Macau casino operator MGM China Holdings reported record first-half revenue for 2026 as visitor numbers and gaming activity continued to recover across the city’s tourism sector, while also announcing a key executive appointment ahead of the second half of the year.
The company generated net revenue of HK$17.4 billion ($2.23 billion) for the six months ended 30 June, up from HK$16.7 billion ($2.14 billion) during the same period last year. Adjusted EBITDA came in at HK$4.8 billion ($615 million), slightly below the HK$4.9 billion ($628 million) reported a year earlier.
MGM China said Macau’s recovery remained steady during the period. Average daily visitor arrivals reached 115,715, representing a nine per cent increase year-on-year, while average daily gross gaming revenue (GGR) across the market rose seven per cent to approximately MOP701 million ($86.8 million).
Modest rise in visits
Against that backdrop, MGM China’s own properties recorded a seven per cent increase in visitation. The company’s average daily GGR rose to MOP111 million ($13.7 million) from MOP106 million ($13.1 million) in the first half of 2025.
Overall, MGM China maintained a 15.9 per cent share of Macau’s casino market during the reporting period. MGM COTAI accounted for 9.7 per cent of market share, while MGM MACAU contributed 6.2 per cent.
The company noted that performance was partly affected by a weaker VIP win rate, which declined to 2.6 per cent compared with 3.5 per cent a year earlier.
Hotel occupancy across its resorts averaged 93.5 per cent, while MGM China ended June with HK$24.7 billion ($3.16 billion) in available liquidity, including cash balances and undrawn revolving credit facilities.
Gaming remained the company’s main source of earnings. Its Digital Entertainment-style gaming operations continued to support overall performance, while property upgrades were also prominent during the first half.
At MGM COTAI, the company completed its suite conversion programme, introducing nearly 60 Prime Wellness Suites. MGM China said the upgraded rooms had received a positive response from guests. MGM MACAU also expanded its food and beverage offering with the opening of Singapore’s Chatterbox Café.
Beyond Macau, MGM China strengthened its presence in mainland China by acquiring MGM Asia Pacific Limited from its parent company, MGM Resorts International.
The deal gives MGM China control of MGM Hospitality, which currently manages eight operating hotels and has more than 12 additional projects under development across mainland China. The hospitality platform also provides access to more than 1.5 million members of the Mlife loyalty programme.
Jeny Lau appointed as new CFO
The company said it plans to renovate around 100 suites at MGM MACAU next, as part of its ongoing property enhancement programme. Alongside its interim results, MGM China also confirmed a change in senior management. The company has appointed executive director Jeny Lau as chief financial officer with effect from 1 August.
According to a filing with the Hong Kong Stock Exchange, Lau will oversee the group’s financial reporting, treasury, investor relations, budgeting, supply chain management, casino and non-gaming accounting, and cage operations. She also serves on MGM China’s Nomination, Environmental, Social and Governance Committee and is a director of gaming concession holder MGM Grand Paradise SA.
Her appointment formalises the position after Vivian Chan, senior vice president of finance, had been serving as acting chief financial officer, according to the company’s latest annual report. MGM China also left its outlook for the remainder of the year unchanged as Macau’s tourism recovery continues to stabilise.
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