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MGM China Holdings Ltd (2282.HK)

2282.HK on Hong Kong Stock

13.70HKD
18 Jul 2019
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Latest Key Developments (Source: Significant Developments)

MGM China Holdings Says Sub-Concession Extension Contract Has Been Approved By Macau Govt
Friday, 15 Mar 2019 

March 15 (Reuters) - MGM China Holdings Ltd <2282.HK>::SUB-CONCESSION EXTENSION CONTRACT HAS BEEN APPROVED AND AUTHORIZED BY MACAU GOVERNMENT AND EXECUTED BETWEEN SJM AND MGM GRAND PARADISE.MGM GRAND PARADISE SHALL PAY MACAU GOVERNMENT ABOUT HK$194 MILLION UPON SIGNING OF SUB-CONCESSION EXTENSION CONTRACT AS CONTRACT PREMIUM.SUB-CONCESSION EXTENSION CONTRACT REQUIRES MGM GRAND PARADISE TO SUBMIT BANK GUARANTEE OF NOT LESS THAN HK$796.12 MILLION TO MACAU GOVERNMENT.MGM GRAND PARADISE EXECUTED AGREEMENT WITH SJM, WHERE MGM GRAND PARADISE WILL PAY SJM HK$19.42 MILLION FOR GAMING SUB-CONCESSION EXTENSION.  Full Article

MGM Resorts International Announces Extension Of Macau Gaming Sub-Concession To June 2022
Friday, 15 Mar 2019 

March 15 (Reuters) - MGM China Holdings Ltd <2282.HK>::MGM RESORTS INTERNATIONAL ANNOUNCES EXTENSION OF MACAU GAMING SUB-CONCESSION TO JUNE 2022.MGM RESORTS INTERNATIONAL- MGM GRAND PARADISE ENTERED INTO SUB-CONCESSION EXTENSION, DUE TO EXPIRE ON MARCH 31, 2020, WOULD BE EXTENDED TO JUNE 26, 2022.MGM RESORTS INTERNATIONAL- IN CONNECTION WITH EXTENSION, MGM GRAND PARADISE WILL PAY GOVERNMENT OF MACAU MOP200 MILLION UPON SIGNING OF EXTENSION AGREEMENT.  Full Article

MGM Resorts International Reports Q4 Loss Per Share $0.06
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Mgm Resorts International ::REPORTS FOURTH QUARTER AND FULL YEAR FINANCIAL AND OPERATING RESULTS.Q4 LOSS PER SHARE $0.06.Q4 EARNINGS PER SHARE ESTIMATE $0.12 -- REFINITIV IBES DATA.ANNOUNCES 8% INCREASE TO QUARTERLY CASH DIVIDEND.QTRLY NET REVENUES INCREASED 18% COMPARED TO PRIOR YEAR QUARTER TO $3.1 BILLION.QTRLY CONSOLIDATED NET REVENUES INCREASED 18% COMPARED TO PRIOR YEAR QUARTER TO $3.1 BILLION.CURRENT QUARTER INCLUDED A NON-RECURRING, NON-CASH INCOME TAX EXPENSE OF $92 MILLION, $0.17 PER SHARE ON A DILUTED BASIS.QTRLY LAS VEGAS STRIP RESORTS REVPAR INCREASED 8.2% COMPARED TO PRIOR YEAR QUARTER.QTRLY CASINO REVENUE DECREASED 3% COMPARED TO THE PRIOR YEAR QUARTER AT CO'S LAS VEGAS STRIP RESORTS."THROUGH MGM 2020, WE ARE REINVESTING IN OUR BUSINESS AND WE EXPECT TO BEGIN TO SEE FINANCIAL BENEFITS IN BACK HALF OF 2019".BOARD OF DIRECTORS APPROVED A QUARTERLY DIVIDEND OF $0.13 PER SHARE.QTRLY ROOMS REVENUE INCREASED 10% COMPARED TO THE PRIOR YEAR QUARTER AT CO'S LAS VEGAS STRIP RESORTS.QTRLY NET REVENUES OF $687 MILLION, UP 33% FOR MGM CHINA.Q4 REVENUE VIEW $2.98 BILLION -- REFINITIV IBES DATA.  Full Article

MGM Resorts International Q2 Earnings Per Share $0.21
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Mgm Resorts International ::QTRLY REVPAR INCREASED 2.8% COMPARED TO PRIOR YEAR QUARTER AT COMPANY'S LAS VEGAS STRIP RESORTS.REPORTS SECOND QUARTER FINANCIAL AND OPERATING RESULTS.Q2 EARNINGS PER SHARE $0.21.Q2 EARNINGS PER SHARE VIEW $0.29 -- THOMSON REUTERS I/B/E/S.QTRLY MGM CHINA NET REVENUES OF $561 MILLION, A 32% INCREASE.QTRLY DOMESTIC CASINO REVENUE FOR Q2 OF 2018 INCREASED 8%.QTRLY DOMESTIC RESORTS ROOMS REVENUE INCREASED 1%.QTRLY REVENUE $2.86 BILLION VERSUS $2.65 BILLION.Q2 REVENUE VIEW $2.96 BILLION -- THOMSON REUTERS I/B/E/S.BELIEVE CO IS WELL POSITIONED IN JAPAN MARKET.EXPECTS FULL YEAR 2018 NET REVENUES & REVPAR AT ITS LAS VEGAS STRIP RESORTS TO DECREASE BY A LOW SINGLE DIGIT PERCENTAGE.  Full Article

MGM Resorts International Prices $1 Bln In Senior Notes
Friday, 15 Jun 2018 

June 14 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL PRICES $1,000,000,000 IN SENIOR NOTES.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED FROM ORIGINALLY ANNOUNCED AGGREGATE PRINCIPAL AMOUNT OF $500 MILLION.MGM RESORTS INTERNATIONAL - PRICED UPSIZED PUBLIC OFFERING OF $1 BILLION OF 5.750% SENIOR NOTES DUE 2025 AT PAR.  Full Article

CityCenter Says Will Seek To Raise $200 Million In New Incremental Term Loan
Monday, 30 Apr 2018 

April 30 (Reuters) - MGM Resorts International ::CITYCENTER ANNOUNCES LAUNCH OF INCREMENTAL TERM LOAN.CITYCENTER HOLDINGS SAYS WILL SEEK TO RAISE $200 MILLION IN AN INCREMENTAL TERM LOAN UNDER ITS EXISTING SENIOR SECURED CREDIT AGREEMENT.CITYCENTER HOLDINGS - TO USE PROCEEDS OF INCREMENTAL TERM LOAN, CASH ON HAND, TO PAY DIVIDEND OF $400 MILLION TO ITS SHAREHOLDERS.  Full Article

MGM Resorts International Q3 earnings per share $0.26
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - MGM Resorts International :MGM Resorts International reports third quarter financial and operating results.Q3 earnings per share $0.26.Q3 same store sales rose 2 percent.Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S.Casino revenue for Q3 of 2017 increased 32% compared to prior year quarter​.Qtrly ‍REVPAR growth of 4.2% over prior year quarter at company's Las Vegas Strip resorts​.Qtrly MGM China​ ‍net revenues of $471 million, a 6% decrease.Qtrly ‍domestic resorts rooms revenue increased 7% compared to prior year quarter​.Qtrly revenue $2.83 billion versus $2.52 bln‍​ (excluding promotional allowances).Q3 revenue view $2.77 billion -- Thomson Reuters I/B/E/S.  Full Article