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mgm china holdings ltd (2282) Details

MGM China Holdings Limited, an investment holding company, is engaged in the development and operation of casino games of chance and other casino games, and related hotel and resort facilities in Macau. It owns and operates the MGM Macau, a 5-star integrated casino and luxury hotel resort located on the Macau Peninsula. The casino has a floor area of approximately 25,677 square meters, with approximately 1,368 slot machines, 427 gaming tables, and multiple VIP and private gaming areas; hotel comprises a 35-story tower with 582 deluxe rooms, including 468 standard guest rooms, 99 luxury suites, and 15 private luxury villas; and resort consists of amenities, such as 8 restaurants and bars, pool and spa facilities, and approximately 1,600 square meters of convertible convention space. The company also holds six gaming concessions or sub concessions to run casino or gaming area in Macau. The company is headquartered in Nape, Macau. MGM China Holdings Limited is a subsidiary of MGM Resorts International Holdings, Ltd.

6,062 Employees
Last Reported Date: 04/8/14

mgm china holdings ltd (2282) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $10.6M
Chairperson, Member of Remuneration Committee...
Total Annual Compensation: --
Co-Chairperson, Member of Disclosure Committe...
Total Annual Compensation: --
Executive Director, Member of Nomination & Co...
Total Annual Compensation: --
Executive Director, Member of Remuneration Co...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

mgm china holdings ltd (2282) Key Developments

MGM China Holdings Limited Announces Dividend, Payable on or About September 1, 2014; Reports Unaudited Financial Results for the Second Quarter and Half Year Ended June 30, 2014

On August 5, 2014, MGM China Holdings Limited's Board of Directors announced a dividend of $136 million, which will be paid to shareholders of record as of August 25, 2014 and distributed on or about September 1, 2014. The Board to declare the payment of interim dividend of HKD 0.28 per Share. The company reported unaudited financial results for the second quarter and half year ended June 30, 2014. For the quarter, net revenues were $827,928,000 against $835,149,000 a year ago. Adjusted EBITDA was $210,488,000 against $204,815,000 a year ago. Operating income was $134,112,000 against $126,134,000 a year ago. For the half year, net revenues were $1,769,376,000 against $1,582,706,000 a year ago. Adjusted EBITDA was $451,213,000 against $385,270,000 a year ago. Operating income was $298,701,000 against $225,251,000 a year ago. Profit attributable to owners was HKD 3,035,187,000 or HKD 79.7 basic and diluted earnings per share compared to HKD 2,472,984,000 or HKD 65.1 basic and diluted earnings per share a year ago. Profit before taxation was HKD 3,042,663,000 against HKD 2,480,460,000 of prior year. Net cash generated by operating activities was HKD 3,622,696,000 against HKD 4,188,282,000 a year ago, the decrease mainly resulted from the decrease in working capital due to the timing difference on payment which partly offset by the increase in casino revenue during the current period.

MGM China Holdings Limited to Report First Half, 2014 Results on Aug 05, 2014

MGM China Holdings Limited announced that they will report first half, 2014 results on Aug 05, 2014

MGM China Holdings Limited, Board Meeting, Aug 05, 2014

MGM China Holdings Limited, Board Meeting, Aug 05, 2014. Agenda: To consider and approve the announcement and publication of the interim results of the company and its subsidiaries for the six months ended June 30, 2014; and to consider the declaration of dividend, if any.


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