Sunday, October 13, 2024

Search Results

MGM China market share declines in 3Q24, GGR below expectations: Deutsche Bank

Macau gaming operator MGM China's market share dropped during the third quarter of 2024, with the company's performance falling short of expectations, according to Deutsche Bank.

MGM China declares special dividend of $172 million

Macau gaming operator MGM China has announced a special dividend payment of HK$0.353 per share to its shareholders.

MGM China to be in charge of any possible future Thailand project: CEO

MGM Resorts International underscored substantial growth and strategic developments in the Asian market, with the group's CEO, William Hornbuckle, revealing he will travel to Thailand next month to assess its market potential.

MGM China sees 2Q24 property EBITDA record, revenue tops $1B

Macau gaming operator MGM China has reported a record second quarter adjusted property EBITDAR of $312.72 million, a quarterly record and a yearly rise of 39.8 percent.

MGM China lists $500 million in senior notes

Macau gaming operator MGM China listed $500 million of 7.125 percent senior notes due 2031 on Thursday, June 27th.

MGM China to issue $500M in new debt financing: Moody’s

MGM China, a majority-owned subsidiary of MGM Resorts International, will issue $500 million in new senior unsecured notes, rating agency Moody's Ratings stated.

Daily Asia Gaming eBrief: MGM China breaking records again in the first quarter

The lion continues to roar. MGM China posted record-breaking results again for the first quarter, showing how the group is clawing out even more market share and truly leveraging its Cotai Strip property for maximum gain, particularly from the mass segment.

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.

High indebtedness could pose future repayment challenges: MGM China

MGM China has warned in a recent report that its 'high indebtedness' could 'pose challenges' for the operator to meet its obligations regarding unsecured notes.

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.