2282.HK - MGM China Holdings Limited

HKSE - HKSE Delayed Price. Currency in HKD
12.360
+0.320 (+2.66%)
At close: 4:08PM HKT
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Previous close12.040
Open12.060
Bid0.000 x 0
Ask0.000 x 0
Day's range12.060 - 12.360
52-week range11.100 - 25.500
Volume4,414,000
Avg. volume8,874,937
Market cap46.968B
Beta (3Y Monthly)1.37
PE ratio (TTM)20.23
EPS (TTM)0.611
Earnings date1 Aug 2018 - 6 Aug 2018
Forward dividend & yield0.13 (1.03%)
Ex-dividend date2018-08-21
1y target est18.70
  • Reuters10 days ago

    Walmart partners with MGM to boost video-on-demand service Vudu

    Walmart Inc said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the retailer bought eight years ago. Walmart has been looking to prop up Vudu's monthly viewership that remains well below that of competitors like Netflix Inc and Hulu LLC, which is controlled by Walt Disney Co, Comcast Corp and Twenty-First Century Fox Inc. Media outlets had reported the Bentonville, Arkansas-based company was looking to launch a subscription streaming video service to rival that of Netflix and make a foray into producing TV shows to attract customers.

  • Reuters16 days ago

    Macau casinos post Sept revenues of $2.73 bln

    HONG KONG, Oct 1 - Gambling revenue in the Chinese territory of Macau posted a 2.8 percent gain in September, with solid demand from Chinese betters keen to play in the country's only legal casino hub. ...

  • Reuters2 months ago

    Macau's booming casinos post 17 percent revenue gain in August

    (Widens distribution) Sept 1 - Gambling revenue in the Chinese territory of Macau posted a 17 percent gain in August, thanks to active gaming by Chinese betters keen to play in the country's only legal ...

  • The Wall Street Journal3 months ago

    [$$] Macau, Asia’s Vegas, Can’t Beat the Real McCoy for Fun

    MACAU—It took Macau just two years to eclipse the Las Vegas Strip as the world’s biggest gambling hub after the Chinese territory opened up its casino market. Trying to catch up with Vegas as an entertainment capital is slower going. Michelin-star chefs, circus shows and concerts by Bruno Mars and Celine Dion are among the star attractions Macau has promoted in an effort to lure tourists who don’t necessarily want to play the tables.

  • Reuters3 months ago

    Macau gambling revenues jump 10 percent in July

    Gambling revenue in the Chinese territory of Macau rose 10.3 percent in July from a year ago period, bolstered by demand from Chinese betters keen to play in the country's only legal casino hub. Figures from Macau's Gaming Inspection and Coordination bureau showed on Wednesday revenues were up from the month of June, reaching 25.3 billion patacas ($3.14 billion) versus analyst expectations of 5-13 percent growth. Macro factors including tighter Chinese credit and softening economic growth may also crimp demand from VIP players going forward.

  • Reuters3 months ago

    Former owner of 500 Macau greyhounds announces rehousing plan

    An official of Macau's Yat Yuen, the company that ran the only dog-racing track in the world's largest gambling hub until last week, joined hands on Friday with animal rights group Anima to announce plans for a centre to rehouse more than 500 greyhounds. The animals, temporarily adopted by authorities after being abandoned by Yat Yuen, which ran Macau's Canidrome Club until the track closed, are to live at the centre until they find new homes, allowing the public a chance to interact with them. "We are performing our social responsibility and also doing what we promised," Angela Leong, the executive director of Yat Yuen, told a news conference, held jointly with Macau-based Anima, that was streamed live on Facebook.

  • Reuters3 months ago

    Macau authorities adopt over 600 greyhounds from closed dog track

    Authorities in Macau, the world's largest gambling hub, said they will care for more than 600 greyhounds after their owner renounced them ahead of the closure of China's only dog-racing track on Saturday. The move comes after a long saga between government officials in the Chinese territory, animal rights activists, and one of the enclave's most well-known businesswomen, Angela Leong, the fourth wife of billionaire gaming magnate Stanley Ho. Leong, a long-standing Macau legislator and executive director of Yat Yuen, the company that operated Macau's Canidrome Club, has been criticised by animal rights groups such as Macau-based Anima, which said the greyhounds had been subject to cruel and inhumane conditions.

  • Reuters4 months ago

    Macau casinos post 12.5 percent gain in June revenues

    HONG KONG, July 1 - Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country's only legal casino hub. June marks ...

  • At HK$020.55, Is It Time To Buy MGM China Holdings Limited (HKG:2282)?
    Simply Wall St.4 months ago

    At HK$020.55, Is It Time To Buy MGM China Holdings Limited (HKG:2282)?

    MGM China Holdings Limited (HKG:2282), a hospitality company based in Macau, saw significant share price volatility over the past couple of months on the SEHK, rising to the highs ofRead More...

  • Reuters4 months ago

    Authorities across Asia battle illegal gambling surge ahead of World Cup

    Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution. Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.

  • Reuters4 months ago

    Macau clamps down on use of UnionPay cards to dodge currency controls

    Authorities in Macau, the world's biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China's latest move to clamp down on illicit capital outflows. The announcement from Macau's monetary authority late on Wednesday adds to a series of measures being implemented in the Chinese territory as it cracks down on such "illegal acts". The warning to banks came after pawn shops operating in Macau casinos had their UnionPay point-of-sale terminals removed, state broadcaster TDM said this week.

  • Is MGM China Holdings Limited (HKG:2282) A Sell At Its Current PE Ratio?
    Simply Wall St.4 months ago

    Is MGM China Holdings Limited (HKG:2282) A Sell At Its Current PE Ratio?

    MGM China Holdings Limited (SEHK:2282) is currently trading at a trailing P/E of 35.1x, which is higher than the industry average of 18.9x. While 2282 might seem like a stockRead More...

  • Reuters5 months ago

    Macau casinos post 12 percent revenue gain in May

    Gambling revenue in the Chinese territory of Macau posted a lower-than-expected 12.1 percent gain in May, as gamblers wagered less in the country's only legal casino hub. Figures from Macau's Gaming Inspection and Coordination bureau on Friday showed revenues stood at 25.5 billion patacas ($3.16 billion), just shy of the previous month's 25.7 billion patacas. The higher revenue in May still marks the 22nd month of consecutive rises, with revenue gains in the former Portuguese colony surging after plunging to five-year lows on slowing economic growth and a widespread crackdown on corruption starting in 2014.

  • Reuters5 months ago

    Macau court orders $5,000 fine but no jail time for casino hub's youngest lawmaker

    A Macau court on Tuesday levied a fine of $5,000 on the territory's youngest lawmaker, but no jail time, at the conclusion of a trial viewed as a test case of transparency and conflict of interest in the world's biggest gambling hub. The lawmaker, Sulu Sou, 26, was ordered to pay a fine of 40,800 patacas ($5,060) on charges of aggravated disobedience over an unauthorised protest outside the home of the Chinese-controlled territory's leader, Fernando Chui. Macau law provides for Sou to be stripped of his duties as a legislator if he spends more than 30 days in jail.

  • MGM Resorts (MGM) Down 3% Since Earnings Report: Can It Rebound?
    Zacks5 months ago

    MGM Resorts (MGM) Down 3% Since Earnings Report: Can It Rebound?

    MGM Resorts (MGM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Reuters5 months ago

    Hong Kong group aims to curb money laundering around Asia

    A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The heavyweight meeting, which had government representatives from countries including China, the Philippines, Thailand and Cambodia, aimed to provide an information exchange platform as rapidly evolving technology makes it harder to regulate illicit money flows.

  • Reuters6 months ago

    Macau casino SJM posts 26 pct rise in Q1 profit

    HONG KONG, May 2 (Reuters) - Macau casino SJM Holdings posted a 25.8 percent rise in its first-quarter net profit on Wednesday on strong gambling demand in the only place in China where casinos are legal. ...

  • Reuters6 months ago

    As Stanley Ho prepares to cash in his chips, an uncertain future for SJM

    Macau's oldest gambling company, SJM Holdings, is playing catch up as its rivals ride the wave of a gambling boom in the southern Chinese territory. SJM, which is controlled by the family of Stanley Ho, is facing an unclear leadership future and the delayed opening of its planned $4.6 billion casino resort in Macau's Cotai strip. The departure of Ho, who is one of Asia's richest men, once he retires as chairman of SJM on June 12, could spark a power struggle at the company, analysts say.

  • Reuters6 months ago

    Macau casinos' revenue jumps 28 pct in April, beats forecast

    May 1 (Reuters) - Gambling revenue in the Chinese territory of Macau surged 28 percent in April and beat analyst expectations, helped by solid demand from Chinese betters keen to play in the country's ...

  • Reuters6 months ago

    Shares of China internet poker game firms drop on reports of ban

    Shares in Chinese companies offering online and mobile poker games have shed up to a fifth of their value over the past week, following reports in local media that the government would ban all poker-related applications from June 1. Companies like Boyaa Interactive and Our Game have seen their stocks slide up to 18 percent since the informal directive from the country's ministry of culture was reported in local media on April 19. A copy of the directive - circulated in local media and seen by Reuters - asks gaming platforms to stop operating Texas Hold'em games, a variation of poker, forbid services that transfer or trade virtual currency and stop the publication of anything poker or gambling-related on Weibo and WeChat.

  • Reuters6 months ago

    BRIEF-MGM China Holdings Says MGM China Qtrly Operating Income $55 Mln

    April 26 (Reuters) - MGM China Holdings Ltd: * MGM CHINA QTRLY NET REVENUES $596 MILLION, UP 25 PERCENT; QTRLY OPERATING INCOME $55 MILLION VERSUS $75 MILLION IN PRIOR YEAR QUARTER Source text for Eikon: ...

  • PR Newswire6 months ago

    MGM China Reports 2018 First Quarter Financial Data

    In the first quarter, MGM China recorded total revenue of HK$4.7 billion, an increase of 26% from the same quarter last year. While the gross gaming revenue (GGR) of Macau gaming market grew approximately 21% year on year to HK$74 billion in the first quarter this year, MGM China saw its casino win up by approximately 24%. Slot win at MGM China increased by approximately 41% from last year, compared to an estimated growth of 18% for the slot GGR in Macau.

  • PR Newswire6 months ago

    MGM China Reports 2018 First Quarter Financial Data

    In the first quarter, MGM China recorded total revenue of HK$4.7 billion, an increase of 26% from the same quarter last year. While the gross gaming revenue (GGR) of Macau gaming market grew approximately 21% year on year to HK$74 billion in the first quarter this year, MGM China saw its casino win up by approximately 24%. Slot win at MGM China increased by approximately 41% from last year, compared to an estimated growth of 18% for the slot GGR in Macau.

  • PR Newswire6 months ago

    The MGM Resorts Foundation Awards $30,000 In Grants to Local Nonprofits That Aid Human Trafficking Victims

    LAS VEGAS, April 25, 2018 /PRNewswire/ -- The MGM Resorts Foundation (the "Foundation") recently donated the proceeds from its popular Annual Women's Leadership Conference held in 2017 to three local nonprofit organizations dedicated to helping those affected by human trafficking in our Las Vegas community: The Embracing Project/The Center 4 Peace, SEEDS of Hope and The Rape Crisis Center. The funds came from proceeds after costs from the 2017 Women's Leadership Conference (WLC), a Foundation signature event.

  • Reuters6 months ago

    In Vietnam, a mega casino rises with the help of a Macau junket company

    Along a three-kilometre (2-mile) stretch of coastline in central Vietnam, construction cranes are digging up mounds of sand and rubble where the country's biggest casino is set to open next year. Driving the project is Suncity Group Holdings Ltd, which has made billions luring high-rollers – mainly from China - to the baccarat tables in the Chinese territory of Macau. Vietnam is betting big on developing a gambling industry, targeting the Chinese tourists who have been flocking to the country in recent years.