{"success":true,"data":{"pressRelease":{"id":"102859","rtpr_id":"nPn91X5Hha","ticker":"MGM","exchange":"NYSE","all_tickers":["MGM","2282"],"title":"MGM China Reports 2026 Interim Financial Data","author":"PR Newswire","published_at":"2026-07-29T22:23:21.277Z","article_body":"MGM China Reports 2026 Interim Financial Data\n\nPR Newswire\n\nHONG KONG, July 29, 2026\n\nRevenue Rose to Record High\nSolid Market Share of 15.9%\n\nHONG KONG, July 29, 2026 /PRNewswire/ -- MGM China Holdings Limited (\"MGM\nChina\" or the \"Company\"; SEHK Stock Code: 2282) today announced the selected\nunaudited financial data of the Company and its subsidiaries (the \"Group\") for\nthe six months ended June 30, 2026 (the \"Period\").\n\nThe Group is encouraged by Macau's continued growth during the Period. Average\ndaily visitation in the first half of 2026 reached 115,715, representing a 9%\nincrease compared with the corresponding period last year.\n\nMacau's gross gaming revenue (\"GGR\") also continued to recover during the\nPeriod, with average daily GGR increasing by 7% year on year to approximately\nMOP701 million in the first half of 2026.\n\n * MGM China saw property visitation during the Period up by 7% from last year.\n * MGM China's daily GGR in the first half of 2026 grew by 5% year-on-year to\nMOP111 million, compared to MOP106 million last year.\n * Net revenue for the Group reached historical high at HK$17.4 billion for the\nPeriod, compared with HK$16.7 billion in the corresponding period last year.\nThe Group reported adjusted EBITDA of HK$4.8 billion, compared with HK$4.9\nbillion in the corresponding period last year.\n * The Group maintained a solid market share of approximately 15.9% during the\nPeriod. This performance was partly affected by a lower VIP win rate (2026:\n2.6% vs 2025: 3.5%). MGM COTAI accounted for approximately 9.7% of the market,\nwhile MGM MACAU accounted for approximately 6.2%.\n * Average occupancy was 93.5% for the Period.\n * The Group maintained a healthy financial position. As of June 30, 2026, the\nGroup had total liquidity of approximately HK$24.7 billion, comprised of Bank\nbalances and cash  and undrawn revolver.\nDuring the Period, the Group continued to optimize its assets to enhance\ncompetitiveness and drive future growth. MGM COTAI completed the suite\nconversion project during the Period, with nearly 60 Prime Wellness Suites\nlaunched. The new suites have been well received by guests, reflecting the\nGroup's commitment to evolving with changing customer preferences and wellness\ntrends.\n\nAt MGM MACAU, the Group also celebrated the opening of Chatterbox Café, the\nrenowned Singapore dining brand. With a legacy spanning more than five\ndecades, Chatterbox is renowned for its authentic Singaporean cuisine and has\nestablished itself as a highly recognized culinary brand across Asia.\n\nDuring the Period, MGM China earned seven Forbes Travel Guide Five-Star\nAwards, reaffirming its commitment to exceptional guest experiences. MGM MACAU\nachieved a milestone by securing its 11th consecutive Five-Star rating, while\nTria Spa at both MGM MACAU and MGM COTAI clinched the accolade for the seventh\nstraight year. Additionally, Emerald Tower, Skylofts, and Five Foot Road at\nMGM COTAI, alongside Imperial Court at MGM MACAU, sustained their Five-Star\nstatus for the fifth consecutive year, underscoring the Group's consistent\nexcellence across accommodation, wellness, and dining.\n\nIn June, MGM China announced the acquisition of MGM Asia Pacific Limited, a\nHong Kong-incorporated company, from MGM Resorts International. MGM Asia\nPacific Limited holds a 100% interest in MGM Hospitality Group (Asia Pacific),\nLtd. (\"MGM Hospitality\"), a hospitality management company that operates\nluxury and upscale hotels, lifestyle destinations and cultural tourism\nprojects across Chinese Mainland.\n\nThrough the acquisition, MGM China will leverage the 19 years of operating\nexperience, brand platform and established relationship network developed by\nMGM Hospitality. MGM Hospitality currently manages eight operating hotels, has\nmore than 12 active projects under development across various cities in\nMainland China, and provides access to over 1.5 million Mlife loyalty program\nmembers.\n\nThe eight operating hotels include:\n\n * Bellagio by MGM Shanghai\n * MGM Shanghai West Bund\n * MGM Grand Sanya\n * Mhub by MGM Nanjing Jiangning\n * MGM Reserve Qingdao\n * MGM Qingdao\n * MGM Reserve Zhuhai\n * MGM Shenzhen\nKenneth Feng, Chief Executive Officer of MGM China said: \"This acquisition\nrepresents a strategic opportunity for MGM China to strengthen its strategic\nand operational oversight of MGM Hospitality. We are confident that it will\ncreate meaningful synergies that enhance our competitive edge and support the\nGroup's sustainable growth.\"\n\nFollowing the suite conversion at MGM COTAI earlier this year, the Group will\ncommence renovations of approximately 100 suites at MGM MACAU. This initiative\nwill further strengthen the complementary positioning of our properties,\nestablishing MGM MACAU as a premier venue on the Peninsula and MGM COTAI as\nthe preferred destination for premium customers.\n\n\"MGM China is dedicated to improving our products and service levels, while\ndelivering compelling experiences for guests. We are committed to supporting\nMacau into a global and diversified tourist destination,\" said Kenneth Feng.\n\n- End -\n\nAbout MGM China Holdings Limited\n\nMGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and\noperator of gaming and lodging resorts in the Greater China region. We are the\nholding company of MGM Grand Paradise, SA which holds one of the six gaming\nconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and\noperates MGM MACAU, the award-winning premium integrated resort located on the\nMacau Peninsula and MGM COTAI, a contemporary luxury integrated resort in\nCotai, which opened in early 2018 and more than doubles our presence in\nMacau.\n\nMGM China is majority owned by MGM Resorts International (NYSE: MGM) one of\nthe world's leading global hospitality companies, operating a portfolio of\ndestination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay\nand Park MGM. For more information about MGM Resorts International, visit the\nCompany's website at www.mgmresorts.com (http://www.mgmresorts.com/) .\n\nView original\ncontent:https://www.prnewswire.com/news-releases/mgm-china-reports-2026-interim-financial-data-302838352.html\n(https://www.prnewswire.com/news-releases/mgm-china-reports-2026-interim-financial-data-302838352.html)\n\nSOURCE MGM China\n\n\n\nFor further enquiries, please contact: MGM China Holdings Limited, Sidney Luk - Vice President of Investor Relations, Tel: (853) 8802 1886 / (852) 2587 8632, Email: sidneyluk@mgmchinaholdings.com, Website: www.mgmchinaholdings.com\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn91X5Hha","title":"MGM China Reports 2026 Interim Financial Data","author":"PR Newswire","ticker":"MGM","created":"2026-07-29T22:23:21.277Z","tickers":["MGM","2282"],"exchange":"NYSE","article_body":"MGM China Reports 2026 Interim Financial Data\n\nPR Newswire\n\nHONG KONG, July 29, 2026\n\nRevenue Rose to Record High\nSolid Market Share of 15.9%\n\nHONG KONG, July 29, 2026 /PRNewswire/ -- MGM China Holdings Limited (\"MGM\nChina\" or the \"Company\"; SEHK Stock Code: 2282) today announced the selected\nunaudited financial data of the Company and its subsidiaries (the \"Group\") for\nthe six months ended June 30, 2026 (the \"Period\").\n\nThe Group is encouraged by Macau's continued growth during the Period. Average\ndaily visitation in the first half of 2026 reached 115,715, representing a 9%\nincrease compared with the corresponding period last year.\n\nMacau's gross gaming revenue (\"GGR\") also continued to recover during the\nPeriod, with average daily GGR increasing by 7% year on year to approximately\nMOP701 million in the first half of 2026.\n\n * MGM China saw property visitation during the Period up by 7% from last year.\n * MGM China's daily GGR in the first half of 2026 grew by 5% year-on-year to\nMOP111 million, compared to MOP106 million last year.\n * Net revenue for the Group reached historical high at HK$17.4 billion for the\nPeriod, compared with HK$16.7 billion in the corresponding period last year.\nThe Group reported adjusted EBITDA of HK$4.8 billion, compared with HK$4.9\nbillion in the corresponding period last year.\n * The Group maintained a solid market share of approximately 15.9% during the\nPeriod. This performance was partly affected by a lower VIP win rate (2026:\n2.6% vs 2025: 3.5%). MGM COTAI accounted for approximately 9.7% of the market,\nwhile MGM MACAU accounted for approximately 6.2%.\n * Average occupancy was 93.5% for the Period.\n * The Group maintained a healthy financial position. As of June 30, 2026, the\nGroup had total liquidity of approximately HK$24.7 billion, comprised of Bank\nbalances and cash  and undrawn revolver.\nDuring the Period, the Group continued to optimize its assets to enhance\ncompetitiveness and drive future growth. MGM COTAI completed the suite\nconversion project during the Period, with nearly 60 Prime Wellness Suites\nlaunched. The new suites have been well received by guests, reflecting the\nGroup's commitment to evolving with changing customer preferences and wellness\ntrends.\n\nAt MGM MACAU, the Group also celebrated the opening of Chatterbox Café, the\nrenowned Singapore dining brand. With a legacy spanning more than five\ndecades, Chatterbox is renowned for its authentic Singaporean cuisine and has\nestablished itself as a highly recognized culinary brand across Asia.\n\nDuring the Period, MGM China earned seven Forbes Travel Guide Five-Star\nAwards, reaffirming its commitment to exceptional guest experiences. MGM MACAU\nachieved a milestone by securing its 11th consecutive Five-Star rating, while\nTria Spa at both MGM MACAU and MGM COTAI clinched the accolade for the seventh\nstraight year. Additionally, Emerald Tower, Skylofts, and Five Foot Road at\nMGM COTAI, alongside Imperial Court at MGM MACAU, sustained their Five-Star\nstatus for the fifth consecutive year, underscoring the Group's consistent\nexcellence across accommodation, wellness, and dining.\n\nIn June, MGM China announced the acquisition of MGM Asia Pacific Limited, a\nHong Kong-incorporated company, from MGM Resorts International. MGM Asia\nPacific Limited holds a 100% interest in MGM Hospitality Group (Asia Pacific),\nLtd. (\"MGM Hospitality\"), a hospitality management company that operates\nluxury and upscale hotels, lifestyle destinations and cultural tourism\nprojects across Chinese Mainland.\n\nThrough the acquisition, MGM China will leverage the 19 years of operating\nexperience, brand platform and established relationship network developed by\nMGM Hospitality. MGM Hospitality currently manages eight operating hotels, has\nmore than 12 active projects under development across various cities in\nMainland China, and provides access to over 1.5 million Mlife loyalty program\nmembers.\n\nThe eight operating hotels include:\n\n * Bellagio by MGM Shanghai\n * MGM Shanghai West Bund\n * MGM Grand Sanya\n * Mhub by MGM Nanjing Jiangning\n * MGM Reserve Qingdao\n * MGM Qingdao\n * MGM Reserve Zhuhai\n * MGM Shenzhen\nKenneth Feng, Chief Executive Officer of MGM China said: \"This acquisition\nrepresents a strategic opportunity for MGM China to strengthen its strategic\nand operational oversight of MGM Hospitality. We are confident that it will\ncreate meaningful synergies that enhance our competitive edge and support the\nGroup's sustainable growth.\"\n\nFollowing the suite conversion at MGM COTAI earlier this year, the Group will\ncommence renovations of approximately 100 suites at MGM MACAU. This initiative\nwill further strengthen the complementary positioning of our properties,\nestablishing MGM MACAU as a premier venue on the Peninsula and MGM COTAI as\nthe preferred destination for premium customers.\n\n\"MGM China is dedicated to improving our products and service levels, while\ndelivering compelling experiences for guests. We are committed to supporting\nMacau into a global and diversified tourist destination,\" said Kenneth Feng.\n\n- End -\n\nAbout MGM China Holdings Limited\n\nMGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and\noperator of gaming and lodging resorts in the Greater China region. We are the\nholding company of MGM Grand Paradise, SA which holds one of the six gaming\nconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and\noperates MGM MACAU, the award-winning premium integrated resort located on the\nMacau Peninsula and MGM COTAI, a contemporary luxury integrated resort in\nCotai, which opened in early 2018 and more than doubles our presence in\nMacau.\n\nMGM China is majority owned by MGM Resorts International (NYSE: MGM) one of\nthe world's leading global hospitality companies, operating a portfolio of\ndestination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay\nand Park MGM. For more information about MGM Resorts International, visit the\nCompany's website at www.mgmresorts.com (http://www.mgmresorts.com/) .\n\nView original\ncontent:https://www.prnewswire.com/news-releases/mgm-china-reports-2026-interim-financial-data-302838352.html\n(https://www.prnewswire.com/news-releases/mgm-china-reports-2026-interim-financial-data-302838352.html)\n\nSOURCE MGM China\n\n\n\nFor further enquiries, please contact: MGM China Holdings Limited, Sidney Luk - Vice President of Investor Relations, Tel: (853) 8802 1886 / (852) 2587 8632, Email: sidneyluk@mgmchinaholdings.com, Website: www.mgmchinaholdings.com\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-07-29T22:23:21.329335518Z","server_sent_at_ms":1785363801329},"received_at":"2026-07-29T22:23:21.380Z","source_url":"https://www.prnewswire.com/news-releases/mgm-china-reports-2026-interim-financial-data-302838352.html"},"analysis":{"id":"91873","press_release_id":"102859","analysis_json":{"industry":{"label":"Hotels, Restaurants & Leisure","sector":"Consumer Discretionary"},"redFlags":["Adjusted EBITDA declined year-over-year to HK$4.8 billion from HK$4.9 billion due to lower VIP win rate"],"eventType":"earnings","narrative":"MGM China reported record interim net revenue of HK$17.4 billion for the six months ended June 30, 2026, up from HK$16.7 billion in the prior year, while maintaining a solid market share of 15.9%.\n\nAdjusted EBITDA decreased slightly to HK$4.8 billion from HK$4.9 billion, attributed to a lower VIP win rate, while the company maintained a healthy liquidity position of HK$24.7 billion and 93.5% average occupancy.\n\nThe company completed the acquisition of MGM Asia Pacific Limited, adding eight operating hotels and access to over 1.5 million Mlife loyalty members to expand its footprint in Mainland China.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"MGM China hits record revenue despite lower VIP win rate; acquisition expands mainland footprint."},"keyFigures":{"revenue":"HK$17.4 billion","customDimensions":{"ebitda":"HK$4.8 billion","daily_ggr":"MOP111 million","liquidity":"HK$24.7 billion","market_share":"15.9%","mlife_members":1500000,"occupancy_rate":"93.5%","daily_visitation":115715}},"quotedText":"This acquisition represents a strategic opportunity for MGM China to strengthen its strategic and operational oversight of MGM Hospitality.","namedEntities":{"people":[{"name":"Kenneth Feng","role":"Chief Executive Officer"},{"name":"Sidney Luk","role":"Vice President of Investor Relations"}],"products":["Prime Wellness Suites","Chatterbox Café","Mlife loyalty program"],"companies":[{"name":"MGM China Holdings Limited","ticker":"2282","relationship":"subsidiary"},{"name":"MGM Resorts International","ticker":"MGM","relationship":"parent"},{"name":"MGM Asia Pacific Limited","relationship":"acquired"},{"name":"MGM Hospitality Group (Asia Pacific), Ltd.","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"HK$17.4 billion","context":"Net revenue for the six months ended June 30, 2026"},{"amount":"HK$4.8 billion","context":"Adjusted EBITDA for the six months ended June 30, 2026"},{"amount":"HK$24.7 billion","context":"Total liquidity as of June 30, 2026"}]},"materialImpact":{"score":3,"reasoning":"Record interim revenue of HK$17.4 billion and solid market share of 15.9% demonstrate strong operational momentum. The acquisition of MGM Asia Pacific expands the platform, though adjusted EBITDA dipped slightly YoY due to VIP win rate variance."},"tickerRelevance":{"others":[{"ticker":"2282","relevance":"subsidiary"}],"primary":"MGM"},"globalImportance":25,"audienceRelevance":35,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"large-cap-parent","eventGravity":"interim-earnings","sectorWeight":"gaming-leisure","subsidiaryImpact":"high-relevance"}},"event_type":"earnings","event_type_secondary":["m_and_a"],"sentiment":"bullish","material_impact_score":3,"narrative":"MGM China reported record interim net revenue of HK$17.4 billion for the six months ended June 30, 2026, up from HK$16.7 billion in the prior year, while maintaining a solid market share of 15.9%.\n\nAdjusted EBITDA decreased slightly to HK$4.8 billion from HK$4.9 billion, attributed to a lower VIP win rate, while the company maintained a healthy liquidity position of HK$24.7 billion and 93.5% average occupancy.\n\nThe company completed the acquisition of MGM Asia Pacific Limited, adding eight operating hotels and access to over 1.5 million Mlife loyalty members to expand its footprint in Mainland China.","key_figures":{"revenue":"HK$17.4 billion","customDimensions":{"ebitda":"HK$4.8 billion","daily_ggr":"MOP111 million","liquidity":"HK$24.7 billion","market_share":"15.9%","mlife_members":1500000,"occupancy_rate":"93.5%","daily_visitation":115715}},"named_entities":{"people":[{"name":"Kenneth Feng","role":"Chief Executive Officer"},{"name":"Sidney Luk","role":"Vice President of Investor Relations"}],"products":["Prime Wellness Suites","Chatterbox Café","Mlife loyalty program"],"companies":[{"name":"MGM China Holdings Limited","ticker":"2282","relationship":"subsidiary"},{"name":"MGM Resorts International","ticker":"MGM","relationship":"parent"},{"name":"MGM Asia Pacific Limited","relationship":"acquired"},{"name":"MGM Hospitality Group (Asia Pacific), Ltd.","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"HK$17.4 billion","context":"Net revenue for the six months ended June 30, 2026"},{"amount":"HK$4.8 billion","context":"Adjusted EBITDA for the six months ended June 30, 2026"},{"amount":"HK$24.7 billion","context":"Total liquidity as of June 30, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-30T03:58:14.921Z","global_importance":25,"audience_relevance":35,"importance_components":{"tickerTier":"large-cap-parent","eventGravity":"interim-earnings","sectorWeight":"gaming-leisure","subsidiaryImpact":"high-relevance"}},"durationMs":251692,"modelName":"glm-4.7"}}