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MGM looks to US$10b Japan bet as Macau unit beats estimates

Published Tue, Nov 8, 2016 · 09:50 PM
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Los Angeles

MGM Resorts International is planning to bet on a US$10 billion casino in Japan if the country legalises gambling resorts, expanding the operator's Asia focus as its Macau unit recovered from a gambling slump to post third-quarter profit that beat expectations.

MGM China Holdings Ltd's adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 15 per cent to HK$1.28 billion (S$229 million) in the three months ended September, it announced late on Monday.

That compared with the median estimate of HK$1.09 billion by seven analysts surveyed by Bloom…

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