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City of Dreams Mediterranean: Q4 Earnings Surge Driven By Operational Momentum

by THEFUTURE.TEAM

March 5, 2025

City of Dreams Mediterranean, the group behind the renowned casino at Fasouri in Limassol, recorded a robust earnings boost in Q4 2024, posting an increase of $11.8 million. This surge is primarily attributed to the sustained growth in operations following the mid-2023 launch of City of Dreams Mediterranean—a move that has significantly elevated performance in both the mass market and non-gaming sectors.

Strong Financial Performance

According to an announcement from the group, the adjusted EBITDA—earnings before income tax, depreciation, and amortization—soared to $59.2 million in Q4 2024, up from $47.3 million during the same period in 2023. This robust performance underscores the strategic impact of expanding operations and enhancing customer engagement.

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Improved Chip Volume Efficiency

A critical metric, the “rolling chip volume” margin, stood at 3.06% in Q4 2024, a remarkable turnaround from a negative 8.85% recorded in Q4 2023. This improvement places the margin well within the expected range of 2.85% to 3.15%, signaling efficient management and robust operational execution.

Mixed Trends In Table Games

Despite overall gains, the casino experienced a notable decline in table game revenue in the mass market segment, dropping to $126.5 million in Q4 2024 from $87.6 million in Q4 2023. However, the profit margin for table games remained relatively stable, registering 21.8% in Q4 2024 compared to 22.1% the previous year. This stability amid shifting revenue dynamics reflects a well-balanced portfolio and strategic focus on operational efficiency.

A Strategic Win For City Of Dreams Mediterranean

The continued operational growth following the opening of City of Dreams Mediterranean has clearly paid off. By boosting both non-gaming and mass market performance, the group has not only enhanced its earnings profile but also set a new benchmark for operational excellence in the region.

As the casino industry faces evolving market dynamics, City of Dreams Mediterranean’s performance in Q4 2024 illustrates the power of strategic expansion and operational agility—a story of transformation and sustained growth in an increasingly competitive environment.

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Discovery of a New Dwarf Planet: Is Our Solar System Expanding?

by News Editor

June 16, 2025

A New Celestial Revelation: Meet 2017 OF201

In a groundbreaking astronomical discovery, researchers have identified a celestial body likely to be a dwarf planet far beyond Pluto. This thrilling discovery was made by astronomers from the Institute for Advanced Study in Princeton, New Jersey. Dubbed 2017 OF201, this object is located over twice the distance of Pluto from the Sun, marking it as one of the farthest known bodies in our solar system observable through optical telescopes.

Key Insights

The object is approximately 700 kilometers in diameter, smaller than Pluto’s 2377 kilometers, yet it stands to be the largest found in the outer solar system in over a decade if verified by radio telescopes.
Classified as an extreme trans-Neptunian object, 2017 OF201 joins the ranks of other icy bodies circling the Sun beyond Neptune’s orbit. This region is now known to host other giants such as Eris, Haumea, Makemake, and Gonggong.
Identified in a series of 19 observations over seven years, involving instruments like the Dark Energy Camera in Chile and the Canada-France-Hawaii Telescope, this discovery sheds light on the unexplored corners of the solar system.

Why 2017 OF201 Stands Out

2017 OF201 boasts a unique orbit, with its aphelion over 1600 times the Earth’s distance from the Sun. Meanwhile, its perihelion is 44.5 times the Earth-Sun distance, parallel to Pluto’s path. Such an extensive orbit is evidence of a chaotic past, likely involving gravitational interactions with a giant planet.

Unveiling the Kuiper Belt: A New Frontier

Nestled within the Kuiper Belt, this object hints at the possibility of numerous similar celestial bodies lingering in this icy expanse, largely hidden due to immense distances. As telescope technology advances, the possibility of unveiling more about our solar system’s outermost fringes grows ever more achievable.