The adoption of smart gaming tables across the market and the launch of new high-end hotel suite products will likely mean much greater competition between concessionaires in the Macau market, according to a leading MGM China executive.
Vivian Chan, the company’s SVP Finance and Acting CFO, detailed the company’s short-term expectations during a session at the Bank of America Leveraged Finance Conference on Wednesday morning (Asia time), having seen MGM report multiple quarterly GGR and EBITDA records throughout 2024. MGM China has also seen its market share grow from 9.5% in 2019 to as high as 16% this year, aided by the addition of 198 new gaming tables under its 10-year concession through 2032 and the early adoption of smart gaming table technology.
