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.
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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.
MGM Resorts International has acquired more shares in its Macau unit in a deal valued at about US$325 million with Pansy Ho Chiu King, who will add to her stake in the Las Vegas-based parent company. According to a statement by MGM China Holdings to the Hong Kong Stock Exchange on Tuesday, MGM Resorts International […]
The construction of MGM China’s casino-hotel resort in Cotai is going smoothly, Pansy Ho Chiu King, co-chairperson and executive director of the gaming company, said, adding she believed it will open in the first quarter of next year. The US-based brokerage Sanford C. Bernstein said last week there was a possibility that the opening of […]
MGM China’s total revenue dropped 25 per cent year-on-year to HK$3.6 billion in the first quarter, narrowed from the 31 per cent year-on-year decline in the previous quarter, the gaming operator said in a statement on Thursday. According to the statement, adjusted EBITDA fell 23 per cent to HK$995 million. The company’s “business in the quarter was negatively […]
The city’s six gaming operators started yesterday an over month-long discount promotion campaign titled “Macau Loves Locals” during which locals can enjoy various discounts on non-gaming offerings such as dining out, hotel rooms, shows and other kinds of entertainment. The campaign expires at the end of next month. Generally speaking, the discounts range from 20 […]
MGM Macau CEO Grant Bowie said Wednesday that protestors backing Hong Kong’s “Occupy Central” movement should not impact the city’s economy while expressing their views. Bowie made the comment in response to a reporter’s question on whether the protests in Hong Kong has affected Macau. The TDM reporter mentioned in her question that the Hong […]