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MGM China: Revenue Up, Profits Down — The Hidden Cost of Brand Power

MGM China Holdings Ltd continued its growth trajectory in 1Q26, with total revenue rising 9.7% YoY to HK$8.77 billion (US$1.12 billion) and Adjusted EBITDA increasing 3.8% to HK$2.46 billion (US$314 million)—a solid performance driven largely by premium mass demand.

This came as part of broader results from parent MGM Resorts International, which reported record Q1 consolidated net revenues of US$4.5 billion, supported by contributions from both MGM China and its digital arm.

But the real story lies beneath the surface.



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Sands China Revives Rua das Estalagens: A Blueprint for Urban + Tourism Integration

In Macau’s evolving post-gaming landscape, the real battleground is no longer confined to integrated resorts—it’s extending into the city itself.

Sands China Ltd has relaunched its Rua das Estalagens District Revitalization Programme, doubling down on its role in transforming one of Macau’s oldest commercial streets into a vibrant, experience-driven destination.

This isn’t CSR.
It’s structured ecosystem investment backed by regulatory mandate and smart capital deployment.



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When Fashion Meets Gaming: SJM Resorts Brings Vivienne Westwood to Macau

Macau’s transformation into a culture-driven tourism destination continues to accelerate—and SJM Resorts is leaning in with intent.

At a special launch event, SJM announced it will co-present the Vivienne Westwood & Jewellery Exhibition alongside the Vivienne Westwood team from 29 April to 15 July at Grand Lisboa Palace—bringing one of fashion’s most iconic creative legacies directly into Macau’s integrated resort ecosystem.



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Success Universe Doubles Down on Ponte 16: Reinventing Value in Post-Satellite Macau

Macau’s gaming landscape is undergoing a structural reset, and Success Universe Group is responding with clarity rather than retreat.

Following the forced closure of Casino Ponte 16 in November 2025 due to regulatory changes, Chairman Sonny Yeung has reaffirmed the group’s long-term commitment to Ponte 16—not as a pure gaming asset, but as a diversified cultural and tourism destination.

“The Group remains steadfast in its investment in the Ponte 16 project… exploring new hospitality and leisure-entertainment initiatives that will drive sustainable long-term value.”



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Paradise Entertainment’s Pivot: From Satellite Dependency to Tech-Driven Growth

The end of Macau’s satellite casino era has forced a reset across the industry—but for Paradise Entertainment Ltd, it has become a catalyst for transformation. Chairman and Managing Director Jay Chun has made it clear: the company is now pivoting toward new business lines while doubling down on innovation in the electronic gaming machine (EGM) space.