MGM China Reports Impressive Growth in First Quarter of 2026 with Higher Visitor Numbers and Revenue

MGM China Exhibits Notable Growth in 2026 First Quarter

On April 29, 2026, MGM China Holdings Limited, listed on the SEHK under stock code 2282, shared its financial results for the first quarter of 2026, highlighting a robust recovery in both visitor numbers and gaming revenue. The company reported a net revenue of HK$8.8 billion, reflecting a growth of 10% compared to the same period last year. Daily gross gaming revenue (GGR) witnessed an impressive increase of 19%, reaching new heights post-pandemic.

Key Financial Highlights

MGM China's financial performance showcases significant milestones, with Macau experiencing a surge in average daily visitor arrivals, which rose 14% year-on-year to 124,599. The overall GGR in Macau also rose by 14% year-on-year, marking a positive trend in the region's tourism and gaming sectors. Notably, MGM China's daily total GGR grew by 13% year-on-year, while daily mass GGR, which includes slots, jumped by 19% to a record high.

The company’s Adjusted EBITDA improved by 4% from the previous year, amounting to HK$2.5 billion, indicating effective cost management and operational efficiency. However, it is worth noting that the VIP hold percentage declined from 3.5% last year to 2.5% in this quarter. The Adjusted EBITDA margin slightly decreased to 28.0% from 29.6% last year.

Performance by Property

In terms of property performance, MGM COTAI reported a revenue increase of 10% year-on-year, totaling HK$5.3 billion, with Adjusted EBITDA rising by 11% to HK$1.6 billion. The adjusted EBITDA margin for MGM COTAI improved by 20 basis points to 30.5%. Meanwhile, MGM MACAU experienced a revenue growth of 9% year-on-year, achieving HK$3.4 billion. However, its adjusted EBITDA was reported at HK$832 million, down from HK$903 million a year prior, and the VIP hold dropped significantly to 0.6%.

MGM China’s overall market share in GGR stood at 15.4%, a slight decrease compared to 15.7% from last year. However, the mass market (including slots) market share increased to 16.2% from 15.8%, and VIP market share also rose to 10.2% from 15.4% in the prior year.

Customer Experience and Awards

MGM China continues to prioritize delivering exceptional guest experiences as affirmed by their recognition from Forbes Travel Guide with seven Five-Star awards. This marks MGM MACAU's 11th consecutive Five-Star rating, complemented by Tria Spa at both resorts' acknowledgment for the seventh year running. The highlights include the Five-Star recognition for Emerald Tower, Skylofts, Five Foot Road at MGM COTAI, and Imperial Court at MGM MACAU for five consecutive years, reinforcing the brand's commitment to excellence.

The recent addition of Singapore's culinary gem, Chatterbox Café, at MGM MACAU signifies MGM's efforts to enhance its dining portfolio for both locals and visitors, further contributing to Macau’s cultural landscape as a UNESCO Creative City of Gastronomy.

Kenneth Feng, CEO of MGM China, emphasized that the company's growth reflects a strong understanding of customer needs and a dedication to elevating service levels. He highlighted ongoing renovations and suite upgrades planned for MGM MACAU, aiming to align offerings with evolving customer preferences and enhance MGM’s competitive advantages.

As MGM China embarks on future projects, it remains committed to transforming Macau into a globally recognized and diversified tourist destination, aligning closely with its concession commitments to enhance the visitor experience.

Conclusion

In summary, MGM China's financial report for Q1 2026 paints a promising picture of growth and resilience within the gaming and hospitality sector, marked by increasing revenues, visitor numbers, and a clear commitment to guest satisfaction. As the company continues to innovate and expand its offerings, it solidifies its position as a leader in the industry, ready to capitalize on Macau's resurgence as a premier destination.