MGM China, a Macau-based flagship developer, owner and operator of gaming resorts and accommodation in the Greater China region, officially announced overnight a decline in group-wide profit of HK$5.23 billion, which is approximately 666 million US dollars, in 2022, compared to a HK$3.85 billion, which is approximately 490 million US dollars, drop in 2021 because of the ongoing consequences of the COVID-19 pandemic.
In the official release of its FY22 financial results, the company also disclosed an adjusted EBITDA drop of HK$1.27 billion, which is approximately $162 million US dollars, in 2022, meaning its EBITDA profit fell from HK$187.2 million, which is approximately $24 million US dollars, in 2021 earnings.
In the official release of its FY22 financial results, the company also disclosed an adjusted EBITDA drop of HK$1.27 billion, which is approximately $162 million US dollars, in 2022, meaning its EBITDA profit fell from HK$187.2 million, which is approximately $24 million US dollars, in 2021 earnings.
