MGM China Reports Increase in Net Revenue for 2024
The overall revenue from MGM China's casinos grew by about 4% year-on-year, totaling HK$855 million (approximately $109 million). This growth was driven by a strong performance in the main table games segment, which recorded a turnover of $3.58 billion (around ₽343.2 billion).
The company also reported earnings from its VIP segment, with high-limit table game turnover at MGM Cotai reaching HK$23.45 billion (approximately $3 billion). In MGM China, this figure stood at HK$5.53 billion (around $700 million).
Both properties experienced an increase in slot machine turnover, contributing to a 3.7% rise in the group's net revenue for the fourth quarter of 2024, which reached $1.02 billion (approximately ₽97.7 billion).
Bill Hornbuckle, CEO of MGM Resorts International, stated, "We are proud to report the highest annual revenue in the company's history, driven by record performance at MGM China. We are also encouraged by the strong demand we are seeing in the business at the start of 2025, which bodes well for continued growth."
For the entire year of 2024, MGM China increased its net revenue by 28% to $4 billion (approximately ₽383.2 billion), while adjusted EBITDA rose by 25% to $1.1 billion (around ₽105.4 billion).
Notably, MGM China offers the highest dividends among global casino operators.
Blog
Explore more interesting news
Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...
The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...
Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...
Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...
Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...
A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...
Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...
The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...
Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...
BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...
The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...
Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...
