MGM China Holdings Ltd

02282: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MGM China Earnings: Adjusted EBITDA Beats on Cost Efforts, Sequential Market Share Holds Stable

Jennifer Song

May 1, 2025

MGM China's first-quarter gross gaming revenue, or GGR, grew 0.7% quarter on quarter, maintaining a stable 15.7% market share. Adjusted EBITDA rose by 11.4% from a quarter ago, with the EBITDA margin expanding by 2.8 percentage points, driven by prudent cost control and operating efficiency.

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MGM China Holdings Ltd

MGM China Earnings: Adjusted EBITDA Beats on Cost Efforts, Sequential Market Share Holds Stable

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