MGM China Posts 2017 Third Quarter Financial Data

• During the Period, MGM China recorded total revenue of HK$3,679 million, an increase of 5% from the second quarter this year. Adjusted EBITDA grew 3% quarter-on-quarter to HK$1,049 million. The Group recorded adjusted EBITDA margin at 28.5% for the Period.


• The Group saw sequential improvement in all gaming segments, with approximately 80% of profit contributed by the main floor. Main floor table games win increased by 2% and drop increased by 7% sequentially. Slot win grew by 14% and VIP table games win increased by 9% sequentially.


• MGM MACAU saw market share improve each month within the Period. The Group sees this as a reflection of stability and resilience in Peninsula market which attracts quality players. We continue to invest and remodel main floor at MGM MACAU with additional retail space to create further diversified experiences for our visitors.


• We are in the final stage in preparing the opening of MGM COTAI on January 29, 2018. MGM COTAI will redefine the way people experience art and entertainment through innovative technology. The resort brings mind-blowing entertainment experiences through our Spectacle and MGM Theater, Asia's first dynamic theater with exciting resident shows. It is also home to a unique art collection of more than 300 pieces of contemporary art with themes of bridging the East and West, tradition and technology. The resort will become Macau's most creative culinary destination with first-to-Macau dining concepts curated by world-renowned Michelin-starred chefs and regional Chinese cuisines.

Grant Bowie, Chief Executive Officer and Executive Director of MGM China said: "We are confident in Macau's long-term prospects. We continue contributing to its evolution into a World Center of Tourism and Leisure with the opening of our second integrated resort, MGM COTAI in January next year. We look forwards to expand our presence and capture the growth opportunities in this dynamic market."