Macau market share reaches historic high of 17.1 per cent
MGM China continued to outperform the Macau industry in its third quarter, with revenue up by five per cent year-on-year to approximately HK$8.9bn and market share escalating to a new record of 17.1 per cent, with MGM Cotai securing a 10.5 per cent share and MGM Macau holding 6.6 per cent..
Daily visitation across the company’s properties rose by 10% year-on-year, while daily GGR surged 5% compared to the same period last year. Notably, Mass GGR (including slot operations) also achieved a 5% year-on-year increase, reflecting the Company’s strong positioning in high-value segments.
The Group reported adjusted EBITDA of approximately HK$2.4bn. Both revenue and adjusted EBITDA represent all-time highs for any third-quarter period. Occupancy climbed to 94.1 per cent per cent during the Period, up from 93.5 per cent in the prior-year period.
On a property basis, MGM Cotai generated revenue of approximately HK$5.4bn for the Period (2025: HK$5.1bn), and adjusted EBITDA of approximately HK$1.52bn (2025: HK$1.46bn). MGM Macau recorded revenue of approximately HK$3.5bn for the Period (2025: HK$3.4bn), and adjusted EBITDA of approximately HK$865m (2025: HK$914m).
This positive momentum carried into the fourth quarter, with property visitation during the October Golden Week holiday surging by 10 per cent year-on-year.
Kenneth Feng, Chief Executive Officer of MGM China, said: “The higher-end market segment continues to drive growth. The positive response to our refurbished products and premium spaces underscores our team’s deep understanding of the Macau market and our ability to anticipate our customers’ evolving tastes.”
Following the suite conversion at MGM Cotai earlier this year, the Group has commenced the renovation project of approximately 100 suites at MGM Macau.
“This initiative will further optimise our assets to enhance competitiveness and solidify the complementary positioning of our portfolio – establishing MGM Macau as the premier venue on the Peninsula and MGM Cotai as the preferred destination for premium travellers. We are fully committed to supporting Macau’s development into a world-class, diversified tourist destination,” said Feng.