Friday, March 29, 2024

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MGM gained the most market share in January

MGM China has gained the most market share in January, with its casino share increasing from 17.5 percent in December 2023 to 20 percent in January 2024, according to UBS.

MGM China outperformed highest expectations and surpassing 2019 levels – Brokerages

MGM China results for the fourth quarter beat the highest expectations and surpassed even 2019 pre-pandemic levels, several analysts and brokerages stated.

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.

Deutsche Bank raises MGM China’s 4Q23 EBITDAR forecast to $254M

Analysts from Deutsche Bank raise MGM China’s 4Q23 EBITDAR forecast from the previous $231 million to $254 million due to the strong performance in the period.

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 staff set to enjoy salary increases up to 6.5%

MGM has announced pay rises for its team members effective from March 25, 2024.

MGM and Bruno Mars kick-starts 2024 in Macau

Macau embarked on the new year of 2024 with “24k magic in the air” as MGM hosted Bruno Mars and his “The One & Only Night” concert at MGM COTAI on January 6. The extraordinary evening on the rooftop terrace welcomed local residents and “Hooligans” flocked into the city from all over the world. MGM once again proudly presents a top-notch non-gaming experience, bringing in an entertainment and performing event to feature Macau as the “World Center of Tourism and Leisure”.

MGM China announces CNY one-month salary staff bonus

MGM China announced that a discretionary bonus, equivalent to one month’s salary, will be paid to eligible team members.

Play’n GO announces exclusive US launch of Piggy Blitz with BetMGM

Casino entertainment provider Play’n GO has announced the exclusive US release of the smash hit title Piggy Blitz with BetMGM. The flagship title, already available in other jurisdictions but launching in the US for the first time, will be a BetMGM exclusive to players in New Jersey and Michigan until January 18th, at which point it will be available to all operators in the region.

Diversification goal will not prevent casino revenue growth: MGM China Executive Director Pansy Ho

The planned investment by Macau gaming concessionaires in non-gaming elements will not prevent casino revenues from increasing in the future, the Chairperson and Executive Director of MGM China, Pansy Ho, commented recently.