MGM China revenues stable at US$1.1 billion in 2Q26 as higher branding fee impacts margins
4 Articles
4 Articles
MGM China declared a 7.4% decrease in its profits in the 2nd quarter, justifying itself with a break in the bets on VIP table games and non-VIP table games at its casinos in Macau and Cotai.
MGM China revenues stable at US$1.1 billion in 2Q26 as higher branding fee impacts margins
Macau concessionaire MGM China reported relatively flat revenues in the three months to 30 June 2026, with total revenue of HK$8.63 billion (US$1.10 billion) representing a 0.5% year-on-year decrease and 1.7% lower than the March quarter. However, total Adjusted EBITDA fell by 7.4% year-on-year and 5.4% sequentially to HK$2.33 billion (US$297 million) with the company highlighting a margin decline from 27.1% in 2Q25 to 23.3% in 2Q26. This, Insid…
MGM China's gaming operator today announced a 7.4% decrease in counterpart net operating profits between April and June 2026, to 2.33 billion Hong Kong dollars (259 million euros).
MGM China takes 7% EBITDA hit in 2Q26 on weak VIP play
A disrupted June is making way for two very different summer stories. MGM China’s adjusted EBITDA fell 7.4 percent in 2Q26 as VIP turnover weakened, but management says pent-up demand has since lifted visitation and normalized GGR above first-quarter levels. The company is counting on an investment package that combines upgraded products, services, innovation, and promotions to protect yield and market share. Genting Malaysia faces a tougher han…
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