MGM CHINA's adjusted EBITDA rose by over 10% year-on-year to HKD 10.005 billion last year, setting a new record

MGM China (02282.HK) announced that its controlling shareholder, MGM Resorts International, reported a total revenue growth of 10.8% year-on-year to HKD 34.787 billion for the full year ending last December, according to International Financial Reporting Standards. Revenue from MGM Macau increased by 2.1% to HKD 13.408 billion, while revenue from MGM Cotai rose by 17.1% to HKD 21.379 billion. Adjusted EBITDA increased by 10.4% to a record high of HKD 10.005 billion. The adjusted EBITDA profit margin remained at 28.8%, projected to be 28.9% in 2024, reflecting a business focus on the mass market while maintaining operational efficiency.

MGM China recorded growth across multiple business segments last year, reaching new highs. Property visitor numbers increased by 14% year-on-year. Daily gross gaming revenue rose by 11%. Net income grew by 11% year-on-year to HKD 34.8 billion for 2025. MGM China's market share further climbed from 15.8% in 2024 to a new high of 16.1%. MGM Cotai's market share was 10.1%, while MGM Macau's was 6%.

As of the end of last December, the group's total current assets amounted to approximately HKD 24 billion, including bank balances and cash, as well as available borrowing under revolving credit facilities.

In the fourth quarter alone, MGM China's total revenue grew by 21.4% year-on-year to HKD 9.617 billion; adjusted EBITDA rose by 29.5% to HKD 2.753 billion.

MGM China's CEO, Feng Xiaofeng, stated that MGM China is committed to creating unique and high-quality experiences for guests and actively responding to the Macau government's vision of developing Macau into an international diversified tourism destination. With the increasing variety of non-gaming entertainment activities in Macau, it is believed that more travelers will visit Macau, thereby promoting the long-term sustainable development of the region