MGM China said fourth-quarter EBITDA came in at $238 million, handily beating the consensus estimate for $216 million. Net revenue came in at $926 million, again beating the Street view for $861 million. VIP volumes rose 32 percent, while mass table revenue was up 18 percent. The company also said it will pay a special dividend of HK$1.02 a share ($0.13).
Nagasaki has made a major step forward in its plans to bid for an IR license by forming a trilateral agreement between the prefecture,...
Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.
With an increasing number of casinos emerging throughout Asia, the industry is becoming a popular career choice for ambitious individuals from across the region.
MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.