PR Newswire
HONG KONG, April 27, 2017
Adjusted EBITDA Increased 23% Year over Year
HONG KONG, April 27, 2017 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2017.
Grant Bowie, Chief Executive Officer and Executive Director of MGM China said: "MGM MACAU continues to deliver strong results and our brand is well recognized for best in class service and product. We are pleased to see signs of stabilization in the Macau market as we prepare to launch our second resort, MGM COTAI in the second half of this year. MGM COTAI represents our company's expertise in entertainment and marries that with the cutting edge technology, which will deliver experiences never before seen."
About MGM China Holdings Limited
MGM China (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and is developing a second resort, MGM COTAI which is expected to more than double our presence in Macau.
MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
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SOURCE MGM China Holdings Limited
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