Good Morning. Results season is again upon us. And for MGM China, the third quarter proved quite profitable. The group achieved record adjusted EBITDAR, boosted by increased table games drop, with both of its Macau properties increasing their revenue, despite different mixes between mass and VIP from each. Looking at Singapore, Marina Bay Sands has been fined for failing to protect customers’ personal data. And down under, Crown Resorts is overturning a new leaf, as it posted its first financial year profit in five years.
What you need to know
- MGM China sees record EBITDAR in 3Q25 and boosts market share, as main table games drop improves.
- Singapore authorities fined Marina Bay Sands some $243,096 for failing to protect the personal data of more than 665,000 patrons.
- Crown Resorts achieves its first financial year profit in five years, as it pays off loans and restructures finances.
On the radar
- Macau Legend delays rights issue as it plans capital reorganization.
- AGTech warns of wider first-half loss on Ant Bank consolidation, expenses.
- Macau airport with passenger volume decrease in 3Q25.
- Isle of Man strengthens AML oversight with new guidance.
- Former Muay Thai champion arrested over $2.7M online gambling ring.
AGB Intelligence
RESULTS
MGM China nets record 3Q25 EBITDAR, market share
Macau gaming operator MGM China saw record performance in 3Q25, both in adjusted EBITDAR and market share, boosted by strong table games drop during the quarter. MGM Cotai continued to outshine the peninsula property, with a strong boost in VIP play coupled with good mass tables results. MGM Macau saw less of an uptick, with VIP play falling yearly, but mass table play improving.
Corporate Spotlight
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