MGM China Holdings has reportedly approached 12 banks for a syndicated, five-year Hong Kong dollar loan to fund expansion in Macau. The proposed financing is valued at $2 billion; the company has been planning capital projects at MGM Macau and MGM Cotai since mid-2024, including changes to gaming areas and hotel accommodation.
The reported borrowing would finance MGM China’s planned property expansion and diversification in Macau.
The day’s most important stories, free. One email a day.
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.
People Inc. withdrew its proposed $17.6bn acquisition of MGM Resorts, the company said. People had offered $48.30 per share in cash for MGM’s remaining shares; MGM chairman Paul Salem said the company would continue as a standalone business. People remains open to a future strategic transaction, according to Barry Diller.
MGM China declared an interim dividend of HK$0.25 per share for the six months ended 30 June 2026. The total payment is HK$950 million, equivalent to 50% of the group’s profit attributable to owners for the period, the company said.
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 China has acquired MGM Asia Pacific Limited for US$20 million from an entity indirectly owned by its controlling shareholder, MGM Resorts International, according to the report. The acquired platform has eight operational hotels and more than 12 active projects.