Core Viewpoint - MGM China reported strong Q3 2025 results, driven by increased gaming table bets, with total revenue reaching approximately HKD 8.51 billion, a year-on-year increase of 17.39% [1] Financial Performance - Total revenue for Q3 2025 was approximately HKD 8.51 billion, reflecting a year-on-year growth of 17.39% [1] - Adjusted EBITDA was around HKD 2.373 billion, showing a year-on-year increase of 19.6% [1] Market Position and Outlook - CICC's report indicates that MGM China's Q3 2025 performance exceeded market consensus expectations, driven by high-end demand [1] - The total gaming revenue for MGM Cotai and MGM Macau has recovered to 170% and 104% of Q3 2019 levels, respectively [1] - Management anticipates that MGM China will achieve over USD 100 million in EBITDA by October 2025, potentially setting historical highs for monthly revenue and EBITDA figures [1]
港股异动 | 美高梅中国(02282)涨超4% 第三季度经调整EBITDA同比增长19.6% 高端需求驱动业务高增