Wednesday, May 29, 2024

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Kenneth Feng re-designated as an executive Director of MGM China

MGM China has announced that it is re-designating the President of its Macau gaming license-holding subsidiary, Macau Grand Paradise Limited, as an executive director of MGM China. Kenneth Xiaofeng Feng had previously served as a non-executive director of the Hong Kong-listed company.

MGM China first quarter results outshine pre-COVID era, company continues gaining market share

MGM China has announced its continued resurgence in the first quarter of the year, with record high adjusted EBITDA and market share during the period.

MGM China’s 2023 adjusted EBITDA reached a historical high of $921M

Macau gaming operator MGM China experienced a record-breaking year in 2023, witnessing record-high performance across segments and continuing to outperform industry recovery.

MGM becomes Macau’s first IR operator to fully convert to natural gas

MGM has achieved a new green milestone – with MGM Macau becoming the first hotel on the Macau Peninsula to convert to natural gas.

MGM China supports Tung Sin Tong’s annual fundraising campaign for the 16th consecutive year

MGM China presented another year of support to Macau Tung Sin Tong Charitable Society’s annual fundraising campaign with a donation of MOP700,000 ($87,000)

Oktoberfest Macau at MGM 2023 kicks off on Thursday

The annual flagship brand IP event of MGM Oktoberfest Macau at MGM 2023 kicks off today, Tursday at MGM COTAI, rocking the town with a 12-day authentic German bierfest!

International Lion Dance Championship – “MGM Cup” sets off this October

MGM has established the brand sports event of the MGM Lion Dance Championship since 2010. Commencing its 10th edition, the competition returns this October and will be promoted to “International Lion Dance Championship – MGM Cup”. Top-notch troupes from over 10 countries and regions will compete fiercely in Macau, delivering an astounding international-level sports competition at Barra Square in front of A-Ma Temple.

MGM named “Role Model of Sustainability” & “Outstanding Employer” at the 12th CFS

MGM has been dedicated to aligning with the Nation’s "Dual Carbon" strategy. The Company has assumed a pioneering role in driving the high-quality development of low-carbon hotels in the Greater Bay Area (GBA), integrating environmental responsibilities and climate actions into every aspect of its business operations and corporate culture.

MGM China hosts 10th business matching session to help SMEs

MGM China said it collaborated with Macao Chamber of Commerce (MCC) and 12 local youth associations to co-organize “MGM SME Business Matching - Young Entrepreneur Session”, with the support of the Economic and Technological Development Bureau (DSEDT), Macao Trade and Investment Promotion Institute (IPIM) and Macau Productivity and Technology Transfer Center (CPTTM).

MGM China reports 25 percent drop in GGR for 1Q22

First-quarter market-wide GGR was down by 25% year-over-year to MOP17.8 billion while daily GGR was at 25% of 2019 fourth-quarter pre-pandemic level, MGM China Holdings Limited announced in a filing for the first quarter of 2022.