Morgan Stanley Resumes MGM Resorts (MGM) at Overweight
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MGM China Reports 2016 First Quarter Financial Data
May 5, 2016 9:15 AM EDTHONG KONG, May 5, 2016 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2016.
In the first quarter, MGM China recorded total revenue of HK$3.6 billion, a decrease of 25% from a year ago, narrowed from the 31% year-on-year decline in the quarter in prior. Adjusted EBITDA was HK$995 million, down 23% from a year ago. Our business in the quarter was negatively... More