Good Morning. The lion has got its bite back. MGM China is shining again, with analysts at Citigroup noting that the group has exceeded pre-pandemic figures. Second quarter results see the group gaining market share and smashing EBITDA targets, which bodes well as it moves into the summer season. Elsewhere, Macau authorities call for increases to gaming salaries and Universal continues its spat with 26 Capital.
What you need to know
- MGM China sales team expansion demonstrates confidence in the Macau market, as its revenues exceed pre-pandemic levels: Citigroup.
On the radar
- Macau lawmaker calls for a salary increase for gaming employees.
- Jeju Dream Tower July casino revenue doubles, topping $15.5mln.
- Universal points finger at SPAC in Okada Manila dispute.
AGB Intelligence
MACAU
Analysts confident as MGM China exceeds expectations
MGM China has broken even its records from 2019, with the second quarter showing a strong return of the lion to Macau. Now it remains to be seen how much of the pent-up demand the group can leverage going forward, with high hopes for the summer season.
Industry Updates
- Realistic Games sharpens its blades in action-packed ninja epic Shinobi Moon.
- Kalamba Games offers progressive thrills in Wilds From The Crypt.
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