Ge Long Hui·2026-03-19 09:12Core Viewpoint - MGM China Holdings Limited reported record operating revenue of HKD 34.7875 billion for the year ending December 31, 2025, representing a 10.8% increase from the previous year [1] Financial Performance - Adjusted EBITDA reached a historical high of HKD 10 billion, up 10.4% year-on-year [1] - The overall gaming market share increased to a record 16.1%, compared to 15.8% last year [1] Dividend Announcement - The board proposed a final dividend of HKD 0.353 per share for the year ending December 31, 2025, totaling approximately HKD 1.3414 billion [1] Gaming Revenue Breakdown - Total win from table games increased by 10.2% to HKD 31.510 billion, driven by a 1.1% increase in betting amounts at MGM Macau and a 14.2% increase at MGM Cotai [1] - VIP table games saw a 19.5% increase in total win to HKD 4.8374 billion, primarily due to an increase in win rates, despite a decrease in turnover at both properties [1] Slot Machine Performance - Total win from slot machines increased by 3.3% to HKD 2.2963 billion, attributed to a 3.1% increase in betting amounts at MGM Macau and a 26.5% increase at MGM Cotai, partially offset by a decrease in win rates [2]