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MGM China Revenues Rise 10% in Q1, But VIP Markets Fall
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MGM China Revenues Rise 10% in Q1, But VIP Markets Fall
MGM China has seen net revenues rise to HK $8.8 billion (approximately $1.15 billion) in the first quarter of the year, marking a 10% rise on the same period last year.VIP spending has fallen over the same period, however, the Japanese-language, Macao-based newspaper Macau Shimbun reported.The group’s VIP hold rate fell by a percentage point to 2.5%. In the casino industry, hold rates refer to win percentages from high-spending VIP players. The …
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