[bsa_pro_ad_space id=1 link=same] [bsa_pro_ad_space id=2]

Skip to Content

Operator News

China – MGM China sees five per cent increase in lead up to Cotai opening

By - 8 November 2017

MGM China saw a five per cent swing in its revenues for the three months ended September 30, 2017.
During the Period, MGM China recorded total revenue of HK$3,679m, an increase of five per cent from the second quarter this year. Adjusted EBITDA grew three per cent quarter-on-quarter to HK$1,049m. The Group recorded adjusted EBITDA margin at 28.5 per cent for the Period.

There was sequential improvement in all gaming segments, with approximately 80 per cent of profit contributed by the main floor. Main floor table games win increased by two per cent and drop increased by seven per cent sequentially. Slot win grew by 14 per cent and VIP table games win increased by nine per cent sequentially.

MGM Macau saw market share improve each month within the Period. The Group sees this as a reflection of stability and resilience in Peninsula market which attracts quality players. MGM said it would continue to invest and remodel the main floor at MGM Macau with additional retail space to create further diversified experiences for its visitors.

Grant Bowie, Chief Executive Officer and Executive Director of MGM China said: “We are confident in Macau’s long-term prospects. We continue contributing to its evolution into a World Center of Tourism and Leisure with the opening of our second integrated resort, MGM Cotai in January next year. We look forwards to expand our presence and capture the growth opportunities in this dynamic market.

“We are in the final stage in preparing the opening of MGM Cotai on January 29, 2018. MGM Cotai will redefine the way people experience art and entertainment through innovative technology. The resort brings mind-blowing entertainment experiences through our Spectacle and MGM Theater, Asia’s first dynamic theater with exciting resident shows. It is also home to a unique art collection of more than 300 pieces of contemporary art with themes of bridging the East and West, tradition and technology. The resort will become Macau’s most creative culinary destination with first-to-Macau dining concepts curated by world-renowned Michelin-starred chefs and regional Chinese cuisines.”

Share via
Copy link