Published: Feb. 14, 2024 at 2:33 a.m. ET
By Kimberley Kao
MGM China shares rose in Hong Kong trade after the Macau-focused casino operator reported better-than-expected fourth-quarter revenue.
Shares of MGM China were up 10% at 12.30 Hong Kong dollars (US$1.57) in Wednesday’s afternoon trading, lifting gains this year to 24%.
The…
By Kimberley Kao
MGM China shares rose in Hong Kong trade after the Macau-focused casino operator reported better-than-expected fourth-quarter revenue.
Shares of MGM China were up 10% at 12.30 Hong Kong dollars (US$1.57) in Wednesday’s afternoon trading, lifting gains this year to 24%.
The Las Vegas-based MGM Resorts International reported earnings for its units that showed MGM China’s fourth-quarter net revenue nearly quintupled to US$983 million on easing Covid-19 entry restrictions in Macau.
Fourth-quarter adjusted property EBITDAR, a metric the company uses as its primary profit measure for…