MGM China Holdings Limited released key figures from its unaudited third-quarter 2026 results, drawn from disclosures by controlling shareholder MGM Resorts International. The casino operator reported its highest-ever quarterly revenue and a record Macau market share of 17.1%.
Revenue and Earnings • Group revenue rose 4.9% year-on-year to HK$8.93 billion for the three months ended 30 September 2026. • Group adjusted EBITDA edged up 0.9% to HK$2.39 billion. • For the first nine months of 2026, revenue reached HK$26.32 billion, up 4.6%, while adjusted EBITDA slipped 1.0% to HK$7.18 billion.
Property Performance • MGM Macau contributed HK$3.47 billion in Q3 revenue (+2.3% YoY) and HK$0.86 billion in adjusted EBITDA (-5.5% YoY). • MGM Cotai generated HK$5.42 billion in revenue (+6.0% YoY) and HK$1.52 billion in adjusted EBITDA (+4.4% YoY). • A modest HK$30.84 million of revenue and HK$7.33 million of EBITDA came from other business lines.
Key Operating Metrics – Q3 2026 MGM Macau – Main-floor table drop fell 12.8% to HK$12.63 billion, yet win rose 2.2% to HK$3.40 billion as hold improved to 26.9% (2025: 23.0%). – VIP turnover declined 19.3% to HK$4.91 billion, but VIP win climbed 30.7% to HK$155.27 million on a higher 3.2% win rate (2025: 2.0%). – Slot handle increased 10.9% to HK$8.32 billion; slot win advanced 21.7% to HK$315.83 million. – Hotel occupancy reached 93.7% with REVPAR of HK$2,530.
MGM Cotai – Main-floor table drop dipped 6.5% to HK$16.25 billion, while win improved 1.4% to HK$4.61 billion as hold rose to 28.4% (2025: 26.2%). – VIP turnover eased 1.4% to HK$21.39 billion; VIP win fell 4.4% to HK$911.16 million on a 4.3% win rate. – Slot handle surged 47.3% to HK$15.20 billion; slot win nearly doubled to HK$556.84 million. – Hotel occupancy stood at 94.3% with REVPAR of HK$2,246.
Parent-Company (US GAAP) View MGM Resorts International reported MGM China revenue of USD1.14 billion (+4% YoY) and segment adjusted EBITDAR of USD263.98 million (-7% YoY) for Q3 2026, noting a USD22 million rise in intercompany branding license fees to USD41 million.
Regulatory Note All figures for MGM China are unaudited and prepared under IFRS Accounting Standards, whereas MGM Resorts International reports under US GAAP; amounts are therefore not directly comparable. Shareholders are advised to interpret the data accordingly and exercise caution when dealing in MGM China securities.
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