MGM Resorts recorded a 2% increase in Q3 2025 compared to the same period last year, with consolidated net revenue of $4.3 billion.
MGM also reported a net loss of $285...
MGM China gets US$3B credit to fund operations
MGM China secured a HKD23.4 billion (about US$3 billion) revolving credit facility to help fund its operations and future growth.
The deal, signed with a group of lenders, will start on April 22 and will last for five years. In simple terms, this credit facility works like a flexible loan. MGM China can dip into it when needed, repay, and borrow again. The interest rate will vary, depending on market conditions and how much debt the company is carrying, ranging between 1.625% and 2.75% above HIBOR.
This new facility will replace two older credit lines, one from 2019 and another from 2020, which have been extended and expanded over the years. Together, they helped keep the business running smoothly during tough times, including the pandemic.
MGM China stated:
“The proceeds of the revolving credit facility will be used to refinance the existing revolving credit facility and second revolving credit facility… for ongoing working capital needs and general corporate purposes of the group.”
The money will primarily go toward general business needs and working capital for MGM’s two flagship resorts in Macau: MGM Macau and MGM Cotai.
If MGM Resorts International ever loses majority control of MGM China, the loan must be repaid immediately. Overall, this move gives MGM China more financial independence as Macau’s gaming and tourism industries continue to rapidly grow.
After three decades with MGM Resorts, Corey Sanders will step down on December 31. His role as chief operating officer will be taken over by Ayesha Molino.
Molino isn’t new...
