MGM China paid $20 million to acquire MGM Asia-Pacific from MGM Resorts International, according to a company filing. MGM Asia-Pacific manages eight hotels in China and has more than 12 projects in development, while MGM China said the purchase would give it strategic and operational control of the group through its management rights.
The acquisition expands MGM China’s hospitality management business beyond its Macau casino hotels.
Quarter ended 30 September 2026
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MGM Resorts International reported consolidated revenue of $4.21bn for the third quarter of 2026, down 1% year on year, according to its financial results published on 28 October. Net loss attributable to shareholders narrowed to $17m from $285m, while adjusted consolidated EBITDA fell to $403m from $506m. MGM China revenue rose 5%, and the company said its digital businesses also recorded revenue growth.
MGM reported consolidated revenue of $4.5bn for the three months ended 30 June 2026, up 1% year on year. MGM Digital revenue rose 20% to $196m, while the division’s adjusted EBITDAR loss widened to $31m; CEO Bill Hornbuckle also said the MGM Osaka project remained on schedule to open in 2030.
MGM Resorts International said it and Tao Group Hospitality agreed to close Jewel Nightclub at Aria in Las Vegas on 21 November 2026. The venue opened in May 2016, and MGM said it has no immediate plans for the space.
MGM Resorts International plans to invest about $1bn annually in its Osaka project in 2027 and 2028, CFO Jonathan Halkyard said on the company’s third-quarter 2026 earnings call. MGM expects to contribute JPY150bn to JPY160bn, or $950m to $1bn, in each year; available cash and free cash flow will fund its contributions, while ORIX and a yen-denominated bank facility cover the rest of the $10bn development.
MGM Resorts said on 29 October 2026 that takeover discussions with its largest shareholder, People Inc., had ended after People withdrew its offer of more than $18 billion in September. CEO Bill Hornbuckle said the parties had agreed on a price, but People could not assemble a syndicate that met its objectives; MGM said no transaction is currently under consideration.