MGM China's full-year net profit for 2024 was $4 billion, an increase of 28% year-on-year.

MGM CHINA (02282) announced that in the fourth quarter of 2024, the net income was $1 billion, an increase of 4% compared to $983 million in the same quarter last year, mainly due to the increase in win rate which boosted casino revenue compared to last year; and the adjusted EBITDAR for this quarter was $255 million, a decrease of 3% from $262 million in the same quarter last year. For the full year of 2024, the net income was $4 billion, an increase of 28% from $3.2 billion last year; and the adjusted EBITDAR for the year was $1.1 billion, an increase of 25% from $867 million last year.