MGM China on Thursday declared an interim dividend of HK$0.313 per share for the period ended on 30 June 2025, amounting to a total payout of HK$1.19 billion (US$152 million) and living up to its recently updated dividend policy by accounting for 49.9% of profit attributable to owners of the company.
As reported by Inside Asian Gaming, MGM China in March revealed that its new dividend policy would allow it to pay a regular dividend of up to 50% payout, plus special dividends if any – enhanced from its previous policy of a regular dividend up to 35%.
The 1H25 interim dividend comes with MGM China having reported Thursday a profit attributable to owners of the company of HK$2.38 billion (US$304 million), down 11.3% year-on-year due to higher operating costs and expenses and net foreign currency loss attributable to US dollar denominated senior notes.
The company also revealed an all-time high of HK$16.7 billion (US$2.13 billion) in operating revenue in 1H25, up 2.7% year-on-year, including HK$14.6 billion (US$1.86 billion) in casino revenue, generating Adjusted EBITDA of HK$4.88 billion (US$622 million) – very slightly down versus the same period in 2024.
Overall Macau gaming market share of 16.2% compared to 16.5% for the six months of 2024 and 15.8% for the year ended 31 December 2024.
MGM China said it recorded a 2.1% increase in main floor gross table games win to HK$15.1 billion (US$1.92 billion) for the period, aided by a 2.6% improvement in drop amount, while VIP gross table games win grew by 2.7% to HK$2.44 billion (US$311 million) thanks to a higher win rate and despite lower volumes.
Slot machine gross win slightly decreased by 0.9% to HK$1.09 billion (US$139 million) on lower hold.
MGM China’s parent company, MGM Resorts, released its financial results for 1H25 and 2Q25 last week.
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