Added to YB: 2025-07-24
Pitch date: 2025-07-22
2282.HK [bullish]
MGM China Holdings Limited
+4.22%
current return
Author Info
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Company Info
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region.
Market Cap
HKD 60.8B
Pitch Price
HKD 15.66
Price Target
N/A
Dividend
3.77%
EV/EBITDA
9.75
P/E
13.27
EV/Sales
2.51
Sector
Hotels, Restaurants and Leisure
Category
growth
MGM China: Bets Big on Luxury, Culture, and Growth
2282.HK: MGM China mkt share 9.5% to 16% (2019-24) w/ 198 new tables under 10yr concession. $4B rev in 2024 vs $676M in 2022. Expanding luxury: Cotai converting 160 rooms to 60 suites, Macau upgrading villas +25% by 2025. Strong financials w/ 6.7% rev CAGR, 8% EBITDA CAGR, outperforming Wynn/Sands. Trading at 9.1x EV/EBITDAR vs peers 5.5-11.5x.
Read full article (5 min)