Sunday, November 23, 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



   
Other Business breaking news:
PBOC to inject liquidity if necessary (11-21 19:03)
China cuts interest rates (11-21 18:41)
Indexes track Connect (11-21 17:35)
ECB chief says will ramp up asset purchases 'without delay' (11-21 17:09)
European stocks rise at open (11-21 16:23)
Hang Seng ends higher (11-21 16:22)
Nikkei closes higher (11-21 15:03)
Nikkei down by break (11-21 11:03)
Taiwan export orders hit record high on iPhone 6 demand (11-20 19:08)
Japan exports up 9.6 percent in October (11-20 18:41)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.