Total Revenue

Declined by approximately 5.2% (from $611.67M to $580.37M)

Total Revenue dropped modestly due to overall lower sales performance compared to Q4 2023, with weaker non-gaming as well as a slight decline in gaming revenue contributing to the dip. " "

Non-gaming Revenue

Fell by about 14% (from $108.72M to $93.41M)

Non-gaming Revenue suffered a sharp decline likely caused by significant reductions in segments such as hotel and food & beverage, reflecting deteriorating performance in those areas compared to the previous period, exacerbating the overall revenue decline. " "

Gaming Revenue

Dropped by roughly 3.2% (from $502.96M to $486.95M)

Gaming Revenue experienced a modest decline, which could be attributed to softer market conditions and lower overall operational performance compared to Q4 2023, indicating that the core gaming segment was less volatile than non-gaming areas. " "

Total operating costs and expenses

Decreased by approximately 34% (from $927.61M to $612.66M)

The substantial reduction in operating costs and expenses reflects significant cost-cutting and operational efficiencies, which helped improve operating income from a loss of $315.94M to a much smaller loss of $32.29M, thereby partially offsetting revenue declines. " "

Basic loss per share

Improved significantly from –$5.19 to –$1.75

Basic loss per share improved markedly due to the dramatic reduction in overall operating losses, driven by the lower operating expenses, even though the business still posted negative earnings on a per-share basis. " "

Total stockholders’ equity

Plunged nearly 95% (from $635.85M to $30.90M)

The sharp decline in total stockholders’ equity indicates severe balance sheet adjustments, likely driven by significant write-offs, revaluations, or adverse financial restructuring measures that have greatly reduced the equity value compared to Q4 2023. " "