MGM China’s reached ‘historic high’ revenue in 2023
Monday 19 de February 2024 / 12:00
⏱ 1 min read
(Macau).- The company MGM China’s announced that during a regulatory filing, the net revenues for 2023 reached usd 3.15 billion, or 108 percent of the total logged in pre-pandemic 2019.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at a “historical high” of usd 920 billion, or 117 percent of 2019’s levels, MGM China said.
On a quarterly basis last year, the Group recorded sequential growth for four consecutive quarters in its daily gross gaming revenue and adjusted EBITDA. Fourth-quarter adjusted EBITDA was up 16 percent from previously to usd 28 billion.
MGM China said its market share for 2023 stood at 15.2 percent, up from 9.5 percent in 2019. The share of its Cotai property was 8.6 percent, while MGM Macau recorded 6.6 percent market share.
Kenneth Feng, the president and executive director of MGM China said “We are excited about the recovery in Macau and our outperformance across various business segments.”
He added that the casino operator would “continue to innovate our products and services to enhance customer experience. We are also committed to bringing in more unique integrated tourism experiences to attract international visitors.”
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
NOVOMATIC drives the growth of the Colombian market at GAT Cartagena 2026
(Cartagena).- Following a standout participation at GAT Cartagena 2026, NOVOMATIC Gaming Colombia reaffirmed its leadership in the Latin American gaming industry by combining a strong technological showcase with the launch of linked progressive jackpots and active involvement in regulatory discussions shaping the future of the slot machine sector in the country.
Thursday 02 Apr 2026 / 12:00
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.