Welcome to our dedicated page for Mgm China news (Ticker: MCHVY), a resource for investors and traders seeking the latest updates and insights on Mgm China stock.
MGM China Holdings Limited (MCHVY) operates premium integrated resorts in Macau, blending luxury hospitality with gaming and cultural experiences. This page provides investors and industry observers with direct access to the company's official news flow and market developments.
Our curated collection features verified press releases covering financial results, property expansions, and strategic initiatives. Users will find updates on gaming concession compliance, entertainment programming announcements, and partnership developments that shape MCHVY's position in Macau's tourism ecosystem.
Key content categories include quarterly earnings disclosures, regulatory filings, leadership updates, and event programming schedules. Each entry is timestamped and sourced directly from corporate communications to ensure reliability. Bookmark this page for efficient tracking of MCHVY's operational milestones and market-moving announcements in the dynamic Asian integrated resort sector.
MGM China reported strong financial results for 2024, with record-high performance metrics. The company's net revenue grew 27% to HK$31.4 billion, reaching 138% of 2019 levels. Adjusted EBITDA hit a historic high of HK$9.1 billion, up 25% year-over-year and 147% of 2019 figures.
The company's market share reached an all-time high of 15.8% in 2024, up from 15.2% in 2023 and 9.5% in 2019. Property visitation increased 54% year-over-year, reaching 163% of 2019 levels, while daily GGR grew 29% to 129% of 2019. Mass GGR including slots rose 33% to 179% of pre-COVID levels.
The Group maintained strong liquidity of HK$17.2 billion and achieved 94% hotel occupancy. Notable initiatives included the opening of Poly MGM Museum and the launch of the residency show 'Macau 2049' in collaboration with filmmaker Zhang Yimou.
MGM China reported strong performance for the first nine months of 2024, with key metrics surpassing pre-COVID 2019 levels. The company's net revenue grew 38% year-on-year, reaching 137% of 2019 levels, while adjusted EBITDA increased 37% to HK$6.9 billion, representing 150% of 2019 levels. Market share in Macau expanded to 15.9% year-to-date, up from 9.5% in FY2019. MGM COTAI generated revenue of HK$13.7 billion with adjusted EBITDA of HK$4.0 billion, while MGM MACAU recorded revenue of HK$9.8 billion with adjusted EBITDA of HK$2.9 billion. The Group maintained strong liquidity of HK$17.2 billion.
MGM China Holdings (SEHK: 2282) reported strong financial results for the first half of 2024. Net revenue grew by 52% year-on-year to HK$16.2 billion, reaching 144% of the same period in 2019. Adjusted EBITDA increased by 57% to HK$4.9 billion, surpassing pre-COVID levels at 161% of 2019. The company's market share climbed to 16.5%, up from 14.9% a year ago and 9.5% in 2019. MGM COTAI and MGM MACAU both showed significant improvements in revenue and adjusted EBITDA. The Group maintained a healthy financial position with total liquidity of approximately HK$16 billion. MGM China continues to focus on non-gaming events and international market expansion to align with Macau's vision of becoming a global, diversified tourist destination.
MGM China Holdings reported record-high performance and market share for the first quarter of 2024. The company saw significant growth in gross gaming revenue, mass GGR, net revenue, adjusted EBITDA, and market share in Macau. MGM China maintained a strong financial position with total liquidity of HK$16.9 billion and proposed a final dividend of HK$0.347 per share for the year 2023. The company's focus on customer service and innovation contributed to its outstanding performance and confidence in the future of Macau.
MGM China Holdings Limited announced its unaudited financial results for 2022, reporting a net revenue of approximately
MGM Resorts International reported impressive financial results for 4Q 2022, showcasing net revenues of $3.6 billion, an 18% increase year-over-year. The Las Vegas Strip Resorts saw net revenues rise to $2.3 billion, a 27% jump, aided by the acquisition of The Cosmopolitan. Despite significant share buybacks totaling $2.8 billion in 2022, net income climbed to $284 million from $131 million a year earlier, resulting in a diluted EPS of $0.69. However, the company reported an Adjusted EPS loss of $1.53, impacted by substantial noncash expenses. A $2 billion share repurchase program has been authorized, reflecting ongoing capital return to shareholders.