Core Insights - MGM Resorts International has received 13 Five-Star awards from Forbes Travel Guide, highlighting its commitment to luxury and exceptional service in Las Vegas and Macau [1][1][1] Awards and Recognition - MGM Resorts has been awarded Five-Star designations for multiple properties, including SKYLOFTS at MGM Grand for the 17th consecutive year, ARIA Sky Suites for the 14th year, and MGM MACAU for the 11th year [1][1][1] - The Spa at ARIA has maintained its Five-Star status for the eighth consecutive year, while The Spa at Four Seasons Las Vegas has achieved this honor for the sixth consecutive year [1][1][1] - In the restaurant category, Joël Robuchon at MGM Grand has celebrated its 20th consecutive Five-Star rating, and Le Cirque at Bellagio has received the honor for the 10th consecutive year [1][1][1] Company Overview - MGM Resorts International is a global gaming and entertainment company listed on the S&P 500, featuring a portfolio of 31 hotel and gaming destinations worldwide [1][1][1] - The company operates BetMGM, a joint venture offering sports betting and online gaming in North America, and is pursuing expansion in Asia with a resort development in Japan [1][1][1] - MGM Resorts is recognized as one of FORTUNE Magazine's World's Most Admired Companies, reflecting its commitment to sustainability and community impact [1][1][1]

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]