MGM China Holdings (HKSE: 2282) beat analysts’ estimates in the fourth quarter with a 35% surge in earnings as its Macau casino drew more VIP and mass-market gamblers.
Adjusted EBITDA rose to US$238 million from $176 million a year earlier, surpassing the $230.7 million average of 10 analysts polled by Bloomberg.
The story was net revenue at MGM Macau, which increased 27% to $926 million. Turnover at its VIP tables rose 32% from a year earlier. Revenue increased 18% on the main floor.
The company announced it will pay a special dividend of HK$1.02 a share and a final dividend of 26 cents a share.
MGM China is 51% owned by Las Vegas-based MGM Resorts International.
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