MGM China's second-quarter gross gaming revenue, or GGR, and adjusted EBITDA fell 2% and 5% quarter on quarter, respectively, with GGR market share expanding 0.9 percentage point to 16.4%. Adjusted EBITDA margin dropped 1.0 percentage point to 27%.
Macao's gaming sector is well positioned to benefit from China's reopening, which will allow the sector to meaningfully restore its profitability.
Intensifying competition among Macao casinos leads to increased promotional and operating expanses, pressuring margins and profitability.
|
Metric
|
02282
|
00880
|
MLCO
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.73 | — | 8.54 |
Price/Book Value | 11.00 | 0.77 | 221.89 |
Price/Sales | 1.15 | 0.62 | 0.41 |
Price/Cash Flow | 6.14 | 6.07 | 2.55 |
|
Metric
|
02282
|
00880
|
MLCO
|
|---|---|---|---|
Quick Ratio | 0.49 | 0.21 | 0.97 |
Current Ratio | 0.51 | 0.27 | 1.03 |
Interest Coverage | 5.01 | 0.78 | 1.38 |
|
Metric
|
02282
|
00880
|
MLCO
|
|---|---|---|---|
Return on Assets (Normalized) | 15.90% | −0.82% | 3.26% |
Return on Equity (Normalized) | 166.12% | −2.98% | — |
Return on Invested Capital (Normalized) | 25.63% | 2.19% | 9.33% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Melco Resorts and Entertainment Ltd ADR
MLCO
| LOCK|@@Fj&f | LOCK|@GJj< | — | |||
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LVS
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GXYYY
| — | LOCK|h#^z | $19B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|<HbV | $19B | |||
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SCHYF
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| Sands China Ltd ADR
SCHYY
| — | LOCK|H^>qz | $14B | |||
| MGM Resorts International
MGM
| LOCK|pTjB^$ | LOCK|$D | $10B | |||
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WYNN
| LOCK|dXX@>W | LOCK|Zql!D | $9B | |||
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CZR
| LOCK|w%P&g?t | LOCK|## | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|Tgb%>K | LOCK|?Dn | $2B |
United States