MGM China reported revenue of HK$17.4 billion for 1H26, up 4.4% year on year, with casino revenue rising 3.6% to HK$15.1 billion. Pansy Ho, the company’s chairperson and executive director, retains a 22.49% interest after selling her remaining MGM Resorts stake for US$140 million in late May.
MGM China’s revenue and casino growth offer investors an update on its Macau performance.
Quarter ended 30 September 2026
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People Inc.’s proposed takeover of MGM Resorts is expected to have limited near-term operational impact on MGM China, according to CreditSights. The research firm said aggressive debt funding could raise downgrade risks for MGM Resorts and affect MGM China’s bonds and revolving credit facility, both of which have change-of-control provisions.
MGM Resorts International signed a long-term brand-licensing agreement with MGM China Holdings, allowing the company to use the MGM brand through its concession term ending in 2032. The monthly fee rises from 1.75% to 3.5% of adjusted consolidated net monthly revenue, subject to an annual cap; MGM Resorts receives approximately 66.6% of the fee.
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.
J.P. Morgan analyst Daniel Politzer favoured Las Vegas Sands and DraftKings ahead of fourth-quarter earnings, while taking a cautious view of the wider gaming sector. He forecast $626 million in fourth-quarter Macau cash flow for Sands and $723 million in Singapore, and said comparisons would become harder in the second half of 2026.