{"id":586,"date":"2019-11-01T01:24:49","date_gmt":"2019-11-01T01:24:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=586"},"modified":"2026-04-24T10:12:17","modified_gmt":"2026-04-24T13:12:17","slug":"mgm-cotai-rise-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-cotai-rise-casino","title":{"rendered":"MGM Cotai on the rise"},"content":{"rendered":"\n

MGM China presented its third quarter results on a report released on Thursday, showing positive results and continued growth of MGM Cotai.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- MGM China Holdings Limited <\/strong><\/em>announced today their official report of financial data of the Company for the third quarter of 2019.<\/p>\n\n\n\n

During the third quarter, MGM China saw adjusted EBITDA up 39% year-on-year to approximately \u20ac172 million. With a total revenue grew by 22% to approximately \u20ac665,2 million. With an overall occupancy reached 93.7% when comparing to 92.0% last year.<\/p>\n\n\n\n

MGM China’s GGR was up by 25%\nand gained market share to approximately 9.9% in the third quarter from 7.9%\nlast year.<\/p>\n\n\n\n

The overall results for the Group during this period came mainly from: main floor table games win increased 47% year-on-year to approximately \u20ac447,3 million; slot win was up 3% to \u20ac65,6 million; and VIP table games win was up 4% to \u20ac286,7 million.<\/p>\n\n\n\n

Furthermore, its subsidiary, MGM Cotai also continues to grow. With approximately 1 year and 9 months of operations (opened in February 2018), it recorded growth across all business segments. <\/p>\n\n\n\n

Adjusted EBITDA was up 433% to \u20ac79,5 million; their main\nfloor table games win was up 84% year-on-year to approximately \u20ac217,9 million; slot win was up\n56% to \u20ac31,7 million; and VIP table games win was up 1723% to approximately\n\u20ac137,7 million.<\/p>\n\n\n\n

MGM China, CEO and Executive Director, Grant Bowie said they are hopeful and \u201cencouraged to see profit at MGM Cotai reaching new high. MGM Cotai continues to ramp-up<\/em><\/strong><\/a> with solid sequential growth amid market uncertainties.\u201d <\/p>\n\n\n\n

He continued highlighting their commitment to “embrace the growth opportunities in the market while constantly evaluate our strategies, gaming as well as non-gaming offerings to offer unique MGM experiences, supporting our government’s vision to develop Macau as the World Center of Tourism and Leisure.”<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM China presented its third quarter results on a report released on Thursday, showing positive results and continued growth of MGM Cotai.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China Holdings Limited reported robust Q3 2019 financial results, with adjusted EBITDA up 39% and GGR increasing 25%, leading to a market share gain to 9.9%. The strong performance was significantly driven by its subsidiary, MGM Cotai, which demonstrated substantial growth across all segments, including a 433% rise in adjusted EBITDA and a 1723% increase in VIP table games win, despite broader market uncertainties. The company remains committed to strategic evaluation and supporting Macau's tourism development.","focusai_entities":"MGM China Holdings Limited, MGM Cotai, Grant Bowie","focusai_location":"Hong Kong, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Cotai Ramp-Up Sustainability?","query":"Given the exceptional growth rates at MGM Cotai, particularly the 1723% increase in VIP table games win, what specific operational or market factors are driving this acceleration, and what is the projected sustainability of this ramp-up amidst broader market uncertainties?"},{"label":"Market Share Strategy?","query":"With MGM China's GGR market share increasing from 7.9% to 9.9%, what specific competitive strategies, including gaming and non-gaming offerings, are being deployed to capture and retain this enhanced market position in Macau?"}],"footnotes":""},"categories":[160,28,16338,163],"tags":[29,1619,1616,1618],"class_list":["post-586","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-finance-news","tag-casino","tag-hong-kong","tag-mgm","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=586"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/586\/revisions"}],"predecessor-version":[{"id":777022175,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/586\/revisions\/777022175"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}