{"id":777000892,"date":"2022-12-09T13:18:05","date_gmt":"2022-12-09T16:18:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777000892"},"modified":"2026-04-23T02:10:52","modified_gmt":"2026-04-23T05:10:52","slug":"mgm-china-enters-into-new-trademark-agreement-with-mgm-resorts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-enters-into-new-trademark-agreement-with-mgm-resorts","title":{"rendered":"MGM China enters into new trademark agreement with MGM Resorts"},"content":{"rendered":"\n

MGM China Holdings Ltd will pay US$173.2m over the next three years.<\/p>\n\n\n\n\n\n\n\n

Macau.- MGM China Holdings Ltd <\/strong>has reported that it has entered into an agreement with its US parent company MGM Resorts International<\/strong> to continue using MGM trademarks. It will pay up to US$173.2m over three years from January 1 2023 until December 31 2025.<\/p>\n\n\n\n

The firm said it had been granted the licence to use \u201cMGM\u201d, \u201cMGM Grand\u201d, \u201cMGM Grand Macau\u201d and the MGM lion and other \u201cMGM-related service marks, trademarks, registrations and domain names\u201d owned by MGM Resorts and its subsidiaries.<\/p>\n\n\n\n

According to the company filing, MGM China has agreed to pay monthly licence fees calculated at 1.75 per cent<\/strong> of its consolidated gross monthly revenues, subject to an annual cap of US$55.6m for 2023, US$57.6m for 2024 and US$60.0m for 2025. The fees will be paid by the 15th day of each following month.<\/p>\n\n\n\n

MGM China will also pay up to HKD65m in 2023 for marketing services<\/strong>, rising to a maximum of HKD75m for 2024, and HKD85m for 2025.<\/p>\n\n\n\n

MGM China has recently secured a new 10-year gaming licence<\/a> in Macau. Andre Cheong Weng Chun<\/strong>, chairman of the tender committee and Secretary of Administration and Justice, said that MGM China\u2019s proposal received the highest score in the licence tender.<\/p>\n\n\n\n

MGM Grand Paradise Ltd stated: \u201cWe fully devote to the Macao SAR. We will continue to develop the city with our strengths and contribute to the non-gaming industry, meanwhile making vigorous efforts in expanding the tourist markets from foreign countries.<\/p>\n\n\n\n

\u201cMGM Grand Paradise will continue to work with all sectors of the society <\/strong>to a new chapter in the development of tourism, leisure, and entertainment and create a milestone of \u2018Integrated Tourism in Asia\u2019.\u201d<\/p>\n\n\n\n

See also:<\/strong> MGM Resorts to issue loan of up to US$750m to MGM China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MGM China Holdings Ltd will pay US$173.2m over the next three years.<\/p>\n","protected":false},"author":176,"featured_media":17968,"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 Holdings Ltd has finalized a three-year agreement with its US parent, MGM Resorts International, for the continued use of MGM trademarks, incurring fees up to US$173.2 million. This licensing arrangement, which includes monthly payments based on gross monthly revenues and additional marketing service fees, follows MGM China's successful securing of a new 10-year gaming concession in Macau. The deal underscores the ongoing operational and brand synergy within the MGM group as MGM China commits to Macau's integrated tourism development.","focusai_entities":"MGM China Holdings Ltd, MGM Resorts International, MGM Grand Paradise Ltd, Andre Cheong Weng Chun","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.85), operator_casino (0.9), marketing_crm (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Trademark Fee Impact","query":"How will the 1.75% GMR-based trademark licensing fee, subject to annual caps, impact MGM China's net profit margins and EBITDA projections over the next three fiscal years, particularly given the Macau market's recovery trajectory?"},{"label":"Governance & Transfer Pricing","query":"What governance frameworks and independent valuations were utilized to ensure the trademark licensing and marketing service fees between MGM China and MGM Resorts International comply with arm's length principles and regulatory scrutiny in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[1618,16615],"class_list":["post-777000892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mgm-china","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000892","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777000892"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000892\/revisions"}],"predecessor-version":[{"id":777000923,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000892\/revisions\/777000923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17968"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}