MGM China Holdings Limited shareholders approve lower annual dividend
Monday 28 de May 2018 / 14:33
⏱ 1 min read
(Macau).- Asian casino operator MGM China Holdings Limited welcomed shareholders to its annual general meeting and the investors reportedly used the occasion to approve a year-end dividend of HK$0.097 ($0.012) per share.
According to a report from GGRAsia, the most recent payment is 39.4% less than for the previous twelve-month period when the amount hit HK$0.160 ($0.02) per share although the Hong Kong-listed operator purportedly explained that the payout of around HKD368.6 million (US$46.98 million) represents approximately 15.9% of its net profit for 2017.
Majority-owned by American casino giant MGM Resorts International, MGM China Holdings Limited is responsible for the MGM Macau venue while February saw it inaugurate its $3.4 billion MGM Cotai property. Thursday reportedly also saw the firm detail that it has now dispersed some 34.9% of its net profit for the whole of 2017 to shareholders via the year-end payment and an earlier interim payout of about HKD440.8 million ($56.18 million).
At the meeting, shareholders moreover reportedly heard that MGM China Holdings Limited had experienced a 23.6% drop year-on-year in its net income for 2017 to around HK$2.32 billion ($295.75 million) while the assembled investors subsequently approved the election of Kenneth Xiaofeng Feng as a non-executive director for the firm.
Categoría:Others
Tags: Sin tags
País: Macao
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 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.
