MCHVY News and Press, MGM China Holdings Ltd. ADR From 02/14/22

Las Vegas Sands (LVS +5.1%) gained the most of any consumer stock in the S&P 500 Index after the emergency approval of the Pfizer antiviral pill is seen by analysts and investor as an indication that the zero-tolerance COVID policy in China could be lifted after the Olympics. The emergenc...

JPMorgan forecasts 2022 gross gaming revenue in Macau will be just over 50% of the pre-pandemic level seen in 2019 off a 70% recovery in mass and a 24% recovery in VIP. That is a slight lift to the previous outlook. Jefferies is also incrementally positive on the Macau outlook. Analyst David ...

MGM China Holdings (OTCPK:MCHVY): Q3 Adjusted EBITDA was ~HK$101M, down by 13% sequentially. Overall occupancy rate was 50.9%, compared to 65.5% in the previous quarter. Revenue of HK$2.2B (-7% Q/Q) Press Release For further details see: MGM China Holdings reports Q3 results

MGM China Reports 2021 Third-Quarter Results PR Newswire Recovery Pace Outperformed Market MGM COTAI Emerald Villa Gainers Accolades HONG KONG , Nov. 3, 2021 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stoc...

Macau casino gross gaming revenue fell by 40.0% in October on a year-over-year comparison to 4.37B patacas ($545M) vs. -42% consensus estimate. On a sequential basis GGR was down 25.8% during the month. A new COVID-19 alert at the beginning of the month impacted tourism negatively during what...

Today is a key date for the Macau sector with a couple of incremental steps taking place in the slow return to normal tourism, updates Jefferies analyst David Katz. Several entertainment venues are reopening after being closed since October 6 and Zhuhai will relax its policy to requiring a ne...

The Macau casino sector continues to slump as COVID restrictions hold back traffic. The first two days of the Golden Week holiday saw just 3,122 visitors, which is significantly lower than the 22,116 who arrived for the same period last year and is less than 1% of the 2019 traffic level, acco...

Jefferies warns on more troubles for the Macau sector in the near term as COVID restrictions remain ahead of a key holiday period. Analyst David Katz and team believe the upcoming Golden Week holidays is likely to disappoint similar to the Chinese New Year due to the potential for new travel ...

Another week, another sector came under the scrutiny of the Chinese government, helping to divert market players from the internet stocks. There are silver linings from the Macau casino regulatory scrutiny that could benefit the Chinese internet sector. Baidu announced several pos...

There are bumps in the road for a recovery in Macau after a new COVID outbreak in the Fujian province of 22 new cases linked to a single traveler. That development has raised concerns of tightening in other areas. Jefferies warns that the improving Macau gross gaming revenue trend in the late...