CLAIMS TO FAME
- Helped develop MGM’s high-end hotel management platform Diaoyutai State Guesthouse
- Has been central to MGM claiming a significantly enhanced stake of Macau market share post-COVID
As arguably MGM China’s most senior “man on the ground” on a day-to-day basis in Macau, Kenneth Feng has played a central role in elevating the company’s status – and more importantly its market share – among the six concessionaires.
Under his watch, MGM has been front and center of Macau’s player investment battle by rolling out a series of innovative initiatives that have kept their peers guessing while ensuring an increasingly competitive landscape in the post-COVID era.
But the results are undeniable. Once considered the smallest of Macau’s concessionaires with market share of below 10%, MGM has in recent years watched its share soar above 16% on the back of multiple record quarters – including an all-time record for Adjusted EBITDA of HK$2.51 billion (US$320 million) in 2Q25. A healthy dividend payout of HK$1.19 billion (US$152 million) announced soon afterwards was no doubt music to the ears of shareholders.
That Feng has taken a personal interest in elevating MGM China’s offering – which has included a comprehensive reimaging of its gaming floors plus improvements to its hotel and non-gaming amenities – should come as no surprise. He was, after all, also closely involved in the establishment of Diaoyutai MGM Hospitality Ltd, a joint venture between MGM Resorts International and Diaoyutai State Guesthouse – the Chinese Government’s highest standard service venue for hosting foreign heads of state visiting China.
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