Content Writer: Janice Chew • Thursday, 26/02/2026 - 11:29:52 - AM
MGM Resorts International has inadvertently revealed a robust performance for its Macau unit after briefly publishing unaudited 4Q25 financial figures, showing MGM China revenue rising 21.4% year-on-year to US$1.24 billion. While the disclosure was quickly removed, the figures have drawn industry attention, offering an early glimpse into how one of Macau’s leading concessionaires closed out the year amid a sustained tourism rebound and improving premium mass demand.
The results underscore the continued recovery of MGM China, driven by solid visitation growth, higher table utilization and a strong performance at its Cotai and peninsula properties. Industry observers note that MGM China has been particularly effective in capturing higher-yield mass and premium customers, aligning with Macau’s broader shift away from VIP-heavy gaming toward a more diversified, tourism-led model. The revenue growth also compares favorably with sector-wide trends reported across multiple Macau operators in late 2025.
From a market perspective, the accidental release reinforces confidence that Macau’s gaming recovery is not only holding but accelerating into 2026. Analysts have pointed to improving hotel occupancy, stronger non-gaming spend and stabilising operating margins across the city, helped by better cost discipline and increased footfall during peak travel periods. MGM China’s numbers sit comfortably within these wider trends, suggesting competitive execution rather than a one-off spike.
Strategically, the performance strengthens MGM Resorts’ broader Asia narrative at a time when investors are closely watching capital allocation, dividend sustainability and regional growth engines. With Macau visitor arrivals reaching post-pandemic highs and infrastructure improvements enhancing accessibility, MGM China appears well-positioned to maintain momentum. While management has yet to formally confirm the figures, the brief disclosure has already set expectations that 4Q25 and full-year results will reflect one of MGM China’s strongest post-COVID performances to date.