Tag Archives: MGM China
China – MGM Cotai excited by the launch of ‘unparalleled’ Mansion
MGM Resorts has said that the launch of The Mansion at its MGM Cotai resort in Macau will be critical to the company’s VIP business from China. The Mansion, which provides an exclusive, luxury villa for VIP guests and has already proved successful at MGM Grand in Las Vegas, will open half way through 2018…
China – MGM China sees five per cent increase in lead up to Cotai opening
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…
China – MGM to boost VIP as well as mass with MGM Cotai
Despite promoting its soon-to-open MGM Cotai as a mass gaming property, MGM China has said it will also help to boost its share of VIP play having seen VIP revenue fall by 1.9 per cent in the first half of 2017. The Las Vegas-based operator said the property will open by the end of the…
China – MGM presents plans for resorts in Tokyo, Yokohama and Osaka
MGM Resorts CEO James Murren gave some pointers on the operator’s objectives in Japan at the Bank of America Merrill Lynch 2017 Japan Conference. He predicted that MGM Japan, an integrated casino resort which would demand an investment of $10bn, would open sometime in 2025. Mr. Murren said MGM wanted to be part of a…
China – MGM Cotai presents Asia’s first dynamic theater
MGM Cotai, a HK$26bn integrated resort set to open in the fourth quarter of 2017, will represent MGM’s vast experience in entertainment, creating first-of-its-kind entertainment experiences in Asia through the MGM Theater at COTAI, Asia’s first dynamic theater. Designed by Scéno Plus, a world leading performance arts and entertainment design firm, the MGM Theater at…
China – MGM finding its roar in Macau with seven per cent increase
MGM China saw its revenues increase by seven per cent for the three months ended March 31, 2017, with total revenue of HK$3.9bn. Adjusted EBITDA was up by 23 per cent from a year ago to HK$1.2bn. Property EBITDA margin for the quarter grew 412 basis points year on year to 31.4 per cent. Mass…
China – MGM Cotai reveals new Chinese name
MGM has now unveiled its golden lion statue at MGM Cotal, with the announcement of the integrated resort’s name in Chinese “Ｍei Si Mei Gou Mui” (美獅美高梅), meaning “Beautiful Lion, Beautiful MGM.” This impressive new statue provides an iconic entrance to MGM Cotai, serving as a gateway to the extraordinary experiences that will be available…
China – MGM China reports increase in mass gaming
MGM China generated total revenue in 2016 of HK$14.9bn, down from HK$17.2bn in 2015 although it did manage to improve its operation efficiency and margins. The group though mirrored the wider Macau market with mass gaming up slightly whilst VIP gaming suffered a big downturn. While total gaming revenue in Macau declined by three per…
China – Further delays to MGM Cotai opening
MGM China has announced that its $3.1bn MGM Cotai, an integrated casino, hotel and entertainment resort located in Cotai, Macau, is now expected to open during the second half of 2017. The company stated: “Given the complexity of the design of MGM Cotai and the Company’s commitment to a successful opening that reflects the demands…
