MGM China posts net revenue of HK$5.3bn for FY2022

MGM China Holdings has released its unaudited 2022 annual financial report. The company published figures from both the final quarter of 2022 and for the entire fiscal year. The operator posted net revenue of nearly HK$5.3bn ($680m), representing almost half of its net revenue when compared to the previous fiscal year. MGM China reported a negative adjusted EBITDA that reached HK$1.3bn. Occupancy in 2022 reached 34.1%, down more than 20 percent...