MGM China releases Q1 2026 financial results, revenue up by 10%

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MGM China Holdings Limited, the globally recognizable hospitality, gaming and entertainment company, starts 2026 on a high note with strong results reported for the three months ended March 31, 2026.

Mass GGR soars to a historical high

The company’s latest unaudited financial report reveals that the total net revenue in Q1 2026 hit HK$8.8bn ($1.12bn). This result, compared to the corresponding quarter in 2025, suggests a strong 10% year-over-year growth. Equally as important, the daily total GGR increased by 13% year-over-year, while daily mass GGR, including slot machines, soared by 19% year-over-year in what was described by MGM China as a historical high. In Q1, adjusted EBITDA increased by 4% year-over-year, hitting HK$2.5bn ($319m). Importantly, MGM China reported average occupancy in Q1 2026 of 93.9%, a result that was on par with the 93.3% figure from the same quarter last year. According to the recent report, the company maintained a healthy financial position in Q1 2026, reporting total liquidity of approximately HK$25bn ($3.19bn) as of March 31, 2026. Kenneth Feng, MGM China’s Chief Executive Officer, commented on the newly released financial results, Casino Guru News learned from a press release. Our outstanding performance demonstrates our deep understanding of customers and focus on what they truly want, he said.Moreover, Feng pointed out: It also honors our team's commitment and effort in improving products and service levels as well as crafting compelling experiences for our guests. The executive added that the Group plans to renovate MGM Macau to ensure that guests will continue to benefit from exceptional experiences. At the same time, Feng explained that this renovation will further strengthen the property’s competitiveness. We are committed to bringing more unique and integrated experiences to our customers, to develop Macau into a global and diversified tourist destination through our concession commitments, the executive said in conclusion.

MGM China’s properties record revenue increase

A breakdown of the total net revenue in Q1 2026 per property points to strong growth. The company’s MGM Cotai property posted HK$5.3bn in revenue during the latest trading period. Compared year-over-year to the corresponding quarter, the latest result points to a 10% increase. Not unexpectedly, MGM Macau also posted solid Q1 2026 results. In total, the property’s revenue hit HK$3.4bn, up by 9% year-over-year.