MGM China Holdings Limited (M04.F,2282.HK), an operator of gaming and lodging resorts, reported Thursday that its first-quarter adjusted EBITDA grew 4 percent year-on-year to HK$2.5 billion.
Adjusted EBITDA margin for the period was 28.0 percent, lower than 29.6 percent last year.
MGM China's net revenue grew 10 percent year-on-year to HK$8.8 billion. Daily total Gross gaming revenue or GGR increased 13 percent year-on-year, and daily mass GGR surged 19 percent.
Macau's average daily visitor arrival in the first quarter grew 14 percent year-on-year to 124,599. GGR in Macau rose 14 percent year-on-year, with daily GGR reaching a post-pandemic high.
By property, MGM COTAI revenue rose 10 percent year-on-year to HK$5.3 billion. Adjusted EBITDA rose 11 percent to HK$1.6 billion, and adjusted EBITDA margin gained 20 basis points to 30.5 percent.
MGM MACAU's revenue was up by 9 percent year-on-year to HK$3.4 billion. Adjusted EBITDA declined from last year to HK$832 million.
In Hong Kong, the shares were trading at HK$11.550, down 0.86 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.