MGM China Sets Third-Quarter Records for Revenue and Adjusted EBITDA with Historic Macau Market Share

MGM China reported record third-quarter revenue and adjusted EBITDA while expanding its Macau market share to a new high.

Revenue climbed 5 per cent year-on-year to approximately HK$8.9bn. Adjusted EBITDA reached approximately HK$2.4bn. Both figures marked all-time highs for any third-quarter period. Market share escalated to 17.1 per cent, with MGM Cotai at 10.5 per cent and MGM Macau at 6.6 per cent. Daily visitation rose 10 per cent year-on-year. Daily GGR and mass GGR, including slot operations, each increased 5 per cent. Occupancy climbed to 94.1 per cent from 93.5 per cent.

Property Performance

MGM Cotai generated revenue of approximately HK$5.4bn, up from HK$5.1bn, and adjusted EBITDA of approximately HK$1.52bn, up from HK$1.46bn. MGM Macau recorded revenue of approximately HK$3.5bn, up from HK$3.4bn, and adjusted EBITDA of approximately HK$865m, down from HK$914m.

Strategic Positioning

Positive momentum continued into the fourth quarter. Property visitation during the October Golden Week holiday surged 10 per cent year-on-year. Kenneth Feng, Chief Executive Officer of MGM China, said: “The higher-end market segment continues to drive growth. The positive response to our refurbished products and premium spaces underscores our team’s deep understanding of the Macau market and our ability to anticipate our customers’ evolving tastes.” Feng added: “This initiative will further optimise our assets to enhance competitiveness and solidify the complementary positioning of our portfolio – establishing MGM Macau as the premier venue on the Peninsula and MGM Cotai as the preferred destination for premium travellers. We are fully committed to supporting Macau’s development into a world-class, diversified tourist destination.” As reported by G3 Newswire, the results reflect the group's strong positioning in high-value segments.