{"id":777024342,"date":"2025-03-21T10:08:11","date_gmt":"2025-03-21T13:08:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024342"},"modified":"2026-04-22T00:36:08","modified_gmt":"2026-04-22T03:36:08","slug":"mgm-china-announces-cash-dividend","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-announces-cash-dividend","title":{"rendered":"MGM China announces cash dividend"},"content":{"rendered":"\n

MGM China will pay a final dividend of HK$0.251 (US$0.032) per share.<\/p>\n\n\n\n\n\n\n\n

Macau.- MGM China has announced\u00a0a cash dividend of HK$0.251 (US$0.032) per share for the year ending December 31, 2024. The total payout will amount to HK$953.8m (US$122.7m), representing 20.7 per cent of the group\u2019s profit for the year.<\/p>\n\n\n\n

The casino operator said the dividend will be payable on June 12 to shareholders registered as of June 3. The payout remains subject to shareholder approval.<\/p>\n\n\n\n

For full-year 2024, MGM China<\/a> posted\u00a0net revenue of HK$31.4bn (US$3.92bn), up 27.2 per cent from the HK$24.7bn (US$3.2bn) posted in 2023, and up 138 per cent when compared to 2019, before the Covid-19 pandemic.<\/p>\n\n\n

\n
\"MGM
MGM Cotai posted a net revenue of HK$4.58bn (US$587.81m).<\/figcaption><\/figure>\n<\/div>\n\n\n

The casino operator recorded adjusted EBITDA of HK$9.06bn (US$1.13bn), up 25.2 per cent in year-on-year terms. This represented 147 per cent of 2019. MGM China had a market share of 15.8 per cent<\/strong>, up from 15.2 per cent in 2023 and 9.5 per cent in 2019. MGM COTAI\u2019s market share was 9.3 per cent and MGM Macau\u2019s was 6.5 per cent. <\/p>\n\n\n\n

Hotel occupancy <\/strong>reached 94 per cent, up from 92.5 per cent in 2023. Property visitation grew 54 per cent year-on-year and reached 163 per cent of 2019 levels. Daily GGR was up 29 per cent to 129 per cent of 2019. Mass GGR (including slots) was up 33 per cent and reached 179 per cent of pre-Covid-19 levels.<\/p>\n\n\n

See also:<\/span><\/p>\n
<\/p>\n

See also:<\/span> MGM China reportedly in talks to secure US$2bn syndicated loan<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

MGM China will pay a final dividend of HK$0.251 (US$0.032) per share.<\/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 has declared a final cash dividend of HK$0.251 per share, totaling HK$953.8m, representing 20.7% of its profit for the year ending December 31, 2024. The casino operator reported robust financial performance, with net revenue up 27.2% year-on-year to HK$31.4bn and adjusted EBITDA increasing by 25.2% to HK$9.06bn, alongside significant market share gains and strong GGR recovery in Macau.","focusai_entities":"MGM China, MGM Cotai, MGM Macau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Strategy?","query":"What is MGM China's projected capital expenditure strategy following this dividend distribution, particularly concerning non-gaming asset development and future growth initiatives?"},{"label":"Competitive Market Dynamics?","query":"How does MGM China's current market share and GGR growth trajectory compare to its Macau concessionaire peers, and what are the implications for future competitive dynamics and regulatory landscape?"}],"footnotes":""},"categories":[16338,163],"tags":[1618],"class_list":["post-777024342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024342","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=777024342"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024342\/revisions"}],"predecessor-version":[{"id":777024378,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024342\/revisions\/777024378"}],"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=777024342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}