MACAU BUSINESS


MGM CHINA REPORTS RECORD-HIGH EBITDA WITH 9PCT REVENUE GROWTH IN 2Q


MGM China Holdings reported a record-high quarterly adjusted EBITDA in the second quarter of 2025, underpinned by a 9 percent year-on-year increase in net 


According to the information released on Thursday by the Macau gaming operator and its US-based parent company, MGM Resorts International, adjusted EBITDA (earnings before interest, tax, depreciation, and amortisation) rose to HK$2.51 billion, marking a 3 percent increase compared with the same period last year.  EBITDA was up 6.1 percent, marking the quarter as a historical high,” MGM China said in a statement. “Adjusted EBITDA has surpassed 2019 pre-COVID levels by 172 percent.”


Daily gross gaming revenue across its two Macau properties — MGM Macau and MGM Cotai — reached MOP111.2 million (HK$107.9 million/US$13.75 million) during  quarter.


 percent year-on-year in the second quarter.


 0.6 percentage point gain from the same quarter last year.


SANDS CHINA’S VENETIAN AND PARISIAN MARGINS SLIDE AS LONDONER SURGES


The Venetian Macao saw its EBITDA margin down by 2.6 percentage points to 35.6 per cent in the second quarter this year from the same period in 2024, with adjusted property EBITDA down nearly 10 per cent to US$236 million (MOP1.9 billion).  casino resort earned US$663 million in net revenues during that period, down over 3.35 per cent from the previous year.


 previously.


The Londoner Macao, meanwhile, saw its second-quarter net revenues soar to  percentage points in EBITDA margin.


 22.7 per cent.


 The Plaza Macao suffered a drop of 22.4 per cent in net revenues to US$194 million from a year earlier.


 previous year.


Spintec qp CI Jun25.indd 1


16/5/25 11:50


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