{"id":7211,"date":"2020-06-11T20:18:57","date_gmt":"2020-06-11T20:18:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7211"},"modified":"2026-04-24T04:31:51","modified_gmt":"2026-04-24T07:31:51","slug":"mgm-china-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-revenue","title":{"rendered":"Expenses more than double revenue at MGM China"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">MGM&#8217;s latest figures show operating revenue of HKD122.5 million in April.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- <strong><em>MGM China<\/em><\/strong> reported operating revenue of HKD122.5 million in April, and expenses of HKD346.1 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Expenses including cash operating expenses, rent, interest, variable gaming taxes and expected capital expenditures more than doubled operating revenue for the month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The group\u2019s operating revenues and qdjusted EBITDA in the first three months of 2019 fell by 63.3 per cent and 107.6 per cent respectively year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MGM China, which operates MGM Macau and MGM Cotai, has taken measures to reduce expenses, and has also proposed issuing US-denominated senior notes due in 2025 to professional investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With this move the company intends to repay a portion of the amount outstanding under its existing revolving credit facility, GGRAsia reported.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recently the operator approved <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-casino-shareholders\">payment of a final dividend<\/a><\/em><\/strong> of HKD0.083 per share (US$0.01) to shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM&#8217;s latest figures show operating revenue of HKD122.5 million in April.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China reported April operating revenue of HKD122.5 million, significantly outpaced by HKD346.1 million in expenses, alongside a Q1 2019 decline of 63.3% in operating revenues and 107.6% in Adjusted EBITDA year-on-year. The operator is implementing expense reduction measures and proposing a US-denominated senior notes issuance to professional investors to refinance its revolving credit facility, while also approving a final dividend payment.","focusai_entities":"MGM China, MGM Macau, MGM Cotai, GGRAsia","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MGM China Debt Strategy","query":"What are the specific terms and expected yield of MGM China's proposed US-denominated senior notes, and how will this refinancing impact its weighted average cost of capital and debt maturity profile?"},{"label":"Macau Market Outlook","query":"Given MGM China's significant Q1 2019 revenue and EBITDA declines, what are the broader implications for Macau's GGR trajectory and the operational viability of other concessionaires in the current market environment?"}],"footnotes":""},"categories":[16338,163,158],"tags":[257,1618,2054],"class_list":["post-7211","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau","tag-mgm-china","tag-revenue"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7211","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7211"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7211\/revisions"}],"predecessor-version":[{"id":777008741,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7211\/revisions\/777008741"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}