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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . O MELCO Melco International Development Limited ( Incorporated in Hong Kong with limited liability ) Website : www.melco-group.com ( Stock Code : 200 ) ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2021 BY A LISTED SUBSIDIARY - MELCO RESORTS & ENTERTAINMENT LIMITED This is not an announcement of the financial results of Melco International Development Limited ( the “ Company ” , together with its subsidiaries , the “ Group ” ) . This announcement is made by the Company pursuant to the requirements of Rule 13.09 ( 2 ) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ( the “ Listing Rules ” ) and the Inside Information Provisions of Part XIVA of the Securities and Futures Ordinance ( Cap . 571 , Laws of Hong Kong ) to provide shareholders of the Company with information in respect of the financial results of a listed subsidiary of the Company , Melco Resorts & Entertainment Limited ( " Melco Resorts " ) , which has announced its unaudited financial results for the first quarter ended 31 March 2021 on 28 April 2021 . Melco Resorts , a listed subsidiary of the Company , whose American depositary shares ( “ ADSs ” ) are listed on the Nasdaq Global Select Market in the United States , has announced its unaudited financial results for the first quarter ended 31 March 2021 on 28 April 2021 ( the " Melco Resorts ' Earnings Release ” ) . Extracts of the unaudited financial results of Melco Resorts are provided below . The First Quarter 2021 Results of Melco Resorts Total operating revenues for the first quarter of 2021 were US $ 0.52 billion , representing a decrease of approximately 36 % from US $ 0.81 billion for the comparable period in 2020. The decrease in total operating revenues was primarily attributable to a year - over - year decline in inbound tourism in the first quarter of 2021 , compared to the first quarter of 2020 , which was only partially impacted by the restrictions from the COVID - 19 pandemic . Operating loss for the first quarter of 2021 was US $ 162.8 million , compared with operating loss of US $ 149.9 million in the first quarter of 2020 . Melco Resorts generated Adjusted Property EBITDA ( i.e. net income / loss before interest , taxes , depreciation , amortization , pre - opening costs , development costs , property charges and other , share - based compensation , payments to the Philippine parties under the cooperative arrangement ( the " Philippine Parties ” ) , land rent to Belle Corporation , corporate and other expenses and other non - operating income and expenses ) of US $ 30.1 million in the first quarter of 2021 , compared with Adjusted Property EBITDA of US $ 75.3 million in the first quarter of 2020 . 1