Record High Quarterly Adjusted EBITDA Market Share Reached 16.6% HONG KONG, July 30, 2025 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for second quarter (the "Period"). The Group is pleased to see the Period Macau has posted growth from last year. Daily visitation reached 102,812, representing a year-on-year growth of 19%, having recovered to 94% of sam ...

Core Insights - MGM China Holdings Limited reported sequential growth in adjusted EBITDA and market share for the first quarter of 2025, with net revenue reaching HK$8.0 billion, up 1% from the previous quarter and 139% of the same period in 2019 [5] - The average daily visitor arrival in Macau increased by 12% quarter-to-quarter to 109,585, recovering to 95% of the same period in 2019 [1] - The company received seven Forbes Travel Guide's Five-Star Awards, reinforcing its leading position in Macau's hospitality sector [3] Financial Performance - Adjusted EBITDA grew 11% quarter-to-quarter to HK$2.4 billion, representing 146% of the same period in 2019, with an improved adjusted EBITDA margin of 29.6% [5] - Daily gross gaming revenue (GGR) rose 3% quarter-to-quarter to MOP641 million, which is 76% of the same period in 2019 [2] - MGM China's overall GGR market share increased to 15.7% in the first quarter, up from 15.5% in the previous period [5] Market Dynamics - Mass GGR (including slot) recovered to approximately 110% of pre-COVID levels, while VIP GGR was estimated at 26% of the equivalent period [2] - Property visitation for the period was 177% of 2019 levels, with daily GGR at 128% of the first quarter 2019 [5] - The POLY MGM MUSEUM reached 500,000 visitors within three months of opening, showcasing the company's commitment to cultural tourism [4] Strategic Initiatives - The company announced an update to its dividend policy, intending to make semi-annual distributions not exceeding 50% of anticipated consolidated annual profits, increased from 35% previously [5] - MGM China aims to diversify Macau's tourism offerings and enhance customer experiences, contributing to Macau's development as a global tourist destination [5]