It said the company “continues to outperform industry recovery and grow from 2019”. “The group is pleased to see a solid recovery in Macau since the beginning of the year,” stated MGM China in its Thursday release. Third-quarter group adjusted EBITDA margin however was slightly lower quarter-on-quarter at 29.6 percent, versus 30.1 percent in the April to June 2023 period. The firm said in a separate press release that adjusted EBITDA exceeded by 122 percent the third-quarter 2019 results. In a separate filing to the Hong Kong Stock Exchange, MGM China said its third-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were HKD1.89 billion (US$243.1 million), up 7.9 percent quarter-on-quarter. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday filing from parent MGM Resorts International. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9.7 percent sequentially to US$812.5 million in the third quarter. Newsdesk Latest News, Macau, Top of the deck MGM China 3Q net revenue up 10pct q-o-q, to US$813mln
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