Record-High Performance and Market Share HONG KONG, May 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2024 (the "Period"). The Group is pleased to see a continuous recovery in Macau. Average daily visitor arrival for the Period reached 97,536 up 8%from the previous quarter, recovered to 85% of same period in 2019. Gross gaming revenue (GGR) in Macau also continued to see sequential growth over the quarters. Headline GGR rose 7% quarter-to-quarter to MOP630 million per day in first quarter 2024, represented 74% of same period 2019.  Most importantly, mass GGR was estimated to be up approximately 5% quarter-to-quarter to hit all-time highs, recovering to approximately 110% of pre-COVID, ramped from 104% in four quarter last year. MGM China is glad to record sequential growth across segments and growth from 2019, outperformed the industry recovery. Property visitation for the Period was 151% of 2019. Daily GGR was 136% of first quarter 2019. Mass GGR (including slot) was 189% of pre-COVID levels. Net revenue of the Group was HK$8.3 billion, increased by 70.6% from same quarter last year, reached 143% of first quarter 2019. The Group saw record high adjusted EBITDA and market share for the Period. Adjusted EBITDA was HK$2.5 billion, grew by 77.3% from same quarter last year, represented 155% of first quarter 2019. Market share in Macau further climbed to 17% in the first quarter of 2024, compared to 15.2% in 2023 and 9.5% in 2019. During the Period, MGM COTAI market share was 10.1% and MGM MACAU was 6.9%. Adjusted EBITDA margin for the Period was 30.3%, highest since post-COVID, improved from 29.2% same quarter last ...