HONG KONG, April 30, 2026 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2026 (the "Period").

The Group is pleased to see Macau's average daily visitor arrival in the first quarter up 14% year-on-year to 124,599. Gross gaming revenue (GGR) in Macau rose by 14% year-on-year, with daily GGR reaching a post-pandemic high.

• MGM China saw net revenue up 10% year-on-year to HK$8.8 billion. Daily total GGR grew 13% year-on-year, and daily mass GGR (including slot) surged 19% to historical high.

• Adjusted EBITDA grew 4% year-on-year to HK$2.5 billion. The Group saw VIP hold percentage at 2.5%, compared with 3.5% a year ago. Adjusted EBITDA margin for the Period was 28.0% (25Q1: 29.6%).

• By property, MGM COTAI saw revenue up by 10% year-on-year to HK$5.3 billion. Adjusted EBITDA rose 11% to HK$1.6 billion. Adjusted EBITDA margin gained 20 basis points to 30.5%. VIP hold was 3.4% (25Q1: 3.4%).

• MGM MACAU's revenue was up by 9% year-on-year to HK$3.4 billion. Adjusted EBITDA was HK$832 million (25Q1: HK$903 million). VIP hold was 0.6% (25Q1: 4.2%).

• MGM China saw overall GGR marketshare at 15.4% (25Q1: 15.7%). Estimated Mass (including slot) marketshare grew to 16.2%, (25Q1: 15.8%) and VIP marketshare was 10.2% (25Q1: 15.4%).

• Average occupancy was 93.9% for the Period (25Q1: 93.3%).

• MGM China maintained a healthy financial position. As of March 31, 2026, the Group had total liquidity of approximately HK$25 billion, comprised of bank balances and cash and available undrawn credit facilities.

During the Period, MGM China is again recognized with seven Five-Star Awards from Forbes Travel Guide, reaffirming our unwavering commitment to delivering exceptional guest experiences. This year marks a milestone as MGM MACAU earns its 11th consecutive Five-Star rating, while Tria Spa at both MGM MACAU and MGM COTAI receives the accolade for the seventh consecutive year. In addition, Emerald Tower, Skylofts, Five Foot Road at MGM COTAI, and Imperial Court at MGM MACAU, have each been honored with Five-Star recognition for the fifth consecutive year, underscoring MGM's consistent excellence across accommodation, wellness, and dining.

In February, the Group celebrated the opening of the renowned Singapore dining brand Chatterbox Café at MGM MACAU, its first Macau outpost. With a legacy spanning over five decades, Chatterbox is rooted in classic Singaporean cuisine and has grown into a highly recognized culinary brand across Asia, distinguished by blending authentic flavors and contemporary culinary skills. By bringing this emblematic international brand to Macau, MGM not only expands the city's dining diversity for both locals and visitors, but also further elevates Macau's global culinary landscapes, strengthening the city's reputation as a UNESCO Creative City of Gastronomy.

The Group also continues to invest in its competitive advantages to support future growth. MGM COTAI has recently completed the suite conversion and refurbishment of premium gaming area. The Prime Wellness Suites include approximately 60 keys and opened before the May Golden Week.

Kenneth Feng, Chief Executive Officer of MGM China said: "Our outstanding performance demonstrates our deep understanding of customers and focus on what they truly want. It also honors our team's commitment and effort in improving products and service levels as well as crafting compelling experiences for our guests."

The Group plans to renovate the hotel suites at MGM MACAU, to ensure the offerings stay fresh and along with evolving customer taste, further strengthening the complementary positioning of our properties – with MGM MACAU as the leading property on the Peninsula and MGM COTAI as the preferred destination for premium customers.

"We are committed to bringing more unique and integrated experiences to our customers, to develop Macau into a global and diversified tourist destination through our concession commitments," said Kenneth Feng.

About MGM China Holdings Limited
MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

HONG KONG, Feb. 6, 2026 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the 12 months ended December 31, 2025 (the "Year").

The Group is pleased to see Macau continuing to grow in 2025. The city welcomed a record visitation of approximately 40 million in 2025, up from 34.9 million in 2024. Daily visitation was up 15% to 109,779.

Gross gaming revenue (GGR) also continued to grow last year. Full-year industry GGR was up 9% year-on-year to approximately MOP247 billion or daily MOP678 million in 2025, representing 85% of 2019. Each subsequent quarter delivered sequential acceleration of 1%, 8%,13% and 15% growth respectively in 2025.

• MGM China saw record growth in various business segments in 2025. Property visitation rose 14% year-on-year. Daily GGR was up 11%.
  
  
• Net revenue of the Group grew by 11% year-on-year to HK$34.8 billion in 2025.
  
  
• Adjusted EBITDA also grew by 10% to historical high of HK$10 billion in 2025. The Group maintained adjusted EBITDA margin at 28.8% (2024: 28.9%), with a mass-focused business and sustaining operational efficiency.
  
  
• MGM China saw market share at new high of 16.1%, further climbed from 15.8% in 2024. MGM COTAI market share was 10.1% and MGM MACAU was 6.0%.
  
  
• The Group maintained a healthy financial position. As of December 31, 2025, the Group had a total liquidity of approximately HK$24 billion, comprised of bank balances and cash and undrawn revolver.

MGM continues its hospitality legacy with seven five-star awards by Forbes Travel Guide 2025, featuring the team's dedication to delivering exceptional experiences.

During the Year, MGM MACAU introduced Alpha Villas with a total of 28 keys. Together with launch of Alpha Club also at the Peninsula property and completion of other refurbishment projects, MGM MACAU provides an elevated experience especially for premium customers, reflecting our understanding of their latest tastes and trends.

Our residency show Macau 2049 at MGM COTAI, jointly created by MGM and acclaimed director Zhang Yimou, was awarded the Weibo Cultural Tourism IP Award at the 2025 "Weibo Travel Night". The award reaffirms our achievements in cultural tourism communication and underscores our support for developing Macau as a platform for exchange and cooperation, where Chinese culture is the mainstream while diverse cultures coexist. Since its premiere, Macau 2049 has attracted an international audience with over 30% coming from overseas, a remarkable testament to its expanding global appeal and its ability to spark worldwide interest in traditional Chinese culture.

At MGM MACAU, POLY MGM MUSEUM reached a remarkable milestone by welcoming its one-millionth visitor in November last year. Spanning across nearly 2,000 square meters, the museum is meticulously built to meet national standards for exhibiting Grade-One cultural relics. It blends traditional craftsmanship with advance technology to create an immersive and world-class cultural experience for visitors.

The inaugural exhibition - The Maritime Silk Road – Discover the Mystical Seas and Encounter the Treasures of the Ancient Trade Route – was awarded the International and Hong Kong, Macao, Taiwan Cooperation Award by "Top Ten Museum Exhibitions" in China. The museum is currently presenting its second exhibition - Silk Roads Beyond Borders - which traces the history of the overland Silk Road through more than 200 historical artifacts and contemporary artworks. Through imaginative curatorial storytelling, the exhibition recreates a dialogue between past and present, inviting visitors on a cultural journey that transcends time and space.

Kenneth Feng, Chief Executive Officer of MGM China said: "We are excited to see MGM China being a solid outperformer in the market, ending the year with record-high growth across various business segments. We are proud to have maintained solid marketshare of over 16% for the full year, as our operating team continues to command a strong understanding and relationship with the premium customer driving the market."

Following the launch of Alpha Villas, MGM COTAI has begun converting rooms into approximately 60 new suites, further strengthening the complementary positioning of our properties - with MGM MACAU as the leading property on the Peninsula and MGM COTAI as the preferred destination for premium customers.

"We are committed to creating quality experiences for our visitors, aligning our offerings with the Macau Government's vision to develop the city into a global and diversified tourist destination. With more non-gaming and entertainment events taking place across Macau, we believe people will have even more reasons to visit, driving long-term and sustainable growth for the city," said Kenneth Feng.

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

Market Share Continued to Grow

HONG KONG, Feb. 13, 2025 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and 12 months ended December 31, 2024.

The Group is pleased to see Macau continuing to grow in 2024. The city welcomed 34.9 million visitors in 2024, up by 24% from a year ago. Daily visitation reached 95,433, represents a recovery of 88% of 2019 pre-COVID levels.

Gross gaming revenue (GGR) also grew in 2024. Industry GGR was up 24% year-on-year to MOP620 million per day in 2024, recovered to 77% of 2019.

• MGM China continued to outperform industry recovery in 2024. Property visitation grew 54% year-on-year, reached 163% of 2019. Daily GGR was up 29% to 129% of 2019. Mass GGR (including slot) was up 33% to reach 179% of pre-COVID levels.
• Net revenue of the Group grew by 27% to HK$31.4 billion in 2024, or 138% of 2019.
• Adjusted EBITDA also reached historical high of HK$9.1 billion in 2024, up by 25% from a year ago, represented 147% of 2019.
• MGM China saw market share at all-time high of 15.8% in 2024, up from 15.2% in 2023 and compared to 9.5% in 2019. MGM COTAI market share was 9.3% and MGM MACAU was 6.5%.
• Adjusted EBITDA margin was 28.9% in 2024, 170 basis points higher than 2019, with a mass-focused business and continuous improvement in operational efficiency.
• Hotel occupancy reached 94% in 2024, up from 92.5% in 2023.
• The Group maintained a healthy financial position. As of December 31, 2024, the Group had a total liquidity of approximately HK$17.2 billion, comprised of cash, cash equivalents and undrawn revolver.

With a guest-centric focus, MGM is awarded during the Period seven Five-Star awards by Forbes Travel Guide 2024. It demonstrates our leading position in the hospitality industry and its commitment to providing the finest service and resort amenities.

During 2024, MGM China has proudly delivered a series of non-gaming events and excitements to Macau. We have hosted in January an outdoor concert with Bruno Mars, the 15-time Grammy Awards-winner. We had also presented with world-renowned musician Tan Dun his symphonic masterpiece Buddha Passion at the MGM Theater at MGM COTAI. In October to December, we celebrated the German beer festival with our annual mega event Oktoberfest Macau at MGM 2024; we also hosted MGM Chef Nic Gastronomusic Fest for the third year at MGM COTAI. The multi-sensorial cultural IP extravaganzas fully leverage on Macau as an interactive platform for diverse cultural exchange, which brings international gastronomy and musical culture to the city. These events also reinforce Macau's golden calling cards as a "Creative City of Gastronomy" and "City of Performing Arts".

As an advocate of cultural tourism, Poly MGM Museum opened at MGM MACAU in November 2024 in a collaboration with the Poly Culture Group. Spanning across nearly 2,000 square meters, the museum has been meticulously designed to meet national standards for exhibiting Grade-One cultural relics, blending traditional craftsmanship with cutting-edge technology to create an immersive experience for visitors. The inaugural exhibition, entitled The Maritime Silk Road – Discover the Mystical Seas and Encounter the Treasures of the Ancient Trade Route, features an array of 228 artifacts and artworks tracing the route's rich history.

In the seemingly exciting December, MGM has joined hands with the renowned Chinese filmmaker Zhang Yimou to present a groundbreaking residency show - Macau 2049 at the MGM Theater. The unparallel show transcends time and space while bridging culture of the east and the west, through the celebration of Chinese performance arts.

Kenneth Feng, President and Executive Director of MGM China said: "We are exhilarated to have nearly 500,000 visitors to date to our Poly MGM Museum, and a ticket sale of over 42,000 for Macau 2049. Through the offering of these one-of-the-kind IP experiences, we are dedicated to drive non-gaming revenues and visitation to Macau, promoting cultural tourism and economic diversification."

Outside our properties, MGM China goes beyond leveraging our cultural tourism strengths and joins effort to revitalize local district in Macau. The Group has introduced a series of art exhibitions, workshops, retails and leisure activities in the world heritage A-Ma Temple area to enhance community engagement efforts in the Barra district, driving the area's future development.

Kenneth Feng said: "We are delighted to see the recovery in Macau, along with the diversification development of the city. We are committed to developing Macau into a global and diversified tourist destination through our concession commitments."

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

Market Share Reached 16.5%

HONG KONG, Aug 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for second quarter and the first half of 2024 (the "Period").

The Group is pleased to see Macau continue to grow. Total visitor arrivals in first half of year increased 43% year-on-year to 91,868 per day. The visitation recovered to 82% of first half 2019.

Gross gaming revenue (GGR) in Macau was up 41% from same period in last year to MOP 625 million per day, represented a 76% recovery of first half 2019. In addition, mass gaming revenue grew 45% compared to a year ago, represented 111% of 2019. The continuous growth of mass market has boosted industry EBITDA to have recovered to an estimated 80-85% of 2019 pre-COVID levels.

• MGM China continued to outperform the market amid of industry recovery. Property visitation was up 85% year-on-year or represented 153% of 2019. Net revenue grew by 52% year-on-year to HK$16.2 billion for the Period, reached 144% of same period in 2019.
• The Group reported adjusted EBITDA of HK$ 4.9 billion for the Period, grew by 57% from a year ago. Adjusted EBITDA surpassed pre-COVID level at 161% of same period in 2019.
• We are glad to see market share further climbed to 16.5% for the Period, from 14.9% a year ago and 9.5% in 2019. MGM COTAI market share was 9.8% and MGM MACAU market share was 6.7%.
• Adjusted EBITDA margin for the Period reached record high of 30.5%, compared to 29.7% for same period in 2023 and 27.2% in 2019. It was attributed to our mass-focused business and continuous improvement in operational efficiency.
• Average occupancy was 93.9% for the Period (1H23: 91.7%).
• On a property basis, MGM COTAI recorded revenue of HK$9.5 billion (1H23: HK$5.7 billion) and an adjusted EBITDA of HK$2.8 billion (1H23: HK$1.7 billion).
• MGM MACAU had revenue of HK$6.8 billion (1H23: HK$4.9 billion) and an adjusted EBITDA of HK$2.1 billion (1H23: HK$1.5 billion).
• On a quarterly basis, Market daily visitation in second quarter 2024 reached 79% of pre-COVID levels. Daily GGR reached 77% of 19Q2. Mass GGR was estimated to be 111% of 19Q2.
• MGM China, in the second quarter, saw property visitation exceeded pre-COVID levels to 156% of same period in 2019. Daily GGR was 134% of 19Q2. Mass GGR was 185% of same period in 2019.
• Revenue of the Group was HK$8.0 billion, 144% of 19Q2. Adjusted EBITDA was HK$2.4 billion, 168% of 19Q2. Adjusted EBITDA margin was 30.7% (19Q2: 26.3%).
• The Group maintained a healthy financial position. As of June 30, 2024, the Group had total liquidity of approximately HK$16 billion, comprised of cash and cash equivalents and undrawn revolver.

With a guest-centric focus, MGM is awarded in February seven Five-Star awards by Forbes Travel Guide 2024. This demonstrates our leading position in the hospitality industry and its commitment to providing the finest service and resort amenities.

During the Period, MGM China has proudly delivered a series of non-gaming events and excitements to Macau. We have hosted in January an outdoor concert with Bruno Mars, the 15-time Grammy Awards-winner. We had also presented with world-renowned musician Tan Dun his symphonic masterpiece Buddha Passion at the MGM Theater at MGM COTAI. As a supporter of cultural tourism, MGM has showcased an exhibition with renowned Chinese contemporary artist Ren Zhe in his first-ever solo Macau show, MGM X Ren Zhe – 'Legends of Chivalry' Art Exhibition, featuring art pieces of classic characters from Jin Yong's martial arts novels.

Joining the Macao Government's initiative to expand international market reach, the Group hosted in June its first large-scale overseas promotional campaign in Bangkok, Thailand and participated in the Experience Macao roadshow in Bangkok organized by the Macao Government Tourism Office, to attract more visitors from Southeast Asia.

Kenneth Feng, President and Executive Director of MGM China said: "We are delighted to see our continuous growth and outperformance driven by our deep understanding and customers and our ability to adapt swiftly to their preferences.

"We are committed to bringing more unique and integrated experiences to our customers, to align our offerings with the Macau Government's vision to develop the city into a global and diversified tourist destination," said Kenneth Feng. 

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

HONG KONG, Nov. 9, 2023 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and nine months ended September 30, 2023.

The Group is pleased to see a solid recovery in Macau since the beginning of the year. Macau saw average daily visitor arrival for the third quarter reach 90,025, up by 22% from the second quarter, recovered to 84% of pre-COVID levels of the same period in 2019.

Visitation recovery has boosted gross gaming revenue (GGR). Industry GGR rose 7% quarter-to-quarter to MOP531 million per day, representing 69% of pre-COVID levels, compared to 62% recovery in the second quarter. Industry EBITDA in the third quarter was recovered to an estimated 80% of the same period in 2019.

• MGM China continues to outperform industry recovery and grow from 2019. Third-quarter property visitation was 121% of the same period in 2019. Daily GGR was 101% and mass GGR (including slot) was 137% of 2019.
• Net revenue of the Group grew by 10% to HK$6.4 billion for the quarter compared to 2019.
• The Group reported adjusted EBITDA of HK$1.9 billion for the quarter, 122% of 2019, consistently outperforming the market.
• We maintained market share at 14.3% for the quarter, up from 9.5% in FY2019. MGM MACAU market share was 6.4% and MGM COTAI market share was 7.9%.
• Adjusted EBITDA margin for the quarter also grew 280 basis points to 29.6% from 26.8% in 2019, with a mass-focused business and continuous improvement in operational efficiency.
• On a property basis, MGM MACAU recorded revenue of HK$2.9 billion for the quarter (3Q19: HK$2.9 billion) and an adjusted EBITDA of HK$880.5 million (3Q19: HK$855.6 million).
• MGM COTAI had revenue of HK$3.5 billion for the quarter (3Q19: HK$2.8 billion) and an adjusted EBITDA of HK$1.0 billion (3Q19: HK$692.9 million).
• The Group maintained a healthy financial position. As of September 30, 2023, the Group had a total liquidity of approximately HK$18.2 billion, comprised of cash, cash equivalents and undrawn revolver.

The Group experienced a robust Golden Week in October, during which market GGR in the month reached a post-pandemic high of MOP19.5 billion, reaching 74% of 2019's and implying a daily run-rate of MOP629 million.

MGM China market share rose to 15.5% in October, and 14.8% year to date.

Kenneth Feng, President and Executive Director of MGM China said: "We are excited about the recovery in Macau, along with the diversification development of the city. We will continue investing in the gaming floor to enhance table yield. At the same time, we are committed to bringing in more unique integrated tourism experiences to attract international visitors."

During the quarter, MGM had hosted a variety of exciting events in Macau. In August, MGM collaborated with Robb Report Hong Kong to present MGM x RR1 Culinary Masters Macau for a four-day deluxe dining extravaganza – where a team of international and local award-winning chefs came together to create gourmet meals featuring the world's top wines and delicacies for international guests from over 10 countries. The event fully demonstrates Macau's unique position as a UNESCO Creative City of Gastronomy and its cultural attributes fusing Chinese and Western elements.

Also in August, Asian renowned band Mayday dazzled in a one-night exclusive concert at MGM COTAI with their megahits in their first outdoor performance in Macau. The concert took place against the stunning backdrop of MGM COTAI's jewelry box design, creating a mesmerizing night view of the skyline, as another testament to MGM's dedication to providing diverse cultural tourism experiences.

As a supporter of cultural tourism, MGM again collaborated with world-renowned Portuguese artist Joana Vasconcelos to present a large-scale art installation Valkyrie Miss Dior at MGM COTAI. While at the MGM Theater, the Group presented the signature exhibition titled To Infinity and Beyond, which drew on the avant-garde concept of "ART-TECH-TAINMENT" to showcase artworks created since the 1960s by prestigious Chinese contemporary artists Hsiao Chin, as an initiative to support the city-wide international event Art Macao organized by the Macao SAR government.

At MGM MACAU, we hosted an art appreciation exhibition with Buccellati in September at the Grande Praca. The Timeless Beauty with Century-Old Craftsmanship exhibition showcased some exquisite collections and demonstrated the exceptional craftsmanship of the refined Italian jewelry maker to the public in Macau.

"MGM has always trailblazed the innovative fusion of 'Art+Tourism', creating art and cultural programs of international standard that seamlessly integrate into our daily lives. We are committed to developing Macau into a global and diversified tourist destination through our concession commitments," said Kenneth Feng.

About MGM China Holdings Limited
MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

Mass GGR New High Reached 107% of 2019 First Quarter

HONG KONG, May 2, 2023 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March  31, 2023 (the "Period").

Macau saw a pick up of visitation soon after the lifting of travel restrictions and quarantine requirements from COVID-19 pandemic in late December. Average daily visitor arrival for the Period reached approximately 55,000, compared to approximately 21,000 a year ago. Average daily visitation for the Period recovered to 48% of first quarter 2019, and it experienced month-on-month growth during the Period and reached approximately 63,000 in March.

The ease of travel restrictions to Macau also boosted the market gross gaming revenue (GGR). Industry daily GGR nearly doubled to MOP385 million, represented a 45% recovery of first quarter 2019.

• MGM China continued to outperform the market amid of industry recovery. Net revenue of the Group increased by 131.2% year-on-year to HK$4.8 billion for the Period, reached 84% of first quarter 2019. 
• The Group reported adjusted EBITDA of HK$1.4 billion, significantly improved from HK$46 million same period last year, reached 87% of first quarter 2019.
• Daily GGR for the Period recovered to 76% of first quarter 2019, outperformed industry's 45% recovery.
• MGM China saw record high mass GGR during the Period. Daily mass GGR surpassed pre-COVID levels at 107% of first quarter 2019, higher than market's 60-70% levels.
• We saw market share reach historical high of 15.4% during the Period, compared to 13.3% a year ago and 9.4% in first quarter 2019. MGM MACAU market share was 7.5% and MGM COTAI market share was 7.9%.
• Adjusted EBITDA margin also grew to 29.2%, compared to 28.1% in first quarter 2019, with a mass-focused business and continuous improvement in operation efficiency.
• Average occupancy was 90.5%, compared to 49.2% same period a year ago.
• On a property basis, MGM MACAU recorded revenue of HK$2.3 billion (22Q1: HK$1.2 billion) and an adjusted EBITDA of HK$695 million (22Q1: HK$153 million).
• MGM COTAI saw revenue of HK$2.5 billion (22Q1: HK$914 million) and an adjusted EBITDA of HK$718 million (22Q1: negative adjusted EBITDA of HK$108 million).
• The Group maintained a healthy financial position. As of March 31, 2023, the Group had total liquidity of approximately HK$15.5 billion, comprised of cash and cash equivalents and undrawn revolver.

The Group was grateful for the team's effort in achieving the outperformance. It also demonstrated our key structural incremental advantages, including:

• our deep understanding of customers with continued improvements in service levels;
• we improved our offering, with remodels of the main gaming floors at both MGM MACAU and MGM COTAI to focus on mass and premium mass customers;
• we also have the advantage of our global scale and international branch marketing network. We are actively leveraging our customer database to bring global customers to our properties; and
• enhancing profitability with additional tables.

Under the gaming concession contract effective January 1, 2023, the Group is entitled to operate a total of 750 gaming tables, compared with 552 gaming tables previously, represents a 36% increase. All the tables were licensed as of the end of the first quarter. We will open them and increase productivity as demand returns and we complete further refurbishments on the gaming floors.

Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "Our remarkable performance in Macau is a direct result of the meticulous preparation and well-executed plan put together by our team who ensured that we were ready to capture market share and drive results upon market reopening.

"The recovery in Macau has been encouraging. We will stay dedicated to fulfilling our commitments to the Macau Government. We look forward to working alongside them as we support Macau's positioning as a World Center of Tourism and Leisure," said Kenneth Feng.

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

Awarded 10-Year Macau Gaming Concession Contract

Positioned for Market Recovery

HONG KONG, Feb. 9, 2023 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months and 12 months ended December 31, 2022 (the "Year").

Macau and Greater China were under the adverse impact of the COVID-19 pandemic in 2022. Related travel restrictions including tightened safeguard measures and border controls have severely weakened the city's visitation. Macau visitor arrivals was down by 26% year-on-year to 5.7 million, compared to 7.7 million in 2021 and a record 39.4 million in 2019. Visitation from mainland China declined by 28% year-on-year to 5.1 million in 2022.

As a result, market-wide gross gaming revenue (GGR) was down 51% year-on-year to MOP42.2 billion, approximately 14% of pre-pandemic level in 2019. Operations were temporarily suspended including casino closures at both our properties at certain times during the Year as a result of pandemic outbreak in Macau.

• During the Year, MGM China had net revenue of approximately HK$5.3 billion, compared to HK$9.4 billion previously. The Group recorded negative adjusted EBITDA of approximately HK$1.3 billion, compared to adjusted EBITDA of approximately HK$187 million previously. Occupancy was 34.1% in 2022 compared to 57.2% in the 2021.
• MGM China continued to outperform the market despite the market weakness. The Group's daily GGR in 2022 was 21% of 2019 level, higher than the market's performance. Market share grew further to record-high of 13.7% in 2022, from 12.5% in 2021 and 9.5% in 2019 pre-pandemic time.
• The Group maintained a healthy financial position. As of December 31, 2022, the Group had total liquidity of approximately HK$13.9 billion, comprised of cash and cash equivalents and undrawn revolver.
• The Group was grateful for the team's effort in achieving the outperformance. It also demonstrated our strategic efforts in:
• casino floor renovation to retain critical mass of players;
• full hotel product mix including Emerald Villa and The Mansion tailored for high-end players;
•  various marketing efforts in producing quality programs, exhibitions, calendar of events and promotions to attract new visitors and players; and
• continued improvements in service levels and operation efficiency.
• In December, MGM Grand Paradise Limited ("MGM Grand Paradise") was awarded the new 10-year gaming concession contract, effective January 1, 2023. Under the gaming concession, MGM Grand Paradise is entitled to operate a total of 750 gaming tables and 1,700 slot machines, compared with 552 gaming tables and 1,701 slot machines previously. Along with our effort and commitment in enhancing customer experience, we look forward to further growth in the market.

In November, electronic applications of individual and group travel visas to Macau for mainland China residents resumed while other travel restrictions started to substantially eased in December. Mandatory isolated quarantine for all inbound visitors was scrapped, followed by cancelation of nucleic acid test requirement for visitors from mainland China, Hong Kong and Taiwan as well as Hong Kong-Macau ferry resumption in January this year. These paved the way for a recovery for Macau.

The total visitor arrivals have significantly increased in January. The daily average Macau visitation during Chinese New Year (CNY) increased to over 64,000 for January 21-27, compared to the average of approximately 14,500 in fourth quarter last year. Visitation hit over 90,000 on January 24 or the third day of CNY.

The ease of travel restrictions to Macau also boosted the market GGR. GGR more than tripled month-on-month or jumped 83% year-on-year to MOP11.6 billion in January.

Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "We are excited to see a market rebound in 2023 as our guests are returning in force. The relaxation of travel restrictions and the entertainment events organized during CNY resulted in strong visitation to Macau and our properties. We see the encouraging results as validation in our confidence in the Macau market's recovery and long-term viability upon which our retendering commitments are built. 

"As we look beyond the strong January and CNY, we are highly confident in the trajectory for Macau and MGM China. We will stay dedicated to fulfilling our commitments to the Macao SAR government, demonstrate further strength in the integrated tourism and leisure industry and continue to make contributions to Macau," said Kenneth Feng.

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

HONG KONG, Nov. 3, 2022 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and nine months ended September 30, 2022.

Macau and Greater China are under the adverse impact of the COVID-19 pandemic in 2022. A local outbreak in Macau at end-June led to safeguard measures, including a 12-day suspension of business activities in July and tightened travel and border controls during the quarter, have severely hampered Macau visitation.

Daily visitor arrivals for Macau and visitation from mainland China both decreased by 44% from the second quarter.

Headline GGR in the third quarter was down further hit the lowest level since the border opened. Market-wide GGR was down 35% quarter-to-quarter to MOP5.5 billion, representing 8% of pre-pandemic levels.

• During the third quarter, MGM China recorded total revenue of approximately HK$687 million, compared to HK$1.1 billion in the second quarter. The Group recorded negative adjusted EBITDA of approximately HK$536 million, compared to negative adjusted EBITDA of approximately HK$382 million previously. Occupancy was 21% in the third quarter, compared to 25.6% in the second quarter.
• MGM China had market share of 13.2% for the third quarter. Our GGR in third quarter was 11% of 19Q4 pre-pandemic levels, compared to 8% market levels. Our team focuses on positioning our properties to capture opportunities in premium mass business and preparing for return of demand in the longer term while controlling cost.
• The Group maintained a healthy financial position. As of September 30, 2022, the Group had total liquidity of approximately HK$9.9 billion, comprised of cash and cash equivalent and undrawn revolver.

During the reporting period, Macau has made significant progress and set preparation for retendering of gaming concession. On July 1, the Macau Chief Executive approved Administrative Regulation 28/2022, which covers details of the bidding for gaming concessions, the qualifications of bidding companies and the criteria for granting. On July 28, the Chief Executive Dispatch was published and announced the opening of the public tender.

We have officially submitted in September our application for a new concession and we remain committed to supporting Macau's continual development as a world-class tourism and leisure destination. The Macau government is in the process of reviewing each of the concessionaire proposals and it is expected the granting of the new concession to be announced by the end of the year.

On the other hand, the China's National Immigration Administration has announced it accepts applications for electronic travel permits for mainland residents to travel to Macau, started November 1. This resumption includes group tour visas and Individual Visitor Scheme visas for all 49 eligible cities. The Administration further stated that Mainland Chinese's demand for travel to Macau has been increasing.

Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "We aim to support the Macau government in achieving its diversification goals and will continue to invest in innovative projects and programs that help the region flourish. We expect the travel relaxation measures will drive a gradual recovery in visitation. We look forwards to participating in the future development of Macau."

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/sub-concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

HONG KONG, May 3, 2022 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2022 (the "Period").

• Macau and Greater China continued to be under the severe impact of the COVID-19 pandemic in 2022. We saw demand pick up during the Chinese New Year (CNY). Visitation to Macau increased 26% year-on-year during the six-day holiday period. MGM saw growth of rated mass player count and table volume across both properties while hotel occupancy reached 93% for MGM MACAU and 72% for MGM COTAI.
• However, with the widening pandemic outbreaks in mainland China during the quarter, many Chinese provinces have imposed lockdown measures as well as enhanced travel and border controls. Macau had also tightened requirements for inbound travelers. These all resulted in a decline of Macau's gross gaming revenue (GGR).
• First-quarter market-wide GGR was down by 25% year-over-year to MOP17.8 billion. Daily GGR was at 25% of 2019 fourth-quarter pre-pandemic level.
• MGM China saw first-quarter daily GGR at 35% of 19Q4 level, outperforming the market with our meticulous focus on service and product coupled with our strength in the premium segment. In the same period, we grew our market share to 13.3% compared to 11.5% a year ago.
• For the Period, MGM China recorded total revenue of approximately HK$2.1 billion (21Q1: HK$2.3 billion). It had an adjusted EBITDA of approximately $46 million (21Q1: HK$84 million).
• MGM MACAU recorded revenue of HK$1.2 billion (21Q1: HK$1.3 billion) and an adjusted EBTIDA of HK$153 million (21Q1: HK$170 million). It is by far the best performing mass gaming property on the Peninsula, boasting the highest mass table win since May 2021. Hotel occupancy was at 73% for the Period.
• MGM COTAI recorded revenue of HK$914 million (21Q1: HK$981 million) and a negative adjusted EBITDA of HK$108 million (21Q1: -HK$86 million). Hotel occupancy was 39% for the Period.
• The Group maintained a healthy financial position. As of March 31, 2022, the Group had total liquidity of approximately HK$12 billion, comprised of cash and cash equivalents and undrawn revolver.

On March 3, the Macau Government announced their intention to extend the term of Macau's six concession and sub-concession contracts for six months until December 31, 2022 and invited the concessionaires and sub-concessionaires to submit a formal request for the extension. On March 11, MGM submitted its request for the extension along with a commitment to pay the premium to the Macau Government.

Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "We will continue to work with the government on retendering as Macau is an important part of our future. We look forward to further promoting the long-term development of Macau's gaming industry and supporting the government's tourism and diversification goals for the region."

The Group will maintain focus on understanding and addressing the needs of our customers. "We strive for ongoing improvements over our gaming floors, product offering and services. We believe that once demand returns, we are well-positioned for growth, particularly in our premium mass and mass segments," said Kenneth Feng.

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/sub-concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

Despite the ongoing impact of the COVID-19 pandemic in 2021, Macau has been seeing a gradual recovery. The city recorded a 31% growth in visitation to 7.7 million, 80% lower than in 2019 as a result of various travel restrictions and quarantine measures. Gross gaming revenue (GGR) grew 44% year-on-year to MOP87 billion, approximately 30% of the pre-pandemic level.

• During the Year, MGM China's net revenue soared by 85% to approximately HK$9.4 billion. The Group had a turnaround to an adjusted EBITDA of approximately HK$390 million, compared to a negative adjusted EBITDA of HK$1.4 billion in 2020.
• The Group's daily GGR increased 81% year-on-year to approximately HK$29 million which was about 40% of the pre-pandemic level, higher than the market recovery level.
• MGM MACAU saw revenue up by 85% to approximately HK$5.2 billion and property EBITDA at approximately HK$564 million, compared to negative EBITDA of HK$384 million in 2020. Hotel occupancy rose to 79.8% (2020: 35.6%).
• MGM COTAI saw revenue up by 84% to approximately HK$4.2 billion while narrowed EBITDA loss to approximately negative HK$174 million from HK$988 million loss in 2020. Hotel occupancy rose to 47.2% (2020: 22.4%).
• MGM COTAI has introduced the Emerald Villa during the Year. The Villa is a tangible exemplar capturing MGM's enduring spirit of "Originality + Innovation." The launch of the spectacular award-winning suites enhanced our upscale suite offerings and complemented our room product portfolio to accommodate a wider breadth of guest types. The overall design of the Villa matches our branding standard.
• The Emerald Villa is well-received by our customers as well as international design experts. It is honored with double accolades for its interior design, namely the Winner for the SBID International Design Awards 2021 in the Hotel Bedroom & Suites Design category, and the Platinum Winner at the 2021 MUSE Design Awards in the Interior Design (Hotels & Resorts) category. MGM is the first in Macau to have received these two recognitions that honor exceptional interior design.
• With our meticulous focus on service and product coupled with our strength in the premium segment, MGM China grew its market share to 12.5% for the Year (2020: 9.9%) and reached an all-time record of 14% during the fourth quarter of 2021.
• The Group maintained a healthy financial position. As of December 31, 2021, the Group had total liquidity of approximately HK$13.2 billion, comprised of cash and cash equivalent and undrawn revolver.

MGM China welcomes and supports the timely unveiling of the launch of the "Amendment to the Macao SAR Gaming Law No. 16/2001" by the Macau Government, which has been passed to the Macau Legislative Assembly, beginning the process of the new gaming legislation. The bill provides details on the key aspects of the overall administrative procedures and timetable, outlining a framework and roadmap on the upcoming milestone of the retendering process which is critical to maintaining a healthy and sustainable development for the future of the gaming industry. At MGM China, we wish to express our sincere gratitude to the Macau Government for providing us guidance and assistance with the preparation of the tender submission.

Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "The recent constructive developments during the process of retendering reaffirm our confidence in Macau Government's judicious and fair approach to the process. Macau is an important part of our future and we will continue to work with the government on retendering.

"We remain cautiously optimistic towards a market recovery. We are going to see not just repeat customers, but new faces especially in the premium mass segment. We understand what our customers want and MGM China is well-positioned for the market's eventual rebound. As a corporate citizen in Macau for 20 years, we have a high conviction in the future success of this region. We look forward to further investing and promoting the long-term development of Macau and supporting the government's tourism and diversification goals for the region," said Kenneth Feng.

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

MGM COTAI Emerald Villa Gainers Accolades

HONG KONG, Nov. 4, 2021 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months and nine months ended September 30, 2021.

• Macau market saw a sequential decline materially on gross gaming revenue (GGR) during the third quarter of the year, reflecting the impact from the COVID-19 pandemic outbreak in Mainland China and Macau in August and September. Third quarter's market-wide GGR was down 26% quarter-to-quarter to MOP18.8 billion, 26% of 19Q4 pre-pandemic levels, due to tight traffic controls and frequent border disruptions. Visitations in 21Q3 also fell 17% sequentially.
  
  
• During the Period, MGM China outperformed the market with marketshare grew to approximately 13.8% in the third quarter, from 11.2% the previous quarter. Our daily GGR in the third quarter was 38% of 19Q4 pre-pandemic levels, compared to Macau market of 26%.
  
  
• For the third quarter, MGM China recorded total revenue of approximately HK$2.2 billion, down by 7% from second quarter. Adjusted EBITDA was approximately HK$101 million, down by 13% sequentially. Overall occupancy rate was 50.9%, compared to 65.5% in the previous quarter.
  
  
• On a property basis, MGM MACAU recorded revenue of approximately HK$1.2 billion in the third quarter (21Q2: HK$1.3 billion), and adjusted EBITDA of approximately HK$127 million (21Q2: HK$171 million). Occupancy was 71.3% (21Q2: 85.9%).
  
  
• Meanwhile, MGM COTAI recorded revenue of approximately HK$1 billion (21Q2: HK$1.1 billion) and narrowed loss to negative adjusted EBITDA of approximately HK$26 million (21Q2: negative HK$55 million). Occupancy was 41.8% compared to 56.6% in the previous quarter.
  
  
• The Group maintained a healthy financial position. As of September 30, 2021, the Group had total liquidity of approximately HK$13.4 billion, comprised of cash and cash equivalent and undrawn revolver.

During the period, MGM COTAI is preparing to launch the Emerald Villa. The Villa is a tangible exemplar capturing MGM's enduring spirit of "Originality + Innovation". Every villa is a treasure chest filled with enthralling art pieces and cultural elements, immersing its guests into an unbounded experience where modern aesthetics meets traditional Chinese heritage, echoing to MGM COTAI's stacked Chinese jewelry box exterior design.

The 28 spectacular suites, ranging from 128 sq meter to 371 sq meter, increase our upscale suite inventory and complement our room product portfolio that we can now accommodate different guest types. Merging tradition, creativity and technology into an eclectically harmonious space, the Emerald Villa is specially catered to stay on top of the latest market trends and appeal to the new generation of family travel.

The Emerald Villa is recognized by our customers as well as international design experts. It is honored to clinch double accolades for its interior design, namely the Winner for the SBID International Design Awards 2021 in the Hotel Bedroom & Suites Design category as well as the Platinum Winner at the 2021 MUSE Design Awards in the Interior Design (Hotels & Resorts) category, announced in October. MGM is by far the first in Macau to have received these two recognitions that honor exceptional interior designs worldwide.

Kenneth Feng, President, Strategic & Chief Financial Officer of MGM China said: "At MGM, craftsmanship reigns supreme. The Emerald Villa is the latest addition to our luxurious accommodation portfolio after our Emerald Suites, Skylofts and The Mansion at MGM COTAI. We offer our guests a wide diversity of extraordinary experience every time they choose to stay with us. When the market is recovering gradually, we believe MGM China is well positioned given our strength and focus in serving premium mass customers."

The Group believes the pace of Macau's recovery will continue to hinge on broader sentiment as well as the pace of vaccination rollouts throughout the region, which will ultimately lead to sustainable easing of travel restrictions. Macau saw its vaccination rate increased to 67% in October, while at MGM vaccination rate reached over 90%.

"As a corporate citizen in Macau for 20 years, we have high conviction in the future success of this region. We look forward to continue our effort with the government in Macau's long-term development and supporting the tourism and diversification goals of the region," said Kenneth Feng.

– END –

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/sub-concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.