MGM China achieves new quarterly record of $301 million Adjusted Property EBITDAR in first quarter

Thursday, May 2, 2024 2:11 PM
  • Ben Blaschke, Inside Asian Gaming

MGM China has again reported record earnings in the three months to March 31, including Adjusted Property EBITDAR of $301 million at its Macau integrated resorts – up 78% year-on-year and almost 15% higher than the previous record of $262 million set in the December 2023 quarter.

The results were released by MGM China’s parent company, MGM Resorts International, on Thursday morning (Asia time), which itself booked consolidated Adjusted EBITDA of $1.2 billion on revenues of $4.4 billion.

The Macau result came off the back of net revenues of $1.1 billion for MGM China, up 71% year-on-year and 12% quarter-on-quarter, while market share of 17% was also an all-time high for the company.