Tag Archives: MGM China
China – MGM reports impressive year prior to Coronavirus outbreak
Prior to the effects of the Coronavirus taking a grip on its revenues, MGM China saw revenue up by 19 per cent to approximately HK$22.8bn over the last year. Adjusted EBITDA grew by 28 per centyear-on-year to approximately HK$6.2bn. MGM China recorded a growth of approximately 37 per cent year-on-year for mass table win, one…
China – Sands, MGM and Wynn to get ‘level playing field’ in Macau’s re-licensing process
Macau’s three US casino licence holders can expect a ‘level playing field’ when it comes to the relicensing process in 2022, according to ratings agency Fitch. Fitch believes that Sands China, MGM China and Wynn Macau will be given pragmatic approach from new Chief Executive, Ho Iat Seng but also believes there is still a…
China – Mass tables up by 47 per cent for MGM China
MGM China saw adjusted EBITDA increase by 39 per cent year-on-year to approximately HK$1.5bn with main floor table games booming by 47 per cent year-on-year to approximately HK$3.9bn. Slot win was up three per cent to approximately HK$572m. VIP table games win was up four per cent to approximately HK$2.5bn. MGM China sees approximately 86…
Brazil – MGM China’s Pansy Ho sees potential in Brazil
The Co-Chairperson and Executive Director of gaming operator MGM China Holdings Ltd, Pansy Ho Chiu King, said that if Brazil gives gaming the green light then a number of international investors would in all likelihood be willing to get on board. According to The Macau Daily Times The daughter of Hong Kong and Macau-based businessman…
China – MGM China enjoys 24 per cent increase in Macau GGR
A strong quarter saw MGM China post revenue of HK$5.8bn, an increase of 24 per cent from the same quarter last year, for the three months ended March 31, 2019. MGM China saw adjusted EBITDA up by 27 per cent year-on-year to HK$1.6bn. Adjusted EBITDA margin for the quarter was 28.1 per cent compared to…
China – SJM and MGM have Macau licenses extended until 2022
The Macau government has kick-started its casino relicensing process by extending the licences held by SJM (Sociedade de Jogos de Macau) and MGM Grand Paradise to mid-2022 although there has been no indication to what might happen after this date. The new expiry date coincides with the expiry date of other concessionaires so that all…
China – MGM ‘building on momentum’ in Macau with 33 per cent revenue increase
MGM China saw growth of 33 per cent year-on-year in 20198 with GGR reaching HK$19.2bn and adjusted EBITDA reaching HK$4.8bn, compared to HK$4.6bn a year ago. MGM China recorded a growth of approximately 34 per cent year-on-year for mass table win, 59 per cent growth for slot win; and 13 per cent growth for VIP…
China – MGM Coati helps boost MGM China’s Q3 by 38 per cent
MGM China saw its revenues increase by 38 per cent year-on-year for the three months ended September 30, 2018, due to the inclusion of results from MGM Cotai. The quarter saw MGM China record total revenue of HK$4.8bn, an. Adjusted EBITDA was approximately HK$1.1bn, compared with HK$1bn a year ago. MGM’s Cotai casino continued to…
China – MGM China showing steady growth after Cotai opening
The opening of MGM Cotai in February has helped MGM China record total revenue of HK$9.1bn during the first half of the year, an increase of 30 per cent year-on-year. Adjusted EBITDA was HK$2.3bn, compared with $2.2bn a year ago. Main floor table games win for the group during the six-month period increased 31 per…
