MGM China reports strong Q3 2025 performance, record segment adjusted EBITDAR

MGM China Holdings Limited announced its unaudited results for the third quarter and nine months ended September 30, 2025, derived from its controlling shareholder MGM Resorts International's filings. Total revenue for the third quarter reached HK$8,509,618, up from HK$7,249,278 in the prior year, with MGM Cotai showing a substantial increase to HK$5,115,183. Adjusted EBITDA for the quarter stood at HK$2,373,112, compared to HK$1,984,254 in 2024.

MGM China’s main floor table games drop at MGM Cotai rose to HK$17,374,718, yielding HK$4,545,638 in main floor gross table games win. VIP table games turnover for MGM Cotai reached HK$21,695,821, generating HK$952,720 in VIP gross table games win. Slot machine handle also saw growth, totaling HK$10,316,605.

MGM Resorts International's earnings release further indicated MGM China achieved record 3Q segment adjusted EBITDAR of $284m, a 20% increase from $237m in the prior year quarter, alongside a market share of 15.5%. Net revenues for MGM China in the quarter were $1.1bn, up 17% from $929m, driven by an increase in main floor table games drop. Shareholders are advised that these results are unaudited by MGM China’s auditor.