Record-High Performance and Market Share<\/b><\/p>\n
HONG KONG<\/span>, May 2, 2024<\/span> \/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, 2024<\/span> (the "Period").<\/p>\n The Group is pleased to see a continuous recovery in Macau<\/span>. Average daily visitor arrival for the Period reached 97,536 up 8%from the previous quarter, recovered to 85% of same period in 2019.<\/p>\n Gross gaming revenue (GGR) in Macau<\/span> also continued to see sequential growth over the quarters. Headline GGR rose 7% quarter-to-quarter to MOP630 million per day in first quarter 2024, represented 74% of same period 2019. Most importantly, mass GGR was estimated to be up approximately 5% quarter-to-quarter to hit all-time highs, recovering to approximately 110% of pre-COVID, ramped from 104% in four quarter last year.<\/p>\n Kenneth Feng<\/span>, President and Executive Director of MGM China <\/b>said: "Our outstanding performance demonstrates our deep understanding of customers with continued improvements in service levels. It is also a testament to our team’s continuous innovation in crafting compelling experiences for our customers.<\/p>\n "The resumption of dividend demonstrates our confidence in the future of Macau<\/span> and MGM China, along with our commitment on bringing return on investment to shareholders," said Kenneth Feng<\/span>.<\/p>\n With a guest-centric focus, MGM is awarded in February seven Five-Star awards by Forbes Travel Guide 2024<\/i>. This demonstrates our leading position in the hospitality industry and its commitment to providing the finest service and resort amenities.<\/p>\n During the quarter, MGM China has proudly delivered a series of non-gaming events and excitements to Macau<\/span>. In January, we hosted Bruno Mars<\/span>, the 15-time Grammy Awards-winner, and his The One & Only Night<\/i> concert at MGM COTAI, bringing in an entertainment and performing event to feature Macau<\/span> as the World Center of Tourism and Leisure.<\/p>\n As a supporter of cultural tourism, MGM has jointly presented with world-renowned musician Tan Dun<\/span> his symphonic masterpiece Buddha Passion<\/i> at the MGM Theater at MGM COTAI. Empowered by the vast spectacle of the MGM Theater’s 28 million pixels LED screen, the epic – composed and scripted by Tan Dun<\/span> – has achieved its first-ever immersive fusion of music and technology. The performance pays homage to Chinese intangible cultural heritages and further illuminates Macau<\/span> as the City of Performing Arts. This cultural mega event also serves as a grand tribute to the 75th anniversary of the founding of the People’s Republic of China<\/span> and the 25th anniversary of Macao’s<\/span> return to the Motherland. "<\/p>\n "We are committed to bringing more unique and integrated experiences to our customers, with the view to align our offerings with the Macau Government’s vision to develop the city into a global and diversified tourist destination," said Kenneth Feng<\/span><\/b>.<\/p>\n \u2013 END \u2013<\/p>\n About MGM China Holdings Limited<\/u><\/b><\/p>\n\n