30 Aug 20242 min. read

MGM China Offers Highest Dividends Among Global Casino Operators

MGM China Offers Highest Dividends Among Global Casino Operators
Sam Smith
written and last updated by Sam Smith at 30 Aug 2024 Journalist, Editorial Department
Analysts at JP Morgan have identified MGM China as having the highest dividend yield among global casino operators for the 2024 financial year. This metric reflects the ratio of the annual dividend per share to its price.
According to the company's announcement, the dividend payout is set at HK$0.353 (approximately RUB 4.14) per share, totaling HK$1.34 million (around RUB 15.7 million).
Previously, the operator reported a revenue increase of 47.5% for the first six months of 2024, reaching HK$14.16 billion (about RUB 166 billion). Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) surged by over 56%, while operating income improved by 88.7%. Earnings per share for the first half of the year stood at HK$0.706 (approximately RUB 8.28), a significant rise from HK$0.216 (about RUB 2.53) a year earlier.
In a note from JP Morgan, analysts D.S. Kim, Selina Lee, and Mufan Shi stated, "A 50% payout ratio implies a dividend yield of 6.8% this year. This is currently the highest figure in Macau and among all the casino companies we cover globally."
It is also noted that two other Macau operators, Galaxy Entertainment Group and Wynn Macau, are resuming dividend payments this year. Analysts expect Sands China to follow suit in the second half of 2025, pending the release of the company's interim financial results.
Additionally, it is worth mentioning that the average salary of casino employees in Macau rose by 8.2% year-on-year in June 2024.

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