MGM China has outlined a series of substantial upgrade projects across its two Macau integrated resorts as key to sustaining market share in the mid-teens following another record-breaking quarter for the company.
The September 2024 quarter saw MGM China book all-time records for both revenue and Adjusted Property EBITDAR, while the company’s Macau market share reached 15.9% having climbed steadily from just 9.5% pre-COVID.
While the addition of 198 new gaming tables under Macau’s current 10 year concessions and the early adoption of smart gaming tables has aided market share growth, MGM said it has embarked on a series of key capex projects at both MGM Macau and MGM Cotai with a view to maintaining long-term share of at least 15%.
