10/31/22 MGM Cotai sealed off due to Covid-19 case Hotel employees and guests will remain isolated on-site until tomorrow.
09/09/22 MGM China posts net loss of US$306m for H1 Net revenues declined 33.4 per cent year-on-year from HK$4.13bn ($527m) to HK$2.75bn ($351m).
08/22/22 Pansy Ho to remain as the managing director of MGM Grand Paradise To comply with Macau’s amended gaming law, Ho’s stake in MGM Grand Paradise will increase from 10 per cent to 15 per cent.
08/04/22 MGM China posts EBITDA loss of US$48.7m for Q2 MGM China has reported a negative EBITDA compared to a positive HK$45.7m in the first quarter.
07/12/22 MGM CEO says Macau will “forever” be world’s largest gaming market Bill Hornbuckle is confident that Macau will continue to be the largest single-jurisdiction casino gaming market in the world.
06/28/22 MGM China renews branding agreement with MGM Resorts International MGM China Holdings has entered into a second renewed branding agreement to continue using the MGM brands.
05/12/22 30% of MGM China’s total procurement spending goes to local SMEs MGM China highlighted its support for local businesses at a joint SME business matching with the Macao Chamber of Commerce.
05/03/22 MGM China revenue down 8.9% in Q1 MGM China has shared its financial results for the first quarter of the year, reporting a fall in revenue to HKD2.09bn.
04/14/22 MGM China confirms payment for six-month licence extension in Macau The company has revealed in its annual report for 2021 that it paid MOP47m (US$6m) for the six-month extension of its current concession.
02/28/22 MGM China confirms end to agreements with junket promoters The casino operator has confirmed that it too ended agreements with its primary VIP gaming promoters in December 2021.
02/10/22 MGM China mass-market gaming tables reached 85% of pre-pandemic levels in CNY MGM China Holdings has reported that its table drop in the mass-market segment reached 85 per cent of pre-pandemic levels during the Chinese New Year holiday period.
02/10/22 MGM China net revenue up 84% in 2021 MGM China has revealed its financial results for the year 2021, reporting a growth in net revenues of HKD9.41bn (US$1.2bn).
12/22/21 MGM to pay one-off bonus to non-management staff MGM China has revealed it will pay a one-time bonus to eligible non-management employees, which represent 95 per cent of its staff.
11/04/21 MGM CEO optimistic about Macau casino licence renewal Bill Hornbuckle, MGM president and CEO, has said he is “highly confident” that MGM China’s gaming concession will be renewed.
