By the end of next year, the total number of rooms and suites at mgm china is expected to increase by 25%.
According to the report released by Lyon, maintaining the "outperform the market" rating for MGM China (02282). The company's third-quarter property EBITDA fell 19% to 1.984 billion Hong Kong dollars compared to market expectations and the bank's expectations of 2%-3% lower. Although the market share of MGM China fell quarter-on-quarter, the profit margin was lower than the bank's expectations.
The bank stated that due to the renovation work at MGM Macau continuing until the middle of next year, it is expected that the profit margin growth space for MGM China will be limited, but after understanding, the impact of the renovation is considered controllable; it is expected that by the end of next year, the total number of rooms and suites at mgm china will increase by 25%.