0001193125-23-285613 | 6-K | XBRL Viewer | Studio City International Holdings LTD

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DISTRIBUTION OF PROFITS - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Distribution Of Profits [Abstract]
Dividends declared	$ 0	$ 0
Dividends paid	0	$ 0
Dividends proposed	$ 0

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

14.	COMMITMENTS AND CONTINGENCIES

(a)

Capital Commitments

As of September 30, 2023, the Company had capital commitments contracted for but not incurred for the construction and acquisition of property and equipment for Studio City totaling $14,673.

(b)

Guarantee

As of September 30, 2023, except the maturity date of the Trade Credit Facility which was further extended from August 31, 2023 to August 31, 2025, there was no significant change to the guarantee as disclosed in the Company’s consolidated financial statements as of December 31, 2022.

(c)

Litigation

As of September 30, 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 condensed consolidated financial statements as a whole.

CAPITAL STRUCTURE - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2022	Sep. 30, 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

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Aggregate principal amount	$ 2,448,128		$ 2,450,128
Total interest expenses	93,806	$ 70,430
Lawrence Yau Lung Ho and his controlled entity [Member]
Related Party Transaction [Line Items]
Total interest expenses	2,475	2,475
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	21	$ 7
Independent Director [Member] \| Senior Notes [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	$ 400		$ 400

- Definition

Amount of the cost of borrowed funds accounted for as interest expense.

+ References + Details

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS

9 Months Ended

Sep. 30, 2023

Long Term Prepayments Deposits And Other Assets [Abstract]

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS

6.	LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS

Long-term prepayments, deposits and other assets consisted of the following:


	September 30, 2023			December 31, 2022
Other long-term assets	$	18,399		$	16,824
Less: accumulated amortization		(8,728	)		(4,309	)

Other long-term assets, net		9,671			12,515
Long-term prepayments		6,332			29,250
Advance payments and deposits for acquisition of property and equipment		1,002			1,645
Other deposits and other		4,917			4,582
Deferred financing costs, net		292			333

Long-term prepayments, deposits and other assets	$	22,214		$	48,325

The amortization expenses of other long-term assets recognized for the

nine

months ended September 30, 2023 and 2022 were $4,439 and $7,288, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Weighted Average Number of Class A Ordinary Shares Used in the Calculation of Basic and Diluted Net Loss (Detail) - Common Class A [Member] - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
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	690,440,759
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
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	762,952,519
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

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenues (services provided by the Group):
Revenues	$ 304,287	$ 7,311
Casino Contract [Member]
Revenues (services provided by the Group):
Revenues	98,546	(44,171)
Costs and expenses (services provided to the Group):
Costs and expenses	21,265	21,864
Services Fee [Member]
Revenues (services provided by the Group):
Revenues	22,569	16,215
Entertainment [Member]
Revenues (services provided by the Group):
Revenues	58,785	1,175
Costs and expenses (services provided to the Group):
Costs and expenses	49,352	1,704
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	756	6
Purchase of property and equipment	8	184
Transfer-in of other long-term assets	1,636	749
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Casino Contract [Member]
Revenues (services provided by the Group):
Revenues	98,546	(44,171)
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Rooms Food and Beverage [Member]
Revenues (services provided by the Group):
Revenues	75,218	19,379
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Services Fee [Member]
Revenues (services provided by the Group):
Revenues	22,569	16,215
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Entertainment [Member]
Revenues (services provided by the Group):
Revenues	39,492	473
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	64,661	42,928
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Corporate Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	25,701	24,583
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Other Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	16,415	12,977
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	3,585	8,993
Melco and its Subsidiaries [Member] \| Transactions with affiliated companies [Member] \| Purchase of Goods and Services [Member]
Costs and expenses (services provided to the Group):
Costs and expenses	$ 458	$ 108

PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

5.	PROPERTY AND EQUIPMENT, NET


	September 30, 2023			December 31, 2022
Cost	$	3,807,797		$	3,780,769
Less: accumulated depreciation and amortization		(1,005,516	)		(912,705	)

Property and equipment, net	$	2,802,281		$	2,868,064

As of September 30, 2023 and December 31, 2022, the amount of property and equipment, net included balances of construction in progress, included interest capitalized in accordance with applicable accounting standards and other direct incidental costs capitalized mainly for the Studio City Phase 2 project of $4,966 and $1,079,112, respectively. Upon the opening of Studio City Phase 2 first stage in April 2023 and second stage in September 2023, its associated construction in progress balances were placed into service in the respective period.

The depreciation and amortization expenses of property and equipment recognized for the nine months ended September 30, 2023 and 2022 were $

110,728

and $

84,520

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, and related gaming equipment and utensils (collectively as referred to the “Reversion Assets”), which were reverted to the Macau government without compensation and free and clear from any charges or encumbrances on December 31, 2022 at the expiration of the previous subconcession, effective as of January 1, 2023, have been transferred by the Macau government to Melco Resorts Macau for the duration of the Concession, in return for annual payments for the right to use and operate the Reversion Assets. The Reversion Assets are owned by the Macau government and Melco Resorts Macau pays an annual fee of MOP0.75 per square meter of the casino for years 1 to 3 of the Concession, subject to a consumer price index increase in years 2 and 3 of the Concession. The fee will increase to MOP2.5 per square meter of the casino for years 4 to 10 of the Concession, subject to a consumer price index increase in years 5 to 10 of the Concession.

As Studio City Casino continues to be operated at and with the Reversion Assets in the same manner as under the previous 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 continues to recognize these Reversion Assets as property and equipment over their remaining estimated useful lives.

SUBSEQUENT EVENTS - Additional Information (Detail) - Subsequent Event [Member] - 2020 6.000% SC Notes [Member] - USD ($) $ in Thousands	Nov. 24, 2023	Nov. 22, 2023	Nov. 09, 2023
Tender Offer
Subsequent Events [Line Items]
Tender offer amount, maximum			$ 75,000
Senior Notes [Member]
Subsequent Events [Line Items]
Interest rate per annum		6.00%
Debt instrument tendered offered amount	$ 100,000	$ 317,461

CONDENSED 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 Losses [Member]	Accumulated Losses [Member]	Participation Interest [Member]
BEGINNING BALANCE at Dec. 31, 2021	$ 944,183	$ 37	$ 7	$ 2,134,227	$ (6,136)	$ (1,338,715)	$ 154,763
BEGINNING BALANCE (in shares) at Dec. 31, 2021		370,352,700	72,511,760
Net loss	(267,862)	$ 0	$ 0	0	0	(241,045)	(26,817)
Foreign currency translation adjustments	(25,062)	0	0	0	(23,058)	0	(2,004)
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 11)	0	$ 0	$ 0	44,013	0	0	(44,013)
ENDING BALANCE at Sep. 30, 2022	950,418	$ 77	$ 7	2,477,359	(29,194)	(1,579,760)	81,929
ENDING BALANCE (in shares) at Sep. 30, 2022		770,352,700	72,511,760
BEGINNING BALANCE at Dec. 31, 2022	876,145	$ 77	$ 7	2,477,359	(11,671)	(1,665,166)	75,539
BEGINNING BALANCE (in shares) at Dec. 31, 2022		770,352,700	72,511,760
Net loss	(125,706)	$ 0	$ 0	0	0	(114,893)	(10,813)
Foreign currency translation adjustments	(10,191)	0	0	0	(9,314)	0	(877)
ENDING BALANCE at Sep. 30, 2023	$ 740,248	$ 77	$ 7	$ 2,477,359	$ (20,985)	$ (1,780,059)	$ 63,849
ENDING BALANCE (in shares) at Sep. 30, 2023		770,352,700	72,511,760

- Definition

Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.

+ References + Details

LEASES

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

LEASES

Lessor Arrangements

During the nine months ended September 30, 2023 and 2022, the Company earned minimum operating lease income of $2,962 and $3,303, respectively, and contingent operating lease income of $2,296 and $260, respectively.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2023

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities


	September 30, 2023		December 31, 2022
Property and equipment payables	$	52,459	$	87,701
Interest expenses payable		27,832		63,371
Operating expense and other accruals and liabilities		21,348		11,728
Advance customer deposits and ticket sales		4,521		1,793
Operating lease liabilities		1,067		1,095

	$	107,227	$	165,688

CASH, CASH EQUIVALENTS AND RESTRICTED CASH

9 Months Ended

Sep. 30, 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 condensed consolidated statements of cash flows consisted of the following:


	September 30, 2023		December 31, 2022
Cash	$	43,056	$	54,340
Cash equivalents		249,895		455,183

Total cash and cash equivalents		292,951		509,523
Non-current portion of restricted cash		129		130

Total cash, cash equivalents and restricted cash	$	293,080	$	509,653

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (125,706)	$ (267,862)
Other comprehensive loss:
Foreign currency translation adjustments	(10,191)	(25,062)
Other comprehensive loss	(10,191)	(25,062)
Total comprehensive loss	(135,897)	(292,924)
Comprehensive loss attributable to participation interest	11,690	28,821
Comprehensive loss attributable to Studio City International Holdings Limited	$ (124,207)	$ (264,103)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

16.	SEGMENT INFORMATION

The Company’s principal operating activities are engaged in the hospitality business and provision of services pursuant to a casino contract in Macau. The Company monitors its operations and evaluates its earnings by reviewing the assets and operations of Studio City as one operating segment. Accordingly, the Company does not present separate segment information. As of September 30, 2023 and December 31, 2022, the Company operated in one geographical area, Macau, where it derives its revenues and its long-lived assets are located.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property and equipment payables	$ 52,459	$ 87,701
Interest expenses payable	27,832	63,371
Operating expense and other accruals and liabilities	21,348	11,728
Operating lease liabilities	1,067	1,095
Total Accrued Expenses and Other Current Liabilities	$ 107,227	$ 165,688
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total Accrued Expenses and Other Current Liabilities	Total Accrued Expenses and Other Current Liabilities
Advance Customer Deposits And Ticket Sales [Member]
Advance customer deposits and ticket sales	$ 4,521	$ 1,793

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net cash used in operating activities	$ (84,452)	$ (158,659)
Cash flows from investing activities:
Acquisition of property and equipment	(127,683)	(359,036)
Funds to an affiliated company	(1,838)	(948)
Proceeds from sale of property and equipment	693	9
Net cash used in investing activities	(128,828)	(359,975)
Cash flows from financing activities:
Repayments of long-term debt	(1,912)	0
Payments of deferred financing costs	0	(6,050)
Net proceeds from issuance of shares	0	299,228
Proceeds from long-term debt	0	350,000
Net cash (used in) provided by financing activities	(1,912)	643,178
Effect of exchange rate on cash, cash equivalents and restricted cash	(1,381)	(3,276)
(Decrease) increase in cash, cash equivalents and restricted cash	(216,573)	121,268
Cash, cash equivalents and restricted cash at beginning of period	509,653	499,419
Cash, cash equivalents and restricted cash at end of period	293,080	620,687
Supplemental cash flow disclosures:
Cash paid for interest, net of amounts capitalized	(113,416)	(87,890)
Cash paid for amounts included in the measurement of lease liabilities – operating cash flows from operating leases	(673)	(726)
Change in operating lease right-of-use assets and lease liabilities arising from lease modification	(1,456)	(1,343)
Change in accrued expenses and other current liabilities and other long-term liabilities related to acquisition of property and equipment	9,504	125,378
Change in receivables from/payables to affiliated companies related to acquisition of property and equipment and other long-term assets	$ 1,990	$ 1,918

ORGANIZATION AND BUSINESS - Additional Information (Detail) $ / shares in Units, $ in Thousands, $ in Thousands	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2023 HKD ($)	Dec. 31, 2022 USD ($) $ / shares
Organization and Business [Line Items]
Cash and cash equivalents \| $	$ 292,951		$ 509,523
2016 Studio City Credit Facilities [Member] \| Revolving Credit Facility [Member]
Organization and Business [Line Items]
Remaining Borrowing Capacity	$ 29,755	$ 233,000
New Cotai, LLC [Member]
Organization and Business [Line Items]
Common stock dividend percentage	9.40%	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

ACCOUNTS RECEIVABLE, NET - Components of Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 1,106	$ 263
Less: allowances for credit losses	(6)	0	$ 0	$ 0
Accounts receivable, net	1,100	263
Hotel [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	885	250
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 221	$ 13

LONG-TERM DEBT, NET

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

LONG-TERM DEBT, NET

8.	LONG-TERM DEBT, NET

Long-term debt, net consisted of the following:


	September 30, 2023		December 31, 2022
Senior Notes
2022 7.000% Studio City Secured Notes, due 2027 (net of unamortized deferred financing costs of $4,321 and $5,134, respectively)	$	345,679	$	344,866
2021 5.000% Studio City Notes, due 2029 (net of unamortized deferred financing costs and original issue premiums of $3,779 and $4,228, respectively)		1,096,221		1,095,772
2020 6.000% SC Notes, due 2025 (net of unamortized deferred financing costs of $1,937 and $2,692, respectively)		496,063		497,308
2020 6.500% SC Notes, due 2028 (net of unamortized deferred financing costs of $3,110 and $3,598, respectively)		496,890		496,402
Credit Facilities
2016 Studio City Credit Facilities (1)		128		128

	$	2,434,981	$	2,434,476

Note

(1)

As of September 30, 2023 and December 31, 2022, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $

292

and $

333

are included in long-term prepayments, deposits and other assets in the accompanying condensed consolidated balance sheets, respectively.

During the nine months ended September 30, 2023, there was no significant change to the long-term debt as disclosed in the Company’s consolidated financial statements as of December 31, 2022.

INCOME TAXES - Summary of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income tax (benefit) expense - deferred:
Total income tax (benefit) expense	$ (77)	$ 485
Macau Complementary Tax [Member]
Income tax (benefit) expense - deferred:
Income tax (benefit) expense - deferred	(63)	485
Hong Kong Profits Tax [Member]
Over provision of income taxes in prior years:
Over provision of income taxes in prior years	$ (14)	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Summary Of Long-term prepayments, deposits and other assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Long Term Prepayments Deposits And Other Assets [Abstract]
Other long-term assets	$ 18,399	$ 16,824
Less: accumulated amortization	(8,728)	(4,309)
Other long-term assets, net	9,671	12,515
Long-term prepayments	6,332	29,250
Advance payments and deposits for acquisition of property and equipment	1,002	1,645
Other deposits and other	4,917	4,582
Deferred financing costs, net	292	333
Long-term prepayments, deposits and other assets	$ 22,214	$ 48,325

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)

9 Months Ended

Sep. 30, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash Cash Equivalents And Restricted Cash

Cash, cash equivalents and restricted cash reported within the accompanying condensed consolidated statements of cash flows consisted of the following:


	September 30, 2023		December 31, 2022
Cash	$	43,056	$	54,340
Cash equivalents		249,895		455,183

Total cash and cash equivalents		292,951		509,523
Non-current portion of restricted cash		129		130

Total cash, cash equivalents and restricted cash	$	293,080	$	509,653

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating revenues	$ 304,287	$ 7,311
General and administrative	79,904	59,457
Pre-opening costs	17,620	1,731
Related Party [Member]
General and administrative	38,480	34,019
Property charges and other	623	3,853
Pre-opening costs	7,426	1,147
Casino Contract [Member]
Operating revenues	98,546	(44,171)
Cost of revenue	21,265	21,864
Casino Contract [Member] \| Related Party [Member]
Cost of revenue	19,973	21,090
Rooms [Member]
Operating revenues	72,091	13,566
Cost of revenue	17,920	8,476
Rooms [Member] \| Related Party [Member]
Operating revenues	48,339	10,183
Cost of revenue	10,977	5,455
Food and Beverage [Member]
Operating revenues	42,611	12,855
Cost of revenue	37,089	18,241
Food and Beverage [Member] \| Related Party [Member]
Operating revenues	26,879	9,196
Cost of revenue	17,525	11,575
Entertainment [Member]
Operating revenues	58,785	1,175
Cost of revenue	49,352	1,704
Entertainment [Member] \| Related Party [Member]
Operating revenues	39,492	473
Cost of revenue	9,685	1,492
Mall [Member]
Operating revenues	7,583	5,800
Cost of revenue	2,770	3,041
Mall [Member] \| Related Party [Member]
Cost of revenue	1,343	1,188
Retail and Other [Member]
Operating revenues	2,102	1,871
Cost of revenue	1,543	904
Retail and Other [Member] \| Related Party [Member]
Cost of revenue	$ 1,203	$ 777

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
2022 7.000% Studio City Secured Notes, due 2027 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	$ 4,321	$ 5,134
2021 5.000% Studio City Notes, due 2029 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs and original issue premiums	3,779	4,228
2020 6.000% SC Notes, due 2025 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	1,937	2,692
2020 6.500% SC Notes, due 2028 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Unamortized deferred financing costs	3,110	3,598
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	$ 292	$ 333

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 292,951	$ 509,523
Accounts receivable, net of allowances for credit losses $6 and nil	1,100	263
Inventories	5,735	5,121
Prepaid expenses and other current assets	39,780	38,721
Total current assets	380,045	553,849
Property and equipment, net	2,802,281	2,868,064
Intangible assets, net	346	1,373
Long-term prepayments, deposits and other assets	22,214	48,325
Restricted cash	129	130
Operating lease right-of-use assets	11,601	13,136
Land use right, net	105,875	108,645
Total assets	3,322,491	3,593,522
Current liabilities:
Accounts payable	1,992	501
Accrued expenses and other current liabilities	107,227	165,688
Income tax payable	$ 4	$ 22
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Payables to affiliated companies	$ 22,712	$ 81,178
Total current liabilities	131,935	247,389
Long-term debt, net	2,434,981	2,434,476
Other long-term liabilities	3,024	21,631
Deferred tax liabilities, net	318	382
Operating lease liabilities, non-current	11,985	13,499
Total liabilities	2,582,243	2,717,377
Commitments and contingencies (Note 14)
Shareholders' equity and participation interest:
Additional paid-in capital	2,477,359	2,477,359
Accumulated other comprehensive losses	(20,985)	(11,671)
Accumulated losses	(1,780,059)	(1,665,166)
Total shareholders' equity	676,399	800,606
Participation interest	63,849	75,539
Total shareholders' equity and participation interest	740,248	876,145
Total liabilities, shareholders' equity and participation interest	3,322,491	3,593,522
Related Party [Member]
Current assets:
Receivables from affiliated companies	40,479	221
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

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense (Benefit)

The income tax (benefit) expense consisted of:


	Nine Months Ended September 30,
	2023			2022
Over provision of income taxes in prior years:
Hong Kong Profits Tax	$	(14	)	$	—

Income tax (benefit) expense - deferred:
Macau Complementary Tax		(63	)		485

Total income tax (benefit) expense	$	(77	)	$	485

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12.00%	12.00%
Effective tax rate	0.10%	0.20%
Valuation allowances	$ 90,813		$ 91,092
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Period For Which Complementary Tax exemption Applied	January 1, 2023 through December 31, 2027

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Parenthetical) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Aggregated revenue	$ 304,287	$ 7,311
Melco and its Subsidiaries [Member] \| Rooms Food and Beverage and Entertainment Revenues [Member]
Related Party Transaction [Line Items]
Aggregated revenue	114,710	19,852
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	80,473	17,708
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	$ 34,237	$ 2,144

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

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+ Details

LONG-TERM DEBT, NET - Summary of Long-term Debt, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Long-term Debt [Line Items]
Long-term debt, net	$ 2,434,981	$ 2,434,476
2022 7.000% Studio City Secured Notes, due 2027 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	345,679	344,866
2021 5.000% Studio City Notes, due 2029 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	1,096,221	1,095,772
2020 6.000% SC Notes, due 2025 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	496,063	497,308
2020 6.500% SC Notes, due 2028 [Member] \| Senior Notes [Member]
Long-term Debt [Line Items]
Long-term debt, net	496,890	496,402
2016 Studio City Credit Facilities [Member] \| Total Credit Facility [Member]
Long-term Debt [Line Items]
Long-term debt, net	$ 128	$ 128

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

ORGANIZATION AND BUSINESS

9 Months Ended

Sep. 30, 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, with its American depositary shares (“ADSs”) 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 of Studio City, a cinematically-themed integrated resort in Cotai, the Macau Special Administrative Region of the People’s Republic of China (“Macau”), and provides services pursuant to a casino contract to Melco Resorts (Macau) Limited (“Melco Resorts Macau”), a subsidiary of Melco Resorts & Entertainment Limited (“Melco”), which holds the gaming concession in Macau, for the operations of the gaming area at Studio City (“Studio City Casino”). Melco’s ADSs are listed on the Nasdaq Global Select Market in the U.S.

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

economic participation interest (“Participation Interest”) in MSC Cotai Limited (“MSC Cotai”), a subsidiary of Studio City International, which entitles New Cotai to receive from MSC Cotai an amount equal to a certain percentage of the amount of any distribution, dividend or other consideration paid by MSC Cotai to Studio City International, subject to adjustments, exceptions and conditions as set out in the participation agreement (the “Participation Agreement”) entered into by MSC Cotai, New Cotai and Studio City International in 2018 (the “MSC Cotai’s Distribution”). The Participation Agreement also provides that New Cotai is entitled to exchange all or a portion of its Participation Interest for a number of Class A ordinary shares subject to adjustments, exceptions and conditions as set out in the Participation Agreement and a proportionate number of Class B ordinary shares will be deemed surrendered and automatically cancelled for no consideration as set out in the Participation Agreement when New Cotai exchanges all or a portion of the Participation Interest for Class A ordinary shares. As of September 30, 2023 and December 31, 2022, the Participation Interest entitled New Cotai to receive from MSC Cotai an amount equal to approximately 9.4% of the MSC Cotai’s

Distribution in each of those periods.

As of September 30, 2023 and December 31, 2022, 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 construction of Studio City Phase 2 was completed before the extended deadline of June 30, 2023 for the development period under the Studio City land concession. The Studio City Phase 2 first stage was opened in April 2023 with the opening of the Epic Tower and the indoor waterpark, while the second stage was opened in September 2023 with the opening of the W Macau Hotel.

While the disruptions to the Company’s business caused by the

COVID-19

outbreak were eased significantly following the relaxation of

COVID-19

related restrictions and quarantine-free travel in Macau, the People’s Republic of China and Hong Kong since January 2023, the pace of recovery after

COVID-19

related disruptions remains highly uncertain. The Company is currently unable to reasonably estimate the financial impact to its future results of operations, cash flows and financial condition from these disruptions.

As of September 30, 2023, the Company has sufficient liquidity including cash and cash equivalents of $292,951 and available unused borrowing capacity under the 2016 SC Revolving Credit Facility of HK$233,000 (equivalent to $29,755), subject to the satisfaction of certain conditions precedent.

LEASES - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Lessee, Lease, Description [Line Items]
Minimum operating lease income	$ 2,962	$ 3,303
Contingent operating lease income	$ 2,296	$ 260

ACCOUNTS RECEIVABLE, NET

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

4.	ACCOUNTS RECEIVABLE, NET

Components of accounts receivable, net are as follows:


	September 30, 2023			December 31, 2022
Hotel	$	885		$	250
Other		221			13

Sub-total		1,106			263
Less: allowances for credit losses		(6	)		—

	$	1,100		$	263

The Company’s allowances for credit losses as of September 30, 2023 were from its hotel receivables.

Movement in the allowances for credit losses are as follows:


	Nine Months Ended September 30,
	2023		2022

Balance at beginning of year	$	—	$	—
Provision for credit losses		6		—

Balance at end of period	$	6	$	—

PROPERTY AND EQUIPMENT, NET (Tables)

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Components of Property and Equipment, Net


	September 30, 2023			December 31, 2022
Cost	$	3,807,797		$	3,780,769
Less: accumulated depreciation and amortization		(1,005,516	)		(912,705	)

Property and equipment, net	$	2,802,281		$	2,868,064

PROPERTY AND EQUIPMENT, NET - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property and Equipment, Net
Cost	$ 3,807,797	$ 3,780,769
Less: accumulated depreciation and amortization	(1,005,516)	(912,705)
Property and equipment, net	$ 2,802,281	$ 2,868,064

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

10.	FAIR VALUE MEASUREMENTS

The carrying values of cash equivalents, long-term deposits and other long-term liabilities approximated fair value and were classified as level 2 in the fair value hierarchy.

The estimated fair values of long-term debt as of September 30, 2023 and December 31, 2022, were approximately $2,047,603 and $1,959,195, respectively, as compared to their carrying values, excluding unamortized deferred financing costs and original issue premiums, of $2,448,128 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 2022 7.000% Studio City Secured Notes, 2021 5.000% Studio City Notes and the 2020 Studio City 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 September 30, 2023 and December 31, 2022, the Company did not have any

non-financial

assets or liabilities that were recognized or disclosed at fair value in the accompanying condensed consolidated financial statements.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS (Tables)

9 Months Ended

Sep. 30, 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:


	September 30, 2023			December 31, 2022
Other long-term assets	$	18,399		$	16,824
Less: accumulated amortization		(8,728	)		(4,309	)

Other long-term assets, net		9,671			12,515
Long-term prepayments		6,332			29,250
Advance payments and deposits for acquisition of property and equipment		1,002			1,645
Other deposits and other		4,917			4,582
Deferred financing costs, net		292			333

Long-term prepayments, deposits and other assets	$	22,214		$	48,325

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Summary of Weighted Average Number of Class A Ordinary Shares Used in the Calculation of Basic and Diluted Net Loss

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:


	Nine Months Ended September 30,
	2023		2022
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		690,440,759
Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted method		—		72,511,760

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		762,952,519

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		—

LONG-TERM DEBT, NET (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Summary of Long-term Debt, Net

Long-term debt, net consisted of the following:


	September 30, 2023		December 31, 2022
Senior Notes
2022 7.000% Studio City Secured Notes, due 2027 (net of unamortized deferred financing costs of $4,321 and $5,134, respectively)	$	345,679	$	344,866
2021 5.000% Studio City Notes, due 2029 (net of unamortized deferred financing costs and original issue premiums of $3,779 and $4,228, respectively)		1,096,221		1,095,772
2020 6.000% SC Notes, due 2025 (net of unamortized deferred financing costs of $1,937 and $2,692, respectively)		496,063		497,308
2020 6.500% SC Notes, due 2028 (net of unamortized deferred financing costs of $3,110 and $3,598, respectively)		496,890		496,402
Credit Facilities
2016 Studio City Credit Facilities (1)		128		128

	$	2,434,981	$	2,434,476

Note

(1)

As of September 30, 2023 and December 31, 2022, the unamortized deferred financing costs related to the 2016 SC Revolving Credit Facility of the 2016 Studio City Credit Facilities of $

292

and $

333

are included in long-term prepayments, deposits and other assets in the accompanying condensed consolidated balance sheets, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounts receivable, net of allowances for credit losses	$ 6	$ 0	$ 0	$ 0
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

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

17.	SUBSEQUENT EVENTS

On November 9, 2023, Studio City Finance announced a cash tender offer (the “Tender Offer”) for up to an aggregate principal amount of $75,000 of the 2020 6.000% SC Notes. The Tender Offer will expire on December 8, 2023, unless extended or terminated by Studio City Finance. As of November 22, 2023, the early tender date, an aggregate principal

amount of $317,461 of the 2020 6.000% SC Notes was tendered. On November 24, 2023, Studio City Finance announced that it would amend the Tender Offer to increase the aggregate principal amount of the 2020 6.000% SC Notes to $100,000. Studio City Finance accepted for purchase the 2020 6.000% SC Notes that were validly tendered (and not validly withdrawn) pursuant to the Tender Offer for a combined aggregate principal amount equal to $100,000. Settlement of such purchase took place on November 28, 2023.

RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Significant Related Party Transactions

During the nine months ended September 30, 2023 and 2022, the Company entered into the following significant related party transactions:


		Nine Months Ended September 30,
Related companies	Nature of transactions	2023		2022

Transactions with affiliated companies
Melco and its subsidiaries	Revenues (services provided by the Company):
	Revenue from casino contract	$	98,546	$	(44,171	)
	Rooms and food and beverage (1)		75,218		19,379
	Services fee (2)		22,569		16,215
	Entertainment (1)		39,492		473
	Costs and expenses (services provided to the Company):
	Staff costs recharges (3)		64,661		42,928
	Corporate services (4)		25,701		24,583
	Other services		16,415		12,977
	Staff costs for construction and renovation work capitalized		3,585		8,993
	Purchase of goods and services		458		108
	Sale and purchase of assets:
	Sale of property and equipment and other long-term assets		756		6
	Purchase of property and equipment		8		184
	Transfer-in of other long-term assets		1,636		749

Notes

(1)

These revenues primarily represented the standalone selling prices of the complimentary services (including rooms, food and beverage and entertainment services) provided to Studio City Casino’s gaming patrons and charged to Melco Resorts Macau. For the nine months ended September 30, 2023 and 2022, the related party rooms and food and beverage revenues and entertainment revenues aggregated to $

114,710

and $

19,852

, respectively, of which $

80,473

and $

17,708

related to Studio City Casino’s gaming patrons and $

34,237

and $

2,144

related to

non-Studio

City Casino’s gaming patrons, respectively.

(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)

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.

DISTRIBUTION OF PROFITS

9 Months Ended

Sep. 30, 2023

Text Block [Abstract]

DISTRIBUTION OF PROFITS

13.	DISTRIBUTION OF PROFITS

During the nine months ended September 30, 2023 and 2022, 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.

PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) m²	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Description of annual fee paid by macau government from one to three years	MOP0.75 per square meter
Description of annual fee paid by macau government from one to three years	MOP2.5 per square meter
Area of Land \| m²	28,784.3
Depreciation and amortization expenses of property and equipment	$ 110,728	$ 84,520
Studio City Phase 2 project [Member]
Property, Plant and Equipment [Line Items]
Construction in progress, gross	$ 4,966		$ 1,079,112

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2023

Basis of Presentation

(a)

Basis of Presentation and Principles of Consolidation

On December 16, 2022, the Macau government awarded a ten-year concession to operate games of fortune and chance in casinos in Macau (the “Concession”) to Melco Resorts Macau. The term of the Concession commenced on January 1, 2023 and ends on December 31, 2032. Under the Concession, Melco Resorts Macau is authorized to operate the Studio City Casino.

Under the Studio City Casino Agreement as amended on June 23, 2022, Melco Resorts Macau agreed to operate the Studio City Casino since the Company does not hold a gaming concession in Macau, 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 the 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’s subsidiaries, including senior management services, centralized corporate functions and operational and venue support services. Payment arrangements for the services are provided for in the individual work agreements and may vary depending on the services provided. Corporate services are charged at

pre-negotiated

rates, subject to a base fee and cap. Senior management service fees and staff costs on operational services are allocated to the Company based on percentages of efforts on the services provided to the Company. Other costs in relation to shared office equipment are allocated based on a percentage of usage.

The Company believes the costs incurred under the Studio City Casino Agreement, captioned as costs related to casino contract, and the allocation methods under the Management and Shared Services Arrangements are reasonable and the accompanying condensed 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 15.

The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles for interim financial reporting. The results of operations for the nine months ended September 30, 2023 and 2022 are not necessarily indicative of expected results for the full year. The financial information as of December 31, 2022 presented in these condensed consolidated financial statements is derived from the Company’s consolidated financial statements as of December 31, 2022.

The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2022. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of financial results of such periods.

The accompanying condensed consolidated financial statements include the accounts of Studio City International and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.

The accompanying condensed consolidated financial statements have been prepared using the same accounting policies as used in the preparation of the Company’s consolidated financial statements for the year ended December 31, 2022.

Principles of Consolidation

Accounts Receivable and Credit Risk

(b)

Accounts Receivable and Credit Risk

Accounts receivable, including hotel and other receivables, are typically

non-interest

bearing and are recorded at amortized cost. Accounts are written off when management deems it is probable the receivables are uncollectible. Recoveries of accounts previously written off are recorded when received. An estimated allowance for credit losses is maintained to reduce the Company’s receivables to their carrying amounts, which reflects the net amount the Company expects to collect. The allowance 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 and management’s expectations of current and future economic conditions.

Management believes that as of September 30, 2023 and December 31, 2022, no significant concentrations of credit risk existed for which an allowance had not already been recorded.

Impairment of Long-lived Assets

(c)

Impairment of Long-lived Assets

The Company evaluates the long-lived assets with finite lives to be held and used for impairment whenever indicators of impairment exist. The Company then compares the estimated future cash flows of the assets, on an undiscounted basis, to the carrying values of the assets. Estimating future cash flows of the assets involves significant assumptions, including future revenue growth rates and gross margins. 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. If an asset is still under development, future cash flows include remaining construction costs.

No impairment losses were recognized during the nine months ended September 30, 2023 and 2022.

Revenue Recognition

(d)

Revenue Recognition

The Company follows the accounting standards for reporting revenue gross as a principal versus net as an agent, when accounting for operations of one of its hotels and concluded that it is the controlling entity and is the principal to this arrangement. For the operations of one of its hotels, the Company is the owner of the hotel property, and 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 principal and the transactions are, therefore, recognized on a gross 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 in the accompanying condensed 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 $4,521 as of September 30, 2023 increased by $2,728 from the balance of $1,793 as of December 31, 2022. Advance customer deposits and ticket sales of $2,162 as of September 30, 2022 decreased by $97 from the balance of $2,259 as of December 31, 2021.

Comprehensive Loss and Accumulated Other Comprehensive Losses

(e)

Comprehensive Loss and Accumulated Other Comprehensive Losses

Comprehensive loss includes net loss and other

non-shareholder

changes in equity, or other comprehensive loss and is reported in the accompanying condensed consolidated statements of comprehensive loss.

As of September 30, 2023 and December 31, 2022, the Company’s accumulated other comprehensive losses consisted solely of foreign currency translation adjustments, net of tax and participation interest.

Net Loss Attributable to Studio City International Holdings Limited Per Class A Ordinary Share

(f)

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 period.

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 period adjusted to include the number of additional Class A ordinary shares that would have been outstanding if potential dilutive securities had been issued and the

if-converted

method is applied for the potential dilutive effect of the exchange of Class B ordinary shares for the proportionate number of Class A ordinary shares. During the nine months ended September 30, 2023, there were no potentially dilutive securities issued or outstanding.

Basic and diluted net loss attributable to Studio City International Holdings Limited per Class A ordinary share does not include Class B ordinary shares as such shares do not participate in 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.


	Nine Months Ended September 30,
	2023		2022
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		690,440,759
Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted method		—		72,511,760

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		762,952,519

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		—

Recent Changes in Accounting Standards

(g)

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.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2023

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

7.	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES


	September 30, 2023		December 31, 2022
Property and equipment payables	$	52,459	$	87,701
Interest expenses payable		27,832		63,371
Operating expense and other accruals and liabilities		21,348		11,728
Advance customer deposits and ticket sales		4,521		1,793
Operating lease liabilities		1,067		1,095

	$	107,227	$	165,688

INCOME TAXES

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

12.	INCOME TAXES

The income tax (benefit) expense consisted of:


	Nine Months Ended September 30,
	2023			2022
Over provision of income taxes in prior years:
Hong Kong Profits Tax	$	(14	)	$	—

Income tax (benefit) expense - deferred:
Macau Complementary Tax		(63	)		485

Total income tax (benefit) expense	$	(77	)	$	485

Studio City Entertainment applied for an extension of the Macau Complementary Tax exemption for 2022 and for the period from January 1, 2023 through December 31, 2027. These applications are subject to the discretionary approval of the Macau government. The

non-gaming

profits and dividend distributions of Studio City Entertainment to its shareholders continue to be subject to Macau Complementary Tax.

The effective tax rates for the nine months ended September 30, 2023 and 2022 were 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 the effects of expenses for which no income tax benefit is receivable, changes in valuation allowances, different tax rates of subsidiaries operating in other jurisdictions and income for which no income tax expense is payable for the relevant periods together with the effect of profits expected to be exempted from Macau Complementary Tax for the nine months ended September 30, 2023.

As of September 30, 2023 and December 31, 2022, valuation allowances of $90,813 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 September 30, 2023, other than the above, there was no significant change to the tax exposures as disclosed in the Company’s consolidated financial statements as of December 31, 2022.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
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-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Long Term Prepayments Deposits And Other Assets [Abstract]
Amortization expenses of other long-term assets	$ 4,439	$ 7,288

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of Presentation and Principles of Consolidation

pre-negotiated

(b)

Accounts Receivable and Credit Risk

Accounts receivable, including hotel and other receivables, are typically

non-interest

Management believes that as of September 30, 2023 and December 31, 2022, no significant concentrations of credit risk existed for which an allowance had not already been recorded.

(c)

Impairment of Long-lived Assets

No impairment losses were recognized during the nine months ended September 30, 2023 and 2022.

(d)

Revenue Recognition

Contract and Contract-Related Liabilities

(e)

Comprehensive Loss and Accumulated Other Comprehensive Losses

Comprehensive loss includes net loss and other

non-shareholder

changes in equity, or other comprehensive loss and is reported in the accompanying condensed consolidated statements of comprehensive loss.

(f)

Net Loss Attributable to Studio City International Holdings Limited Per Class

A Ordinary Share

if-converted


	Nine Months Ended September 30,
	2023		2022
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		690,440,759
Incremental weighted average number of Class A ordinary shares from assumed exchange of Class B ordinary shares to Class A ordinary shares under the if-converted method		—		72,511,760

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		762,952,519

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		—

(g)

Recent Changes in Accounting Standards

Recent Accounting Pronouncement Not Yet Adopted

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Significant Accounting Policies [Line Items]
Impairment losses recognized on property and equipment	$ 0	$ 0
Maximum deposits recognizing period	1 year
Advance Customer Deposits and Ticket Sales [Member]
Schedule Of Significant Accounting Policies [Line Items]
Advance customer deposits and ticket sales	$ 4,521	2,162	$ 1,793	$ 2,259
Increase (decrease) in advance customer deposits and ticket sales	$ 2,728	$ (97)

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Commitments and Contingencies [Line Items]
Capital commitments	$ 14,673
Trade Credit Facility [Member]
Commitments and Contingencies [Line Items]
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

Cover Page	9 Months Ended
Cover Page	Sep. 30, 2023
Document Information [Line Items]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Entity Registrant Name	STUDIO CITY INTERNATIONAL HOLDINGS LIMITED
Entity Central Index Key	0001713334
Current Fiscal Year End Date	--12-31

ACCOUNTS RECEIVABLE, NET (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Components of Accounts Receivable, Net

Components of accounts receivable, net are as follows:


	September 30, 2023			December 31, 2022
Hotel	$	885		$	250
Other		221			13

Sub-total		1,106			263
Less: allowances for credit losses		(6	)		—

	$	1,100		$	263

Movement in Allowances for Credit Losses

Movement in the allowances for credit losses are as follows:


	Nine Months Ended September 30,
	2023		2022

Balance at beginning of year	$	—	$	—
Provision for credit losses		6		—

Balance at end of period	$	6	$	—

CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Schedule of Cash Cash Equivalents And Restricted Cash (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash	$ 43,056	$ 54,340
Cash equivalents	249,895	455,183
Total cash and cash equivalents	292,951	509,523
Non-current portion of restricted cash	129	130
Total cash, cash equivalents and restricted cash	$ 293,080	$ 509,653	$ 620,687	$ 499,419

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

CAPITAL STRUCTURE

9 Months Ended

Sep. 30, 2023

Text Block [Abstract]

CAPITAL STRUCTURE

11.	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

capital.

As of September 30, 2023 and December 31, 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 September 30, 2023 and December 31, 2022, 770,352,700 Class A ordinary shares and 72,511,760 Class B ordinary shares were issued and outstanding

in each of those periods

RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2023

RELATED PARTY TRANSACTIONS

15.	RELATED PARTY TRANSACTIONS

During the nine months ended September 30, 2023 and 2022, the Company entered into the following significant related party transactions:


		Nine Months Ended September 30,
Related companies	Nature of transactions	2023		2022

Transactions with affiliated companies
Melco and its subsidiaries	Revenues (services provided by the Company):
	Revenue from casino contract	$	98,546	$	(44,171	)
	Rooms and food and beverage (1)		75,218		19,379
	Services fee (2)		22,569		16,215
	Entertainment (1)		39,492		473
	Costs and expenses (services provided to the Company):
	Staff costs recharges (3)		64,661		42,928
	Corporate services (4)		25,701		24,583
	Other services		16,415		12,977
	Staff costs for construction and renovation work capitalized		3,585		8,993
	Purchase of goods and services		458		108
	Sale and purchase of assets:
	Sale of property and equipment and other long-term assets		756		6
	Purchase of property and equipment		8		184
	Transfer-in of other long-term assets		1,636		749

Notes

(1)

114,710

and $

19,852

, respectively, of which $

80,473

and $

17,708

related to Studio City Casino’s gaming patrons and $

34,237

and $

2,144

related to

non-Studio

City Casino’s gaming patrons, respectively.

(2)

(3)

(4)

Other Related Party Transactions

As of September 30, 2023 and December 31, 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 periods. As of September 30, 2023 and December 31, 2022, an independent director of Studio City International held an aggregate principal amount of $

400 of senior notes issued by Studio

City Company in each of those periods

During the nine months ended September 30, 2023 and 2022, total interest expenses of $2,475 and $2,475 in relation to the senior notes issued by Studio City Finance, were paid or payable to Mr. Lawrence Yau Lung Ho and his controlled entity, respectively. During the nine months ended September 30, 2023 and 2022, total interest expenses of $21 and $7 in relation to the senior notes issued by Studio City Company, were paid or payable to the independent director of Studio City International, respectively.

(a)

Receivables from Affiliated Companies

The outstanding balances as of September 30, 2023 and December 31, 2022 are receivables from Melco’s subsidiaries mainly arising from operating income or prepayment of operating expenses, and are unsecured,

non-interest

bearing and repayable on demand.

(b)

Payables to Affiliated Companies

The outstanding balances as of September 30, 2023 and December 31, 2022 are payables to Melco International’s subsidiaries mainly arising from operating expenses, and are unsecured,

non-interest

bearing and repayable on demand.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

ACCOUNTS RECEIVABLE, NET - Movement in Allowances for Credit Losses (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Receivables [Abstract]
Balance at beginning of year	$ 0	$ 0
Provision for credit losses	6	0
Balance at end of period	$ 6	$ 0

FAIR VALUE MEASUREMENTS - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
The estimated fair values of long-term debt	$ 2,047,603	$ 1,959,195
The carrying value of long-term debt, excluding unamortized deferred financing costs and original issue premiums	$ 2,448,128	$ 2,450,128

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating revenues:
Operating revenues	$ 304,287	$ 7,311
Operating costs and expenses:
General and administrative	(79,904)	(59,457)
Pre-opening costs	(17,620)	(1,731)
Amortization of land use right	(2,474)	(2,474)
Depreciation and amortization	(116,189)	(92,854)
Property charges and other	(540)	(3,790)
Total operating costs and expenses	(346,666)	(214,536)
Operating loss	(42,379)	(207,225)
Non-operating income (expenses):
Interest income	8,173	4,187
Interest expenses, net of amounts capitalized	(93,806)	(70,430)
Other financing costs	(311)	(311)
Foreign exchange gains, net	2,521	6,402
Other expenses, net	(61)	0
Gain on extinguishment of debt	80	0
Total non-operating expenses, net	(83,404)	(60,152)
Loss before income tax	(125,783)	(267,377)
Income tax benefit (expense)	77	(485)
Net loss	(125,706)	(267,862)
Net loss attributable to participation interest	10,813	26,817
Net loss attributable to Studio City International Holdings Limited	(114,893)	(241,045)
Casino Contract [Member]
Operating revenues:
Operating revenues	98,546	(44,171)
Operating costs and expenses:
Cost of revenue	(21,265)	(21,864)
Rooms [Member]
Operating revenues:
Operating revenues	72,091	13,566
Operating costs and expenses:
Cost of revenue	(17,920)	(8,476)
Food and Beverage [Member]
Operating revenues:
Operating revenues	42,611	12,855
Operating costs and expenses:
Cost of revenue	(37,089)	(18,241)
Entertainment [Member]
Operating revenues:
Operating revenues	58,785	1,175
Operating costs and expenses:
Cost of revenue	(49,352)	(1,704)
Services Fee [Member]
Operating revenues:
Operating revenues	22,569	16,215
Mall [Member]
Operating revenues:
Operating revenues	7,583	5,800
Operating costs and expenses:
Cost of revenue	(2,770)	(3,041)
Retail and Other [Member]
Operating revenues:
Operating revenues	2,102	1,871
Operating costs and expenses:
Cost of revenue	$ (1,543)	$ (904)
Class A Ordinary Shares [Member]
Net loss attributable to Studio City International Holdings Limited per Class A ordinary share:
Basic	$ (0.149)	$ (0.349)
Diluted	$ (0.149)	$ (0.351)
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	690,440,759
Diluted	770,352,700	762,952,519