MGM Resorts has moved irreversibly closer to start an integrated resort in Osaka. The Osaka Prefectural Government has announced that the US casino group and its local partner Orix are the only consortium left in the fray.

Two more companies had been in the race reportedly: Galaxy Entertainment Group and Genting Singapore. However, both of them seem to have withdrawn from the race, as MGM emerges as the last man standing. The prefecture authorities have confirmed that the government had only received the application from MGM only.

Shortly after the announcement, Genting Singapore issued a statement in which it explained it “had to abandon our participation in the RFP for the Osaka/Yumeshima District Specified Complex Tourism Facilities Installation and Operation Project” after coming to the conclusion that it was unlikely to win.

Genting will now focus on Yokohama, like LVS, Melco and Wynn.

Wazdan is excited to announce a new deal that will see its innovative online slot games integrated onto Salsa Technology’s market-leading Game Aggregation Platform.

This latest venture brings passionate slots producer, Wazdan, to the users of Latin American specialist iGaming platform, Salsa Technology, in a deal that sees Wazdan games available through the Salsa Technology platform, reaching casinos in Latin America and Asia.

Recently rebranded from Patagonia Entertainment, Salsa Technology is an omnichannel iGaming platform, which services both online and land-based operators through its leading Game Aggregating Platform (GAP). Founded out of the Latam region, Salsa Technology is the leading player in this part of the world, with its platform, technology and games portfolio all lab certified for Colombia and Mexico, as well as Asia and soon to be Europe.

Starting as a Video Bingo game development company, Salsa Technology has expanded to become a leader in the Latam iGaming market and increasingly around the globe, while still holding onto its status of producing some of the most renowned Video Bingo titles on the market.

The deal with Wazdan is a content partnership, where Wazdan’s range of first-class, tech-rich games will all be accessible through a single integration with the Salsa Technology Game Aggregation Platform (GAP). Available titles will include the award-winning Larry the Leprechaun and other new releases, such as Butterfly Lovers™, Magic Stars 9, and Dragons Lucky 8™ as well as a host of other player favourites from Los Muertos™ to Valhalla, and the entire Magic Stars series.

Salsa Technology will also gain access to the nine new games previewed at ICE London, once they have been made officially available.

“Salsa Technology is a leader in the Latam market, and we are thrilled to partner with them to offer our games to the users of their GAP. We are excited to continue to expand our reach in Latin America and proud to partner with a strong developer like Salsa Technology to do so,” said Andrzej Hyla, Head of Sales at Wazdan.

Salsa Technology’s Global Business Development Manager Victor Arias followed: “Wazdan works wonders with its creative casino content, and we couldn’t be happier to add these titles to our GAP. Butterfly Lovers™ is the perfect example of Wazdan’s cutting-edge titles.”

Group Revenue Grew 19% Year-on-Year Adjusted EBITDA Up 28%

 MGM China Holdings Limited (“MGM China” or the “Company”; SEHK Stock Code: 2282) announced the selected unaudited financial data of the Company and its subsidiaries (the “Group”) for the three months and 12 months ended December 31, 2019 (the “Year”).

• During the Year, MGM China saw revenue up by 19% to approximately HK$22.8 billion. Adjusted EBITDA grew by 28% year-on-year to approximately HK$6.2billion.
• Adjusted EBITDA margin improved by 197 basis points to approximately 27.2% from approximately 25.2% a year ago.
• MGM China recorded a growth of approximately 37% year-on-year for mass table win, 1% growth for slot win; and flat year-on-year performance growth for VIP table game win.
• Overall occupancy reached 93.1% (2018: 92.6%).
• Full year market share rose to 9.5%, up from 7.9% in 2018, the highest in five years.
• MGM China sees approximately 86% of profit from non-VIP businesses last year.
• MGM COTAI continues to ramp since the property opened in February 2018. It recorded growth across all business segments. Adjusted EBITDA was up 177% to HK$2.4 billion. Main floor table games win was up 77% year-on-year to approximately HK$6.9 billion. Slot win was up 41% to HK$1.0 billion. VIP table games win was up 220% to approximately HK$4.0 billion.
• Meanwhile MGM MACAU remains resilient and generated solid profit on the Peninsula, where accounted for about one-third of overall Macau gross gaming revenue in 2019. Adjusted EBITDA was down 4% to HK$3.8 billion last year with a margin of 30.9%. The property has completed a seven-month renovation on the casino floor in October. We have seen encouraging initial results on mass performance and look forwards to further optimization on gaming floor.
• Premium focus remains the key strategy for MGM as we continue to focus on growth and profitability. We have opened all the villas of Mansions last year as part of our unique high-end offerings to boost player retention and new player acquisition.

MGM hotels are now closed, followed the Macau government decision on February 5 to temporarily suspend operations of all casinos in the city to prevent the spread locally of the coronavirus infection.

Grant Bowie, Chief Executive Officer and Executive Director of MGM China said: “We are grateful for the decisive actions and leadership of the Macau government it takes to contain the coronavirus. MGM places high importance on the health and safety of our team members, guests and all Macau citizens, and fighting against the epidemic is its current topmost priority. We will continue to work with government and our MGM team as we are preparing for the recovery.”

About MGM China Holdings Limited:

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.

MGM China is majority owned by MGM Resorts International one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company’s website at www.mgmresorts.com.

SOURCE MGM China