MGM China Holdings Limited

MGM China Holdings Limited

1.14
EUR
0.00
(0.00%)
5.35BMarket Cap
Mar 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.77
6.7
4.52
3.92
3.81
5.05
5.99
1.34
2.48
1.39
6.5
8.26
9.15
- -
Basic EPS, GAAP
1.4
1.5
0.82
0.8
0.61
0.28
0.51
-1.37
-1.01
-1.38
0.69
1.21
1.34
- -
Free Cash Flow per Basic Share
1.47
0.65
-0.34
-0.89
0.13
-0.17
0.79
-1
-0.26
-0.63
2.08
1.86
1.89
- -
Dividend per Share
1.25
1.56
1.22
0.21
0.28
0.16
0.13
0.08
- -
- -
- -
0.7
0.57
- -
Book Value per Share
1.71
1.67
1.29
1.9
2.24
2.35
2.75
1.32
0.31
-1.05
-0.35
0.14
0.86
0.86
Tangible Book Value per Share
1.12
1.13
0.8
1.46
1.85
2.02
2.69
1.28
0.3
-1.05
-0.77
-0.23
0.53
0.53
Basic Weighted Avg Shares
3,800
3,800
3,800
3,800
3,800
3,800
3,800
3,800
3,801
3,800
3,800
3,801
3,801
3,796
Sales/Revenue/Turnover
25,728
25,454
17,170
14,907
14,481
19,201
22,765
5,096
9,411
5,269
24,684
31,387
34,787
- -
Operating Margin (%)
21.56
22.71
19.29
20.78
18.44
8.49
13.08
-80.87
-24.75
-68.26
18.51
19.79
19.43
- -
Depreciation Expense
768
800
806
772
799
2,150
2,564
2,468
2,157
2,034
1,886
1,854
2,136
- -
Net Income, GAAP
5,334
5,707
3,113
3,037
2,320
1,068
1,931
-5,202
-3,847
-5,232
2,638
4,603
5,075
- -
Effective Tax Rate (%)
0.28
0.28
0.53
0.49
12.06
- -
0.54
- -
- -
- -
1.74
1.29
1.29
- -
Profit Margin (%)
20.73
22.42
18.13
20.37
16.02
5.56
8.48
-102.07
-40.87
-99.3
10.69
14.67
14.59
- -
Working Capital
1,726
-949
1,091
-1,450
-9,885
-3,400
-1,135
-105
555
4,930
-5,187
-2,562
-5,414
-5,414
LT Debt
4,049
4,118
11,732
14,104
11,794
18,093
16,796
21,340
24,117
32,896
18,417
19,216
13,307
13,307
Total Equity
6,503
6,342
4,915
7,217
8,512
8,946
10,460
5,018
1,197
-3,996
-1,327
528
3,247
3,247
Return on Invested Capital (%)
51.28
55.04
24.2
16.03
9.58
- -
10.73
- -
- -
- -
17.35
26.25
29
- -
Return on Capital (%)
53.55
53.96
22.68
15.15
9
- -
10.25
- -
- -
- -
16.71
25.68
27.41
- -
Return on Common Equity (%)
85.92
88.86
55.3
50.06
29.5
12.24
19.9
-67.21
-123.79
- -
- -
- -
268.86
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3,934
5,904
5,861
LT Borrowings
19,042
15,756
13,124
LT Finance Leases
174
162
183
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,799
3,799
3,796
Market Capitalization
37,466
47,788
48,924

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
6,558
6,977
6,240
Cash, Cash Equivalents & STI
5,315
5,518
4,397
Accounts Receivable, Net
825
1,019
1,415
Inventories
217
221
240
Total Current Liabilities
9,120
11,513
11,654
Payables & Accruals
- -
- -
- -
ST Debt
3,934
5,904
5,861
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-16.62%
-40.2%
515.6%
Free Cash Flow
-134.95%
-73.28%
1.48%
Net Income, GAAP
-42.43%
-11.15%
10.24%
Sales/Revenue/Turnover
40.47%
89.43%
10.83%
Total Cash Common Dividend
- -
- -
-19.29%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
24,684
2024
- -
- -
31,387
2025
- -
- -
34,787

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.69
2024
- -
- -
1.21
2025
- -
- -
1.34

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
0.7
2025
- -
- -
0.57

Company Description

CEO
Xiao Feng Feng
Full Time Employees
13,793
Sector
Consumer services
Industry
Casinos/Gaming
Address
Edificio MGM Macau Macau Macau 999078
IPO Date
Jun 3, 2011
Business
MGM China Holdings Limited (HKEx: 2282), a subsidiary majority owned by MGM Resorts International (NYSE: MGM), serves as an investment holding company that develops, owns, and operates premium integrated gaming and lodging resorts in Macau; it holds one of the six gaming concessions through its subsidiary MGM Grand Paradise, SA, encompassing casino games of chance, mass market and VIP gaming tables, slot machines, hotels with approximately 600 rooms at MGM MACAU and 1,400 rooms at MGM COTAI, food and beverage outlets including seven signature restaurants and bars at MGM MACAU, retail shopping complexes connected to MGM MACAU such as One Central, entertainment venues featuring Asia's first dynamic theater at MGM COTAI and the MGM Art Space displaying authentic artworks, high-end spa facilities, conference and event spaces, and luxury Mansion accommodations for VIP guests. Headquartered in Macau and founded in 2005 with MGM MACAU opening in December 2007 and MGM COTAI launching in early 2018, the company targets international tourists, high-end gamers, and local patrons in the Greater China region, primarily generating revenue from gaming, lodging, dining, retail, and entertainment segments amid Macau's status as a global tourism destination. Recent developments include seeking a approximately $2 billion-equivalent syndicated loan in February 2025—its first since the Covid-19 pandemic—to support growth as the operator posts record revenue and adjusted EBITDA increases of 17% and 20% respectively in the 2025 third quarter, alongside refreshed agreements in December 2022 such as the Fourth Renewed Development Agreement and renewed marketing pacts with affiliates for future expansions, strategic community partnerships like the July 2025 collaboration with Macao Chamber of Commerce to upgrade food industry SMEs via Greater Bay Area exchanges, and ongoing innovations in digital art exhibitions and multicultural events at its properties.

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