India, April 30 -- MGM China Holdings Limited (M04.F,2282.HK), an operator of gaming and lodging resorts, reported Thursday that its first-quarter adjusted EBITDA grew 4 percent year-on-year to HK$2.5 billion.
Adjusted EBITDA margin for the period was 28.0 percent, lower than 29.6 percent last year.
MGM China's net revenue grew 10 percent year-on-year to HK$8.8 billion. Daily total Gross gaming revenue or GGR increased 13 percent year-on-year, and daily mass GGR surged 19 percent.
Macau's average daily visitor arrival in the first quarter grew 14 percent year-on-year to 124,599. GGR in Macau rose 14 percent year-on-year, with daily GGR reaching a post-pandemic high.
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