Good morning. A disrupted June is making way for two very different summer stories. MGM China’s adjusted EBITDA fell 7.4 percent in 2Q26 as VIP turnover weakened, but management says pent-up demand has since lifted visitation and normalized GGR above first-quarter levels. The company is counting on an investment package that combines upgraded products, services, innovation, and promotions to protect yield and market share. Genting Malaysia faces a tougher hand, with Maybank warning of a possible core loss after the World Cup and Middle East conflict weighed on Malaysia and the UK, despite encouraging growth in New York.

What you need to know

MGM China’s 2Q26 revenue remained broadly flat, but an 18% drop in VIP turnover contributed to a 7% decline in adjusted EBITDA.
MGM China says pent-up demand lifted July visitation and normalized GGR above 1Q26 levels, supporting a busy summer outlook.
Maybank warns Genting Malaysia could post a 2Q26 core loss, while strong New York table gaming supports its longer-term recovery.

On the radar

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AGB Intelligence

RESULTS

MGM China EBITDA falls 7% amid weaker VIP casino play in 2Q26

MGM China’s 2Q26 adjusted EBITDA declined 7.4 percent year-on-year to $298 million, with the decrease concentrated at MGM Macau. VIP turnover fell 18.3 percent and main-floor table drop declined 6.2 percent, although higher hold lifted main-floor gross win by 2 percent. Slot operations were stronger, with gross win rising 19.4 percent. Management said Macau business had recovered strongly foll o wing a World Cup-related slowdown in June.

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daily ebrief

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 →