MGM China Sets New High for Adjusted EBITDA at $320 Million; Market Presence Reaches 16.6%
In the June 2025 quarter, MGM China, a leading casino operator in Macau, reported impressive financial results that reflect its ongoing success in the region. According to Inside Asian Gaming, the company's earnings and market share data show a strong performance across all gaming segments.
MGM China recorded its highest ever Adjusted EBITDA, with a significant increase of 3% year-on-year to HK$2.51 billion (US$320 million). The company's total revenues also rose by 9%, reaching HK$8.67 billion (US$1.10 billion).
The success of MGM China in the Macau market is evident, as indicated by its recent run of success. All gaming segments at MGM China enjoyed growth in Q2, with VIP table games seeing the largest surge in turnover. VIP table games turnover increased by 39% year-on-year to HK$32.7 billion (US$4.17 billion).
Moreover, MGM Cotai, the flagship resort of MGM China, saw a 12% rise in revenues to HK$5.28 billion (US$673 million) in Q2. The consolidated net revenues of MGM Resorts, which includes MGM China, reached a record $4.4 billion in Q2 2025, a 2% year-over-year increase.
The gross win for VIP table games almost doubled at MGM China, reaching HK$1.13 billion (US$144 million) in Q2. This growth in VIP table games was supported by improved VIP play win percentages and increased main floor table game activity.
Despite a significant decline in VIP turnover, MGM Macau's EBITDA only dropped by nearly 1%. This was due to the increase in main floor table games and slots revenue.
The strong EBITDAR and EBITDA growth imply healthy margins for MGM China. However, explicit EBITDA margin percentages were not provided in the sources. It is worth noting that MGM China's EBITDA margin grew by around 172bps to 28.9% in Q2.
MGM China's market share in the Macau market also reached 16.6% in the June 2025 quarter, a significant achievement for the company.
The reporting of this information is associated with Inside Asian Gaming, with Ben Blaschke being one of the reporters. The sources for the information include World Casino Directory, PR Newswire, and Next.io.
- The aerospace industry might take notice of MGM China's financial success, as its impressive earnings and market share in the casino-and-gambling sector could potentially indicate a strong financial strategy that could be applied in other industries.
- In light of the strong performance of MGM China in casino-gaming segments, it might be intriguing to assess how these strategies could be translated to finance, particularly in the stock market, where risk management and revenue optimization play crucial roles.
- Interestingly, the casino-culture in Macau, as symbolized by MGM China's success, bears similarities with certain aspects of the finance industry, such as strategic risk-taking and continuous striving for growth, which could warrant further exploration.
