member]
Property and Equipment, Net
Cost	2,301,644	2,306,889
Furniture, fixtures and equipment [Member]
Property and Equipment, Net
Cost	286,436	224,826
Leasehold improvements [Member]
Property and Equipment, Net
Cost	110,981	106,200
Motor vehicles [Member]
Property and Equipment, Net
Cost	2,596	2,599
Construction in progress [Member]
Property and Equipment, Net
Cost	$ 1,079,112	$ 721,471

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Costs capitalized to construction in progress	$ 131,854	$ 67,974
Depreciation and amortization expenses of property and equipment	113,028	111,335	$ 139,891
Property, Plant and Equipment, Gross	3,780,769	3,361,985
Accumulated depreciation, depletion and amortization, property, plant and equipment	912,705	$ 805,945
Reversion Assets [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	144,824
Accumulated depreciation, depletion and amortization, property, plant and equipment	$ 41,976

INTANGIBLE ASSETS, NET - Additi

INTANGIBLE ASSETS, NET - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Internal-use Software [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of finite lived intangible assets	$ 1,396	$ 1,401	$ 33

INTANGIBLE ASSETS, NET - Schedu

INTANGIBLE ASSETS, NET - Schedule of Finite-Lived Intangible Assets, Net (Detail) - Internal-use Software [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 4,200	$ 4,207
Less: accumulated amortization	(2,827)	(1,430)
Finite-Lived Intangible Assets, Net	$ 1,373	$ 2,777

INTANGIBLE ASSETS, NET -Schedul

INTANGIBLE ASSETS, NET -Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) - Internal-use Software [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
2023	$ 1,368
2024	5
Finite-lived intangible assets, net	$ 1,373	$ 2,777

LONG-TERM PREPAYMENTS, DEPOSI_3

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Long Term Prepayments Deposits And Other Assets [Abstract]
Amortization expenses of other long-term assets	$ 9,232	$ 11,573	$ 17,077

LONG-TERM PREPAYMENTS, DEPOSI_4

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Summary Of Long-term prepayments, deposits and other assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Long Term Prepayments Deposits And Other Assets [Abstract]
Other long-term assets	$ 16,824	$ 108,494
Less: accumulated amortization	(4,309)	(89,017)
Other long-term assets, net	12,515	19,477
Long-term prepayments	29,250	23,644
Advance payments and deposits for acquisition of property and equipment	1,645	21,651
Other deposits and other	4,582	4,463
Deferred financing costs, net	333	389
Long-term prepayments, deposits and other assets	$ 48,325	$ 69,624

LAND USE RIGHT, NET - Schedule

LAND USE RIGHT, NET - Schedule of Land Use Right, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Land Use Right [Abstract]
Cost	$ 177,790	$ 178,041
Less: accumulated amortization	(69,145)	(65,927)
Land use right, net	$ 108,645	$ 112,114

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, 2022	Dec. 31, 2021
Property and equipment payables	$ 87,701	$ 131,071
Interest expenses payable	63,371	54,182
Operating expense and other accruals and liabilities	11,728	12,994
Operating lease liabilities	1,095	899
Total Accrued Expenses and Other Current Liabilities	$ 165,688	$ 201,405
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total Accrued Expenses and Other Current Liabilities	Total Accrued Expenses and Other Current Liabilities
Advance Customer Deposits And Ticket Sales [Member]
Advance customer deposits and ticket sales	$ 1,793	$ 2,259

LONG-TERM DEBT, NET - Summary o

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Detail) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Long-term Debt [Line Items]
Long-term debt, net		$ 2,434,476	$ 2,087,486
2022 7.000% Studio City Secured Notes, due 2027 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		344,866
2021 5.000% Studio City Notes, due 2029 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		1,095,772	1,095,202
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		497,308	496,342
2020 6.500% SC Notes, due 2028 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		496,402	495,814
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member]
Long-term Debt [Line Items]
Long-term debt, net	[1]	$ 128	$ 128
[1]As of December 31, 2022 and 2021, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $333 and $389 are included in long-term prepayments, deposits and other assets in the accompanying consolidated balance sheets, respectively.

LONG-TERM DEBT, NET - Summary_2

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
2022 7.000% Studio City Secured Notes, due 2027 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 5,134
2021 5.000% Studio City Notes, due 2029 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs and original issue premiums	4,228	$ 4,798
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	2,692	3,658
2020 6.500% SC Notes, due 2028 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	3,598	4,186
Revolving Credit Facility [Member] | 2016 Studio City Credit Facilities [Member] | Long term Prepayments, Deposits and Other Assets [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 333	$ 389

LONG-TERM DEBT, NET (2022 7.000

LONG-TERM DEBT, NET (2022 7.000% Studio City Secured Notes) - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Feb. 16, 2022	Dec. 31, 2022	Dec. 31, 2021
Long-term Debt [Line Items]
Total long-term debt		$ 2,450,128	$ 2,100,128
2022 7.000% Studio City Secured Notes, due 2027 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 350,000
Interest rate per annum	7%
Maturity date		Feb. 15, 2027
Purchase price as percentage of principal	100%
Net assets restricted from distribution		$ 821,000
2022 7.000% Studio City Secured Notes, due 2027 [Member] | Senior Notes [Member] | Prior to February 15, 2024 [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%

LONG-TERM DEBT, NET (2021 5.000

LONG-TERM DEBT, NET (2021 5.000% Studio City Notes) - Additional Information (Detail) - USD ($) $ in Thousands			12 Months Ended
	May 20, 2021	Jan. 14, 2021	Dec. 31, 2022	Dec. 31, 2021
Long-term Debt [Line Items]
Total long-term debt			$ 2,450,128	$ 2,100,128
2021 5.000% Studio City Notes, due 2029 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Interest rate per annum	5%	5%
Net assets restricted from distribution			$ 887,000
2021 5.000% Studio City Notes, due 2029 [Member] | Senior Notes [Member] | Prior to January 15, 2024 [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%	35%
2021 5.000% Studio City Notes, due 2029 [Member] | First 2021 5.000% Studio City Notes [Member]
Long-term Debt [Line Items]
Total long-term debt		$ 750,000
Purchase price as percentage of principal		100%
Maturity date			Jan. 15, 2029
2021 5.000% Studio City Notes, due 2029 [Member] | Additional 2021 5.000% Studio City Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 350,000
Purchase price as percentage of principal	101.50%
Maturity date			Jan. 15, 2029

LONG-TERM DEBT, NET (2020 Studi

LONG-TERM DEBT, NET (2020 Studio City Notes) - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Jul. 15, 2020	Dec. 31, 2022	Dec. 31, 2021
Long-term Debt [Line Items]
Total long-term debt		$ 2,450,128	$ 2,100,128
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 500,000
Purchase price as percentage of principal	100%
Maturity date		Jul. 15, 2025
Interest rate per annum	6%
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member] | Prior to July 15, 2022 [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%
2020 6.500% SC Notes, due 2028 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 500,000
Purchase price as percentage of principal	100%
Maturity date		Jan. 15, 2028
Interest rate per annum	6.50%
2020 6.500% SC Notes, due 2028 [Member] | Senior Notes [Member] | Prior to July 15, 2023 [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%
2020 Studio City Notes [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Net assets restricted from distribution		$ 887,000

LONG-TERM DEBT, NET (2016 Studi

LONG-TERM DEBT, NET (2016 Studio City Credit Facilities) - Additional Information (Detail) $ in Thousands, $ in Thousands		12 Months Ended
	Nov. 30, 2016 HKD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 HKD ($)	Dec. 31, 2022 USD ($)	Nov. 30, 2016 USD ($)	Jan. 28, 2013 HKD ($)	Jan. 28, 2013 USD ($)
Long-term Debt [Line Items]
Total outstanding borrowings			$ 2,100,128			$ 2,450,128
Studio City Project Facility [Member] | Total Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity								$ 10,855,880	$ 1,395,357
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 234,000						$ 30,077
Maturity date		Jan. 15, 2028
Net assets restricted from distribution						821,000
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%
2016 Studio City Credit Facilities [Member] | Term Loan Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 1,000						129
Total outstanding borrowings					$ 1,000	128
Term loan facility, cash collateral	1,012						130
2016 Studio City Credit Facilities [Member] | Revolving Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 233,000						$ 29,948
Total outstanding borrowings					0
Amount available for future drawdown					$ 233,000	$ 29,835
Loan commitment fees recognized		$ 417	$ 419	$ 421

LONG-TERM DEBT, NET - Borrowing

LONG-TERM DEBT, NET - Borrowing Rates of Long-term Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Average borrowing rate per annum	5.77%	5.69%	6.98%

LONG-TERM DEBT, NET - Scheduled

LONG-TERM DEBT, NET - Scheduled Maturities of Long-Term Debt (Excluding Unamortized Deferred Financing Costs and Original Issue Premiums) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 0
2024	0
2025	500,000
2026	0
2027	350,000
Over 2027	1,600,128
Total long-term debt	$ 2,450,128	$ 2,100,128

LEASES -Summary of components o

LEASES -Summary of components of lease cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating lease cost:
Amortization of land use right	$ 3,300	$ 3,325	$ 3,333
Operating lease costs	1,078	1,094	1,108
Short-term lease costs	0	0	405
Total operating lease costs	$ 4,378	$ 4,419	$ 4,846

LEASES - Disclosure of other in

LEASES - Disclosure of other information related to lease terms and discount rates (Detail)	Dec. 31, 2022	Dec. 31, 2021
Lessee Operating Lease Other Information Related To Lease Term And Discount Rate [Abstract]
Operating leases, Weighted average remaining lease term	32 years 10 months 24 days	33 years 10 months 24 days
Operating leases, Weighted average discount rate	7%	6.30%

LEASES - Summary of maturities

LEASES - Summary of maturities of operating lease liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Year ending December 31, 2023	$ 1,127
Year ending December 31, 2024	1,127
Year ending December 31, 2025	1,127
Year ending December 31, 2026	1,127
Year ending December 31, 2027	1,127
Over year ending December 31, 2027	31,320
Total future minimum lease payments	36,955
Less: amount representing interest	(22,361)
Present value of future minimum lease payments	14,594
Present value of future minimum lease payments current portion	(1,095)	$ (899)
Present value of future minimum lease payments non-current portion	$ 13,499	$ 14,797

LEASES - Summary of future mini

LEASES - Summary of future minimum fees, excluding the contingent fees to be received under non-cancellable operating leases (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Lessor, Lease, Description [Line Items]
Year ending December 31, 2023	$ 3,117
Year ending December 31, 2024	2,333
Year ending December 31, 2025	1,352
Year ending December 31, 2026	1,288
Year ending December 31, 2027	908
Over year ending December 31, 2027	1,106
Total minimum future fees to be received	$ 10,104

LEASES - Additional Information

LEASES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Minimum operating lease income	$ 3,714	$ 7,125	$ 12,064
Contingent operating lease income	$ 449	1,638	(1,254)
Operating leases - as lessor, last expiry date	2034-12
Amount of reduction in lease income as a result of the rent concession and uncollectible lease income	$ 198	$ 0	$ 3,913
Land Concession Contracts [Member]
Lessee, Lease, Description [Line Items]
Estimated Lease Term	40 years
Renewable contract term	10 years
Initial contract term (in years)	25 years

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
The estimated fair values of long-term debt	$ 1,959,195	$ 1,953,539
The carrying value of long-term debt, excluding unamortized deferred financing costs and original issue premiums	$ 2,450,128	$ 2,100,128

CAPITAL STRUCTURE - Additional

CAPITAL STRUCTURE - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2022	Aug. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Two Thousand And Twenty Private Placements [Member]
Capital Structure [Line Items]
Gross proceeds from shares		$ 500,000
Offering expenses		$ 1,052
Two Thousand And Twenty Two Private Placements [Member]
Capital Structure [Line Items]
Gross proceeds from shares	$ 300,000
Offering expenses	$ 841
American Depository Shares [Member] | Two Thousand And Twenty Private Placements [Member]
Capital Structure [Line Items]
Issuance of ordinary shares		14,087,299
Class A Ordinary Shares [Member]
Capital Structure [Line Items]
Ordinary shares, authorized			1,927,488,240	1,927,488,240
Ordinary shares, par value			$ 0.0001	$ 0.0001
Ordinary shares, issued			770,352,700	370,352,700
Ordinary shares, outstanding			770,352,700	370,352,700
Class A Ordinary Shares [Member] | Two Thousand And Twenty Private Placements [Member]
Capital Structure [Line Items]
Issuance of ordinary shares		72,185,488
Class A Ordinary Shares [Member] | Two Thousand And Twenty Two Private Placements [Member]
Capital Structure [Line Items]
Issuance of ordinary shares	400,000,000
Class B Ordinary Shares [Member]
Capital Structure [Line Items]
Ordinary shares, authorized			72,511,760	72,511,760
Ordinary shares, par value			$ 0.0001	$ 0.0001
Ordinary shares, issued			72,511,760	72,511,760
Ordinary shares, outstanding			72,511,760	72,511,760
Equivalent Class A Ordinary Shares for ADS [Member] | Two Thousand And Twenty Private Placements [Member]
Capital Structure [Line Items]
Issuance of ordinary shares		56,349,196

INCOME TAXES - Schedule of Loss

INCOME TAXES - Schedule of Loss before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Income Taxes [Line Items]
Loss before income tax	$ (360,925)	$ (302,459)	$ (406,103)
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Loss before income tax	(271,801)	(191,655)	(278,388)
Hong Kong and other jurisdictions operations [Member]
Schedule Of Income Taxes [Line Items]
Loss before income tax	$ (89,124)	$ (110,804)	$ (127,715)

INCOME TAXES - Summary of Incom

INCOME TAXES - Summary of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
(Over) under provision of income taxes in prior years:
(Over) under provision of income taxes in prior years	$ 0	$ (21)	$ 0
Income tax expense (benefit) - deferred:
Total income tax expense (benefit)	382	(457)	(1,011)
Macau Complementary Tax [Member]
(Over) under provision of income taxes in prior years:
(Over) under provision of income taxes in prior years	0	(29)	0
Income tax expense (benefit) - deferred:
Income tax expense (benefit) - deferred	381	(445)	(1,011)
Hong Kong Profits Tax [Member]
Income tax expense - current:
Income tax expense – current	1	9	0
(Over) under provision of income taxes in prior years:
(Over) under provision of income taxes in prior years	$ 0	$ 8	$ 0

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Benefit) from Loss Before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Loss before income tax	$ (360,925)	$ (302,459)	$ (406,103)
Macau Complementary Tax rate	12%	12%	12%
Income tax benefit at Macau Complementary Tax rate	$ (43,311)	$ (36,295)	$ (48,732)
Effect of different tax rates of subsidiaries operating in other jurisdictions	(3,449)	(5,385)	(2,995)
Over provision in prior years	0	(21)	0
Effect of income for which no income tax expense is payable	(1,438)	(534)	(295)
Effect of expenses for which no income tax benefit is receivable	16,560	20,970	19,724
Effect of tax losses that cannot be carried forward	0	5,532	10,768
Change in valuation allowances	16,202	(925)	7,361
Expired tax losses	15,818	16,201	13,158
Income tax expense (benefit)	$ 382	$ (457)	$ (1,011)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12%	12%	12%
Effective tax rate	0.10%	0.20%	0.20%
Valuation allowances	$ 91,092	$ 74,417
Adjusted operating tax losses carried forwards, expired	131,813
Aggregate undistributed earnings of foreign subsidiaries	745,397	846,735
Provision related to tax withholding for dividends	0	0
Deferred income tax liability, undistributed earnings	89,448	101,608
Interest and penalties related to uncertain tax positions recognized	0	$ 0
Operating Tax Loss Carry Forwards Expiring 2023 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	144,253
Operating Tax Loss Carry Forwards Expiring 2024 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	100,792
Operating Tax Loss Carry Forwards Expiring 2025 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	$ 234,291
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12%	12%	12%
Statute of limitation for tax return	5 years
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
Period For Which Complementary Tax exemption Applied	January 1, 2023 through December 31, 2027

INCOME TAXES - Schedule of Net

INCOME TAXES - Schedule of Net Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Net operating losses carried forward	$ 57,522	$ 45,009
Depreciation and amortization	33,512	30,076
Lease liabilities	1,751	1,883
Others	154	58
Sub-total	92,939	77,026
Valuation allowances	(91,092)	(74,417)
Total deferred tax assets	1,847	2,609
Deferred tax liabilities
Right-of-use assets	(1,576)	(1,750)
Unrealized capital allowances	(653)	(859)
Total deferred tax liabilities	(2,229)	(2,609)
Deferred tax liabilities, net	$ (382)	$ 0

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of share-based compensation expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expenses	$ 361	$ 438	$ 1,200
Less: share-based compensation expenses capitalized in construction in progress	0	0	(409)
Share-based compensation expenses recognized in general and administrative expenses	$ 361	$ 438	$ 791

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Amount of employer contributions into the defined contribution retirement benefits schemes	$ 21	$ 8	$ 28

DISTRIBUTION OF PROFITS - Addit

DISTRIBUTION OF PROFITS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Distribution Of Profits [Abstract]
Percentage of share capital as the limit of allocation of profit after tax to legal reserve	50%
Allocation of profit after tax to legal reserve, minimum percentage	25%
Aggregate balance of legal reserves	$ 6	$ 6
Dividends declared	0	0	$ 0
Dividends paid	0	$ 0	$ 0
Dividends proposed	$ 0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) $ in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Oct. 31, 2013 USD ($)	Oct. 31, 2013 HKD ($)	Dec. 31, 2022 USD ($)
Commitments and Contingencies [Line Items]
Capital commitments			$ 23,371
Trade Credit Facility [Member]
Commitments and Contingencies [Line Items]
Amount entered with a bank to meet certain payment obligations	$ 25,610	$ 200,000
Credit facility utilized			$ 640
Credit facility, maturity date			Aug. 31, 2021
Trade Credit Facility [Member] | Extended Maturity [Member]
Commitments and Contingencies [Line Items]
Credit facility, maturity date			Aug. 31, 2023

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Casino Contract [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	$ 28,740	$ 27,223	$ 25,576
Entertainment [Member]
Revenues (services provided by the Group):
Revenues	499	361	25
Costs and expenses (services provided to the Group):
Costs and expenses	2,061	2,207	2,273
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member]
Sale and purchase of assets:
Sale of property and equipment and other long-term assets	8	1,695	2,692
Transfer-in of other long-term assets	2,423	5,167	7,206
Purchases of intangible assets	0	192	3,938
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Casino Contract [Member]
Revenues (services provided by the Group):
Revenues	(56,665)	(1,455)	(42,682)
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Rooms Food and Beverage [Member]
Revenues (services provided by the Group):
Revenues	25,039	48,978	30,468
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Services Fee [Member]
Revenues (services provided by the Group):
Revenues	21,889	24,906	26,151
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Entertainment [Member]
Revenues (services provided by the Group):
Revenues	499	361	25
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	56,620	59,676	65,515
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Corporate Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	33,263	32,354	32,354
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Other Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	17,705	16,696	14,118
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Staff costs for construction and renovation work capitalized [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	11,864	11,362	10,949
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	$ 186	$ 149	$ 151

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Parenthetical) (Detail) - Melco and its Subsidiaries [Member] - Rooms Food and Beverage and Entertainment Revenues [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Aggregated revenue	$ 25,538	$ 49,339	$ 30,493
Studio City Casinos Gaming Patrons [Member]
Related Party Transaction [Line Items]
Aggregated revenue	22,884	44,117	27,090
Non Studio City Casinos Gaming Patrons [Member]
Related Party Transaction [Line Items]
Aggregated revenue	$ 2,654	$ 5,222	$ 3,403

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Aggregate principal amount	$ 2,450,128	$ 2,100,128
Lawrence Yau Lung Ho and his controlled entity [Member]
Related Party Transaction [Line Items]
Total interest expenses	3,300	4,494	$ 1,740
Lawrence Yau Lung Ho and his controlled entity [Member] | Senior Notes [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	60,000	$ 60,000
Independent Director [Member]
Related Party Transaction [Line Items]
Total interest expenses	14
Independent Director [Member] | Senior Notes [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	$ 400

ADDITIONAL INFORMATION - FINA_2

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED BALANCE SHEETS (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 509,523	$ 499,289
Prepaid expenses and other current assets	38,721	42,633
Total current assets	553,849	563,694
Other long-term assets	48,325	69,624
Total assets	3,593,522	3,318,967
Current liabilities:
Accrued expenses and other current liabilities	165,688	201,405
Payables to an affiliated company	81,178	53,093
Total current liabilities	247,389	254,730
Total liabilities	2,717,377	2,374,784
Shareholders' equity:
Additional paid-in capital	2,477,359	2,134,227
Accumulated other comprehensive losses	(11,671)	(6,136)
Accumulated losses	(1,665,166)	(1,338,715)
Total shareholders' equity	800,606	789,420
Class A Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	77	37
Class B Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	7	7
Parent Company [Member]
Current assets:
Cash and cash equivalents	27	38
Receivables from a subsidiary	3,398	0
Prepaid expenses and other current assets	7	0
Total current assets	3,432	38
Investments in subsidiaries	802,512	790,471
Other long-term assets	0	452
Total assets	805,944	790,961
Current liabilities:
Accrued expenses and other current liabilities	739	1,186
Payables to an affiliated company	474	0
Payables to subsidiaries	4,125	355
Total current liabilities	5,338	1,541
Total liabilities	5,338	1,541
Shareholders' equity:
Additional paid-in capital	2,477,359	2,134,227
Accumulated other comprehensive losses	(11,671)	(6,136)
Accumulated losses	(1,665,166)	(1,338,715)
Total shareholders' equity	800,606	789,420
Total liabilities and shareholders' equity	805,944	790,961
Parent Company [Member] | Class A Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	77	37
Parent Company [Member] | Class B Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	$ 7	$ 7

ADDITIONAL INFORMATION - FINA_3

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY CONDENSED BALANCE SHEETS (Parenthetical) (Detail) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
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	770,352,700	370,352,700
Ordinary shares, outstanding	770,352,700	370,352,700
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	72,511,760
Ordinary shares, outstanding	72,511,760	72,511,760
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	770,352,700	370,352,700
Ordinary shares, outstanding	770,352,700	370,352,700
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	72,511,760
Ordinary shares, outstanding	72,511,760	72,511,760

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Financial Statements, Captions [Line Items]
Operating revenues	$ 11,548	$ 106,868	$ 49,208
Operating costs and expenses	288,764	298,441	329,136
Operating loss	(277,216)	(191,573)	(279,928)
Non-operating (expenses) income:
Foreign exchange (losses) gains, net	2,390	6,257	(3,434)
Total non-operating expenses, net	(83,709)	(110,886)	(126,175)
Income tax expense	(382)	457	1,011
Net loss	(361,307)	(302,002)	(405,092)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Operating revenues	0	0	0
Operating costs and expenses	(12)	0	0
Operating loss	(12)	0	0
Non-operating (expenses) income:
Foreign exchange (losses) gains, net	(2)	(1)	1
Share of results of subsidiaries	(326,437)	(252,554)	(321,627)
Total non-operating expenses, net	(326,439)	(252,555)	(321,626)
Loss before income tax	(326,451)	(252,555)	(321,626)
Income tax expense	0	0	0
Net loss	$ (326,451)	$ (252,555)	$ (321,626)

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Financial Statements, Captions [Line Items]
Net loss	$ (361,307)	$ (302,002)	$ (405,092)
Other comprehensive (loss) income:
Other comprehensive (loss) income	(5,890)	(21,538)	15,208
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss	(326,451)	(252,555)	(321,626)
Other comprehensive (loss) income:
Foreign currency translation adjustments	(5,535)	(18,012)	11,607
Other comprehensive (loss) income	(5,535)	(18,012)	11,607
Total comprehensive loss	$ (331,986)	$ (270,567)	$ (310,019)

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ (178,775)	$ (136,841)	$ (167,425)
Cash flows from an investing activity:
Net cash used in investing activities	(453,395)	(407,235)	(209,789)
Cash flow from a financing activity:
Net proceeds from (payments for) issuance of shares	299,159	(445)	499,222
Cash provided by (used in) a financing activity	643,109	471,508	623,811
Increase (decrease) in cash, cash equivalents and restricted cash	10,234	(75,940)	248,127
Cash, cash equivalents and restricted cash at beginning of year	499,419	575,359	327,232
Cash, cash equivalents and restricted cash at end of year	509,653	499,419	575,359
Supplemental cash flow disclosure:
Offering expenses capitalized for the issuance of shares included in accrued expenses and other current liabilities	0	0	445
Parent Company [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	830	472	(119)
Cash flows from an investing activity:
Capital contribution to a subsidiary	(300,000)	0	(500,000)
Net cash used in investing activities	(300,000)	0	(500,000)
Cash flow from a financing activity:
Net proceeds from (payments for) issuance of shares	299,159	(445)	499,222
Cash provided by (used in) a financing activity	299,159	(445)	499,222
Increase (decrease) in cash, cash equivalents and restricted cash	(11)	27	(897)
Cash, cash equivalents and restricted cash at beginning of year	38	11	908
Cash, cash equivalents and restricted cash at end of year	27	38	11
Supplemental cash flow disclosure:
Offering expenses capitalized for the issuance of shares included in accrued expenses and other current liabilities	$ 0	$ 0	$ 445

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Organizational Transactions and Participation Agreements [Line Items]
Net assets restricted from distribution	$ 887,000
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%