HK Stock Market Move | MGM China (02282) opens up more than 4%, and after last year's adjustment of its branches, its EBITDAR increased by 25% year-on-year.

MGM CHINA (02282) opened more than 4% higher, and as of the time of writing, it has increased by 4.02% to 10.1 Hong Kong dollars, with a trading volume of 1.66 million Hong Kong dollars. On the news front, MGM CHINA announced that the net income for the fourth quarter of 2024 was 1 billion US dollars, an increase of 4% from the 983 million US dollars in the same quarter last year, mainly due to an increase in win rates leading to higher casino revenue compared to last year; and the EBITDAR adjusted for the quarter was 255 million US dollars, a decrease of 3% from last year's 262 million US dollars. For the full year of 2024, the net income was 4 billion US dollars, an increase of 28% from last year's 3.2 billion US dollars; and the EBITDAR adjusted for the year was 1.1 billion US dollars, an increase of 25% from last year's 867 million US dollars.