HONG KONG – October 29, 2026 -- MGM China Holdings (SEHK: 2282) reported record third-quarter revenue of approximately HK$8.9 billion, up 5% year-on-year, and adjusted EBITDA of approximately HK$2.4 billion. Both figures are all-time highs for any third quarter, according to unaudited results for the three months ended September 30, 2026.
MGM China lifts Macau market share to a record 17.1%
MGM COTAI took a 10.5% share and MGM MACAU 6.6%. Daily visitation across the Company's properties rose 10% year-on-year, and daily gross gaming revenue (GGR) increased 5%. Mass GGR, including slot operations, also grew 5%. Occupancy reached 94.1%, up from 93.5% a year earlier.
Macau market GGR falls 4% as World Cup disrupts demand
Macau averaged 122,139 visitors per day, an 8% increase year-on-year. Daily market GGR of MOP655 million was down 4%, which the Company attributed to the temporary impact of the World Cup tournaments. MGM China's 5% GGR gain therefore came against a declining market.
MGM COTAI grows EBITDA while MGM MACAU earnings decline
MGM COTAI generated revenue of approximately HK$5.4 billion, compared with HK$5.1 billion in 2025. Its adjusted EBITDA rose to approximately HK$1.52 billion from HK$1.46 billion.
MGM MACAU's revenue edged up to approximately HK$3.5 billion from HK$3.4 billion. Its adjusted EBITDA fell to approximately HK$865 million from HK$914 million.
Renovation of 100 MGM MACAU suites follows COTAI conversion
The Group has started renovating approximately 100 suites at MGM MACAU, after completing a suite conversion at MGM COTAI earlier this year. The Company plans to establish MGM MACAU as the premier venue on the Macau Peninsula and MGM COTAI as the preferred destination for premium travelers.
CEO Kenneth Feng said the higher-end segment continues to drive growth and pointed to the positive response to refurbished products and premium spaces.
Liquidity reaches HK$25.6B; Golden Week visitation up 10%
As of September 30, 2026, total liquidity stood at approximately HK$25.6 billion, comprising bank balances and cash plus the undrawn revolver. Property visitation during the October Golden Week holiday rose 10% year-on-year, extending the third-quarter momentum into the fourth quarter.