HK Stock Market Move | MGM CHINA (02282) up more than 4%, adjusted EBITDA in the third quarter increased by 19.6% year-on-year, driven by high-end demand for business growth.

MGM CHINA (02282) rose more than 4%, up 3.83% at the time of writing, trading at 15.45 Hong Kong dollars with a trading volume of 1990.68 million Hong Kong dollars. On the news front, MGM CHINA recently announced its third-quarter performance in 2025, with total revenue of approximately 8.51 billion Hong Kong dollars, a year-on-year increase of 17.39%. This growth is mainly attributed to an increase in betting on the main gaming tables. The total adjusted EBITDA is approximately 2.373 billion Hong Kong dollars, up 19.6% year-on-year. CICC released a research report stating that MGM CHINA's Q3 2025 performance exceeded market expectations; driven by high-end demand, the company's business performance is strong, with total gaming revenue for MGM Grand and MGM Macau recovering to 170% and 104% of 3Q19 levels respectively. The bank pointed out that due to the strong performance of market share in October 2025, management expects MGM CHINA to achieve over 1 billion US dollars in EBITDA, potentially setting a new record for monthly revenue and EBITDA data.