MGM China said in a statement yesterday that it recorded total revenue of HK$4.7 billion in the first half of the year, “nearly double” the HK$2.4 billion recorded in the six-month period in 2020.
The US gaming company, which runs two casino-hotel resorts in Macau, also said that it recorded adjusted EBITDA of HK$200 million in the first half of the year, compared to negative adjusted EBITDA of HK$1.0 billion in the same period of last year.
According to the statement, second-quarter gross gaming revenue improved sequentially by 7 percent from the first quarter.
“MGM China continued to outperform the market given our strength in premium mass market,” the statement said, adding that the company maintained a market share of about 11.2 percent in the second quarter.
This undated combination photo provided by MGM shows the company’s two casino-hotel resorts in Macau and its world-famous MGM Lion.
