MGM China Q1 Adj. EBITDA Rises, Margin Down

MGM China Holdings reported first-quarter adjusted EBITDA of HK$2.5 billion, up 4% year on year. The result points to modest underlying improvement in the company’s gaming and resort operations. The update is positive but limited in scope and unlikely to have a broad market impact.

Analysis

MGM China Holdings reported first-quarter adjusted EBITDA of HK$2.5 billion, up 4% year on year. The result points to modest underlying improvement in the company’s gaming and resort operations. The update is positive but limited in scope and unlikely to have a broad market impact.