MGM China’s fortunes rise in 1Q19.
April 30th, 2019 at 6:16:10 AM
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Mass market growth, better luck sees MGM China’s fortunes rise in 1Q19. http://bit.ly/2vu5fOI
* MGM China Ltd has seen its revenue rise 23% year-on-year and 7% sequentially to US$734 million in the three months to 31 March 2019, buoyed by a full quarter of operations at MGM Cotai, the addition of new gaming tables and improved main gaming floor win rates.
Ongoing ramp at its flagship Cotai property, which opened in February 2018, saw Adjusted Property EBITDA grow 26% to US$191 million, compared to US$152 million in the prior year quarter, and Adjusted Property EBITDA margin up from 25.5% to 26.0%. http://bit.ly/2vu5fOI
* MGM China Ltd has seen its revenue rise 23% year-on-year and 7% sequentially to US$734 million in the three months to 31 March 2019, buoyed by a full quarter of operations at MGM Cotai, the addition of new gaming tables and improved main gaming floor win rates.
Ongoing ramp at its flagship Cotai property, which opened in February 2018, saw Adjusted Property EBITDA grow 26% to US$191 million, compared to US$152 million in the prior year quarter, and Adjusted Property EBITDA margin up from 25.5% to 26.0%. http://bit.ly/2vu5fOI
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
May 1st, 2019 at 7:05:32 AM
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Macau and regional MGM properties ahead of Morgan Stanley's expectations for Q1. http://bit.ly/2vt1Wr5
* The financial services company’s forecasts inch up for the third straight quarter. Management decisions around future real estate plans to be made in months and not quarters provide a near-term catalyst, as does progress with a license award in Osaka. The MS price target remains at USD 35, with an "overweight" stock rating category. http://bit.ly/2vt1Wr5
* The financial services company’s forecasts inch up for the third straight quarter. Management decisions around future real estate plans to be made in months and not quarters provide a near-term catalyst, as does progress with a license award in Osaka. The MS price target remains at USD 35, with an "overweight" stock rating category. http://bit.ly/2vt1Wr5
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
