• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

MGM China dropped from MSCI Hong Kong Index

Nov 08, 2019 Newsdesk Latest News, Macau, Top of the deck  


MGM China dropped from MSCI Hong Kong Index

Macau-based casino operator MGM China Holdings Ltd will be removed from the MSCI Hong Kong Index. The announcement was made on Thursday by MSCI Inc, the entity that compiles the index.

No reason for the removal was provided. It was part of MSCI Inc’s semi-annual index review for its MSCI equity indexes.

The change will become effective as of the close of markets on November 26, said MSCI Inc. The firm is one of the world’s largest providers of financial market indices.

MGM China operates two casinos in Macau: MGM Macau on the peninsula and MGM Cotai in the Cotai district. The firm said last week its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the third quarter grew by 38.6 percent to about HKD1.55 billion (US$197.6 million) compared to the corresponding period last year.

The MSCI Hong Kong Index “is designed to measure the performance of the large and mid-cap segments of the Hong Kong market,” according to MSCI Inc. It currently features 47 constituents and reportedly covers approximately 85 percent of the free float-adjusted market capitalisation of the Hong Kong equity universe.

The index includes other Macau-based gaming operators, including Galaxy Entertainment Group Ltd, Sands China Ltd, Wynn Macau Ltd and SJM Holdings Ltd.


  • tweet
Related articles
  • U.S.-linked Macau ops see pent up demand: JPM forum
    U.S.-linked Macau ops see pent up...

    Mar 15, 2023  

  • Macau mass revenue likely at US$3.4bn in 1Q: MS
    Macau mass revenue likely at US$3.4bn...

    Mar 15, 2023  

More news
  • Pagcor pledges offshore bet integrity amid call for POGO ban
    Pagcor pledges offshore bet integrity...

    Mar 30, 2023  

  • Vietnam 1Q foreigner arrivals a third of entire 2023 target
    Vietnam 1Q foreigner arrivals a third...

    Mar 30, 2023  


Latest News

Pagcor pledges offshore bet integrity amid call for POGO ban

Pagcor pledges offshore bet integrity amid call for POGO ban

Mar 30, 2023  

The Philippine gaming regulator has reiterated its “firm commitment to uphold the integrity of the gaming industry in the Philippines, including offshore gaming”. The statement was issued...
Read More
Vietnam 1Q foreigner arrivals a third of entire 2023 target

Vietnam 1Q foreigner arrivals a third of entire 2023 target

Mar 30, 2023  

Payment behaviour may help spot at-risk gamblers: study

Payment behaviour may help spot at-risk gamblers: study

Mar 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$4.5 billion

Pagcor's estimates for industry-wide gross gaming revenue in 2023



Most Popular

  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Suntrust confirms casino hotel 2024 opening on trackSuntrust confirms casino hotel 2024 opening on track March 29, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • GEN Singapore boss flags uneven recovery pace in 2023GEN Singapore boss flags uneven recovery pace in 2023 March 28, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us