Mgm China Holdings(OTC) ( (MCHVF) ) has released its Q4 earnings. Here is a breakdown of the information Mgm China Holdings(OTC) presented to its investors.
MGM China Holdings Limited, a prominent player in the casino and hospitality industry, operates two integrated resorts, MGM MACAU and MGM COTAI, in Macau, offering a blend of gaming, hotel, and entertainment services. The company recently released its annual earnings report for the year ending December 31, 2024, showcasing significant financial growth and strategic advancements.
The company reported a notable increase in casino revenue, rising from HK$21.82 billion in 2023 to HK$27.28 billion in 2024, contributing to a total operating revenue of HK$31.39 billion. The adjusted EBITDA also saw a significant rise to HK$9.06 billion, reflecting the company’s robust operational performance. This financial upturn is attributed to the easing of COVID-19 travel restrictions, which revitalized tourism and gaming activities in Macau.
MGM China declared a final dividend of HK$0.251 per share, amounting to approximately HK$953.8 million, representing 20.7% of the group’s profit attributable to owners. The company also paid a special dividend earlier in the year, highlighting its commitment to returning value to shareholders. The company’s strategic focus on enhancing customer experience and expanding its entertainment offerings has positioned it well within the competitive Macau gaming market.
Looking ahead, MGM China’s management remains optimistic about sustaining its growth trajectory, leveraging its strategic position in the premium mass market and its extensive distribution network. The company aims to continue diversifying its offerings and improving operational efficiencies to maintain its leadership in the Macau gaming and hospitality sector.