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The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its second-quarter financial results showing that its net revenues tumbled by 95% year-on-year to just .According to a report from Inside Asian Gaming, business at the operator’s two venues in Macau has been severely damaged by the recent imposition of local coronavirus-related travel restrictions with the firm admitting that visitation hit ‘near zero’ for the three months to the end of June. The casino firm purportedly furthermore explained that it had drawn down some 0 million on its ....
Parental plunge:Inside Asian Gaming reported that Las Vegas-headquartered MGM Resorts International owns just short of 56% of MGM China Holdings Limited while this firm’s own second-quarter financial results revealed a 91% year-on-year decrease in net revenues to a mere 0 million.25 billion revolving credit facility during the quarter to bring its current outstanding debt to roughly . The casino firm purportedly furthermore explained that it had drawn down some 0 million on its ....
Escalating obligation:MGM China Holdings Limited moreover reportedly announced that its average monthly cash outflow for the three-month period was .The company began operation with the state more than two years ago after receiving a provisional license from the state regulator in June 2018, which GiG used to support Hard Rock International‘s casino operations pending final approval. This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there....
