Investors cheer as MGM China's earnings rise

Reuters and staff reporter

MGM China's (2282) share price once jumped 7.5 percent on yesterday after it reported a 25.2 percent year-on-year increase in its 2024 adjusted property earnings before interest, taxes, depreciation, amortization and restructuring or rent costs.

MGM's adjusted EBITDAR totaled US$1.1 billion (HK$8.58 billion) last year, up from US$867 million in the previous year, according to its US-listed parent MGM Resorts International's results.

The revenue of MGM China increased 28 percent to US$4 billion compared to US$3.2 billion in the prior year, primarily attributed to the climb in win rate.