Summary by Moomoo AI
MGM China announced its unaudited performance for the third quarter ended September 30, 2024, with its controlling shareholder MGM Resorts International. The performance includes the financial data of MGM China and is prepared in accordance with US Generally Accepted Accounting Principles. MGM Resorts International holds approximately 56% of the issued share capital of MGM China. In the third quarter, the total revenue of MGM Macau and MGM Lion was HK$7,249,278 thousand, a 14% increase from the same period last year, and adjusted EBITDA was HK$1,984,254 thousand, a 5% increase. The financial performance is unaudited and differs from financial information prepared in accordance with International Financial Reporting Standards, making direct comparisons inappropriate. Shareholders and potential investors should note that this financial data has not been audited or reviewed by MGM China's auditors. In August 2024, MGM China declared a special dividend, bringing MGM Resorts International approximately $0.2 billion in cash. For the third quarter, MGM China's net revenue was $0.929 billion, with adjusted property EBITDAR of $0.237 billion.
