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MGM China Holdings Ltd

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and operates MGM Macau, an integrated resort that includes a casino with slot machines, gaming tables, multiple VIP, and private gaming areas; a hotel with rooms, suites, and villas; and amenities, including restaurants, retail outlets, pool, and spa facilities, as well as a convention space and museum. The company also owns MGM COTAI, a resort that consists of a casino with slot machines and gaming tables; hotel with rooms, suites, and skylofts; restaurants and bars; retail outlets; and meeting space, as well as other non-gaming offerings. In addition, it is involved in the provision of outsourcing services, including information technology, accounting, human resources, hotel reservation, and convention consultation. The company was incorporated in 2010 and is headquartered in Macau. MGM China Holdings Limited operates as a subsidiary of MGM Resorts International Holdings, Ltd,

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2282.HK▼

Macau gaming revenue falls 8.4% in July on World Cup and typhoon disruptions

Macau gross gaming revenue fell 8.4% year over year in July to 20.3 billion patacas, or 2.5 billion dollars, according to the Gaming Inspection and Coordination Bureau. The tally was up 5.9% from June. Citi noted that premium player betting action was down 19% from a year earlier, with the World Cup a factor for the second straight month, while two typhoons also impacted traffic to and from Hong Kong and Guangdong province. For the first seven months of 2026, Macau gross gaming revenue is up 4.4% year over year to 147.2 billion patacas, or 18.2 billion dollars. Jefferies forecasts Macau gross gaming revenue will rise 2% in the third quarter and 4% in the fourth quarter, supported by events including K-pop groups Babymonster, TWS, and Enhypen, Taiwanese singer Zhao Chuan, and the NBA China Games.
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MGM expects to deploy about $1 billion annually in Osaka for 2027 and 2028, targeting a fall 2030 opening

MGM Resorts International signaled it will spend roughly $1 billion in each of 2027 and 2028 on its integrated resort project in Osaka, Japan, while maintaining a fall 2030 opening timeline. CFO Jonathan Halkyard said during the company's second-quarter earnings call that the funding commitment for the second half of 2026 is expected to be $125 million to $175 million, and the project remains on time and on budget. The update came as MGM reported record second-quarter consolidated net revenue, with all-time best same-store quarterly revenue from regional operations and 20% year-over-year revenue growth at MGM Digital. In Macau, MGM China held a 16.4% market share, up a full percentage point sequentially, despite a temporary World Cup impact on June volumes. The company also disclosed that its board formed a special committee to review an unsolicited offer from People Incorporated, though executives declined to answer questions on the matter.
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