MGM China announces strong 2024 results, final dividend

MGM China Holdings (HKEX:2282) announced robust annual results for the year ended December 31, 2024, reporting a profit attributable to owners of the company of HK$4.6 billion, a substantial increase from HK$2.6 billion in 2023. Operating revenue grew by 27.2% to HK$31.4 billion, driven by the continued recovery in Macau’s gaming market following the relaxation of COVID-19 related travel restrictions. Adjusted EBITDA also saw a significant rise, reaching HK$9.1 billion compared to HK$7.2 billion in the previous year.