Macau gaming operator MGM China announced today a 7.4% year-on-year decline in net operating profits between April and June 2026, to 2.33 billion Hong Kong dollars (259 million euros).
The operator’s total revenue for the April to June period remained stable, registering a slight decline of 0.5%, to 8.63 billion Hong Kong dollars (one billion euros). This decline was primarily due to an 18.3% drop in total betting volume at VIP table games at MGM Macau and MGM Cotai, to 31.17 billion dollars (3.7 billion euros).
The total betting volume at the non-VIP gaming tables of its casinos also fell to 29.89 billion Hong Kong dollars (3.33 billion euros), down 6.2% year-on-year.
The operator’s management stated, in a conference call to comment on the results, that the 2026 football World Cup temporarily affected gaming volume in Macau during the month of June, but with business showing a strong recovery in recent weeks.
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MGM China held a 16.4% share of the Macau gaming market during the quarter, an increase compared to the 15.4% recorded in the first quarter of 2026, but a slight decline compared to the 16.6% of the second quarter of 2025. During the period, the group stated in its financial report that it continued to optimize its assets to “strengthen competitiveness and drive future growth.”
The MGM Cotai property, located in the Cotai area where most of Macau’s hotel-casinos are found, completed a suite conversion project during the period, launching nearly 60 Prime Wellness suites.
In June, MGM China announced the acquisition of MGM Asia Pacific Limited for 20 billion dollars (17.4 million euros), a Hong Kong-registered company, from MGM Resorts International, a hotel management company that operates luxury hotels, lifestyle destinations and cultural tourism projects across various regions of mainland China.
Kenneth Feng, Chief Executive Officer of MGM China, stated that the acquisition “represents a strategic opportunity for MGM China to strengthen its strategic and operational oversight of MGM’s hospitality business.”
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“We are confident that it will create significant synergies that will enhance our competitive advantage and support the Group’s sustainable growth,” he added. In the first three months of 2026, Macau’s casinos posted total revenues of 65.9 billion patacas (approximately 7.45 billion euros), up 14.3% from the same period in 2025.
The world’s gambling capital, Macau is the only place in China where casino gambling is legal.
Six concessionaires operate in the territory, MGM, Galaxy, Venetian, Melco, Wynn and SJM, which renewed their concession contract for the following ten years in December 2023, taking effect on January 1, 2024.
