MGM China recorded its highest ever Adjusted EBITDA in the June 2025 quarter, continuing its recent run of success as the company’s Macau market share hit 16.6%.
According to information released by parent company MGM Resorts International early Thursday (Macau time), MGM China recorded a 3% year-on-year increase in Adjusted EBITDA to HK$2.51 billion (US$320 million) in Q2, aided by a 9% rise in total revenues to HK$8.67 billion (US$1.10 billion). EBITDA margin grew by around 172bps to 28.9%.
Flagship resort MGM Cotai was the standout performer, with revenues rising by 12% to HK$5.28 billion (US$673 million) and Adjusted EBITDA by 5% to HK$1.46 billion (US$186 million). While all gaming segments enjoyed growth, it was VIP table games that saw the largest surge – and by some margin – with turnover up 39% year-on-year to HK$32.7 billion (US$4.17 billion) and gross win almost doubling to HK$1.13 billion (US$144 million).
