Lyon released a report stating that mgm china (02282.HK) third-quarter property EBITDA fell by 19% to 1.984 billion Hong Kong dollars, lower than market expectations and the bank's expectations by 2% to 3%. Although the decline in market share of mgm china in the quarter was not surprising, the profit margin was lower than the bank's expectations.

Lyon stated that due to the renovation work at MGM Macau extending until next year, the growth space for MGM China's profit margin is expected to be limited, but after understanding, it is believed that the impact of the renovation should be manageable; it is expected that by the end of next year, the total number of rooms and suites in MGM China will increase by 25%. Therefore, maintaining the 'outperform the market' rating for MGM China.