MGM China Reports Slight Revenue Decline in Q1 2025

MGM China Holdings ( (MCHVY) ) has released its Q1 earnings. Here is a breakdown of the information MGM China Holdings presented to its investors.

MGM China Holdings Limited, a subsidiary of MGM Resorts International, operates in the gaming and hospitality industry, primarily focusing on casino and resort operations in Macau.

In its latest earnings report for the first quarter of 2025, MGM China reported a slight decline in revenue and adjusted EBITDA compared to the previous year. The company’s total revenue for the quarter was HK$7,993,705,000, down from HK$8,258,300,000 in the same period last year. Adjusted EBITDA also saw a decrease, totaling HK$2,367,812,000 compared to HK$2,504,691,000 in the previous year.

The report highlighted that MGM Macau and MGM Cotai, the company’s two main properties, experienced mixed performance. MGM Macau’s revenue decreased, with a notable drop in VIP table games turnover, while MGM Cotai saw a slight increase in its main floor table games win percentage. Despite these fluctuations, both properties maintained high room occupancy rates, demonstrating steady demand for accommodation.

Looking ahead, MGM China’s management remains cautious, advising shareholders and potential investors to exercise caution due to the unaudited nature of the financial results. The company continues to focus on optimizing its operations and navigating the challenges in the gaming sector.