• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 6 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

MGM China revenue up, profit down in 4Q24

Ben Blaschke by Ben Blaschke
Thu 13 Feb 2025 at 05:45
Hornbuckle pushes back against criticism of MGM China’s “crazy” promotional activity

MGM Cotai

33
SHARES
833
VIEWS
Print Friendly, PDF & Email

MGM China reported total revenue of HK$7.92 billion (US$990 million) for the three months to 31 December 2024, up 3.2% year-on-year due to an increase in casino revenues from favorable hold.

However, Adjusted EBITDA of HK$2.13 billion (US$266 million) was down 2.9% year-on-year.

According to information published early Thursday morning (Asia time) by parent MGM Resorts International, the 4Q24 performance was highlighted by a strong recovery at peninsula property MGM Macau, where total revenue grew by 9.4% to HK$3.34 billion (US$417.6 million) and Adjusted EBITDA by 10.4% to HK$910.6 million (US$113.8 million).

MGM Cotai saw total revenue fall by 1.0% to HK$4.58 billion (US$572.4 million) and Adjusted EBITDA by 11.0% to HK$1.22 billion (US$152.0 million).

Compared to the September 2024 quarter, MGM China’s total revenues in 4Q24 were up 9.2% while Adjusted EBITDA grew by 7.6%.

For FY24, MGM China’s total revenue grew by 27.2% to HK$31.4 billion (US$3.92 billion) while Adjusted EBITDA was up by 25.2% to HK$9.06 billion (US$1.13 billion).

Group-wide, MGM Resorts reported net revenues of US$4.3 billion, down 1% year-on-year, with net income down 50% to US$157 million and Consolidated Adjusted EBITDA down by 16% to US$528 million.

RelatedPosts

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

Fri 6 Jun 2025 at 12:55
A spirit of social responsibility

Francis Lui: Galaxy to consider major renovation of Broadway Macau

Thu 5 Jun 2025 at 12:10
Score Gaming: G2E Asia exhibitor presence and media campaign drives post-show momentum

Score Gaming: G2E Asia exhibitor presence and media campaign drives post-show momentum

Thu 5 Jun 2025 at 09:44
Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

Macau government lowers 2025 GGR forecast to US$28 billion

Tue 3 Jun 2025 at 16:06
Load More
Tags: 2024adjusted ebitdacasinoMacauMGM ChinaMGM CotaiMGM Macaurevenue
Share13Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

Chief Gaming Officer Damian Quayle to depart SJM, take up role as COO of Manila’s Solaire Resort North

by Ben Blaschke
Fri 6 Jun 2025 at 12:55

Macau’s SJM Resorts has announced the impending departure of its Chief Gaming Officer, Damian Quayle, who has resigned from the role. Inside Asian Gaming understands that Quayle, whose final day with SJM will be on 20 June, has accepted a...

Australia’s Crown sells London casino to Wynn Resorts

Wynn completes purchase of former Crown London casino, now called Wynn Mayfair

by Newsdesk
Fri 6 Jun 2025 at 06:56

US casino giant Wynn Resorts Ltd said overnight that it has completed the purchase of Crown London, formerly Aspinall’s, from Australia’s Crown Resorts. The casino will now be known as Wynn Mayfair. First announced in early January, the acquisition of...

SkyCity to file US$200 million claim against developer for long delays in completion of Auckland convention centre

SkyCity to file US$200 million claim against developer for long delays in completion of Auckland convention centre

by Newsdesk
Fri 6 Jun 2025 at 06:41

New Zealand’s SkyCity Entertainment Group Limited will file legal proceedings against the developers of its New Zealand International Convention Centre (NZICC) seeking NZ$330 million (US$200 million) damages for losses arising from delays to completion of the project. The company noted...

IGT, Scientific Games help boost AGEM Index in December

AGEM Index holds steady in May despite mixed results from gaming suppliers

by Newsdesk
Thu 5 Jun 2025 at 20:35

The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 0.1% month-on-month or 1.11 points to 1,741.18 points in May, with Aristocrat and Konami seeing the largest negative contributions. The index was however...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English