MGM China Plans Expansion of MGM Cotai with New Hotel Rooms and Wellness Services

MGM China Holdings Ltd, a majority-owned subsidiary of MGM Resorts International and the Macau-based casino operator, is actively pursuing expansion plans for its flagship property, MGM Cotai. The company has b...

MGM Resorts Celebrates Record-Breaking $4.83 Billion Revenue in Q1 of 2024

MGM Resorts International has reached unprecedented success, with record-breaking revenue reported in the first quarter of 2024. The company’s Las Vegas property delivered exceptional results, while its casino ...

World Poker Tour Plans to Bring the Tournament Back to Macau in 2024

The World Poker Tour (WPT), an international gaming and entertainment TV attraction, is looking to include Asian gambling hub Macau in its schedule of poker tournaments for the forthcoming period. The brand’s C...

Macau Gaming Shares Are Trading at Their Lowest Levels In December Since Prior To January 8 Reopening

Industry analysts stay puzzled by the descending trajectory of gaming shares in Macau, which this month, or December, officially fell to their worst levels so far in 2023. In addition, neither the income nor th...

MGM China Hits $226 Million Record EBITDA; Exceeds 2019 Levels in Booming Macau Gambling Market

Macau gambling industry seems to have closed the page where pandemic impacted the business.? Eleven months after the January 8, 2023 re-opening of the casino facilities, the stakeholders are no longer referring...
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MGM China Invests MOP$15 Billion in New MICE and Arts Spaces in Macau and Cotai

MGM Macau and MGM Cotai, MGM China’s Macau resorts, are getting the new MICE and art space. MGM China is owned by the global industry giant MGM Resorts International, which is based in the U.S. An advanced, ...

Morgan Stanley: Macau Earnings to Reach 69% of 2019 Levels in Q2 2023

As Inside Asian Gaming (IAG) reports, banking group Morgan Stanley expects that the earnings before interest, tax, depreciation, and amortization (EBITDA) of the Macau industry will reach US$1.6 billion in the ...

MGM Resort International Generated $3.9 Billion Revenue in First Quarter of 2023

MGM Resorts International, the Las Vegas-based global gaming and entertainment giant, today reported financial results for the first quarter of 2023. The company generated $3.9 billion in net revenues by March ...