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11 February, 2021 | Land-BasedCasinoFinancialIndustry

MGM China reports revenue for 2020 down by 78%

MGM China Holdings Limited announced its revenue declined by 78% to HKD5.1bn for the year that ended 31 December 2020. For the period, the group recorded a negative adjusted EBITDA of approximately HKD1.4bn. According to the statement, the Covid-19 pandemic had a severe impact on the company. Despite tourism picking up with the easing of quarantine measures between Macau and mainland China, the overall hotel occupancy in Macau&nbs...
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