MGM China Holdings Limited has published its unaudited data. Financial results for the three and nine months ended September 30, 2025, the company and its subsidiaries, collectively known as Team achieved record-breaking results in the third quarter results, reflecting the continued recovery of the Macau market post-pandemic.
The third quarter results showed significant significance. development HPMC capsule MGM China, in particular, is driven by rising visitor numbers and gross gaming revenue (GGR), which positions the company favorably in the region, setting a good foundation for future growth. Travel and entertainment industries continue to rebound.
Macau’s economic recovery came at a time when it was strong
As of September 30, 2025, Macau has seen a remarkable increase in average daily visitors, an increase of 14%, reaching 113,614 from the same period last year, a figure that not only reflects a recovery but also surpasses pre-COVID levels. In 2019 levels by 5% In addition to the increase in the number of visitors, Macau’s gaming industry has also achieved positive results, as Gross Gaming Revenue (GGR) saw a 13% increase compared to the same period last year, with a daily GGR of MOP68 billion. Despite the casino closure due to the typhoon in September, the overall industry performance remained strong.
This Q3 GGR returned to 88% of 2019 levels, which is a significant improvement compared to the previous one. 83% in the previous quarter. This continued recovery reflects …… The resilience of Macau as a major gaming and entertainment hub, MGM China has played a pivotal role in driving this growth.
MGM China’s impressive growth and record-breaking revenue
MGM China reported significant growth in its third-quarter results. The company …… The 17% year-over-year increase in daily property rounds reflects the growing interest in their properties and services. In addition, the daily GGR and quality GGR (including slots) are ahead by 20% and 17%, respectively, compared to the same period last year.
As of March 30, September 9, MGM China reported net income of HK$850 million, marking a 17% increase compared to the previous year. The company’s adjusted EBITDA reached HK$240 million, reflecting a 20% year-on-year increase, which is a new high for the company’s third-quarter results.
This adjusted EBITDA margin improved slightly by 27.9%, from 27.4% in the same period last year, driven by a mass-market-focused business strategy and continuous improvement in operational efficiency, which underscored the company’s continued success in capitalizing on economic recovery opportunities. Macau’s tourism and gaming industry.
Macau’s market share increased
MGM China also saw a growth in market share in Macau, reaching 15.5% in the third quarter, up from 14.8% compared to the same period last year, an increase that indicates the company’s expansion in the region and its ability to capture a larger share in the recovering market.
On the property level, MGM Cotai and MGM Macau both achieved excellent results. MGM Cotai recorded a revenue of HK$510 million during this period, reflecting a 22% year-on-year increase. The hotel’s adjusted EBITDA was HK$150 million, up 23% compared to the previous year, and the adjusted EBITDA margin was 28.5% of 28.5%, compared to 28.1% last year.
At the same time, MGM Macau reported revenue of HK$340 million, an increase of 12% compared to the previous year. Adjusted EBITDA increased by 14% from HK$9.14 million in the same period last year, compared to an adjusted EBITDA margin of 26.9% from 26.4% last year.
Solid financial position and liquidity
MGM China has maintained a healthy financial position, with a total liquidity of approximately HK$2.23 billion as of September 30, 2025. The liquidity, contained by… The composition of cash, cash equivalents, and undrawn revolvers ensures that the company remains well-positioned to seize future opportunities and continue to grow. expansion in the area.
Awards and international promotion
During this period, MGM China gained notable recognition for its contributions to cultural tourism. Macau 2049, by …… A residency co-created by MGM and renowned filmmaker Zhang Yimou, won the 2024 Weibo Cultural Tourism Intellectual Property Award at the 2025 Weibo Tourism Night, which recognizes the significant role the show has played in promoting it. Macau as a cultural tourism destination, which further solidifies the company’s commitment to development. Macau serves as a hub for both entertainment and cultural exchange.
MGM China also participated in the “Experience Macau Roadshow in Lisbon” organized by MGTO in September. The event showcased Macau’s attractiveness as a world tourism hub and leisure and fostered deeper cooperation in tourism, culture and commerce between Macau and Portugal.
Expand quality products
Back in Macau, MGM China has fully launched its new Alpha Villa during this period, for …… Provide a better experience for quality customers. In addition, Alpha Club at MGM Macau officially opened in late September, enhancing the customer experience. The company has also completed several other notable projects. In addition, the company has completed several other projects. The renovation project at MGM Macau aims to further enhance the overall guest experience, especially for high-end audiences.
Looking ahead: MGM China has a bright future
Kenneth Feng, Chairman and Executive Director of MGM China, expressed his delight at the company’s record results in the third quarter. He noted that Alpha products have been particularly warmly received by high-end customers, and he also reiterated the company’s purpose of understanding customers and improving the customer experience.
MGM China’s contribution to the evolution of Macau as a diverse tourist destination is also evident in its support for events such as these. Macau 2049 and MGM Polly Museum at MGM Macau As the market continues to grow, MGM China remains confident that the increasing number of non-gaming and entertainment activities in Macau will drive the company’s continued growth and success.
