Daily mass GGR rose 19 per cent year-on-year, reached a new high
MGM China saw net revenue up 10 per cent year-on-year to HK$8.8bn for the three months ended March 31, with daily total GGR growing 13 per cent year-on-year, and daily mass GGR (including slot) surged 19 per cent to a historical high.
The group is pleased to see Macau’s average daily visitor arrival in the first quarter up 14 per cent year-on-year to 124,599. Gross gaming revenue (GGR) in Macau rose by 14 per cent year-on-year, with daily GGR reaching a post-pandemic high.
The group saw VIP hold percentage at 2.5 per cent, compared with 3.5 per cent a year ago. By property, MGM Cotai saw revenue up by 10 per cent year-on-year to HK$5.3bn. MGM Macau’s revenue was up by nine per cent year-on-year to HK$3.4bn.
MGM China saw an overall GGR market share at 15.4 per cent. Estimated mass share, including slot, grew to 16.2 per cent and VIP market share was 10.2 per cent Average occupancy was 93.9 per cent.
During the Period, MGM China is again recognized with seven Five-Star Awards from Forbes Travel Guide, reaffirming our unwavering commitment to delivering exceptional guest experiences. This year marks a milestone as MGM MACAU earns its 11th consecutive Five-Star rating, while Tria Spa at both MGM MACAU and MGM COTAI receives the accolade for the seventh consecutive year. In addition, Emerald Tower, Skylofts, Five Foot Road at MGM COTAI, and Imperial Court at MGM MACAU, have each been honored with Five-Star recognition for the fifth consecutive year, underscoring MGM’s consistent excellence across accommodation, wellness, and dining.
In February, the Group celebrated the opening of the renowned Singapore dining brand Chatterbox Café at MGM MACAU, its first Macau outpost. With a legacy spanning over five decades, Chatterbox is rooted in classic Singaporean cuisine and has grown into a highly recognized culinary brand across Asia, distinguished by blending authentic flavors and contemporary culinary skills. By bringing this emblematic international brand to Macau, MGM not only expands the city’s dining diversity for both locals and visitors, but also further elevates Macau’s global culinary landscapes, strengthening the city’s reputation as a UNESCO Creative City of Gastronomy.
The Group also continues to invest in its competitive advantages to support future growth. MGM COTAI has recently completed the suite conversion and refurbishment of premium gaming area. The Prime Wellness Suites include approximately 60 keys and opened before the May Golden Week.
Kenneth Feng, Chief Executive Officer of MGM China, said: “Our outstanding performance demonstrates our deep understanding of customers and focus on what they truly want. It also honors our team’s commitment and effort in improving products and service levels as well as crafting compelling experiences for our guests.”
The Group plans to renovate the hotel suites at MGM MACAU, to ensure the offerings stay fresh and along with evolving customer taste, further strengthening the complementary positioning of our properties – with MGM MACAU as the leading property on the Peninsula and MGM COTAI as the preferred destination for premium customers.
“We are committed to bringing more unique and integrated experiences to our customers, to develop Macau into a global and diversified tourist destination through our concession commitments,” said Feng.
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Daily mass GGR rose 19 per cent year-on-year, reached a new high MGM China saw net revenue up 10 per cent year-on-year to HK$8.8bn for the three months ended March 31, with daily total GGR growing 13 per cent year-on-year, and daily mass GGR (including slot) surged 19 per cent to a historical high. The…
The post MGM China’s revenue up 10 per cent in first quarter with daily miss hitting new high appeared first on G3 Newswire.