Good Morning. In the Macau jungle, the lion does not sleep tonight. MGM China again gave competitors a run for their money in the fourth quarter, with its MGM Cotai property delivering $785 million in revenue and boasting a 55 percent increase in adjusted EBITDA. Macau peninsula growth remained slow, but contributed well to the 23 percent rise in the group’s casino revenue. Also in Macau, junket operations are still a thing, with a slight uptick in licensed operators from last year, but far below the total quota. And in the Philippines, Hann Online has debuted after a rapid-fire development and deployment period entrusted to PhilWeb.
What you need to know
- MGM Cotai brought in $785 million in revenue in 4Q25, with adjusted EBITDA rising by 55 percent yearly, boosting Macau results.
- PhilWeb debuts Hann Online platform in partnership with Hann Casino – designed, built and deployed within just two weeks.
- The number of licensed gaming promoters (junkets) in Macau increased slightly this year but falls far short of the allowed total.
On the radar
- Macau’s Grand Emperor Hotel sells gold bricks in lobby for $11.55M.
- MGM China 4Q25 results surpass projections: Jefferies.
- Macau gaming regulator: foreign-player revenue subject to daily checks.
- Macau records over 2,300 gaming crime cases in 2025, up 62.6%.
- Macau airport forecasts passenger rebound after 1.6% decline in 2025.
- Interblock searches for new CEO after John Connelly resigns.
AGB Intelligence
RESULTS
MGM Cotai sees 55% EBITDA increase in 4Q25
The lion roared in MGM Cotai in the fourth quarter, with MGM China seeing its jewelry box-shaped property deliver a 55 percent yearly increase in adjusted EBITDA, boosted by $785 million in revenue. MGM’s casino revenue from the gaming hub rose by 23 percent in the quarter, to $1.08 billion, despite slower growth from the peninsula.
Industry Updates
- Wynn Resorts earns 18th straight spot on FORTUNE’s Most Admired list.
- TxODDS forecasts nearly $4 billion in Super Bowl LX betting activity.
- Sportradar and Betfred extend partnership to reinforce retail betting strategy.
Written by
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.
More from AGBrief Editorial →
