MGM China third 188bet net income 2.US.9 billion,Five times increase year-on-year

Great Scenic Area Author of this article: 188bet 2021-11-04
Compared to this 188bet,Last year’s 188bet was greatly affected by Macau’s travel and entry restrictions and other operational restrictions related to the epidemic。

October 4,MGM China releases third quarter results,The company’s net income in the third quarter was 2.US.9 billion,An increase of 517% compared with last year’s quarter,61% decrease compared to the 188bet 2019。Compared to this quarter,Last year’s quarter was greatly affected by Macau’s travel and entry restrictions and other operational restrictions related to the epidemic。

Announcement display,MGM China net revenue adjusted for VIP table win rate is 2.US.2 billion,403% increase compared to last year’s quarter,61% decrease compared to the 188bet 2019;Adjusted property EBITDAR of million,And last year’s quarter was a loss of 9,USD 6 million,96% decrease compared to the 188bet 2019;MGM China Adjusted Property EBITDAR loss adjusted for VIP table win rate was million,And last year’s quarter was a loss of 9,USD 3 million,The 188bet 2019 is 1.USD 700 million。

Among them,Affected by the new coronavirus epidemic,The Macau government orders all casino operators in Macau to temporarily suspend casino operations for 15 days starting from February 5, 2020。Therefore,In addition to operations necessary to provide adequate non-gaming facilities for any remaining hotel guests,All operations of MGM Macau and MGM Cotai are suspended。Although operations have resumed on February 20, 2020,However, certain health protection measures are still in effect as of September 30, 2021。As of the date of this announcement, Macau、Many travel and entry restrictions in Hong Kong and Mainland China remain in effect,In response to the adverse impact of the novel coronavirus epidemic on the Group’s financial condition,At the same time respond to the call of the Macau government,Try to keep local jobs,We have taken several measures since the outbreak of the new coronavirus,Including reducing salary expenses and deferring certain capital expenditures。

As understood,The company’s controlling shareholder MGM Resorts International for the nine months ended September 30, 2020,Realized total income 69.HK.9 billion,154 year-on-year increase.56%;General Manager Adjusted EBITDA Profit 3.HK>249_word_end<.1 billion,Loss 17 in the same period last year.HK.9 billion。

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