Macau gaming operator MGM China has reported an ‘all-time record segment adjusted EBITDAR and market share of 16.6 percent’ in the second quarter of this year.
According to the group’s most recent financial results, released on Thursday, total adjusted EBITDA hit some HK$2.51 billion ($319.77 million), up by 2.78 percent yearly. Revenue, meanwhile, rose by some 8.9 percent yearly, to HK$8.67 billion ($1.1 billion).
This was boosted by strong performance at the group’s Cotai property, which saw revenue rise to HK$5.28 billion ($672.66 million), up by 12.43 percent yearly, helping boost its adjusted EBITDA to HK$1.53 billion ($194.9 million), a rise of 5.25 percent yearly.
Looking to its peninsula property – MGM Macau, results were not as heady, with revenue rising by just 3.78 percent yearly, as EBITDA fell by nearly a percentage point year-on-year to HK$975.66 million ($124.3 million).
This came in part from a massive shrink in VIP table games turnover, which dropped to HK$5.39 billion ($686.7 million) during the quarter, from HK$8.31 billion ($1.06 billion) in 2Q24. Main floor drop at the property remained solid, however, totaling HK$14.93 billion ($1.9 billion), up from HK$14.33 billion ($1.83 billion) in the same quarter of last year.
The slot machine handle for the property was largely unchanged year-on-year, topping out at HK$7.37 billion ($938.9 million).
Looking to Cotai, main floor table games drop at MGM Cotai was up by some 8.97 percent, topping out at HK$17.05 billion ($2.17 billion), while VIP table games turnover saw a stark increase of 38.56 percent yearly, hitting nearly HK$32.73 billion ($4.17 billion).
Slots at the property also saw a strong quarter, reaching HK$8.08 billion ($1.03 billion) in revenue, up by some 20.4 percent yearly.
Looking at the two properties, the Macau peninsula saw hotel occupancy of some 94.9 percent, while that in Cotai reached just 94.4 percent.
Currently MGM China operates 415 tables and 989 slot machines in Cotai, with 335 tables and 985 slot machines in its Macau property.
The group notes that the results were ‘driven by an increase in main floor table games drop compared to the prior year quarter as well as a rise in VIP table games win percentage’.
MGM China’s casino revenue increased by some 10 percent yearly during 2Q25, hitting HK$977 million ($124.47 million).
