Macau casino operator MGM China Holdings Ltd saw its revenue for the first three months of 2021 rise by 8.8 percent year-on-year, to nearly HKD2.30 billion (US$296.4 million). The increase was mainly supported by a growth in the mass-market segment, according to the quarterly earnings filing of the parent company, United States-based MGM Resorts International.
MGM China’s net revenue for the three months to March 31 was down 2.6 percent sequentially, according to Wednesday’s filing.
In a presentation issued alongside the results, the parent company said MGM China had “outperformed” the local market, with its first-quarter gross gaming revenue (GGR) recovering to about 40 percent of pre-pandemic levels.