MGM China Adjusts Financial Forecasts Upwards
Company Announcements

MGM China Adjusts Financial Forecasts Upwards

MGM China Holdings (HK:2282) has released an update.

MGM China Holdings Limited has announced an upward revision of the annual caps for license fees due to an expected increase in consolidated gross monthly revenues for the fiscal years ending in 2024 and 2025. This adjustment is a consequence of the Third Renewed Branding Agreement, which is calculated as 1.75% of the company’s monthly revenues. The revision follows the company’s compliance with the Listing Rules for connected transactions, although the transactions remain exempt from independent shareholder approval requirements.

For further insights into HK:2282 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyMGM China upgraded to Buy from Neutral at Seaport Research
TipRanks HongKong Auto-Generated NewsdeskMGM China’s Q3 Results Highlight US GAAP Differences
TipRanks HongKong Auto-Generated NewsdeskMGM China Updates on MGM Resorts’ Financial Report
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App