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MGM China is forecast to report an adjusted EBITDA of HK$2 billion (US$250 million) for Q4 2024, a 5% increase from Q3, driven by a 7% rise in gross gaming revenue (GGR) to HK$8.5 billion (US$1.1 billion). Analysts credit robust performance in the VIP segment and market share growth to 15.8%. Despite higher operating costs from investments like the Poly MGM Museum and Macau 2049 show, the company’s property EBITDA is projected at HK$2.1 billion. With a strong focus on premium mass customers and non-gaming attractions, MGM China is positioned to remain competitive in Macau’s evolving gaming market.
Source: https://news.worldcasinodirectory.c...n-q4-2024-outperforming-macau-industry-116826
Source: https://news.worldcasinodirectory.c...n-q4-2024-outperforming-macau-industry-116826