Your Daily Asia Gaming eBrief: MGM China sees near four-fold EBITDA loss increase

Good morning. Results are in! And they're not always pretty. MGM Macau saw its EBITDA loss in 4Q22 rise nearly four-fold, as revenues fell by 44 percent - topping just $174 million. Wynn Macau saw a similarly dismal quarter, with its Cotai property Wynn Palace contributing $105 million of the $181 million loss for the quarter. But sunnier shores were seen in Cambodia, with NagaCorp's FY22 results showing GGR up 99.5 percent and EBITDA values seeing a massive rebound.

What you need to know

• MGM China's 4Q22 EBITDA loss increased nearly four-fold, as revenues fell by 44 percent - to just $174.05 million.
• Wynn Palace causes drag on Macau operations, as VIP phased out, with loss up 44 percent in 4Q22.
• NagaCorp delivers strong results in 2022, with GGR up 99.5 percent and EBITDA seeing a massive rebound.

On the radar

• Former Suncity junket boss Alvin Chau appeals his 18-year prison sentence.
• Macau's gaming watchdog appoints a new deputy director.
• Tourism authority says Macau is no longer a gambling hub.
• Aristocrat leasing 128k square foot office space in SEZ outside New Delhi.
  

AGB Intelligence

MACAU

MGM Macau: near four-fold increase in 4Q22 EBITDA loss

Industry Updates

• BetConstruct: Platform Provider of the Year award at GGA London 2023.
• Aruze Gaming debuts iGaming titles in European market.
• EBET just got EBET’ER.

MEMBERSHIP | MAGAZINE | ASEAN | CAREERS