{"id":777045544,"date":"2026-07-30T06:15:30","date_gmt":"2026-07-30T09:15:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777045544"},"modified":"2026-07-30T07:19:09","modified_gmt":"2026-07-30T10:19:09","slug":"mgm-china-posts-lower-q2-revenue-amid-mixed-macau-performance","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-posts-lower-q2-revenue-amid-mixed-macau-performance","title":{"rendered":"MGM China posts lower Q2 revenue amid mixed Macau performance"},"content":{"rendered":"\n

MGM Macau weighed on second-quarter and first-half earnings, although higher revenue from MGM Cotai helped lift first-half group revenue.<\/p>\n\n\n\n\n\n\n\n

Macau.- MGM China<\/strong> has reported a 7.4 per cent year-on-year decline in adjusted EBITDA for the second quarter, as earnings weakened despite broadly stable revenue across Macau casino operations. Revenue for the three months ended June 30 totalled HK$8.63bn (US$1.10bn), compared with HK$8.67bn (US$1.11bn) a year earlier, while adjusted EBITDA declined to HK$2.33bn (US$298m).<\/p>\n\n\n\n

Performance at the group\u2019s two integrated resorts was mixed. MGM Macau generated HK$3.35bn (US$428m) in revenue, while adjusted EBITDA fell 15.4 per cent to HK$825.5m (US$106m). Main-floor table drop decreased 14 per cent to HK$12.76bn (US$1.63bn), although the win percentage improved to 25.1 per cent from 22 per cent.<\/p>\n\n\n\n

VIP table turnover rose to HK$8.20bn (US$1.05bn), while slot machine gross win increased to HK$288.5m (US$37m). Hotel occupancy reached 92.9 per cent, with revenue per available room (RevPAR) of HK$2,498 (US$319).<\/p>\n\n\n\n

At MGM Cotai, revenue was broadly unchanged at HK$5.28bn (US$675m), while adjusted EBITDA declined 2.3 per cent to HK$1.50bn (US$192m). Main-floor gross table games win increased 5 per cent to HK$4.93bn (US$630m). However, VIP table turnover fell nearly 30 per cent to HK$22.97bn (US$2.94bn), leading to a 44 per cent drop in VIP gross table games win.<\/p>\n\n\n\n

Slot machine gross win rose to HK$392.9m (US$50m), while occupancy stood at 93.2 per cent and RevPAR reached HK$2,186 (US$280).<\/p>\n\n\n\n

First half results<\/h2>\n\n\n\n

For the first six months of 2026, MGM China recorded revenue of HK$17.39bn (US$2.22bn), up 4.4 per cent from HK$16.66bn (US$2.13bn) a year earlier. Revenue from MGM Macau increased to HK$6.79bn (US$867m), while MGM Cotai contributed HK$10.61bn (US$1.36bn).<\/p>\n\n\n\n

First-half adjusted EBITDA declined 1.9 per cent to HK$4.78bn (US$611m), as lower earnings at MGM Macau, where EBITDA fell to HK$1.66bn (US$212m), offset an increase at MGM Cotai, whose adjusted EBITDA rose to HK$3.13bn (US$400m) from HK$3.00bn (US$384m).<\/p>\n\n\n\n

Looking ahead, Kenneth Feng<\/strong>, MGM China chief executive officer, said the company would continue investing in its properties as part of its long-term growth strategy. The group is set to begin renovating around 100 suites at MGM Macau following the completion of suite conversions at MGM Cotai earlier this year, in a bid to further strengthen the complementary positioning of its two integrated resorts.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Citi reports continued softness in Macau premium-mass betting in July<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

MGM Macau weighed on second-quarter and first-half earnings, although higher revenue from MGM Cotai helped lift first-half group revenue.<\/p>\n","protected":false},"author":2395,"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 a 7.4% year-on-year decline in Q2 adjusted EBITDA, despite broadly stable revenue across its Macau casino operations, with H1 revenue increasing 4.4% but H1 adjusted EBITDA declining 1.9%. Performance was mixed, with MGM Macau's earnings weakening while MGM Cotai showed resilience in main-floor gross table games win, offsetting a significant drop in VIP table turnover. The company plans further investments in property renovations to strengthen its integrated resort positioning.","focusai_entities":"MGM China, MGM Macau, MGM Cotai, Kenneth Feng, Citi","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Outlook","query":"What are the specific drivers behind the divergent performance of MGM Macau and MGM Cotai, particularly concerning VIP versus mass-market segments, and how does this align with broader Macau market trends?"},{"label":"Capital Allocation Strategy","query":"How will the planned suite renovations at MGM Macau impact future RevPAR and overall property positioning, and what is the projected ROI for these capital expenditures given current market conditions?"}],"footnotes":""},"categories":[28,16338],"tags":[29,257,1618],"class_list":["post-777045544","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","tag-casino","tag-macau","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777045544","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777045544"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777045544\/revisions"}],"predecessor-version":[{"id":777045559,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777045544\/revisions\/777045559"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777045544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777045544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777045544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}