Tag Archives: MGM China
- 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,...
- SJM continues market share lead in Macau
June 5, 2013
SJM Holdings Ltd. casino gross gaming revenue market share in Macau fell to 23 percent in May, but despite the 3-percent drop month-to-month, the casino operator still held on to its market leader status. According to unofficial market data compiled by Macau Business Daily, SJM's market share lead over Sands...
- MGM Cotai on schedule for 2016 completion
May 24, 2013
MGM Cotai, MGM China's second Macau casino and first at the Cotai Strip, only broke ground earlier this year yet CEO Grant Bowie is already confident that the integrated resort is already on track to be completed in mid-2016. Talking to Macau Business Daily, Bowie said that the casino is on...
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