Thanks to the rebound of tourism in mainland China and Macau, MGM International Hotel Group rose in China. The company's performance in the fourth quarter of last year exceeded expectations.
MGM International released on Tuesday (February 13) for the fourth quarter of last year and the annual financial report.The financial report shows that the net income of MGM International in the fourth quarter was 4.4 billion US dollars (S $ 5.946 billion), an increase of 22%over the same period last year, and exceeded the expected $ 4.14 billion in the market.
At the same time, MGM China achieved a net income of 983 million US dollars, an increase of 462%year -on -year, and an increase of 35%from the fourth quarter of 2019.MGM announced that this growth was mainly related to the cancellation of the restrictions on the epidemic of the crown disease and the increase in Chinese tourists.
From the perspective of the year, MGM's net income was 16.2 billion US dollars, a year -on -year increase of 23%, mainly due to the increase in non -gaming income from MGM China and Las Vegas Resort.MGM China achieved net revenue of US $ 3.2 billion throughout the year, an increase of 368%from US $ 674 million last year, and 9%from 2019.
The Macau tourism and gaming industry accelerates recovery.According to data from the Macau Gaming Supervision and Coordination Bureau last month, Macau's gaming revenue last year was 183.1 billion yuan (Macau dollars, S $ 30.743 billion), which increased by 333.8%year -on -year, which means that Macau gaming revenue has rebounded to 62.6%in 2019.
A total of 28.21 million people in Macau's annual entry passengers last year, an increase of 3.9 times year -on -year, and restored to 71.6%in 2019.On the first day of the New Year of the Lunar New Year (February 10) to the third (12th) this year, the average daily passenger reached 167,000. Among them, more than 210,000 passengers entered the country on the third day of the year.It is also the second high since the single -day statistics.
