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Business
February 26, 2025
MGM China Reportedly Looking to Borrow $2B
MGM China, the China-facing division of gaming & hospitality giant MGM Resorts, is reportedly looking to borrow $2 billion to expand its properties in Macau and refinance its outstanding debt. A Loan Makes Sense Considering MGM China’s Strong Position According to a report by Bloomberg, people familiar with the matter reported that MGM China is […]
Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability. The Q4 Report Was Mixed The fourth quarter of the year saw MGM Resorts report consolidated net revenues of $4.3 […]
Business
January 21, 2025
MGM China Unveils Salary Increase for 99% of Its Workforce
MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]
Business
December 31, 2024
Macau Concessionaires Unveil Bonuses for Employees
Several operators in Macau have unveiled special discretionary bonuses for most of their staff. As of the time of this writing, most of the concessionaires have announced similar bonuses, affecting thousands of workers. Wynn Thanked Its Employees for Their Incredible Contributions Among others, Wynn Macau unveiled a bonus equivalent to one month’s salary for the […]
Industry
July 16, 2024
MGM China Hosted Unprecedented Responsible Gambling Course
MGM China announced that it has co-hosted the first of its kind responsible gambling training course in Macau. Alongside the Macao Federation of Trade Unions (FAOM) and the Macao Gaming Industry Employees Home Integrated Services Centre, the operator organized the Contributing a Harmonious Community – Responsible Gaming Promotion Ambassador certificate training course. While MGM acknowledged […]
Business
June 19, 2024
MGM China Confirms International Notes Offering for Professional Investors
The leading entertainment and casino operator that owns a luxury resort in Macau, MGM China Holdings Ltd., confirmed its plans to issue notes to professional investors internationally. The announcement came as a part of a Hong Kong Stock Exchange filing released earlier this week. In its filing, MGM China revealed that by issuing notes to […]
Casino
November 27, 2023
MGM China Refutes Rumors of Pansy Ho Share Sell-Off
MGM China has categorically dismissed rumors suggesting that its co-chairperson and executive director, Pansy Ho Chiu King, has any intention of reducing her shareholding in the company. Reports from Hong Kong media had suggested that up to 380 million shares in MGM China were recently shifted into the Central Clearing and Settlement System (CCASS), triggering […]