MGM China H1 earnings drop 36.8 pct to HK$2.4 bln

2015/8/5

From:Macau Business

Macau casino operator MGM China Holdings says its adjusted earnings before interest, tax, depreciation and amortisation were HK$2.4 billion (about MOP300 million) in the first half of this year, 36.8 per cent less than a year earlier.

The company announced that its first-half gaming revenue contracted by 33 per cent to HK$9.2 billion.

MGM China’s adjusted EBITDA margin was 26.6 per cent in the second quarter, slightly more than in the first.

The casino operator’s interim profits was HK$1.7 billion, down by 44 percent from the approximately HK$3.04 billion a year ago.

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