MGM China fourth-quarter results top estimates

    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).