An early results release led to a temporary trading halt in Hong Kong.
Macau.- MGM China Holdings’ Q4 revenue was US$1.24bn, up 21.4 per cent year-on-year, according to preliminary financial results that were inadvertently released ahead of schedule by parent company MGM Resorts International.
The unaudited figures were included in a Form 8-K filing submitted to the US Securities and Exchange Commission on February 4 before completion of MGM Resorts’ financial closing procedures. As a result, trading in MGM China shares was temporarily halted on the Hong Kong Stock Exchange at the company’s request. Trading later resumed after MGM China reissued preliminary data.
According to the filing, MGM China’s adjusted EBITDAR rose 30.5 per cent year-on-year to US$332.3m in the fourth quarter. For full-year 2025, net revenue increased 10.9 per cent to US$4.46bn, and adjusted EBITDAR grew 10.7 per cent to US$1.20bn.
Seaport Research Partners noted that MGM China’s Macau revenue beat consensus forecasts, although the reasons behind the outperformance were not yet clear and may be linked to high hold levels.
At the group level, MGM Resorts reported fourth-quarter consolidated net revenue of US$4.6bn, up nearly 6 per cent year-on-year, and full-year net revenue of US$17.54bn, an increase of 1.7 per cent.
MGM Resorts is scheduled to release its audited fourth-quarter and full-year 2025 results on February 12.
An early results release led to a temporary trading halt in Hong Kong. Macau.- MGM China Holdings’ Q4 revenue was US$1.24bn, up 21.4 per cent year-on-year, according to preliminary financial results that were inadvertently released ahead of schedule by parent company MGM Resorts International. The unaudited figures were included in a Form 8-K filing submitted…
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