MGM China Holdings Ltd

02282: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MGM China Earnings: Results in Line; Renovation Upgrades to Support Long-Term Market Share

Jennifer Song

May 4, 2026

MGM China's first-quarter gross gaming revenue, or GGR, fell 6% quarter on quarter, with market share declining to 15.5% from 16.6%. Adjusted EBITDA dropped 11%, and margin compressed by 0.6 percentage points, largely due to higher branding fees payable to its parent.

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MGM China Holdings Ltd

MGM China Earnings: Results in Line; Renovation Upgrades to Support Long-Term Market Share

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