MGM China’s Q3 net revenues up 10 pct from pre-pandemic level
Thursday 09 de November 2023 / 12:00
2 minutos de lectura
(Macau).- Gaming operator MGM China reported net revenues of US$813 million (MOP6.5 billion) in the third quarter of 2023, representing a 10 per cent increase compared to the third quarter of the pre-pandemic year 2019, the company announced in a stock filing on Thursday morning.
Net revenues for the July-to-September period were 9.7 per cent higher than in the second quarter of this year and showed an 829 per cent increase year-on-year, when the city was under strict pandemic-related restrictions.
Meanwhile, adjusted Property EBITDAR reached US$226 million (MOP1.8 billion), up 23 per cent from the second quarter.
According to J.P. Morgan Securities (Asia Pacific), it was even 20 per cent higher than in 2019 and exceeded expectations by 3 per cent, primarily led by gains in mass market share.
The casino operator continued to increase its gross gaming revenue share, reaching 15.5 per cent in October, further up from 14 per cent in the third quarter.
Additionally, the company achieved its highest-ever monthly EBITDA that month.
The group’s MGM Cotai property continued to be the top performer in the SAR, accounting for 53 per cent (HKD 1 billion) of MGM China’s total Adjusted EBITDA, with MGM Macau achieving the remaining HKD 880.5 million.
“MGM China is performing exceptionally well, and we have a pipeline of development opportunities, including New York and Japan, alongside the growth and development of our international digital business and BetMGM,” said Bill Hornbuckle, Chief Executive Officer and President of the parent company MGM Resorts. MGM Resorts reported a consolidated revenue of US$4 billion (MOP 32 billion), indicating a 16% year-on-year increase.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Darío Zutel talks all about Win Systems' presence at ICE Barcelona 2026
(Barcelona, SoloAzar Exclusive).- Darío Zutel, Executive Chairman of Win Systems, reviews the results achieved at ICE Barcelona 2026, highlights the strategic quality of the contacts generated, the momentum of cashless solutions with WIN PAY, and outlines the company's innovation and expansion plans across the Americas, Europe, and other key international markets.
Monday 09 Feb 2026 / 12:00
Air Dice at ICE Barcelona 2026: Building Momentum Through Innovation and Strategic Market Expansion
(Barcelona, SoloAzar Exclusive).- In this interview, Erkki Nikunen, Partner & CBDO of Air Dice, reflects on the company’s performance at ICE Barcelona 2026, the strong reception of its FateQuest series, key industry trends shaping the sector, and Air Dice’s strategic priorities for growth, partnerships, and market expansion in 2026.
Monday 09 Feb 2026 / 12:00
Merkur Group Shines in Barcelona with Triple ICE Triumph
(Espelkamp/Barcelona).- Merkur Group secures three prestigious international accolades for operational excellence, social commitment, and standout exhibition experience.
Friday 06 Feb 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.