Gambling revenue in Macau fell 5 percent in January, the first drop in more than two years, Macau’s Gaming Inspection and Coordination said on Friday.
During the first half of this year, MGM China recorded a total revenue of HKD7.4 billion, an increase of 3 percent year-on-year. Adjusted EBITDA was HKD2.2 billion, an increase of 11 percent from last year.
Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.
Gaming operator MGM China reported a total revenue of HKD14.9 billion for the 2016 financial year. In the year under review, MGM China recorded an EBITDA of HKD4.5 billion, a slight dip from HKD4.7 billion in 2015.
Macau’s gross gaming revenue in July recorded a monthly decline of 4.5 per cent, amounting to MOP17.8 billion (US$2.2 billion),