International edition
September 21, 2021

But VIP shrinks

Macau: MGM H1 revenue increases 3%

Macau: MGM H1 revenue increases 3%
MGM China announced yesterday financial data for the quarter and half year ended June 30.
Macau | 07/28/2017

MGM China announced yesterday financial data for the quarter and half year ended June 30.

T

he company indicated that ‘during the six-month period, MGM China recorded total revenue of US$ 947.5 million, an increase of 3 per cent year-on-year.’ ‘Adjusted EBITDA was US$ 281.7 million, an increase of 11 per cent from last year, the firm said.’

‘Main floor table games win during the six-month period increased 7 per cent year-on-year and slot win increased 4 per cent. VIP table games win was down 5 per cent,’ the company said in a press release yesterday.

The company informed that ‘hotel rooms at MGM Macau achieved an occupancy rate of 95.4 per cent during the period with revenue per available room (REVPAR) of US$ 0.25.’

MGM said that around 80 per cent of profit was provided by the mass segment.

The firm also said that they ‘remain on track for a fourth quarter opening’ of MGM Cotai resort. Grant Bowie, Chief Executive Officer and Executive Director of MGM China said that the “US$ 3.32 billion integrated resort will bring the future of entertainment to Macau today. With innovation throughout every customer offering, we are certain that MGM COTAI supports Macau as a global tourism destination.”

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