The casino operator reported net revenue up 11 percent year-on-year to HK$34.8 billion, while adjusted EBITDA rose 10 percent to a record HK$10 billion. Market share climbed to 16.1 percent, compared with 15.8 percent in 2024.
Macau welcomed a record 40 million visitors last year, up from 34.9 million in 2024, with daily arrivals rising 15 percent to nearly 110,000. Industry-wide gross gaming revenue grew 9 percent to MOP247 billion, or 85 percent of pre-pandemic 2019 levels.
MGM China said property visitation rose 14 percent, with daily GGR up 11 percent. Liquidity stood at HK$24 billion at year-end, including cash and undrawn credit facilities.
The group also highlighted non-gaming initiatives. MGM MACAU launched Alpha Villas and Alpha Club, while MGM COTAI’s residency show Macau 2049, directed by Zhang Yimou, won the Weibo Cultural Tourism IP Award. The POLY MGM Museum marked its one-millionth visitor and received national recognition for its Silk Road exhibitions.
“Our operating team continues to command a strong understanding of the premium customer driving the market,” CEO Kenneth Feng said, adding that MGM China remains aligned with the government’s push to diversify Macau into a global tourism hub.
