{"id":37311,"date":"2025-10-30T13:40:37","date_gmt":"2025-10-30T06:40:37","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=37311"},"modified":"2025-10-30T13:40:37","modified_gmt":"2025-10-30T06:40:37","slug":"mgm-china-reports-2025-third-quarter-results","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=37311","title":{"rendered":"MGM China Reports 2025 Third-Quarter Results"},"content":{"rendered":"<p class=\"prntac\"><b>Record Third Quarter \u00a0Adjusted EBITDA Posted 20% Year-on-Year Growth<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 30, 2025<\/span><\/span> \/PRNewswire\/ &#8212; MGM China Holdings Limited (&#8220;MGM China&#8221; or the &#8220;Company&#8221;; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the &#8220;Group&#8221;) for the three months (the &#8220;Period&#8221;) and nine months ended <span class=\"xn-chron\">September 30, 2025<\/span>.<\/p>\n<p>The Group is pleased to see a record third-quarter riding on the recovery of <span class=\"xn-location\">Macau<\/span>. For the three months ended <span class=\"xn-chron\">September 30<\/span>, <span class=\"xn-location\">Macau<\/span> saw average daily visitor arrival up by 14% year-on-year to 113,614 surpassed 2019 pre-COVID levels by 5%.<\/p>\n<p><span class=\"xn-location\">Macau<\/span> also saw growth of gross gaming revenue (GGR). Industry GGR per day rose 13% year-to-year to MOP680 million for the Period despite casino closure due to typhoons in September. Third quarter GGR recovered to 88% of 2019 levels, up from 83% in the second quarter.<\/p>\n<ul type=\"disc\">\n<li>MGM China continues to grow. Daily property visitation for the Period was up 17% year-on-year. Daily GGR and mass GGR (including slot) were up 20% and 17% respectively from last year.<\/li>\n<li>Net revenue for the Period grew by 17% year-on-year to <span class=\"xn-money\">HK$8.5 billion<\/span>. Reported adjusted EBITDA was <span class=\"xn-money\">HK$2.4 billion<\/span>, rose by 20% from 2024. Both are record high for third quarter.<\/li>\n<li>Adjusted EBITDA margin improved to 27.9% from 27.4% a year ago, with a mass-focused business and continuous improvement in operational efficiency.<\/li>\n<li>Third-quarter market share in <span class=\"xn-location\">Macau<\/span> was 15.5%, up from 14.8% a year ago. MGM COTAI market share was 9.4% and MGM <span class=\"xn-location\">MACAU<\/span> market share was 6.1%.<\/li>\n<li>On a property basis, MGM COTAI recorded revenue of <span class=\"xn-money\">HK$5.1 billion<\/span> for the Period, up by 22% in 2024. Adjusted EBITDA was <span class=\"xn-money\">HK$1.5 billion<\/span>, up by 23% year-on-year. Adjusted EBITDA margin was 28.5%, compared to 28.1% a year ago.<\/li>\n<li>MGM <span class=\"xn-location\">MACAU<\/span> recorded revenue of <span class=\"xn-money\">HK$3.4 billion<\/span> for the Period, up by 12% in 2024. Adjusted EBITDA was <span class=\"xn-money\">HK$914 million<\/span>, up by 14% year-on-year. Adjusted EBITDA margin was 26.9%, compared to 26.4% a year ago.<\/li>\n<li>The Group maintained a healthy financial position. As of <span class=\"xn-chron\">September 30, 2025<\/span>, the Group had a total liquidity of approximately <span class=\"xn-money\">HK$22.3 billion<\/span>, comprised of cash, cash equivalents and undrawn revolver.<\/li>\n<\/ul>\n<p>During the Period, <i><span class=\"xn-location\">Macau<\/span> 2049<\/i>, the residency show co-created by MGM and renowned filmmaker Zhang Yimou, was awarded the 2024 Weibo Cultural Tourism IP Award at the 2025 &#8220;Weibo Travel Night&#8221;. The award affirms the recognition in cultural tourism communication, and our support in developing <span class=\"xn-location\">Macau<\/span> as a base for exchange and cooperation where Chinese culture is the mainstream and diverse cultures coexist.<\/p>\n<p>In September, The Group has participated in the &#8220;Experience Macao Roadshow in <span class=\"xn-location\">Lisbon<\/span>&#8220;, organized by the Macao Government Tourism Office at <span class=\"xn-location\">Portugal<\/span>. We jointly showcased <span class=\"xn-location\">Macau&#8217;s<\/span> unique appeal as a World Centre of Tourism and Leisure, as well as to foster exchange and cooperation in tourism, culture and commerce between <span class=\"xn-location\">Macau<\/span> and <span class=\"xn-location\">Portugal<\/span>.<\/p>\n<p>Back in <span class=\"xn-location\">Macau<\/span>, MGM China has fully launched the Alpha Villas during the Period, while the Alpha Club also at MGM <span class=\"xn-location\">MACAU<\/span> was fully opened in late September. Together with completion of other refurbishment projects, MGM <span class=\"xn-location\">MACAU<\/span> provides an elevated experience especially for premium customers.<\/p>\n<p><b><span class=\"xn-person\">Kenneth Feng<\/span>, President and Executive Director of MGM China<\/b> said: &#8220;We are delighted to see MGM China to have a record third quarter. The Alpha products have been well received by especially high-end customers. We are devoted to understanding our customers and enhancing their stay at our properties.<\/p>\n<p>&#8220;We are proud to join <span class=\"xn-location\">Macau&#8217;s<\/span> evolution into a diversified tourist destination, including the <i>Macau2049<\/i> residency show at MGM COTAI and the Poly MGM Museum at MGM <span class=\"xn-location\">MACAU<\/span>.<\/p>\n<p>With more non-gaming and entertainment events taking place in <span class=\"xn-location\">Macau<\/span>, we believe visitors will have many more reasons to visit and continue to drive growth in the <span class=\"xn-location\">Macau<\/span> market, said <b><span class=\"xn-person\">Kenneth Feng<\/span>.<\/b><\/p>\n<p>\u2013 END \u2013<\/p>\n<p><b><u>About MGM China Holdings Limited<\/u><\/b><\/p>\n<p>MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the <span class=\"xn-location\">Greater China<\/span> region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in <span class=\"xn-location\">Macau<\/span>. MGM Grand Paradise, SA owns and operates MGM <span class=\"xn-location\">MACAU<\/span>, the award-winning premium integrated resort located on the <span class=\"xn-location\">Macau<\/span> Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in <span class=\"xn-location\">Macau<\/span>.<\/p>\n<p>MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world&#8217;s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company&#8217;s website at <i><a href=\"http:\/\/www.mgmresorts.com\/\" target=\"_blank\" rel=\"nofollow\">www.mgmresorts.com<\/a><\/i>.<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p class=\"prntac\"><b>Record Third Quarter \u00a0Adjusted EBITDA Posted 20% Year-on-Year Growth<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 30, 2025<\/span><\/span> \/PRNewswire\/ &#8212; MGM China Holdings Limited (&#8220;MGM China&#8221; or the &#8220;Company&#8221;; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the &#8220;Group&#8221;) for the three months (the &#8220;Period&#8221;) and nine months ended <span class=\"xn-chron\">September 30, 2025<\/span>.<\/p>\n<p>The Group is pleased to see a record third-quarter riding on the recovery of <span class=\"xn-location\">Macau<\/span>. For the three months ended <span class=\"xn-chron\">September 30<\/span>, <span class=\"xn-location\">Macau<\/span> saw average daily visitor arrival up by 14% year-on-year to 113,614 surpassed 2019 pre-COVID levels by 5%.<\/p>\n<p><span class=\"xn-location\">Macau<\/span> also saw growth of gross gaming revenue (GGR). Industry GGR per day rose 13% year-to-year to MOP680 million for the Period despite casino closure due to typhoons in September. Third quarter GGR recovered to 88% of 2019 levels, up from 83% in the second quarter.<\/p>\n<ul type=\"disc\">\n<li>MGM China continues to grow. Daily property visitation for the Period was up 17% year-on-year. Daily GGR and mass GGR (including slot) were up 20% and 17% respectively from last year.<\/li>\n<li>Net revenue for the Period grew by 17% year-on-year to <span class=\"xn-money\">HK$8.5 billion<\/span>. Reported adjusted EBITDA was <span class=\"xn-money\">HK$2.4 billion<\/span>, rose by 20% from 2024. Both are record high for third quarter.<\/li>\n<li>Adjusted EBITDA margin improved to 27.9% from 27.4% a year ago, with a mass-focused business and continuous improvement in operational efficiency.<\/li>\n<li>Third-quarter market share in <span class=\"xn-location\">Macau<\/span> was 15.5%, up from 14.8% a year ago. MGM COTAI market share was 9.4% and MGM <span class=\"xn-location\">MACAU<\/span> market share was 6.1%.<\/li>\n<li>On a property basis, MGM COTAI recorded revenue of <span class=\"xn-money\">HK$5.1 billion<\/span> for the Period, up by 22% in 2024. Adjusted EBITDA was <span class=\"xn-money\">HK$1.5 billion<\/span>, up by 23% year-on-year. Adjusted EBITDA margin was 28.5%, compared to 28.1% a year ago.<\/li>\n<li>MGM <span class=\"xn-location\">MACAU<\/span> recorded revenue of <span class=\"xn-money\">HK$3.4 billion<\/span> for the Period, up by 12% in 2024. Adjusted EBITDA was <span class=\"xn-money\">HK$914 million<\/span>, up by 14% year-on-year. Adjusted EBITDA margin was 26.9%, compared to 26.4% a year ago.<\/li>\n<li>The Group maintained a healthy financial position. As of <span class=\"xn-chron\">September 30, 2025<\/span>, the Group had a total liquidity of approximately <span class=\"xn-money\">HK$22.3 billion<\/span>, comprised of cash, cash equivalents and undrawn revolver.<\/li>\n<\/ul>\n<p>During the Period, <i><span class=\"xn-location\">Macau<\/span> 2049<\/i>, the residency show co-created by MGM and renowned filmmaker Zhang Yimou, was awarded the 2024 Weibo Cultural Tourism IP Award at the 2025 &#8220;Weibo Travel Night&#8221;. The award affirms the recognition in cultural tourism communication, and our support in developing <span class=\"xn-location\">Macau<\/span> as a base for exchange and cooperation where Chinese culture is the mainstream and diverse cultures coexist.<\/p>\n<p>In September, The Group has participated in the &#8220;Experience Macao Roadshow in <span class=\"xn-location\">Lisbon<\/span>&#8220;, organized by the Macao Government Tourism Office at <span class=\"xn-location\">Portugal<\/span>. We jointly showcased <span class=\"xn-location\">Macau&#8217;s<\/span> unique appeal as a World Centre of Tourism and Leisure, as well as to foster exchange and cooperation in tourism, culture and commerce between <span class=\"xn-location\">Macau<\/span> and <span class=\"xn-location\">Portugal<\/span>.<\/p>\n<p>Back in <span class=\"xn-location\">Macau<\/span>, MGM China has fully launched the Alpha Villas during the Period, while the Alpha Club also at MGM <span class=\"xn-location\">MACAU<\/span> was fully opened in late September. Together with completion of other refurbishment projects, MGM <span class=\"xn-location\">MACAU<\/span> provides an elevated experience especially for premium customers.<\/p>\n<p><b><span class=\"xn-person\">Kenneth Feng<\/span>, President and Executive Director of MGM China<\/b> said: &#8220;We are delighted to see MGM China to have a record third quarter. The Alpha products have been well received by especially high-end customers. We are devoted to understanding our customers and enhancing their stay at our properties.<\/p>\n<p>&#8220;We are proud to join <span class=\"xn-location\">Macau&#8217;s<\/span> evolution into a diversified tourist destination, including the <i>Macau2049<\/i> residency show at MGM COTAI and the Poly MGM Museum at MGM <span class=\"xn-location\">MACAU<\/span>.<\/p>\n<p>With more non-gaming and entertainment events taking place in <span class=\"xn-location\">Macau<\/span>, we believe visitors will have many more reasons to visit and continue to drive growth in the <span class=\"xn-location\">Macau<\/span> market, said <b><span class=\"xn-person\">Kenneth Feng<\/span>.<\/b><\/p>\n<p>\u2013 END \u2013<\/p>\n<p><b><u>About MGM China Holdings Limited<\/u><\/b><\/p>\n<p>MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the <span class=\"xn-location\">Greater China<\/span> region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in <span class=\"xn-location\">Macau<\/span>. MGM Grand Paradise, SA owns and operates MGM <span class=\"xn-location\">MACAU<\/span>, the award-winning premium integrated resort located on the <span class=\"xn-location\">Macau<\/span> Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in <span class=\"xn-location\">Macau<\/span>.<\/p>\n<p>MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world&#8217;s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company&#8217;s website at <i><a href=\"http:\/\/www.mgmresorts.com\/\" target=\"_blank\" rel=\"nofollow\">www.mgmresorts.com<\/a><\/i>.<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-37311","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/37311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37311"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/37311\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}