
MACAU, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) ("Studio City” or the "Company”), a world-class integrated resort located in Cotai, Macau, today announces that the Company's subsidiary, Studio City Company Limited ("Studio City Company”), has entered into a senior credit facilities agreement, dated November 29, 2024, with a syndicate of banks (the "2024 Credit Facilities Agreement”). Under the terms of the 2024 Credit Facilities Agreement, lenders have made available to Studio City Company HK$1.945 billion (equivalent to approximately US$250.0 million) in revolving credit facilities for a term of five years (the "Senior Revolving Facility”). The Credit Facility Agreement also provides an option to increase the commitments under the Senior Revolving Facility in an amount not exceeding US$100 million for Studio City Company to incur further indebtedness under the Senior Revolving Facility, subject to the satisfaction of certain conditions. The Senior Revolving Facility is secured and is supported by a guarantee from the Company, Studio City Investments Limited and each subsidiary of Studio City Company. The Company intends to use the proceeds from the Senior Revolving Facility to refinance outstanding indebtedness and for general corporate and working capital purposes. Studio City Company has also entered into an amendment and restatement agreement, dated November 29, 2024, with, among others, Bank of China Limited, Macau Branch, in relation to the senior secured term loan and revolving facilities agreement dated March 15, 2021 (as amended and restated from time to time, and currently representing HK$234.0 million of committed facilities) (the "Existing Credit Facilities”) to, among other things, align certain terms of the Existing Credit Facilities with the terms of the 2024 Credit Facilities Agreement. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the "Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) the pace of recovery from the impact of COVID-19 on our business, our industry and the global economy, (ii) risks associated with the amended Macau gaming law and its implementation by the Macau government, (iii) changes in the gaming market and visitations in Macau, (iv) capital and credit market volatility, (v) local and global economic conditions, (vi) our anticipated growth strategies, (vii) gaming authority and other governmental approvals and regulations, and (viii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may”, "will”, "expect”, "anticipate”, "target”, "aim”, "estimate”, "intend”, "plan”, "believe”, "potential”, "continue”, "is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law. About Studio City International Holdings Limited The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com . The Company is majority owned by Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO). For the investment community, please contact: Jeanny Kim Senior Vice President, Group Treasurer Tel: +852 2598 3698 Email: [email protected] For media enquiries, please contact: Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: [email protected]
Brazil's Supreme Court on Wednesday started examining four cases that turn on how far social media should be regulated, and what responsibilities platforms have in cracking down on illegal content. The judicial review comes a month after the same court forced Elon Musk's X platform to obey rulings aimed at battling online disinformation.C3.ai ( AI 4.51% ) is gaining ground in Thursday's trading. The company's share price was up 4.7% as of 3:30 p.m. ET. Meanwhile, the S&P 500 index was flat in the daily session, and the Nasdaq Composite index was up 0.1%. C3.ai stock is posting gains today in conjunction with bullish momentum for speculative artificial intelligence ( AI ) stocks. The company's share price could also be getting a lift from news that Palantir is aiming to form a consortium to challenge traditional players in the defense industry. C3.ai stock climbs higher on bullish AI momentum At its policy meeting last week, the Federal Reserve announced another 25 basis-point cut for interest rates -- a move that was largely in line with the market's expectations. But Fed Chair Jerome Powell also indicated that the central banking authority now expects to serve up only two rate cuts on that level next year -- down from its previous forecast suggesting four rate cuts of 25 basis points next year. While many growth-dependent and speculative AI stocks initially saw big sell-offs on the macroeconomic news, stocks in this category are now seeing some significant recovery. Investors have quickly become more tolerant of risk in the AI space, and C3.ai stock is climbing in conjunction with the trend. Will C3.ai benefit from Palantir's AI consortium? Late last week, the Financial Times reported that Palantir was teaming up with Anduril to form a consortium of companies aimed at disrupting the defense industry. With AI emerging as a key front in defense initiatives, the potential partnership could have dramatic implications. While C3.ai was not named by the Financial Times as a company that has been approached to join Palantir and Anduril's defense-industry alliance, some investors appear to be betting that the company will be a beneficiary of the proposed consortium. C3.ai has already won U.S. defense contracts and has recently signed a partnership with Microsoft , and its established relationships could help make it an attractive candidate for new contracts in the public and private sectors.
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Cardinals are average through 12 games and the frustration is it feels as if they could be betterDAMASCUS, Syria — Syrians poured into streets echoing with celebratory gunfire on Sunday after a stunning rebel advance reached the capital, ending the Assad family's 50 years of iron rule but raising questions about the future of the country and the wider region. Syrian opposition fighters celebrate Sunday after the Syrian government collapsed in Damascus, Syria. Joyful crowds gathered in central squares in Damascus, waving the Syrian revolutionary flag in scenes that recalled the early days of the Arab Spring uprising, before a brutal crackdown and the rise of an insurgency plunged the country into a nearly 14-year civil war. Others gleefully ransacked the presidential palace and residence after President Bashar Assad and other top officials vanished, their whereabouts unknown. A man tries to take a lamp Sunday as people search for belongings in the ransacked private residence of Syrian President Bashar Assad in the Malkeh district of Damascus, Syria. Russia, a close ally, said Assad left the country after negotiations with rebel groups and gave instructions to transfer power peacefully. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago and says he embraces pluralism and religious tolerance, leads the biggest rebel faction and is poised to chart the country's future. In his first public appearance since fighters entered the Damascus suburbs Saturday, al-Golani visited the capital’s sprawling Umayyad Mosque and said Assad's fall was “a victory to the Islamic nation.” Calling himself by his given name, Ahmad al-Sharaa, and not his nom de guerre, he told hundreds of people that Assad made Syria “a farm for Iran’s greed.” The rebels face the daunting task of healing bitter divisions in a country ravaged by war and still split among different armed factions. Turkey-backed opposition fighters are battling U.S.-allied Kurdish forces in the north, and the Islamic State group is still active in some remote areas. Syrian state television broadcast a video statement early Sunday by a group of rebels saying that Assad was overthrown and all prisoners were released. They called on people to preserve the institutions of “the free Syrian state.” The rebels later announced a curfew in Damascus from 4 p.m. to 5 a.m. The rebels said they freed people held at the notorious Saydnaya prison, where rights groups say thousands were tortured and killed . A video circulating online purported to show rebels breaking open cell doors and freeing dozens of female prisoners, many of whom appeared shocked and confused. At least one small child could be seen among them. Rebel commander Anas Salkhadi, who appeared on state TV later in the day, sought to reassure Syria's religious and ethnic minorities, saying: “Syria is for everyone, no exceptions. Syria is for Druze, Sunnis, Alawites, and all sects.” “We will not deal with people the way the Assad family did," he added. People gather Sunday in Manbij, Syria, to celebrate the fall of the Syrian government. Residents of Damascus gathered to pray at mosques and to celebrate in squares, chanting, “God is great.” People also chanted anti-Assad slogans and honked car horns. Teenage boys picked up weapons apparently discarded by security forces and fired into the air. Revelers filled central Umayyad Square, where the Defense Ministry is located. Men fired celebratory gunshots and some waved the three-starred Syrian flag that predates the Assad government and was adopted by the revolutionaries. Syrians gather Sunday to celebrate the arrival of opposition fighters in Damascus, Syria. “I cannot express my happiness," said Bassam Masr. “But this happiness will not be completed until I can see my son out of prison and know where is he. I have been searching for him for two hours. He has been detained for 13 years.” Soldiers and police left their posts and fled, and looters broke into the Defense Ministry. Videos showed families wandering into the presidential palace, with some emerging carrying stacks of plates and other household items. “Victory to Syria. Syria remains and Assad to hell, to the dustbin of history,” said a man exploring the palace. A man walks by a broken portrait of the late Syrian President Hafez Assad as people search for belongings Sunday in the ransacked private residence of Syrian President Bashar Assad in the Malkeh district of Damascus, Syria. Syria’s al-Watan newspaper, which was historically pro-government, wrote: “We are facing a new page for Syria. We thank God for not shedding more blood. We believe and trust that Syria will be for all Syrians.” The newspaper added that media workers should not be blamed for publishing past government statements, saying: “We only carried out the instructions and published the news they sent us.” A statement from the Alawite sect — to which Assad belongs and which formed the core of his base — called on young Syrians to be “calm, rational and prudent and not to be dragged into what tears apart the unity of our country.” The rebels mainly come from the Sunni Muslim majority in Syria, which also has sizable Druze, Christian and Kurdish communities. In Qamishli in the northeast, a Kurdish man slapped a statue of the late leader Hafez Assad with his shoe. An opposition fighter steps on a broken bust of the late Syrian President Hafez Assad on Sunday in Damascus, Syria. Syrian Prime Minister Mohammed Ghazi Jalali said in a video statement that the government was ready to “extend its hand” to the opposition and turn its functions over to a transitional government. A video shared on Syrian opposition media showed a group of armed men escorting him out of his office and to the Four Seasons hotel Sunday. Syrian President Bashar Assad listens May 19, 2023, during the Arab summit in Jeddah, Saudi Arabia. Rami Abdurrahman of the Syrian Observatory for Human Rights told The Associated Press that Assad took a flight Sunday from Damascus. Russian state news agencies reported that Assad arrived in Moscow with his family and was given asylum. The agencies, Tass and RIA, cited an unidentified Kremlin source. The Associated Press was not immediately able to verify the reports but has contacted the Kremlin for comment. A senior diplomat from the United Arab Emirates, which sought to rehabilitate Assad's image and welcomed high-profile exiles in recent years, declined to comment on his whereabouts when asked by reporters at a conference in Bahrain. Anwar Gargash said Assad's destination at this point is a “footnote in history,” comparing it to the long exile of German Kaiser Wilhelm II after World War I. Assad was accused of war crimes and crimes against humanity during the war, including a 2013 chemical weapons attack on the outskirts of the capital. Opposition fighters burn down a military court Sunday in Damascus, Syria. The rebel advances since Nov. 27 were the largest in recent years, and saw the cities of Aleppo, Hama and Homs fall in a matter of days as the Syrian army melted away. Russia, Iran and Lebanon's Hezbollah militant group, which provided crucial support to Assad throughout the uprising, abandoned him in the final days as they reeled from other conflicts. The end of Assad’s rule deals a major blow to Iran and its allies, already weakened by over a year of conflict with Israel . Iran, which had strongly backed Assad throughout the civil war, said Syrians should decide their future “without destructive, coercive, foreign intervention.” Syrian opposition fighters take a selfie Sunday at the damaged entrance of the Iranian embassy in Damascus, Syria. The Iranian Embassy in Damascus was ransacked after apparently having been abandoned. Prime Minister Benjamin Netanyahu meanwhile said Israeli troops had temporarily seized a buffer zone in the Golan Heights established in 1974, saying the move was taken to protect Israeli residents after Syrian troops abandoned their positions. Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied. Israeli soldiers walk Sunday near armored vehicles parked along the so-called Alpha Line that separates the Israeli-annexed Golan Heights from Syria. The rebels are led by the Hayat Tahrir al-Sham group, or HTS , which has its origins in al-Qaida and is considered a terrorist organization by the United States and the United Nations. Its head, al-Golani, has sought to recast the group as a moderate and tolerant force. HTS set up a “salvation government” in 2017 to administer a large region in northwestern Syria under its control. “Golani has made history and sparked hope among millions of Syrians," said Dareen Khalifa, a senior adviser with the International Crisis Group and an expert on Syrian groups. "But he and the rebels now face a formidable challenge ahead. One can only hope they rise to the occasion.” People gather Sunday in Manbij, Syria, to celebrate the fall of the Syrian government. The U.N.’s special envoy for Syria, Geir Pedersen, called Saturday for urgent talks in Geneva to ensure an “orderly political transition.” The Gulf nation of Qatar, a key regional mediator, hosted an emergency meeting of foreign ministers and top officials from eight countries with interests in Syria late Saturday. The participants included Iran, Saudi Arabia, Russia and Turkey. Majed al-Ansari, Qatar’s Foreign Ministry spokesman, said they agreed on the need “to engage all parties on the ground," including the HTS, and that the main concern is “stability and safe transition.” Sewell reported from Beirut. Associated Press writers Bassem Mroue, Sarah El Deeb and Kareem Chehayeb in Beirut; Samar Kassaballi, Omar Sanadiki and Ghaith Alsayed in Damascus; Jon Gambrell in Manama, Bahrain; Josef Federman in Doha, Qatar; and Tia Goldenberg in Jerusalem contributed. People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) People gather to react following the fall of Syrian president Bashar Assad’s government, in Trafalgar Square, in London, Sunday, Dec. 8, 2024. (AP Photo/Alberto Pezzali) People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) People gather to react following the fall of Syrian president Bashar Assad’s government, in Trafalgar Square, in London, Sunday, Dec. 8, 2024. (AP Photo/Alberto Pezzali) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) Syrians celebrate the fall of the Assad regime in Syria at a demonstration in Stockholm, Sweden, Sunday, Dec. 8, 2024. (Jonas Ekstroemer/TT News Agency via AP) A Syrian man waves a flag during a spontaneous demonstration celebrating the fall of the Assad regime, in Nicosia, Cyprus, Sunday, Dec. 8, 2024. (AP Photo/Petros Karadjias) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) Syrians wave Syrian opposition flags at a rally in Wuppertal, Germany, Sunday, Dec. 8, 2024, following the fall of Syrian president Bashar Assad’s government. (Christoph Reichwein/dpa/dpa via AP) People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) Syrians living in France gather on Republique square after the Syrian government fell early today in a stunning end to the 50-year rule of the Assad family, Sunday, Dec. 8, 2024 in Paris. (AP Photo/Aurelien Morissard) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) People gather to celebrate the Syrian government's fall, in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) Syrians living in France hug during a rally on Republique square after the Syrian government fell early today in a stunning end to the 50-year rule of the Assad family, Sunday, Dec. 8, 2024 in Paris. (AP Photo/Aurelien Morissard) People gather to react following the fall of Syrian president Bashar Assad’s government, in Trafalgar Square, in London, Sunday, Dec. 8, 2024. (AP Photo/Alberto Pezzali) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) A Syrian man waves a flag during a spontaneous demonstration celebrating the fall of the Assad regime in Nicosia, Cyprus, Sunday, Dec. 8, 2024. (AP Photo/Petros Karadjias) Stay up-to-date on the latest in local and national government and political topics with our newsletter.Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutions
JERUSALEM (AP) — Israel’s attorney general has ordered police to open an investigation into Prime Minister Benjamin Netanyahu’s wife on suspicion of harassing political opponents and witnesses in the Israeli leader’s corruption trial. The Israeli Justice Ministry made the announcement in a terse message late Thursday., saying the investigation would focus on the findings of a recent report by the “Uvda” investigative program into Sara Netanyahu. The program uncovered a trove of WhatsApp messages in which Mrs. Netanyahu appears to instruct a former aid to organize protests against political opponents and to intimidate Hadas Klein, a key witness in the trial. The announcement did not mention Mrs. Netanyahu by name, and the Justice Ministry declined further comment. But earlier Thursday, Netanyahu blasted the Uvda report as “lies.”None
Humans could be trapped on Earth because space is running out of space, say expertsNone
Daily Post Nigeria SEDC: Tinubu’s choice of Board members phenomenal – Ohanaeze Home News Politics Metro Entertainment Sport News SEDC: Tinubu’s choice of Board members phenomenal – Ohanaeze Published on December 8, 2024 By Emmanuel Ugwueze Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Youth Council Worldwide has described the team members of the South-East Development Commission, SEDC, as round pegs in square holes. It could be recalled that President Bola Ahmed Tinubu on Friday announced Board members of the Commission, with Dr Emeka Nworgu as chairman. Another key member of the Board is Toby Okechukwu, who is the executive director of projects. In a statement made available to journalists on Sunday, the National President of Ohanaeze Ndigbo Youth Council Worldwide, Mazi Okwu Nnabuike said the calibre of people chosen by President Tinubu showed the seriousness the government attached to the Commission. He said, “we commend President Bola Ahmed Tinubu for the serious attention he has given to the South-East Development Commission, which manifested in the calibre of people he has appointed in the Board. “It is clear from the list of the members that these are renowned Igbos with a track record of experience both in private and public service. “The Chairman of the Board, Dr Emeka Nworgu, CON, is a one time chairman of Abia South local government area, former political adviser to former Gov of Abia State and a two term minister under the administration of goodluck Jonathan. He performed creditably in these offices. “Also of particular mention is Rt. Hon. Toby Okechukwu, who is the executive director of projects, a former member of the National Assembly, who was synonymous with attracting quality projects to his constituency and beyond during his time in the National Assembly. He was known as Mr project during the time in question. “The former Deputy Minority Leader of the House of Representatives is a man of with capacity when it comes to infrastructural development and human empowerment. “No wonder he was the Chairman, House Committee on Works in the 8th House of Representatives and capped it up as Deputy Minority Leader of the 9th House of Representatives. He was a leader in the 9th Assembly and greatly admired by his people. “As the chairman house committee on works, he contributed a lot to the progress of work at the second Niger Bridge, rehabilitation of Abuja – Kano federal highway and Lagos – Ibadan expressway, etc. “Another distinguished member of the Board is Chief Sylvester Okonkwo, Chief of staff to the president of the 10th Senate, His Excellency Godswill Akpabio. “With these calibre of men in the helm of affairs at the SEDC, Mr President deserves kudos; it’s a phenomenal choice; he has no doubt set the ball rolling.” Okwu said now that the Commission was totally in place, the expected rebuilding of the South-East after the civil war should commence in earnest. “The people of the South-East had all along cried out over the high level of marginalization against us; it became manifestly high that our people could no longer bear it, leading to a resurgence in agitation for Biafra. “However, President Bola Ahmed Tinubu has taken a giant leap towards addressing all the injustice against the South-East. The starting point is this quality of Board members of the SEDC. “We, however, urge Mr President to go a step further by making good funding available to the Commission through the 2025 budget, which is in the process. “Without adequate funding all the expectation and joy of our people will be cut short. “But we are upbeat and quite positive that the much-awaited good time for the people of the South-East is here. “We assure the President of the support of Ndigbo, now and in future,” Okwu concluded. Related Topics: Ohanaeze SEDC Tinubu Don't Miss Nigerian Govt disowns circulating list of ambassadorial nominees You may like Ghana election: Tinubu congratulates President-elect Mahama I’ll go after ‘bad’ Nigerians, they are in trouble – Tinubu threatens Duk da ba’a son mu,mun kawo gyara a Najeriya – Tinubu Economy tough, Nigerians facing challenges – Tinubu Many states now enjoy 22hrs electricity – Yul Edochie claims as he hails Tinubu Masu sukar Tinubu makiyan Najeriya ne – Umahi Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media LtdUnion minister Arjun Ram Meghwal inaugurates India's first Constitution Museum
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