Studio City International Holdings Limited (MSC) 20-F 22 Mar 24 2023 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
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
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	1247
Auditor Location	Singapore
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
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

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 228,040	$ 509,523
Accounts receivable, net of allowances for credit losses of $10 and nil	$ 2,281	$ 263
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Receivables from affiliated companies	$ 40,969	$ 221
Inventories	5,763	5,121
Prepaid expenses and other current assets	38,997	38,721
Total current assets	316,050	553,849
Property and equipment, net	2,775,806	2,868,064
Intangible assets, net	5	1,373
Long-term prepayments, deposits and other assets	27,787	48,325
Restricted cash	130	130
Operating lease right-of-use assets	11,619	13,136
Land use right, net	105,304	108,645
Total assets	3,236,701	3,593,522
Current liabilities:
Accounts payable	2,454	501
Accrued expenses and other current liabilities	135,514	165,688
Income tax payable	$ 10	$ 22
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Payables to affiliated companies	$ 18,799	$ 81,178
Total current liabilities	156,777	247,389
Long-term debt, net	2,335,173	2,434,476
Other long-term liabilities	3,209	21,631
Deferred tax liabilities, net	309	382
Operating lease liabilities, non-current	12,250	13,499
Total liabilities	2,507,718	2,717,377
Commitments and contingencies (Note 18)
Shareholders' equity and participation interest:
Additional paid-in capital	2,477,359	2,477,359
Accumulated other comprehensive losses	(12,656)	(11,671)
Accumulated losses	(1,798,683)	(1,665,166)
Total shareholders' equity	666,104	800,606
Participation interest	62,879	75,539
Total shareholders' equity and participation interest	728,983	876,145
Total liabilities, shareholders' equity and participation interest	3,236,701	3,593,522
Class A Ordinary Shares [Member]
Shareholders' equity and participation interest:
Ordinary shares, value	77	77
Class B Ordinary Shares [Member]
Shareholders' equity and participation interest:
Ordinary shares, value	$ 7	$ 7

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable, net of allowances for credit losses	$ 10	$ 0	$ 0	$ 976
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	770,352,700
Ordinary shares, outstanding	770,352,700	770,352,700
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating revenues:
Operating revenues	$ 445,538	$ 11,548	$ 106,868
Operating costs and expenses:
General and administrative	(115,203)	(79,785)	(87,577)
Pre-opening costs	(17,451)	(3,263)	(984)
Amortization of land use right	(3,302)	(3,300)	(3,325)
Depreciation and amortization	(166,095)	(123,656)	(124,309)
Property charges and other	(1,407)	(5,799)	(6,031)
Total operating costs and expenses	(474,580)	(288,764)	(298,441)
Operating loss	(29,042)	(277,216)	(191,573)
Non-operating income (expenses):
Interest income	10,675	6,427	3,060
Interest expense, net of amounts capitalized	(129,567)	(92,358)	(90,967)
Other financing costs	(417)	(417)	(419)
Foreign exchange gains, net	642	2,390	6,257
Other (expenses) income, net	(67)	249	0
Gain (loss) on extinguishment of debt	1,611	0	(28,817)
Total non-operating expenses, net	(117,123)	(83,709)	(110,886)
Loss before income tax	(146,165)	(360,925)	(302,459)
Income tax benefit (expense)	81	(382)	457
Net loss	(146,084)	(361,307)	(302,002)
Net loss attributable to participation interest	12,567	34,856	49,447
Net loss attributable to Studio City International Holdings Limited	(133,517)	(326,451)	(252,555)
Casino Contract [Member]
Operating revenues:
Operating revenues	155,527	(56,665)	(1,455)
Operating costs and expenses:
Cost of revenue	(28,847)	(29,871)	(28,085)
Rooms [Member]
Operating revenues:
Operating revenues	111,733	17,915	38,749
Operating costs and expenses:
Cost of revenue	(28,280)	(11,119)	(12,176)
Food and Beverage [Member]
Operating revenues:
Operating revenues	62,426	17,489	26,734
Operating costs and expenses:
Cost of revenue	(54,741)	(24,403)	(27,853)
Entertainment [Member]
Operating revenues:
Operating revenues	61,777	1,649	2,649
Operating costs and expenses:
Cost of revenue	(53,056)	(2,253)	(2,842)
Services Fee [Member]
Operating revenues:
Operating revenues	40,473	21,889	24,906
Mall [Member]
Operating revenues:
Operating revenues	10,744	7,189	13,683
Operating costs and expenses:
Cost of revenue	(4,212)	(4,115)	(3,785)
Retail and Other [Member]
Operating revenues:
Operating revenues	2,858	2,082	1,602
Operating costs and expenses:
Cost of revenue	$ (1,986)	$ (1,200)	$ (1,474)
Class A Ordinary Shares [Member]
Net loss attributable to Studio City International Holdings Limited per Class A ordinary share:
Basic	$ (0.173)	$ (0.459)	$ (0.682)
Diluted	$ (0.173)	$ (0.461)	$ (0.682)
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	770,352,700	710,582,947	370,352,700
Diluted	770,352,700	783,094,707	370,352,700

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating revenues	$ 445,538	$ 11,548	$ 106,868
General and administrative	115,203	79,785	87,577
Pre-opening costs	17,451	3,263	984
Property charges and other	1,407	5,799	6,031
Related Party [Member]
General and administrative	52,299	44,005	46,712
Pre-opening costs	7,533	1,975	351
Property charges and other	1,071	5,622	4,246
Casino Contract [Member]
Operating revenues	155,527	(56,665)	(1,455)
Cost of revenue	28,847	29,871	28,085
Casino Contract [Member] | Related Party [Member]
Cost of revenue	27,295	28,740	27,223
Rooms [Member]
Operating revenues	111,733	17,915	38,749
Cost of revenue	28,280	11,119	12,176
Rooms [Member] | Related Party [Member]
Operating revenues	72,925	13,088	30,974
Cost of revenue	16,798	7,277	7,948
Food and Beverage [Member]
Operating revenues	62,426	17,489	26,734
Cost of revenue	54,741	24,403	27,853
Food and Beverage [Member] | Related Party [Member]
Operating revenues	38,513	11,951	18,004
Cost of revenue	25,520	15,501	17,146
Entertainment [Member]
Operating revenues	61,777	1,649	2,649
Cost of revenue	53,056	2,253	2,842
Entertainment [Member] | Related Party [Member]
Operating revenues	39,715	499	361
Cost of revenue	11,922	2,061	2,207
Mall [Member]
Operating revenues	10,744	7,189	13,683
Cost of revenue	4,212	4,115	3,785
Mall [Member] | Related Party [Member]
Cost of revenue	1,797	1,588	1,711
Retail and Other [Member]
Operating revenues	2,858	2,082	1,602
Cost of revenue	1,986	1,200	1,474
Retail and Other [Member] | Related Party [Member]
Cost of revenue	$ 1,621	$ 1,005	$ 1,331

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (146,084)	$ (361,307)	$ (302,002)
Other comprehensive loss:
Foreign currency translation adjustments	(1,078)	(5,890)	(21,538)
Other comprehensive loss	(1,078)	(5,890)	(21,538)
Total comprehensive loss	(147,162)	(367,197)	(323,540)
Comprehensive loss attributable to participation interest	12,660	35,211	52,973
Comprehensive loss attributable to Studio City International Holdings Limited	$ (134,502)	$ (331,986)	$ (270,567)

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 Income (Losses) [Member]	Accumulated Losses [Member]	Participation Interest [Member]
BEGINNING BALANCE at Dec. 31, 2020	$ 1,267,723	$ 37	$ 7	$ 2,134,227	$ 11,876	$ (1,086,160)	$ 207,736
BEGINNING 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)	$ 0	$ 0	0	0	(326,451)	(34,856)
Foreign currency translation adjustments	(5,890)	0	0	0	(5,535)	0	(355)
Shares issued, net of offering expenses	299,159	$ 40	$ 0	299,119	0	0	0
Shares issued, net of offering expenses, shares		400,000,000	0
Change in Participation Interest resulting from 2022 Private Placements (as described in Note 13)	0	$ 0	$ 0	44,013	0	0	(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
Net loss	(146,084)	$ 0	$ 0	0	0	(133,517)	(12,567)
Foreign currency translation adjustments	(1,078)	0	0	0	(985)	0	(93)
ENDING BALANCE at Dec. 31, 2023	$ 728,983	$ 77	$ 7	$ 2,477,359	$ (12,656)	$ (1,798,683)	$ 62,879
ENDING BALANCE (in shares) at Dec. 31, 2023		770,352,700	72,511,760

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (146,084)	$ (361,307)	$ (302,002)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	169,397	126,956	127,634
Amortization of deferred financing costs and original issue premiums	2,857	1,404	1,466
Loss on disposal of property and equipment and other long-term assets	541	134	171
Impairment of property and equipment	0	0	1,500
(Reversal of) provision for credit losses	(581)	481	(65)
(Gain) loss on extinguishment of debt	(1,611)	0	28,817
Changes in operating assets and liabilities:
Accounts receivable	(2,028)	(16)	(91)
Receivables from affiliated companies	(40,649)	15,454	(5,750)
Inventories, prepaid expenses and other	(339)	4,070	(1,789)
Long-term prepayments, deposits and other	19,335	(5,678)	6,939
Accounts payable, accrued expenses and other	40,658	10,876	(6,024)
Payables to affiliated companies	(61,376)	27,967	14,207
Other long-term liabilities	986	884	(1,854)
Net cash used in operating activities	(18,894)	(178,775)	(136,841)
Cash flows from investing activities:
Acquisition of property and equipment	(156,824)	(452,126)	(400,367)
Payments for other long-term assets	(5,530)	0	0
Proceeds from sale of property and equipment and other long-term assets	814	9	1,694
Funds to an affiliated company	0	(1,278)	(4,449)
Placement of bank deposits with original maturities over three months	0	0	(278,700)
Acquisition of intangible assets	0	0	(4,113)
Withdrawals of bank deposits with original maturities over three months	0	0	278,700
Net cash used in investing activities	(161,540)	(453,395)	(407,235)
Cash flows from financing activities:
Repayments of long-term debt	(100,372)	0	(252,944)
Payments of financing costs	(530)	(6,050)	(33,297)
Net proceeds from (payments for) issuance of shares	0	299,159	(445)
Proceeds from long-term debt	0	350,000	758,194
Net cash (used in) provided by financing activities	(100,902)	643,109	471,508
Effect of exchange rate on cash, cash equivalents and restricted cash	(147)	(705)	(3,372)
(Decrease) increase in cash, cash equivalents and restricted cash	(281,483)	10,234	(75,940)
Cash, cash equivalents and restricted cash at beginning of year	509,653	499,419	575,359
Cash, cash equivalents and restricted cash at end of year	228,170	509,653	499,419
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	(113,419)	(87,892)	(84,141)
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from operating leases	(673)	(726)	(734)
Change in operating lease right-of-use assets and lease liabilities arising from lease modification	(1,456)	(1,343)	(2,575)
Change in accrued expenses and other current liabilities and other long-term liabilities related to acquisition of property and equipment	11,600	100,394	142,682
Change in receivables from/payables to affiliated companies related to addition of property and equipment and other long-term assets	$ 432	$ 3,819	$ 7,477

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2023
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 and its American depositary shares (“ADSs”) are listed on the New York Stock Exchange under the symbol “MSC” in the United States of America (the “U.S.”). 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 U.S., 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 Melco International Development Limited (“Melco International”), 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 Business Operations and COVID-19 The Company completed construction of its Studio City Phase 2 expansion before the extended deadline of June 30, 2023 for the development period under the Studio City land concession. The first stage of Studio City Phase 2 was opened in April 2023 while the second stage was opened in Septe m While the Company’s business continues to recover from the impact of, and disruptions caused by, COVID-19, iti

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation and Principles of Consolidation On December 16, 2022, the Macau government awarded a ten-year On June 23, 2022, Melco Resorts Macau and Studio City Entertainment Limited (“Studio City Entertainment”), a subsidiary of Studio City International, amended a services and right to use agreement dated May 11, 2007, as amended, together with related agreements (the “Studio City Casino Agreement”) to align such agreement with the enacted amendments to the Macau gaming law. Under the Studio City Casino Agreement, Melco Resorts Macau agreed to operate the Studio City Casino since the Company does not hold a gaming concession in Macau. In addition, certain conditions imposed by the Macau government relating to the previous agreement, including in relation to shareholding requirements for certain direct and indirect shareholders of Studio City Entertainment, were no longer applicable. 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 is captioned as revenue from casino contract. In December 2015, Studio City International and certain of its subsidiaries entered into a master services agreement; and certain of its subsidiaries entered into 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 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 financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates. (c) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The 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 placed with financial institutions with high-credit ratings and quality. (e) Restricted Cash The current portion of restricted cash represents cash deposited into bank accounts which are restricted as to withdrawal and use and the 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 to their carrying amounts, which reflects the net amount the Company expects to collect. The allowance for credit losses is estimated based on specific reviews of the age of the balances owed, the customers’ financial condition, management’s experience with the collection trends of the customers, current business and economic conditions, and management’s expectations of future business and economic conditions. Management believes that as of December 31, 2023 and 2022, 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 weighted average methods. (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, 2023 and 2022 were $35,432 and $35,801, respectively, and the other current assets as of December 31, 2023 and 2022 were $3,565 and $2,920, respectively. (i) Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and accumulated impairment, 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 expense incurred amounted to $144,806, $141,977 and $114,694, of which $15,239, $49,619 and $23,727 were capitalized during the years ended December 31, 2023, 2022 and 2021, respectively. (k) Other Long-term Assets Before the amendment of the Studio City Casino Agreement on June 23, 2022, other long-term assets, net represents the payments for the future economic benefits of certain property and equipment for the operation of Studio City Casino (the “Studio City Gaming Assets”), transferred from Melco Resorts Macau to the Company, less subsequent accumulated amortization and accumulated impairment, if any. After the amendment of the Studio City Casino Agreement on June 23, 2022, other long-term assets, net represents the payments to Melco Resorts Macau from the Company for the future economic benefits of the Studio City Casino Agreement for the operation of Studio City Casino, less subsequent accumulated amortization and accumulated impairment, if any. Other long-term assets are amortized using the 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 was previously retained by Melco Resorts Macau. The Reversion Assets (as defined in Note 5) (including certain of the Studio City Gaming Assets) that reverted to the Macau government at the expiration of the previous gaming 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. Generally, any gain or loss arising on the disposal or retirement of cost of other long-term assets is determined as the difference between the sale proceeds and the carrying amount of the future economic benefits of the Studio City Casino Agreement generated from 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 stated at cost, net of accumulated amortization. The Company’s intangible assets, which are finite-lived, consist of internal-use 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, future market conditions and gross margin. If the undiscounted cash flows exceed the carrying values, no impairments are indicated. If the undiscounted cash flows do not exceed the carrying values, then an impairment charge is recorded based on the fair values of the assets, typically measured using a discounted cash flow model involving significant assumptions, such as discount rates . I No impairment of long-lived assets was recognized during the years ended December 31, 2023 and 2022. During the year ended December 31, 2021, an impairment of long-lived assets of $ for property and equipment, mainly due to reconfigurations and renovations at Studio City, was recognized and included in property charges and other in the accompanying consolidated statements of operations. (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 expense over the terms of the related debt agreements using the effective interest method. Deferred financing costs incurred in connection with the issuance of revolving credit facilities are included in other assets, either current or non-current, (o) Land Use Right Land use right represents the upfront land premium paid for the use of land held under an stated , net of (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 costs incurred and is reduced by any lease incentive received. For leases where the rate implicit in the lease is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term. 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. Under the Studio City Casino Agreement, Melco Resorts Macau deducts gaming taxes and the costs incurred in connection with its operations from Studio City Casino’s gross gaming revenues, including the standalone selling prices of complimentary services within Studio City provided to the Studio City gaming patrons of Studio City Casino. The residual amount which the Company receives as revenue is captioned as revenue from casino contract. 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 The Company follows the accounting standards for reporting revenue gross as a principal versus net as an agent, when accounting for the operations of one of its externally managed hotels and concluded that it is the controlling entity and is the principal to this arrangement. For the operations of this externally managed hotel, as the Company is the owner of the hotel property, the hotel manager operates the hotel under a management agreement providing management services to the Company, and the Company receives all rewards and takes substantial risks associated with the hotel’s business, it is the principal and the transactions are, therefore, recognized on a gross basis. 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 $4,432 as of December 31, 2023 increased by $2,639 from the balance of $1,793 as of December 31, 2022. 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. (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 $22,668, $3,692 and $4,977 for the years ended December 31, 2023, 2022 and 2021, respectively. Interest Income Interest income is recorded on an accrual basis at the stated interest rate and is recorded in interest income in the accompanying consolidated statements of operations. Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of Studio City International and its subsidiaries during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the accompanying consolidated statements of operations. The functional currency of Studio City International is the U.S. dollar (“$” 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 income (loss). (v) Comprehensive Loss and Accumulated Other Comprehensive Losses Comprehensive loss includes net loss and other non-shareholder As of December 31, 2023 and 2022, the Company’s accumulated other comprehensive losses consisted solely of foreign currency translation adjustments, net of tax and participation interest. (w) 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 % likely, based on cumulative probability. (x) 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 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 the loss of Studio City International. As a result, Class B ordinary shares are not considered participating securities and are not included in the weighted average number of shares outstanding for purposes of computing net loss attributable to Studio City International Holdings Limited per 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, 2023 2022 2021 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 770,352,700 710,582,947 370,352,700 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 —  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 770,352,700 783,094,707 370,352,700 Anti-dilutive Class A ordinary shares under the if-converted 72,511,760 —  72,511,760 (y) 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, 2023
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,   2023     2022   Cash $ 44,309 $ 54,340 Cash equivalents 183,731 455,183 Total cash and cash equivalents 228,040 509,523 Non-current 130 130 Total cash, cash equivalents and restricted cash $ 228,170 $ 509,653

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	4. ACCOUNTS RECEIVABLE, NET Components of accounts receivable, net are as follows: December 31,   2023     2022   Hotel $ 1,833 $ 250 Other 458 13 Sub-total 2,291 263 Less: allowances for credit losses (10 ) —  Accounts receivable, net $ 2,281 $ 263 The Company’s allowances for credit losses as of December 31, 2023 were from its hotel receivables. Movement in the allowances for credit losses are as follows: Year Ended December 31,   2023     2022     2021   Balance at beginning of year $   —  $   —  $ 976 Provision for credit losses 10 —  —  Write-offs —  —  (970 ) Effect of exchange rate —  —  (6 ) Balance at end of year $ 10 $ —  $   —

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	5. PROPERTY AND EQUIPMENT, NET December 31, 2023 2022 Buildings $ 3,384,762 $ 2,301,644 Furniture, fixtures and equipment 301,910 286,436 Leasehold improvements 134,091 110,981 Motor vehicles 2,717 2,596 Construction in progress 881 1,079,112 Sub-total 3,824,361 3,780,769 Less: accumulated depreciation and amortization (1,048,555 ) (912,705 ) Property and equipment, net $  2,775,806   $  2,868,064 The depreciation and amortization expenses of property and equipment recognized for the years ended December 31, 2023, 2022 and 2021 were $158,746, $113,028 and $111,335, respectively. Under the terms of the Macau gaming law and the Concession, the gaming and gaming support areas comprising the Studio City Casino with an area of 28,784.3 square meters with its land lease right held by Studio City Developments Limited (“Studio City Developments”), a subsidiary of Studio City International equipment and utensils (collectively referred to as the “Reversion Assets previous gaming As Studio City Casino continues to be operated with the Reversion Assets in the same manner as under the previous gaming subconcession, obtains substantially all of the economic benefits and bears all of the risks arising from the operation 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 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, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	6. INTANGIBLE ASSETS, NET December 31, 2023 2022 Finite-lived intangible assets: Internal-use software $ 4,199 $ 4,200   Less: accumulated amortization (4,194 ) (2,827 ) Intangible assets, net $ 5 $ 1,373 The amortization expenses of internal -use software recognized for the years ended December 31, 2023, 2022 and 2021 were $ 1,364 , $ 1,396 and $ 1,401 , respectively. As of December 31, 2023, the estimated future amortization expenses of internal-use software are as follows: Year ending December 31, 2024 $  5   $         5

LONG-TERM PREPAYMENTS, DEPOSITS

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 Other long-term assets $ 22,327 $ 16,824 Less: accumulated amortization (10,289 ) (4,309 ) Other long-term assets, net 12,038 12,515 Long-term prepayments 9,217 29,250 Other deposits and other 5,323 4,582 Deposits for acquisition of property and equipment 931 1,645 Deferred financing costs, net 278 333 Long-term prepayments, deposits and other assets $ 27,787 $ 48,325 The amortization expenses of other long-term assets recognized for the years ended December 31, 2023, 2022 and 2021 were $ 5,985 , $ 9,232 and $ 11,573 , respectively.

LAND USE RIGHT, NET

LAND USE RIGHT, NET	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
LAND USE RIGHT, NET	8. LAND USE RIGHT, NET December 31, 2023 2022 Cost $ 177,738 $ 177,790 Less: accumulated amortization (72,434 ) (69,145 ) Land use right, net $ 105,304 $ 108,645

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES December 31,   2023     2022   Property and equipment payables $ 45,499 $ 87,701 Interest expense payable 60,522 63,371 Operating expense and other accruals and liabilities 23,970 11,728 Advance customer deposits and ticket sales 4,432 1,793 Operating lease liabilities 1,091 1,095 Accrued expenses and other current liabilities $ 135,514 $ 165,688

LONG-TERM DEBT, NET

LONG-TERM DEBT, NET	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT, NET	10. LONG-TERM DEBT, NET Long-term debt, net consisted of the following: December 31,   2023     2022   Senior Notes 202 0 6 .000% SC Notes, due 202 5 (net of unamortized deferred financing costs of $ 1,320 and $ 2,692 , respectively) $ 395,680 $ 497,308 2020 6.500% SC Notes, due 2028 (net of unamortized deferred financing costs of $2,970 and $3,598, respectively) 497,030 496,402 2021 5.000% Studio City Notes, due 2029 (net of unamortized deferred financing costs and original issue premiums of $ 3,626 and $ 4,228 , respectively) 1,096,374 1,095,772 202 2 7 .000% Studio City Secured Notes, due 202 7 (net of unamortized deferred financing costs of $ 4,039 and $ 5,134 , respectively) 345,961 344,866 Credit Facilities 2016 Studio City Credit Facilities (1) 128 128 Long-term debt, net $ 2,335,173 $ 2,434,476 (1) As of December 31, 2023 and 2022, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $ 278 and $ 333 are included in long-term prepayments, deposits and other assets in the accompanying consolidated balance sheets, respectively. (a) Senior Notes 2020 Studio City Notes On July 15, 2020, Studio City Finance Limited (“Studio City Finance”), a subsidiary of Studio City International, 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 J anuary 15, 2028 6.000% and 6.500% per annum, respectively, payable semi-annually in arrears on January 15 and July 15 of each year and commenced on January 15, 2021. The 2020 Studio City Notes are general obligations of Studio City Finance, rank equally in right of payment to all existing and future senior indebtedness of Studio City Finance, rank senior in right of payment to any existing and future subordinated indebtedness of Studio City Finance and are effectively subordinated to all of Studio City Finance’s existing and future secured indebtedness to the extent of the value of the property and assets securing such indebtedness. 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 Limited (“Studio City Company”), a subsidiary of Studio City International 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 as defined below) (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. On or after July 15, 2022, Studio City Finance has the option to redeem all or a portion of the 2020 6.000% SC Notes at any time at fixed redemption prices that decline ratably over time. On or after July 15, 2023, Studio City Finance has the option to redeem all or a portion of the 2020 6.500% SC Notes at any time at fixed redemption prices that decline ratably over time. In addition, under certain circumstances and subject to certain exceptions as more fully described in the indenture governing the 2020 Studio City Notes, Studio City Finance has the option to redeem in whole, but not in part the 2020 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 2020 Studio City Notes, each holder of the 2020 Studio City Notes will have the right to require Studio City Finance to repurchase all or any part of such holder’s 2020 Studio City Notes at a fixed redemption price. On November 9, 2023, Studio City Finance initiated a cash tender offer (the “Tender Offer”) which expired on December 8, 2023, subject to the terms and conditions, to purchase for up to an aggregate principal amount of $75,000 of the 2020 6.000 6.000 75,000 $ (the maximum tender amount), with all other terms and conditions of the Tender Offer remained unchanged as a result of an aggregate principal amount of $ of the 2020 6.000% SC Notes was tendered on the early tender date on November 22, 2023. Studio City Finance accepted for purchase an aggregate principal amount of $ of the 2020 6.000% SC Notes that were validly tendered (and not validly withdrawn) pursuant to the Tender Offer, as amended, and settled the purchase on November 28, 2023. In connection with such purchase, the Company recorded a gain on extinguishment of debt of $1,495 during the year ended December 31, 2023. As of December 31, 2023, the outstanding principal amount of the 2020 6.000% SC Notes was $397,000. 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, 2023, the net assets of Studio City Finance and its restricted subsidiaries of approximately $740,000 were restricted from being distributed under the terms of the 2020 Studio City Notes. 2021 5.000% Studio City Notes On January 14, 2021, Studio City Finance issued $ 750,000 in aggregate principal amount of 5.000% senior notes due January 15, 2029 at an issue price of 100% of the principal amount (the “First 2021 5.000% Studio City Notes”); and on May 20, 2021, Studio City Finance further issued $ 350,000 in aggregate principal amount of 5.000% senior notes due January 15, 2029 at an issue price of 101.50% of the principal amount (the “Additional 2021 5.000% Studio City Notes” and together with the First 2021 5.000% Studio City Notes, the “2021 5.000% Studio City Notes”). The Additional 2021 5.000% Studio City Notes are consolidated and form a single series with the First 2021 5.000% Studio City Notes. The interest on the 2021 5.000% Studio City Notes is accrued at a rate of 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% Studio City Notes are general obligations of Studio City Finance, rank equally in right of payment to all existing and future senior indebtedness of Studio City Finance, rank senior in right of payment to any existing and future subordinated indebtedness of Studio City Finance and are effectively subordinated to all of Studio City Finance’s existing and future secured indebtedness to the extent of the value of the property and assets securing such indebtedness. 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) (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 had 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 exception s and 2022 7.000% Studio City Secured Notes On February 16, 2022, Studio City Company issued $350,000 in aggregate principal amount of 7.000% senior secured notes due February 15, 2027 at an issue price of 100% of the principal amount (the “2022 7.000% Studio City Secured Notes”). The interest on the 2022 7.000% Studio City Secured Notes is accrued at a rate of 7.000% per annum, payable semi-annually in arrears on February 15 and 2022 7.000% Studio City Secured Notes 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 indebtedness of Studio City Company (although any liabilities in respect of obligations under the 2016 Studio City Credit Facilities that are secured by common collateral securing the 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) and rank senior in right of payment to any existing and future subordinated indebtedness of Studio City Company and effectively subordinated to Studio City Company’s existing and future secured indebtedness that is secured by assets that do not secure the 2022 7.000% Studio City Secured Notes, to the extent of the assets securing such indebtedness. The net proceeds from the offering of the 2022 7.000% Studio City Secured Notes were used to fund the capital ex p 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 had 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 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, 2023, the net assets of Studio City Investments and its restricted subsidiaries of approximately $675,000 were restricted from being distributed under the terms of the 2022 7.000% Studio City Secured 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 $ revolving credit facility (the “2016 SC Revolving Credit Facility”). As of December 31, 2023, 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 $29,827). 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 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 Studi o nts custo 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, 2023, the net assets of Studio City Investments and its restricted subsidiaries of approximately $675,000 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 % 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 $ , $ and $ during the years ended December 31, 2023, 2022 and 2021, respectively. (c) Borrowing Rates and Scheduled Maturities of Long-term Debt During the years ended December 31, 2023, 2022 and 2021, the Company’s average borrowing rates were approximately 5.80%, 5.77% and 5.69% per annum, respectively. Scheduled maturities of the long-term debt (excluding unamortized deferred financing costs and original issue premiums) as of December 31, 2023 are as follows: Year ending December 31, 2024 $ —  2025 397,000 2026 —  2027 350,000 2028 500,128 Over 2028 1,100,000 $ 2,347,128

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 2021 Amortization of land use right $ 3,302 $ 3,300 $ 3,325 Operating lease costs 1,072 1,078 1,094 Total operating lease costs $    4,374   $    4,378   $    4,419   Other information related to lease terms and discount rates of operating leases is as follows: December 31,   2023     2022   Weighted average remaining lease term 31.8 years  32.9 years Weighted average discount rate 7.81% 7.00% Maturities of operating lease liabilities as of December 31, 2023 are as follows: Year ending December 31, 202 4 $ 1,127 2025 1,127 202 6 1,127 202 7 1,127 2028 1,127 Over 2028 30,213 Total future minimum lease payments 35,848 Less: amount representing interest (22,507 ) Present value of future minimum lease payments 13,341 Current portion (1,091 ) Non-current $   12,250 Lessor Arrangements The Company is the lessor under non-cancellable During the years ended December 31, 2023, 2022 and 2021, the Company earned minimum operating lease income of $4,393, $3,714 and $7,125, respectively, and contingent operating lease income of $3,111, $449 and $1,638, respectively. Total lease income for the years ended December 31, 2023, 2022 and 2021 were reduced by $41, $198 and nil, respectively, as a result of the rent concessions 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, 2024 $ 6,262 2025 5,824 2026 5,066 2027 3,767 2028 3,082 Over 2028 3,066 $  27,067

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
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 s The estimated fair values of long-term debt as of December 31, 2023 and 2022, were approximately $2,113,560 and $1,959,195, respectively, as compared to their carrying values, excluding unamortized deferred financing costs and original issue premiums, of $2,347,128 and $2,450,128, respectively. Fair values were estimated using quoted market prices and were classified as level 1 in the fair value hierarchy for the 2020 Studio City Notes, 2021 5.000% Studio City Notes and the 2022 7.000% Studio City Secured Notes. Fair value for the 2016 Studio City Credit Facilities approximated its carrying value as the instrument carried variable interest rates that approximated the market rates and was classified as level 2 in the fair value hierarchy. As of December 31, 2023 and 2022, the Company did not have any non-financial

CAPITAL STRUCTURE

CAPITAL STRUCTURE	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
CAPITAL STRUCTURE	13. CAPITAL STRUCTURE During February and March 2022, Studio City International, respectively, announced and completed a series of private offers (the “2022 Private Placements”) of 400,000,000 Class A ordinary shares to certain existing shareholders and holders of its ADSs, including Melco, with gross proceeds amounting to $300,000 and offering expenses of $841. The 2022 Private Placements resulted in an adjustment to the carrying amount of the Participation Interest with a corresponding increase in the Company’s additional paid-in As of December 31, 2023 and 2022, 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, 2023 and 2022, 770,352,700 Class A ordinary shares and 72,511,760 Class B ordinary shares were issued and outstanding in each of those years.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	14. INCOME TAXES Loss before income tax c onsi Year Ended December 31, 2023 2022 2021 Macau operations $ (25,450 ) $ (271,801 ) $ (191,655 ) Hong Kong and other jurisdictions operations (120,715 ) (89,124 ) (110,804 ) Loss before income tax $  (146,165 ) $  (360,925 ) $  (302,459 ) The income tax (benefit) expense consisted of: Year Ended December 31, 2023 2022 2021 Income tax expense - current: Hong Kong Profits Tax $ 7 $ 1 $ 9 (Over) under provision of income taxes in prior years: Macau Complementary Tax —  —  (29 ) Hong Kong Profits Tax (15 ) —  8 Sub-total (15 ) —  (21 ) Income tax (benefit) expense - deferred: Macau Complementary Tax (73 ) 381 (445 ) Total income tax (benefit) expense $       (81 ) $       382 $      (457 ) A reconciliation of the income tax (benefit) expense from loss before income tax per the accompanying consolidated statements of operations is as follows: Year Ended December 31, 2023 2022 2021 Loss before income tax $  (146,165 ) $  (360,925 ) $  (302,459 ) Macau Complementary Tax rate 12 % 12 % 12 % Income tax benefit at Macau Complementary Tax rate (17,540 ) (43,311 ) (36,295 ) Effect of different tax rates of subsidiaries operating in other jurisdictions (5,432 ) (3,449 ) (5,385 ) Over provision in prior years (15 ) —  (21 ) Effect of income for which no income tax expense is payable (2,191 ) (1,438 ) (534 ) Effect of expenses for which no income tax benefit is receivable 6,338 16,560 20,970 Effect of profits exempted from Macau Complementary Tax (61 ) —  —  Effect of tax losses that cannot be carried forward —  —  5,532 Changes in valuation allowances 1,515 16,202 (925 ) Expired tax losses 17,305 15,818 16,201 Income tax (benefit) expense $ (81 ) $ 382 $ (457 ) 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, 2023, 2022 and 2021. The remaining subsidiaries of Studio City International incorporated in Macau and Hong Kong are subject to Macau Complementary Tax and Hong Kong Profits Tax, respectively, during the years ended December 31, 2023, 2022 and 2021. 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, 2023, 2022 and 2021, 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 Studio City Casino Agreement for an additional five years from 2017 to 2021, to the extent that such income was derived from Studio City gaming operations and had been subject to gaming tax. Studio City Entertainment applied for an extension of the Macau Complementary Tax exemption for 2022 and for the period non-gaming If Studio City Entertainment’s application for the extended exemption from Macau Complementary Tax on profits generated from income received from Melco Resorts Macau under the Studio City Casino Agreement will not be approved for the year ended December 31, 2023, the Company’s consolidated net loss attributable to Studio City International Holdings Limited for the year ended December 31, 2023 would have been increased by The effective tax rates for the years ended December 31, 2023, 2022 and 2021 were 0.1%, (0.1)% and 0.2%, respectively. Such rates differ from the statutory Macau Complementary Tax rate of 12%, where the majority of the Company’s operations are located, primarily due to effects of expired tax losses, expenses for which no income tax benefit is receivable, different tax rates of subsidiaries operating in other jurisdictions, income for which no income tax expense is payable and changes in valuation allowances for the relevant years together with the effect of tax losses that cannot be carried forward for the year ended December 31, 2021. The net deferred tax liabilities as of December 31, 2023 and 2022 consisted of the following: December 31, 2023 2022 Deferred tax assets: Net operating losses carried forward $ 43,938 $    57,522 Depreciation and amortization 36,692 33,512 Lease liabilities 1,601 1,751 Others 165 154 Sub-total 82,396 92,939 Valuation allowances (80,665 ) (91,092 ) Total deferred tax assets 1,731 1,847 Deferred tax liabilities: Right-of-use (1,394 ) (1,576 ) Unrealized capital allowances (646 ) (653 ) Total deferred tax liabilities (2,040 ) (2,229 ) Deferred tax liabilities, net $ (309 ) $ (382 ) As of December 31, 2023 and 2022, valuation allowances of $80,665 and $91,092 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, 2023, adjusted operating tax losses carried forward, amounting to $100,763, $137,478 and $127,908 will expire in 2024, 2025 and 2026, respectively. Adjusted operating tax losses carried forward of $144,212 expired during the year ended December 31, 2023. 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 $745,689 and $745,397 as of of 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, 2023, 2022 and 2021 and there are no material unrecognized tax benefits which would favorably affect the effective income tax rates in future periods. As of December 31, 2023 and 2022, 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, 2023
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 and 2021 under share incentive plan adopted by Melco in 2021 (the “Bonus Restricted Shares”). The Bonus Restricted Shares for 2022 and 2021 were granted in April 2023 and April 2022, respectively. The Bonus Restricted Shares vest immediately on their grant dates and the respective 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 and 2021 to the eligible management personnel of Melco, to the extent of services received by the Company, of $361 and $438 were recognized for the years ended December 31, 2022 and 2021, 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.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	16. EMPLOYEE BENEFIT PLANS Eligible Employees employed by the Company in Macau are members of a government-managed social security fund scheme (the “Social Security Fund Scheme”), which is operated by the Macau government. The Company is required to pay monthly fixed contributions and meet the minimum mandatory requirement of the Social Security Fund Scheme to fund the benefits. During the years ended December 31, 2023, 2022 and 2021, the Comp a , $ and $ , respectively.

DISTRIBUTION OF PROFITS

DISTRIBUTION OF PROFITS	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
DISTRIBUTION OF PROFITS	17. DISTRIBUTION OF PROFITS 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 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, 2023 and 2022, the balance of the legal reserve amounted to $ 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, and are disclosed in Note 10 under each of the respective borrowings. During the years ended December 31, 2023, 2022 and 2021, 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, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	18. COMMITMENTS AND CONTINGENCIES (a) Capital Commitments As of December 31, 2023, the Company had capital commitments for the construction and acquisition of property and equipment totaling (b) Guarantee Except as disclosed in Note 10, the Company has made the following significant guarantee as of December 31, 2023: 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 $25,602) (“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, 2023 was further extended to August 31, 2025, and is guaranteed by Studio City Company. As of December 31, 2023, approximately $640 of the Trade Credit Facility had been utilized. (c ) Litigation As of December 31, 2023, 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, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS During the years ended December 31, 2023, 2022 and 2021, the Company entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2023 2022 2021 Transactions with affiliated companies Melco and its subsidiaries Revenues (services provided by the Company): Revenue from casino contract $155,527 $ (56,665 ) $ (1,455 ) Rooms and food and beverage (1) 111,438 25,039 48,978 Services fee (2) 40,473 21,889 24,906 Entertainment (1) 39,715 499 361 Costs and expenses (services provided to the Company): Staff costs recharges (3) (4) 89,713 56,620 59,676 Corporate services (5) 34,640 33,263 32,354 Other services 20,936 17,705 16,696 Staff costs for construction and renovation work capitalized (4) 4,674 11,864 11,362 Purchases of goods and services 567 186 149 Sale and purchase of assets: Sale of property and equipment and other long-term assets 914 8 1,695 Transfer-in 5,527 2,423 5,167 Purchases of intangible assets —  —  192 (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, 2023, 2022 and 2021, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $151,153, $25,538 and $49,339, respectively, of which $113,942, $22,884 and $44,117 related to Studio City Casino’s gaming patrons and $37,211, $2,654 and $5,222 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 Transactions As of December 31, 2023 and 2022, Mr. Lawrence Yau Lung Ho, Studio City International’s director, and his controlled entity held an aggregate principal amount of $60,000 of senior notes issued by Studio City Finance in each of those years. As of December 31, 2023 and 2022, an independent director of Studio City During the years ended December 31, 2023, 2022 and 2021, total interest expense expense (a) Receivables from Affiliated Companies The outstanding balances as of December 31, 2023 and 2022 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, 2023 and 2022 are payables to Melco International and its subsidiaries mainly arising from operating expenses, and are unsecured, non-interest

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
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

ADDITIONAL INFORMATION - FINANC

ADDITIONAL INFORMATION - FINANCIAL STATEMENT SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 ASSETS Current assets: Cash and cash equivalents $ 28 $ 27 Receivables from a subsidiary 6,330 3,398 Prepaid expenses and other current assets 3 7 Total current assets 6,361 3,432 Investments in subsidiaries 668,012 802,512 Total assets $ 674,373 $ 805,944 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accrued expenses and other current liabilities $ 1,503 $ 739 Payables affiliated 346 474 Payables to subsidiaries 6,420 4,125 Total current liabilities 8,269 5,338 Total liabilities 8,269 5,338 Shareholders’ equity: Class A ordinary shares, par value $0.0001; 1,927,488,240 shares authorized; 770,352,700 shares issued and outstanding 77 77 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 2,477,359 Accumulated other comprehensive losses (12,656 ) (11,671 ) Accumulated losses (1,798,683 ) (1,665,166 ) Total shareholders’ equity 666,104 800,606 Total liabilities and shareholders’ equity $ 674,373 $ 805,944 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, 2023 2022 2021 Operating revenues $ — $ — $ — Operating costs and expenses — (12 ) — Operating loss — (12 ) — Non-operating Foreign exchange losses, net (2 ) (2 ) (1 ) Share of results of subsidiaries (133,515 ) (326,437 ) (252,554 ) Total non-operating (133,517 ) (326,439 ) (252,555 ) Loss before income tax (133,517 ) (326,451 ) (252,555 ) Income tax expense — — — Net loss $ (133,517 ) $ (326,451 ) $ (252,555 ) 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, 2023 2022 2021 Net loss $ (133,517 ) $ (326,451 ) $ (252,555 ) Other comprehensive loss: Foreign currency translation adjustments (985 ) (5,535 ) (18,012 ) Other comprehensive loss (985 ) (5,535 ) (18,012 ) Total comprehensive loss $  (134,502 ) $  (331,986 ) $  (270,567 ) 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, 2023 2022 2021 Cash flows from operating activities: Net cash provided by operating activities $ 1 $ 830 $      472   Cash flow from an investing activity: Capital contribution to a subsidiary —  (300,000 ) —  Cash used in an investing activity —  (300,000 ) —  Cash flow from a financing activity: Net proceeds from (payments for) issuance of shares —    299,159 (445 ) Cash provided by (used in) a financing activity —  299,159 (445 ) Increase (decrease) in cash and cash equivalents 1 (11 ) 27 Cash and cash equivalents at beginning of year       27 38 11 Cash and cash equivalents at end of year $ 28 $ 27 $ 38

SCHEDULE 1 - FINANCIAL INFORMAT

SCHEDULE 1 - FINANCIAL INFORMATION OF PARENT COMPANY ADDITIONAL INFORMATION	12 Months Ended
	Dec. 31, 2023
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, 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, 2023
Basis of Presentation	(a) Basis of Presentation and Principles of Consolidation On December 16, 2022, the Macau government awarded a ten-year On June 23, 2022, Melco Resorts Macau and Studio City Entertainment Limited (“Studio City Entertainment”), a subsidiary of Studio City International, amended a services and right to use agreement dated May 11, 2007, as amended, together with related agreements (the “Studio City Casino Agreement”) to align such agreement with the enacted amendments to the Macau gaming law. Under the Studio City Casino Agreement, Melco Resorts Macau agreed to operate the Studio City Casino since the Company does not hold a gaming concession in Macau. In addition, certain conditions imposed by the Macau government relating to the previous agreement, including in relation to shareholding requirements for certain direct and indirect shareholders of Studio City Entertainment, were no longer applicable. 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 is captioned as revenue from casino contract. In December 2015, Studio City International and certain of its subsidiaries entered into a master services agreement; and certain of its subsidiaries entered into 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 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 financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates.
Fair Value of Financial Instruments	(c) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The 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 placed with financial institutions with high-credit ratings and quality.
Restricted Cash	(e) Restricted Cash The current portion of restricted cash represents cash deposited into bank accounts which are restricted as to withdrawal and use and the 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 to their carrying amounts, which reflects the net amount the Company expects to collect. The allowance for credit losses is estimated based on specific reviews of the age of the balances owed, the customers’ financial condition, management’s experience with the collection trends of the customers, current business and economic conditions, and management’s expectations of future business and economic conditions. Management believes that as of December 31, 2023 and 2022, 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 weighted average methods.
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, 2023 and 2022 were $35,432 and $35,801, respectively, and the other current assets as of December 31, 2023 and 2022 were $3,565 and $2,920, respectively.
Property and Equipment	(i) Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and accumulated impairment, 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 expense incurred amounted to $144,806, $141,977 and $114,694, of which $15,239, $49,619 and $23,727 were capitalized during the years ended December 31, 2023, 2022 and 2021, respectively.
Other Long-term Assets	(k) Other Long-term Assets Before the amendment of the Studio City Casino Agreement on June 23, 2022, other long-term assets, net represents the payments for the future economic benefits of certain property and equipment for the operation of Studio City Casino (the “Studio City Gaming Assets”), transferred from Melco Resorts Macau to the Company, less subsequent accumulated amortization and accumulated impairment, if any. After the amendment of the Studio City Casino Agreement on June 23, 2022, other long-term assets, net represents the payments to Melco Resorts Macau from the Company for the future economic benefits of the Studio City Casino Agreement for the operation of Studio City Casino, less subsequent accumulated amortization and accumulated impairment, if any. Other long-term assets are amortized using the 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 was previously retained by Melco Resorts Macau. The Reversion Assets (as defined in Note 5) (including certain of the Studio City Gaming Assets) that reverted to the Macau government at the expiration of the previous gaming 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. Generally, any gain or loss arising on the disposal or retirement of cost of other long-term assets is determined as the difference between the sale proceeds and the carrying amount of the future economic benefits of the Studio City Casino Agreement generated from 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 stated at cost, net of accumulated amortization. The Company’s intangible assets, which are finite-lived, consist of internal-use 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, future market conditions and gross margin. If the undiscounted cash flows exceed the carrying values, no impairments are indicated. If the undiscounted cash flows do not exceed the carrying values, then an impairment charge is recorded based on the fair values of the assets, typically measured using a discounted cash flow model involving significant assumptions, such as discount rates . I No impairment of long-lived assets was recognized during the years ended December 31, 2023 and 2022. During the year ended December 31, 2021, an impairment of long-lived assets of $ for property and equipment, mainly due to reconfigurations and renovations at Studio City, was recognized and included in property charges and other in the accompanying consolidated statements of operations.
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 expense over the terms of the related debt agreements using the effective interest method. Deferred financing costs incurred in connection with the issuance of revolving credit facilities are included in other assets, either current or 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 an stated , net of
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 costs incurred and is reduced by any lease incentive received. For leases where the rate implicit in the lease is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term. 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. Under the Studio City Casino Agreement, Melco Resorts Macau deducts gaming taxes and the costs incurred in connection with its operations from Studio City Casino’s gross gaming revenues, including the standalone selling prices of complimentary services within Studio City provided to the Studio City gaming patrons of Studio City Casino. The residual amount which the Company receives as revenue is captioned as revenue from casino contract. 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 The Company follows the accounting standards for reporting revenue gross as a principal versus net as an agent, when accounting for the operations of one of its externally managed hotels and concluded that it is the controlling entity and is the principal to this arrangement. For the operations of this externally managed hotel, as the Company is the owner of the hotel property, the hotel manager operates the hotel under a management agreement providing management services to the Company, and the Company receives all rewards and takes substantial risks associated with the hotel’s business, it is the principal and the transactions are, therefore, recognized on a gross basis. 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 $4,432 as of December 31, 2023 increased by $2,639 from the balance of $1,793 as of December 31, 2022. 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.
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 $22,668, $3,692 and $4,977 for the years ended December 31, 2023, 2022 and 2021, respectively.
Interest Income	Interest Income Interest income is recorded on an accrual basis at the stated interest rate and is recorded in interest income in the accompanying consolidated statements of operations.
Foreign Currency Transactions and Translations	Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of Studio City International and its subsidiaries during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the accompanying consolidated statements of operations. The functional currency of Studio City International is the U.S. dollar (“$” 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 income (loss).
Comprehensive Loss and Accumulated Other Comprehensive Losses	(v) Comprehensive Loss and Accumulated Other Comprehensive Losses Comprehensive loss includes net loss and other non-shareholder As of December 31, 2023 and 2022, the Company’s accumulated other comprehensive losses consisted solely of foreign currency translation adjustments, net of tax and participation interest.
Income Tax	(w) 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 % likely, based on cumulative probability.
Net Loss Income Attributable to Studio City International Holdings Limited Per Class A Ordinary Share	(x) 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 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 the loss of Studio City International. As a result, Class B ordinary shares are not considered participating securities and are not included in the weighted average number of shares outstanding for purposes of computing net loss attributable to Studio City International Holdings Limited per 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, 2023 2022 2021 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 770,352,700 710,582,947 370,352,700 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 —  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 770,352,700 783,094,707 370,352,700 Anti-dilutive Class A ordinary shares under the if-converted 72,511,760 —  72,511,760
Recent Changes in Accounting Standards	(y) 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, 2023
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, 2023 2022 2021 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 770,352,700 710,582,947 370,352,700 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 —  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 770,352,700 783,094,707 370,352,700 Anti-dilutive Class A ordinary shares under the if-converted 72,511,760 —  72,511,760

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	12 Months Ended
	Dec. 31, 2023
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,   2023     2022   Cash $ 44,309 $ 54,340 Cash equivalents 183,731 455,183 Total cash and cash equivalents 228,040 509,523 Non-current 130 130 Total cash, cash equivalents and restricted cash $ 228,170 $ 509,653

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Components of Accounts Receivable, Net	Components of accounts receivable, net are as follows: December 31,   2023     2022   Hotel $ 1,833 $ 250 Other 458 13 Sub-total 2,291 263 Less: allowances for credit losses (10 ) —  Accounts receivable, net $ 2,281 $ 263
Movement in Allowances for Credit Losses	Movement in the allowances for credit losses are as follows: Year Ended December 31,   2023     2022     2021   Balance at beginning of year $   —  $   —  $ 976 Provision for credit losses 10 —  —  Write-offs —  —  (970 ) Effect of exchange rate —  —  (6 ) Balance at end of year $ 10 $ —  $   —

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	December 31, 2023 2022 Buildings $ 3,384,762 $ 2,301,644 Furniture, fixtures and equipment 301,910 286,436 Leasehold improvements 134,091 110,981 Motor vehicles 2,717 2,596 Construction in progress 881 1,079,112 Sub-total 3,824,361 3,780,769 Less: accumulated depreciation and amortization (1,048,555 ) (912,705 ) Property and equipment, net $  2,775,806   $  2,868,064

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets, Net	December 31, 2023 2022 Finite-lived intangible assets: Internal-use software $ 4,199 $ 4,200   Less: accumulated amortization (4,194 ) (2,827 ) Intangible assets, net $ 5 $ 1,373
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The amortization expenses of internal -use software recognized for the years ended December 31, 2023, 2022 and 2021 were $ 1,364 , $ 1,396 and $ 1,401 , respectively. As of December 31, 2023, the estimated future amortization expenses of internal-use software are as follows: Year ending December 31, 2024 $  5   $         5

LONG-TERM PREPAYMENTS, DEPOSI_2

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 Other long-term assets $ 22,327 $ 16,824 Less: accumulated amortization (10,289 ) (4,309 ) Other long-term assets, net 12,038 12,515 Long-term prepayments 9,217 29,250 Other deposits and other 5,323 4,582 Deposits for acquisition of property and equipment 931 1,645 Deferred financing costs, net 278 333 Long-term prepayments, deposits and other assets $ 27,787 $ 48,325

LAND USE RIGHT, NET (Tables)

LAND USE RIGHT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
Schedule of Land Use Right, Net	December 31, 2023 2022 Cost $ 177,738 $ 177,790 Less: accumulated amortization (72,434 ) (69,145 ) Land use right, net $ 105,304 $ 108,645

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	December 31,   2023     2022   Property and equipment payables $ 45,499 $ 87,701 Interest expense payable 60,522 63,371 Operating expense and other accruals and liabilities 23,970 11,728 Advance customer deposits and ticket sales 4,432 1,793 Operating lease liabilities 1,091 1,095 Accrued expenses and other current liabilities $ 135,514 $ 165,688

LONG-TERM DEBT, NET (Tables)

LONG-TERM DEBT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Summary of Long-term Debt, Net	Long-term debt, net consisted of the following: December 31,   2023     2022   Senior Notes 202 0 6 .000% SC Notes, due 202 5 (net of unamortized deferred financing costs of $ 1,320 and $ 2,692 , respectively) $ 395,680 $ 497,308 2020 6.500% SC Notes, due 2028 (net of unamortized deferred financing costs of $2,970 and $3,598, respectively) 497,030 496,402 2021 5.000% Studio City Notes, due 2029 (net of unamortized deferred financing costs and original issue premiums of $ 3,626 and $ 4,228 , respectively) 1,096,374 1,095,772 202 2 7 .000% Studio City Secured Notes, due 202 7 (net of unamortized deferred financing costs of $ 4,039 and $ 5,134 , respectively) 345,961 344,866 Credit Facilities 2016 Studio City Credit Facilities (1) 128 128 Long-term debt, net $ 2,335,173 $ 2,434,476 (1) As of December 31, 2023 and 2022, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $ 278 and $ 333 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, 2023 are as follows: Year ending December 31, 2024 $ —  2025 397,000 2026 —  2027 350,000 2028 500,128 Over 2028 1,100,000 $ 2,347,128

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Summary of components of lease costs	The components of operating lease costs are as follows: Year Ended December 31, 2023 2022 2021 Amortization of land use right $ 3,302 $ 3,300 $ 3,325 Operating lease costs 1,072 1,078 1,094 Total operating lease costs $    4,374   $    4,378   $    4,419
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,   2023     2022   Weighted average remaining lease term 31.8 years  32.9 years Weighted average discount rate 7.81% 7.00%
Summary of maturities of operating lease liabilities	Maturities of operating lease liabilities as of December 31, 2023 are as follows: Year ending December 31, 202 4 $ 1,127 2025 1,127 202 6 1,127 202 7 1,127 2028 1,127 Over 2028 30,213 Total future minimum lease payments 35,848 Less: amount representing interest (22,507 ) Present value of future minimum lease payments 13,341 Current portion (1,091 ) Non-current $   12,250
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, 2024 $ 6,262 2025 5,824 2026 5,066 2027 3,767 2028 3,082 Over 2028 3,066 $  27,067

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Loss before Income Tax	Loss before income tax c onsi Year Ended December 31, 2023 2022 2021 Macau operations $ (25,450 ) $ (271,801 ) $ (191,655 ) Hong Kong and other jurisdictions operations (120,715 ) (89,124 ) (110,804 ) Loss before income tax $  (146,165 ) $  (360,925 ) $  (302,459 )
Summary of Income Tax (Benefit) Expense	The income tax (benefit) expense consisted of: Year Ended December 31, 2023 2022 2021 Income tax expense - current: Hong Kong Profits Tax $ 7 $ 1 $ 9 (Over) under provision of income taxes in prior years: Macau Complementary Tax —  —  (29 ) Hong Kong Profits Tax (15 ) —  8 Sub-total (15 ) —  (21 ) Income tax (benefit) expense - deferred: Macau Complementary Tax (73 ) 381 (445 ) Total income tax (benefit) expense $       (81 ) $       382 $      (457 )
Schedule of Reconciliation of Income Tax (Benefit) Expense from Loss Before Income Tax	A reconciliation of the income tax (benefit) expense from loss before income tax per the accompanying consolidated statements of operations is as follows: Year Ended December 31, 2023 2022 2021 Loss before income tax $  (146,165 ) $  (360,925 ) $  (302,459 ) Macau Complementary Tax rate 12 % 12 % 12 % Income tax benefit at Macau Complementary Tax rate (17,540 ) (43,311 ) (36,295 ) Effect of different tax rates of subsidiaries operating in other jurisdictions (5,432 ) (3,449 ) (5,385 ) Over provision in prior years (15 ) —  (21 ) Effect of income for which no income tax expense is payable (2,191 ) (1,438 ) (534 ) Effect of expenses for which no income tax benefit is receivable 6,338 16,560 20,970 Effect of profits exempted from Macau Complementary Tax (61 ) —  —  Effect of tax losses that cannot be carried forward —  —  5,532 Changes in valuation allowances 1,515 16,202 (925 ) Expired tax losses 17,305 15,818 16,201 Income tax (benefit) expense $ (81 ) $ 382 $ (457 )
Schedule of Net Deferred Tax Liabilities	The net deferred tax liabilities as of December 31, 2023 and 2022 consisted of the following: December 31, 2023 2022 Deferred tax assets: Net operating losses carried forward $ 43,938 $    57,522 Depreciation and amortization 36,692 33,512 Lease liabilities 1,601 1,751 Others 165 154 Sub-total 82,396 92,939 Valuation allowances (80,665 ) (91,092 ) Total deferred tax assets 1,731 1,847 Deferred tax liabilities: Right-of-use (1,394 ) (1,576 ) Unrealized capital allowances (646 ) (653 ) Total deferred tax liabilities (2,040 ) (2,229 ) Deferred tax liabilities, net $ (309 ) $ (382 )

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Significant Related Party Transactions	During the years ended December 31, 2023, 2022 and 2021, the Company entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2023 2022 2021 Transactions with affiliated companies Melco and its subsidiaries Revenues (services provided by the Company): Revenue from casino contract $155,527 $ (56,665 ) $ (1,455 ) Rooms and food and beverage (1) 111,438 25,039 48,978 Services fee (2) 40,473 21,889 24,906 Entertainment (1) 39,715 499 361 Costs and expenses (services provided to the Company): Staff costs recharges (3) (4) 89,713 56,620 59,676 Corporate services (5) 34,640 33,263 32,354 Other services 20,936 17,705 16,696 Staff costs for construction and renovation work capitalized (4) 4,674 11,864 11,362 Purchases of goods and services 567 186 149 Sale and purchase of assets: Sale of property and equipment and other long-term assets 914 8 1,695 Transfer-in 5,527 2,423 5,167 Purchases of intangible assets —  —  192 (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, 2023, 2022 and 2021, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $151,153, $25,538 and $49,339, respectively, of which $113,942, $22,884 and $44,117 related to Studio City Casino’s gaming patrons and $37,211, $2,654 and $5,222 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	Dec. 31, 2023	Dec. 31, 2022
New Cotai, LLC [Member]
Organization and Business [Line Items]
Common stock dividend percentage	9.40%	9.40%
Class A Ordinary Shares [Member]
Organization and Business [Line Items]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Class B Ordinary Shares [Member]
Organization and Business [Line Items]
Ordinary shares, par value	$ 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, 2023
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, 2023	Dec. 31, 2022	Dec. 31, 2021
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	770,352,700	710,582,947	370,352,700
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	0	72,511,760	0
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	770,352,700	783,094,707	370,352,700
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	72,511,760	0	72,511,760

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Significant Accounting Policies [Line Items]
Interest expenses incurred	$ 144,806	$ 141,977	$ 114,694
Interest expenses capitalized	$ 15,239	49,619	23,727
Impairment of long-lived assets on property and equipment			1,500
Land use rights, estimated useful life	40 years
Maximum deposits recognizing period	1 year
Advertising and promotional costs	$ 22,668	3,692	4,977
Percentage of tax benefit greater than likelihood	50%
Other Assets, Current	$ 3,565	2,920
Prepaid Expense, Current	$ 35,432	35,801
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	$ 4,432	1,793	$ 2,259
Decrease in advance customer deposits and ticket sales	$ (2,639)	$ (466)
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 - Schedule of Cash Cash Equivalents And Restricted Cash (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash	$ 44,309	$ 54,340
Cash equivalents	183,731	455,183
Total cash and cash equivalents	228,040	509,523
Non-current portion of restricted cash	130	130
Total cash, cash equivalents and restricted cash	$ 228,170	$ 509,653	$ 499,419	$ 575,359

ACCOUNTS RECEIVABLE, NET - Comp

ACCOUNTS RECEIVABLE, NET - Components of Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 2,291	$ 263
Less: allowances for credit losses	(10)	0	$ 0	$ (976)
Accounts receivable, net	2,281	263
Hotel [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	1,833	250
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 458	$ 13

ACCOUNTS RECEIVABLE, NET - Move

ACCOUNTS RECEIVABLE, NET - Movement in Allowances for Credit Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Balance at beginning of year	$ 0	$ 0	$ 976
Provision for credit losses	10	0	0
Write-offs	0	0	(970)
Effect of exchange rate	0	0	(6)
Balance at end of year	$ 10	$ 0	$ 0

PROPERTY AND EQUIPMENT, NET - C

PROPERTY AND EQUIPMENT, NET - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property and Equipment, Net
Cost	$ 3,824,361	$ 3,780,769
Less: accumulated depreciation and amortization	(1,048,555)	(912,705)
Property and equipment, net	2,775,806	2,868,064
Buildings [Member]
Property and Equipment, Net
Cost	3,384,762	2,301,644
Furniture, fixtures and equipment [Member]
Property and Equipment, Net
Cost	301,910	286,436
Leasehold improvements [Member]
Property and Equipment, Net
Cost	134,091	110,981
Motor vehicles [Member]
Property and Equipment, Net
Cost	2,717	2,596
Construction in progress [Member]
Property and Equipment, Net
Cost	$ 881	$ 1,079,112

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) m²	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Description of annual fee per square meter for years one to three	MOP0.75 (equivalent to $0.09)
Description of annual fee per square meter for years four to ten	MOP2.5 (equivalent to $0.3)
Depreciation and amortization expenses of property and equipment	$ 158,746	$ 113,028	$ 111,335
Property, Plant and Equipment, Gross	3,824,361	3,780,769
Accumulated depreciation, depletion and amortization, property, plant and equipment	$ 1,048,555	912,705
Studio City Casino [Member]
Property, Plant and Equipment [Line Items]
Area of land | m²	28,784.3
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Internal-use Software [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of finite lived intangible assets	$ 1,364	$ 1,396	$ 1,401

INTANGIBLE ASSETS, NET - Schedu

INTANGIBLE ASSETS, NET - Schedule of Finite-Lived Intangible Assets, Net (Detail) - Internal-use Software [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 4,199	$ 4,200
Less: accumulated amortization	(4,194)	(2,827)
Intangible assets, net	$ 5	$ 1,373

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, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
2024	$ 5
Finite-lived intangible assets, net	$ 5	$ 1,373

LONG-TERM PREPAYMENTS, DEPOSI_3

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long Term Prepayments Deposits And Other Assets [Abstract]
Amortization expenses of other long-term assets	$ 5,985	$ 9,232	$ 11,573

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, 2023	Dec. 31, 2022
Long Term Prepayments Deposits And Other Assets [Abstract]
Other long-term assets	$ 22,327	$ 16,824
Less: accumulated amortization	(10,289)	(4,309)
Other long-term assets, net	12,038	12,515
Long-term prepayments	9,217	29,250
Other deposits and other	5,323	4,582
Deposits for acquisition of property and equipment	931	1,645
Deferred financing costs, net	278	333
Long-term prepayments, deposits and other assets	$ 27,787	$ 48,325

LAND USE RIGHT, NET - Schedule

LAND USE RIGHT, NET - Schedule of Land Use Right, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Land Use Right [Abstract]
Cost	$ 177,738	$ 177,790
Less: accumulated amortization	(72,434)	(69,145)
Land use right, net	$ 105,304	$ 108,645

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, 2023	Dec. 31, 2022
Property and equipment payables	$ 45,499	$ 87,701
Interest expense payable	60,522	63,371
Operating expense and other accruals and liabilities	23,970	11,728
Operating lease liabilities	1,091	1,095
Accrued expenses and other current liabilities	$ 135,514	$ 165,688
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Advance Customer Deposits And Ticket Sales [Member]
Advance customer deposits and ticket sales	$ 4,432	$ 1,793

LONG-TERM DEBT, NET - Summary o

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Detail) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Long-term Debt [Line Items]
Long-term debt, net		$ 2,335,173	$ 2,434,476
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		395,680	497,308
2020 6.500% SC Notes, due 2028 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		497,030	496,402
2021 5.000% Studio City Notes, due 2029 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		1,096,374	1,095,772
2022 7.000% Studio City Secured Notes, due 2027 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net		345,961	344,866
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, 2023 and 2022, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $278 and $333 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, 2023	Dec. 31, 2022
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 1,320	$ 2,692
2020 6.500% SC Notes, due 2028 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	2,970	3,598
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	3,626	4,228
2022 7.000% Studio City Secured Notes, due 2027 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	4,039	5,134
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	$ 278	$ 333

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, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 28, 2023	Nov. 24, 2023	Nov. 22, 2023	Nov. 09, 2023
Long-term Debt [Line Items]
Total long-term debt		$ 2,347,128	$ 2,450,128
Gain (Loss) on Extinguishment of Debt		1,611	$ 0	$ (28,817)
2020 6.000% SC Notes, due 2025 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Total long-term debt	$ 500,000	$ 397,000
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] | Tender Offer [Member]
Long-term Debt [Line Items]
Tender offer amount accepted for purchase					$ 100,000
Tender offer amount accepted for purchase, maximum						$ 100,000		$ 75,000
Gain (Loss) on Extinguishment of Debt		$ 1,495
Debt instrument tendered amount							$ 317,461
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 Studio City Notes [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Net assets restricted from distribution		$ 740,000

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, 2023	Dec. 31, 2022
Long-term Debt [Line Items]
Total long-term debt			$ 2,347,128	$ 2,450,128
2021 5.000% Studio City Notes, due 2029 [Member] | Senior Notes [Member]
Long-term Debt [Line Items]
Net assets restricted from distribution			$ 740,000
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
Interest rate per annum		5%
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
Interest rate per annum	5%

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, 2023	Dec. 31, 2022
Long-term Debt [Line Items]
Total long-term debt		$ 2,347,128	$ 2,450,128
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		$ 675,000
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 (2016 Studi

LONG-TERM DEBT, NET (2016 Studio City Credit Facilities) - Additional Information (Detail) $ in Thousands, $ in Thousands		12 Months Ended
	Nov. 30, 2016 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 HKD ($)	Nov. 30, 2016 HKD ($)	Jan. 28, 2013 USD ($)	Jan. 28, 2013 HKD ($)
Long-term Debt [Line Items]
Total outstanding borrowings		$ 2,347,128	$ 2,450,128
Studio City Project Facility [Member] | Total Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity							$ 1,395,357	$ 10,855,880
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 30,077					$ 234,000
Net assets restricted from distribution		$ 675,000
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member] | Extended Maturity [Member]
Long-term Debt [Line Items]
Maturity date		Jan. 15, 2028
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	$ 129					1,000
Total outstanding borrowings		$ 128			$ 1,000
Term loan facility, cash collateral	130					1,012
2016 Studio City Credit Facilities [Member] | Revolving Credit Facility [Member]
Long-term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 29,948					$ 233,000
Total outstanding borrowings					0
Amount available for future drawdown		29,827			$ 233,000
Loan commitment fees recognized		$ 417	$ 417	$ 419

LONG-TERM DEBT, NET - Borrowing

LONG-TERM DEBT, NET - Borrowing Rates of Long-term Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Average borrowing rate per annum	5.80%	5.77%	5.69%

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, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 0
2025	397,000
2026	0
2027	350,000
2028	500,128
Over 2028	1,100,000
Total long-term debt	$ 2,347,128	$ 2,450,128

LEASES -Summary of components o

LEASES -Summary of components of lease cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating lease cost:
Amortization of land use right	$ 3,302	$ 3,300	$ 3,325
Operating lease costs	1,072	1,078	1,094
Total operating lease costs	$ 4,374	$ 4,378	$ 4,419

LEASES - Disclosure of other in

LEASES - Disclosure of other information related to lease terms and discount rates (Detail)	Dec. 31, 2023	Dec. 31, 2022
Lessee Operating Lease Other Information Related To Lease Term And Discount Rate [Abstract]
Operating leases, Weighted average remaining lease term	31 years 9 months 18 days	32 years 10 months 24 days
Operating leases, Weighted average discount rate	7.81%	7%

LEASES - Summary of maturities

LEASES - Summary of maturities of operating lease liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
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
Year ending December 31, 2028	1,127
Over year ending December 31, 2028	30,213
Total future minimum lease payments	35,848
Less: amount representing interest	(22,507)
Present value of future minimum lease payments	13,341
Present value of future minimum lease payments current portion	(1,091)	$ (1,095)
Present value of future minimum lease payments non-current portion	$ 12,250	$ 13,499

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, 2023 USD ($)
Lessor, Lease, Description [Line Items]
Year ending December 31, 2024	$ 6,262
Year ending December 31, 2025	5,824
Year ending December 31, 2026	5,066
Year ending December 31, 2027	3,767
Year ending December 31, 2028	3,082
Over year ending December 31, 2028	3,066
Total minimum future fees to be received	$ 27,067

LEASES - Additional Information

LEASES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Minimum operating lease income	$ 4,393	$ 3,714	$ 7,125
Contingent operating lease income	$ 3,111	449	1,638
Operating leases - as lessor, last expiry date	2035-12
Amount of reduction in lease income as a result of the rent concessions	$ 41	$ 198	$ 0
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, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
The estimated fair values of long-term debt	$ 2,113,560	$ 1,959,195
The carrying value of long-term debt, excluding unamortized deferred financing costs and original issue premiums	$ 2,347,128	$ 2,450,128

CAPITAL STRUCTURE - Additional

CAPITAL STRUCTURE - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Two Thousand And Twenty Two Private Placements [Member]
Capital Structure [Line Items]
Gross proceeds from shares	$ 300,000
Offering expenses	$ 841
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	770,352,700
Ordinary shares, outstanding		770,352,700	770,352,700
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

INCOME TAXES - Schedule of Loss

INCOME TAXES - Schedule of Loss before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Income Taxes [Line Items]
Loss before income tax	$ (146,165)	$ (360,925)	$ (302,459)
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Loss before income tax	(25,450)	(271,801)	(191,655)
Hong Kong and other jurisdictions operations [Member]
Schedule Of Income Taxes [Line Items]
Loss before income tax	$ (120,715)	$ (89,124)	$ (110,804)

INCOME TAXES - Summary of Incom

INCOME TAXES - Summary of Income Tax (Benefit) Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
(Over) under provision of income taxes in prior years:
(Over) under provision of income taxes in prior years	$ (15)	$ 0	$ (21)
Income tax (benefit) expense
Total income tax (benefit) expense	(81)	382	(457)
Macau Complementary Tax [Member]
(Over) under provision of income taxes in prior years:
(Over) under provision of income taxes in prior years	0	0	(29)
Income tax (benefit) expense - deferred:
Income tax (benefit) expense - deferred	(73)	381	(445)
Hong Kong Profits Tax [Member]
Income tax expense - current:
Income tax expense – current	7	1	9
(Over) under provision of income taxes in prior years:
(Over) under provision of income taxes in prior years	$ (15)	$ 0	$ 8

INCOME TAXES - Income Tax (Bene

INCOME TAXES - Income Tax (Benefit) Expense from Loss Before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Loss before income tax	$ (146,165)	$ (360,925)	$ (302,459)
Macau Complementary Tax rate	12%	12%	12%
Income tax benefit at Macau Complementary Tax rate	$ (17,540)	$ (43,311)	$ (36,295)
Effect of different tax rates of subsidiaries operating in other jurisdictions	(5,432)	(3,449)	(5,385)
Over provision in prior years	(15)	0	(21)
Effect of income for which no income tax expense is payable	(2,191)	(1,438)	(534)
Effect of expenses for which no income tax benefit is receivable	6,338	16,560	20,970
Effect of profits exempted from Macau Complementary Tax	(61)	0	0
Effect of tax losses that cannot be carried forward	0	0	5,532
Changes in valuation allowances	1,515	16,202	(925)
Expired tax losses	17,305	15,818	16,201
Income tax (benefit) expense	$ (81)	$ 382	$ (457)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12%	12%	12%
Expected increase in net loss attributable to the parent if taxes on profits generated from income received from under the Studio City Casino Agreement have been paid	$ 32
Effective tax rate	0.10%	(0.10%)	0.20%
Valuation allowances	$ 80,665	$ 91,092
Adjusted operating tax losses carried forwards, expired	144,212
Aggregate undistributed earnings of foreign subsidiaries	745,689	745,397
Provision related to tax withholding for dividends	0	0
Deferred income tax liability, undistributed earnings	89,483	89,448
Interest and penalties related to uncertain tax positions recognized	$ 0	$ 0
Diluted Earnings Per Class A Share [Member]
Schedule Of Income Taxes [Line Items]
Expected increase in loss per share if taxes on profits generated from income received from under the Studio City Casino Agreement have been paid	$ 0.00004
Operating Tax Loss Carry Forwards Expiring 2024 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	$ 100,763
Operating Tax Loss Carry Forwards Expiring 2025 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	137,478
Operating Tax Loss Carry Forwards Expiring 2026 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax losses carry forwards expiration	$ 127,908
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
Period For Which Complementary Tax exemption Applied	January 1, 2023 through December 31, 2027
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

INCOME TAXES - Schedule of Net

INCOME TAXES - Schedule of Net Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Net operating losses carried forward	$ 43,938	$ 57,522
Depreciation and amortization	36,692	33,512
Lease liabilities	1,601	1,751
Others	165	154
Sub-total	82,396	92,939
Valuation allowances	(80,665)	(91,092)
Total deferred tax assets	1,731	1,847
Deferred tax liabilities
Right-of-use assets	(1,394)	(1,576)
Unrealized capital allowances	(646)	(653)
Total deferred tax liabilities	(2,040)	(2,229)
Deferred tax liabilities, net	$ (309)	$ (382)

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based compensation expenses	$ 361	$ 438

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Amount of employer contributions into the defined contribution retirement benefits schemes	$ 40	$ 21	$ 8
Defined contribution plan employee vesting period from date of employment	10 years

DISTRIBUTION OF PROFITS - Addit

DISTRIBUTION OF PROFITS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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, 2023 USD ($)
Commitments and Contingencies [Line Items]
Capital commitments			$ 14,734
Trade Credit Facility [Member]
Commitments and Contingencies [Line Items]
Amount entered with a bank to meet certain payment obligations	$ 25,602	$ 200,000
Credit facility utilized			$ 640
Credit facility, maturity date			Aug. 31, 2023
Trade Credit Facility [Member] | Extended Maturity [Member]
Commitments and Contingencies [Line Items]
Credit facility, maturity date			Aug. 31, 2025

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues (services provided by the Group):
Revenues	$ 445,538	$ 11,548	$ 106,868
Casino Contract [Member]
Revenues (services provided by the Group):
Revenues	155,527	(56,665)	(1,455)
Costs and expenses (services provided to the Group):
Costs and expenses	28,847	29,871	28,085
Services Fee [Member]
Revenues (services provided by the Group):
Revenues	40,473	21,889	24,906
Entertainment [Member]
Revenues (services provided by the Group):
Revenues	61,777	1,649	2,649
Costs and expenses (services provided to the Group):
Costs and expenses	53,056	2,253	2,842
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	914	8	1,695
Transfer-in of other long-term assets	5,527	2,423	5,167
Purchases of intangible assets	0	0	192
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Casino Contract [Member]
Revenues (services provided by the Group):
Revenues	155,527	(56,665)	(1,455)
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Rooms Food and Beverage [Member]
Revenues (services provided by the Group):
Revenues	111,438	25,039	48,978
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Services Fee [Member]
Revenues (services provided by the Group):
Revenues	40,473	21,889	24,906
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Entertainment [Member]
Revenues (services provided by the Group):
Revenues	39,715	499	361
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	89,713	56,620	59,676
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Corporate Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	34,640	33,263	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	20,936	17,705	16,696
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	4,674	11,864	11,362
Melco and its Subsidiaries [Member] | Transactions with affiliated companies [Member] | Purchases of Goods and Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	$ 567	$ 186	$ 149

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Aggregated revenue	$ 445,538	$ 11,548	$ 106,868
Melco and its Subsidiaries [Member] | Rooms Food and Beverage and Entertainment Revenues [Member] | Studio City Casinos Gaming Patrons [Member]
Related Party Transaction [Line Items]
Aggregated revenue	113,942	22,884	44,117
Melco and its Subsidiaries [Member] | Rooms Food and Beverage and Entertainment Revenues [Member] | Non Studio City Casinos Gaming Patrons [Member]
Related Party Transaction [Line Items]
Aggregated revenue	37,211	2,654	5,222
Melco and its Subsidiaries [Member] | Rooms Food and Beverage and Entertainment Revenues [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Aggregated revenue	$ 151,153	$ 25,538	$ 49,339

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Aggregate principal amount	$ 2,347,128	$ 2,450,128
Total interest expenses	129,567	92,358	$ 90,967
Lawrence Yau Lung Ho and his controlled entity [Member]
Related Party Transaction [Line Items]
Total interest expenses	3,300	3,300	$ 4,494
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	30	14
Independent Director [Member] | Senior Notes [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	$ 600	$ 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, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 228,040	$ 509,523
Prepaid expenses and other current assets	38,997	38,721
Total current assets	316,050	553,849
Total assets	3,236,701	3,593,522
Current liabilities:
Accrued expenses and other current liabilities	135,514	165,688
Payables to affiliated companies	$ 18,799	$ 81,178
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total current liabilities	$ 156,777	$ 247,389
Total liabilities	2,507,718	2,717,377
Shareholders' equity:
Additional paid-in capital	2,477,359	2,477,359
Accumulated other comprehensive losses	(12,656)	(11,671)
Accumulated losses	(1,798,683)	(1,665,166)
Total shareholders' equity	666,104	800,606
Class A Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	77	77
Class B Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	7	7
Parent Company [Member]
Current assets:
Cash and cash equivalents	28	27
Receivables from a subsidiary	6,330	3,398
Prepaid expenses and other current assets	3	7
Total current assets	6,361	3,432
Investments in subsidiaries	668,012	802,512
Total assets	674,373	805,944
Current liabilities:
Accrued expenses and other current liabilities	1,503	739
Payables to affiliated companies	$ 346	$ 474
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Payables to subsidiaries	$ 6,420	$ 4,125
Total current liabilities	8,269	5,338
Total liabilities	8,269	5,338
Shareholders' equity:
Additional paid-in capital	2,477,359	2,477,359
Accumulated other comprehensive losses	(12,656)	(11,671)
Accumulated losses	(1,798,683)	(1,665,166)
Total shareholders' equity	666,104	800,606
Total liabilities and shareholders' equity	674,373	805,944
Parent Company [Member] | Class A Ordinary Shares [Member]
Shareholders' equity:
Ordinary shares	77	77
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, 2023	Dec. 31, 2022
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	770,352,700
Ordinary shares, outstanding	770,352,700	770,352,700
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	770,352,700
Ordinary shares, outstanding	770,352,700	770,352,700
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Financial Statements, Captions [Line Items]
Operating revenues	$ 445,538	$ 11,548	$ 106,868
Operating costs and expenses	(474,580)	(288,764)	(298,441)
Operating loss	(29,042)	(277,216)	(191,573)
Non-operating expenses:
Foreign exchange losses, net	642	2,390	6,257
Total non-operating expenses, net	(117,123)	(83,709)	(110,886)
Income tax expense	81	(382)	457
Net loss	(146,084)	(361,307)	(302,002)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Operating revenues	0	0	0
Operating costs and expenses	0	(12)	0
Operating loss	0	(12)	0
Non-operating expenses:
Foreign exchange losses, net	(2)	(2)	(1)
Share of results of subsidiaries	(133,515)	(326,437)	(252,554)
Total non-operating expenses, net	(133,517)	(326,439)	(252,555)
Loss before income tax	(133,517)	(326,451)	(252,555)
Income tax expense	0	0	0
Net loss	$ (133,517)	$ (326,451)	$ (252,555)

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Financial Statements, Captions [Line Items]
Net loss	$ (146,084)	$ (361,307)	$ (302,002)
Other comprehensive loss:
Other comprehensive loss	(1,078)	(5,890)	(21,538)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss	(133,517)	(326,451)	(252,555)
Other comprehensive loss:
Foreign currency translation adjustments	(985)	(5,535)	(18,012)
Other comprehensive loss	(985)	(5,535)	(18,012)
Total comprehensive loss	$ (134,502)	$ (331,986)	$ (270,567)

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net cash provided by operating activities	$ (18,894)	$ (178,775)	$ (136,841)
Cash flow from an investing activity:
Net cash used in investing activities	(161,540)	(453,395)	(407,235)
Cash flow from a financing activity:
Net proceeds from (payments for) issuance of shares	0	299,159	(445)
Cash provided by (used in) a financing activity	(100,902)	643,109	471,508
(Decrease) increase in cash, cash equivalents and restricted cash	(281,483)	10,234	(75,940)
Cash, cash equivalents and restricted cash at beginning of year	509,653	499,419	575,359
Cash, cash equivalents and restricted cash at end of year	228,170	509,653	499,419
Parent Company [Member]
Cash flows from operating activities:
Net cash provided by operating activities	1	830	472
Cash flow from an investing activity:
Capital contribution to a subsidiary	0	(300,000)	0
Net cash used in investing activities	0	(300,000)	0
Cash flow from a financing activity:
Net proceeds from (payments for) issuance of shares	0	299,159	(445)
Cash provided by (used in) a financing activity	0	299,159	(445)
(Decrease) increase in cash, cash equivalents and restricted cash	1	(11)	27
Cash, cash equivalents and restricted cash at beginning of year	27	38	11
Cash, cash equivalents and restricted cash at end of year	$ 28	$ 27	$ 38

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Organizational Transactions and Participation Agreements [Line Items]
Net assets restricted from distribution	$ 740,000
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%