Thursday, April 17, 2014   

MGM China reports profitable quarter
(02-20 11:47)

Macau casino operator MGM China (2282) said today adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, increased to US$238 million in the fourth quarter compared with US$176 million, the year earlier.
New York-listed MGM Resorts International is its parent company and owns 51 percent of MGM China.
Revenue in the fourth quarter was US$926 million, up by 27 percent over the comparable quarter the previous year.
Pansy Ho, the daughter of Macau gambling pioneer Stanley Ho Hung-sun has a 27 percent stake MGM China.--The Standard



   
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