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MGM Resorts International Newsroom
MGM China releases interim results, with a shareholder net profit of HKD 2.685 billion, up 227.13% year-on-year.
MGM China (02282) released its 6-month performance report as of June 30, 2024. The group achieved operating income of HKD 16.218 billion, a year-on-year increase of 52.29%. The period profit attributable to owners of the company was HKD 2.685 billion, a year-on-year increase of 227.13%. The basic earnings per share were 70.6 HK cents.
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MGM China (02282) has released its interim results with a net profit attributable to shareholders of HKD 2.685 billion, an increase of 227.13% year-on-year.
MGM China (02282) has released its six-month performance results ending on June 30, 2024, during which the group achieved...
MGM China (02282.HK) saw its interim attributable profit rise to HKD 2.6855 billion, without paying a dividend.
MGM China (02282.HK) announced on August 8 that for the six months ended June 30, 2024, the company's operating income was HK$16.218 billion, an increase of 52.3% from the same period last year. This increase was due to the continued growth of business operations after the easing of COVID-19 travel restrictions to Macau at the end of 2022. With sufficient preparation at MGM Macau and MGM Cotai to capture the middle-to-high-end market and with the award of an additional 198 gaming tables according to the gambling license, the company's overall market share in the gambling industry has increased since the year ended December 31, 2019.
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Hong Kong stock concept tracking | Over 20 million tourists entered Macau this year, Citigroup remains optimistic about gambling revenue forecast for August (including conceptual stocks).
As of August 3rd, the cumulative number of inbound tourists visiting Macau this year has exceeded 20 million, reaching this number two months earlier than last year.
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HK stocks surge | MGM China (02282) rose nearly 6%, leading the Macau casino stocks. The daily number of inbound and outbound tourists in Macau hit a record high, and Citigroup remains optimistic about August gambling revenue forecast.
Macau casino stocks rose in early trading, as of press time, MGM China (02282) rose 5.35%, to HKD 11.82; Sands China (01928) rose 3.76%, to HKD 14.9; Galaxy Entertainment (00027) rose 2.4%, to HKD 32.05. Only Melco Int'l Dev (00200) fell 2.04%, to HKD 4.32.
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