Casino revenue for MGM China increased significantly in the fourth quarter of last year, with a 23 percent yearly rise to $1.08 billion, as its Cotai property roared.
According to results released early on Friday (HK time), total revenue from MGM Cotai hit nearly HK$6.14 billion ($785.83 million) – up by 34.06 percent yearly, boosting adjusted EBITDA at the property to HK$1.88 billion ($241.11 million) – a 55.03 percent increase from 4Q24.
The group’s peninsula property saw slower growth, with MGM Macau revenue up by just 4.1 percent yearly to nearly HK$3.48 billion ($445.11 million), and adjusted EBITDA hitting HK$868 million ($111.1 million), a yearly decrease of 4.68 percent.
Total revenue for the MGM China topped HK$9.61 billion ($1.23 billion) during the quarter, up 21.42 percent yearly, while property EBITDA was up 29.46 percent yearly, to HK$2.75 billion ($352.2 million).
During the quarter, the main floor table games drop for the group was up 13 percent yearly, to $4.05 billion, while main floor win was up 20 percent to $1.1 billion.
Cotai
While VIP table games turnover was down slightly year-on-year, to HK$22.83 billion ($2.92 billion), VIP gross table games win increased by 58.39 percent yearly, to HK$1.1 billion ($141.8 million), with an average daily gross win per VIP gaming table of HK$241,000 ($30,800), up 60.77 percent yearly.
Main floor table games drop was up 27.84 percent yearly, to HK$17.49 billion ($2.23 billion), with a win of HK$5.25 billion ($672.14 million), a yearly increase of 28.62 percent and main floor tables seeing HK$163,300 ($20,900) in average daily gross win, a rise of 30.64 percent.
Slots also held their own during the quarter, with HK$10.19 billion ($1.3 billion) in handle, up 22.82 percent, and a gross win of HK$411.61 million ($52.68 million) and an average daily win per slot of HK$4,500 ($576).
During the quarter, the property operated 405 tables and 1,001 slot machines and had 94 percent hotel room occupancy.
Macau
Main floor table games drop at the peninsula property failed to impress, with just a 1.58 percent yearly increase to HK$14.02 billion ($1.79 billion), while the win rose to HK$3.31 billion ($423.86 million), up by 8.39 percent yearly. Average daily win per table was HK$112,400 ($14,380), up 61.3 percent.
VIP table games turnover, however, was up by 41.12 percent at the property, hitting HK$7.8 billion ($999 million), even though win fell by 11.08 percent yearly to HK$217.45 million ($27.83 million), and average daily win per table was down to HK$107,200 ($13,720) – a fall of 9.23 percent.
The slot handle at the Macau property fell slightly, to HK$7.8 billion ($998.5 million), with a yearly drop in gross win to HK$241.39 million ($30.9 million) and an average daily win of HK$2,600 ($332) per slot – down 21.2 percent yearly.
During the quarter, MGM Macau operated 345 tables and 1,044 slot machines and had 92.8 percent hotel room occupancy.
