Welcome to our dedicated page for Mgm China news (Ticker: MCHVY), a resource for investors and traders seeking the latest updates and insights on Mgm China stock.
MGM CHINA HLDGS UNSP/ADR (MCHVY) is linked to MGM China Holdings Limited, which regularly publishes operating updates and financial data related to its Macau integrated resorts. The company’s news flow centers on performance at MGM MACAU and MGM COTAI, its market share in the Macau gaming sector, and trends in visitation, gross gaming revenue (GGR), and adjusted EBITDA compared to pre-COVID 2019 levels.
News releases frequently cover quarterly and annual results, highlighting metrics such as net revenue, mass GGR (including slot), VIP GGR, hotel occupancy, and adjusted EBITDA margins. MGM China often compares these measures to the broader Macau industry, noting periods when its property visitation, daily GGR, and market share have exceeded 2019 benchmarks and sector averages.
Beyond financial performance, MGM China’s announcements describe a wide range of non-gaming initiatives at MGM MACAU and MGM COTAI. These include concerts, culinary events like MGM x RR1HK Culinary Masters Macau and MGM Chef Nic Gastronomusic Fest, cultural festivals such as Oktoberfest Macau at MGM, and art and museum projects, including the Poly MGM Museum and exhibitions at the MGM Theater. Residency shows such as "Macau 2049" and collaborations with artists and musicians are also recurring themes.
Investors and observers following MCHVY-related news can use this page to review company statements on Macau’s visitation recovery, changes in market share, developments under the gaming concession, and the evolution of MGM China’s cultural tourism and entertainment programs. Returning to this news feed provides context on how the group reports its progress in gaming, hospitality, and non-gaming activities within the Macau market.
MGM China (OTC:MCHVY) reported strong Q2 2025 financial results, achieving record-high quarterly performance. The company posted net revenue of HK$8.7 billion (up from HK$8.0 billion in Q2 2024) and adjusted EBITDA of HK$2.5 billion with a 29.0% margin. Their market share increased to 16.6% from 16.0% year-over-year.
The company saw significant growth with daily GGR increasing 12% year-over-year to MOP111.2 million. Property visitation grew by 12% year-over-year, reaching 175% of 2019 pre-COVID levels. The Group maintained strong liquidity of HK$22.5 billion and achieved 94.5% average occupancy. Notable developments include the completion of Alpha Villas at MGM MACAU and the success of their residency show "Macau 2049."
[ "Record high quarterly adjusted EBITDA, up 6.1% quarter-over-quarter", "Market share increased to 16.6% from 16.0% year-over-year", "Net revenue grew to HK$8.7 billion, up 8.4% quarter-over-quarter", "Daily GGR increased 12% year-over-year to MOP111.2 million", "Property visitation grew 12% year-over-year, reaching 175% of 2019 levels", "Strong liquidity position of HK$22.5 billion", "High average occupancy rate of 94.5%" ]MGM China reported strong financial results for 2024, with record-high performance metrics. The company's net revenue grew 27% to HK$31.4 billion, reaching 138% of 2019 levels. Adjusted EBITDA hit a historic high of HK$9.1 billion, up 25% year-over-year and 147% of 2019 figures.
The company's market share reached an all-time high of 15.8% in 2024, up from 15.2% in 2023 and 9.5% in 2019. Property visitation increased 54% year-over-year, reaching 163% of 2019 levels, while daily GGR grew 29% to 129% of 2019. Mass GGR including slots rose 33% to 179% of pre-COVID levels.
The Group maintained strong liquidity of HK$17.2 billion and achieved 94% hotel occupancy. Notable initiatives included the opening of Poly MGM Museum and the launch of the residency show 'Macau 2049' in collaboration with filmmaker Zhang Yimou.
MGM China reported strong performance for the first nine months of 2024, with key metrics surpassing pre-COVID 2019 levels. The company's net revenue grew 38% year-on-year, reaching 137% of 2019 levels, while adjusted EBITDA increased 37% to HK$6.9 billion, representing 150% of 2019 levels. Market share in Macau expanded to 15.9% year-to-date, up from 9.5% in FY2019. MGM COTAI generated revenue of HK$13.7 billion with adjusted EBITDA of HK$4.0 billion, while MGM MACAU recorded revenue of HK$9.8 billion with adjusted EBITDA of HK$2.9 billion. The Group maintained strong liquidity of HK$17.2 billion.
MGM China Holdings (SEHK: 2282) reported strong financial results for the first half of 2024. Net revenue grew by 52% year-on-year to HK$16.2 billion, reaching 144% of the same period in 2019. Adjusted EBITDA increased by 57% to HK$4.9 billion, surpassing pre-COVID levels at 161% of 2019. The company's market share climbed to 16.5%, up from 14.9% a year ago and 9.5% in 2019. MGM COTAI and MGM MACAU both showed significant improvements in revenue and adjusted EBITDA. The Group maintained a healthy financial position with total liquidity of approximately HK$16 billion. MGM China continues to focus on non-gaming events and international market expansion to align with Macau's vision of becoming a global, diversified tourist destination.
MGM China Holdings reported record-high performance and market share for the first quarter of 2024. The company saw significant growth in gross gaming revenue, mass GGR, net revenue, adjusted EBITDA, and market share in Macau. MGM China maintained a strong financial position with total liquidity of HK$16.9 billion and proposed a final dividend of HK$0.347 per share for the year 2023. The company's focus on customer service and innovation contributed to its outstanding performance and confidence in the future of Macau.
FAQ
What is the current stock price of Mgm China (MCHVY)?
What is the market cap of Mgm China (MCHVY)?
