Tag Archives: MGM China
- MGM Resorts wows investors with Q1 revenue, profit gains
April 29, 2014
Casino operator MGM Resorts International wowed investors on Tuesday by posting profits of $108.2m in Q1, a sixteen-fold improvement on the black ink reported in Q1 2013. Revenue in the first three months of 2014 rose 11.8% to $2.6b while earnings rose 19% to $682m, primarily on the strength of...
- MGM Resorts’ 2013 numbers ‘best performance since the recession’
February 20, 2014
Casino operator MGM Resorts International turned in its Q4 and FY 2013 report card on Wednesday, which showed the company achieving its “best operating performance since the recession” of 2008. Revenue in the final quarter of the year rose 10% to $2.5b, while adjusted earnings rose 21% to $609m. Revenue...
- MGM posts $31.8m Q3 loss despite 9.2% revenue rise
November 1, 2013
Casino operator MGM Resorts International saw its Q3 revenue rise 9.2% to $2.46b, but poor margins resulted in the company recording a $31.8m loss for the three months ending Sept. 30. On the plus side, that’s significantly less than the $181.2m MGM lost in Q3 2012. On the minus side,...
- SJM continues to pace Macau casino earnings in August
September 3, 2013
SJM Holdings Ltd. continues to be on top of the heap in casino earnings in Macau with a 24-percent casino gross gaming revenue for the month of August. But from where it stood a few months ago, SJM's percentage has dropped to the point that Sands China Ltd is now nipping...
- MGM loses $93m in Q2, still bearish on Nevada intrastate online poker
August 6, 2013
US casino operator MGM Resorts International posted a net loss of $93m in Q2 2013, improving on the $145.5m loss from the same period a year earlier. Revenue rose 6.8% to $2.48b but with $82m in impairment charges related to domestic property writedowns and $214.5m in interest charges on its...
- SJM still tops Macau’s market share in June, Wynn Macau falls to last place
July 3, 2013
In what has become a recurring theme until proven otherwise, SJM Holdings continued its hold on top of Macau's market share list in June, staking a 24.5 percent share of the overall gambling market in the Chinese territory. That figure represents a 1.5 percent increase from its shares in May,...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Macau night spots to hit when you’re not gambling
April 2, 2014