MGM Trails Macau Rivals as Beleaguered Market Bottoms Out: Chartby
Macau’s casino market may have hit bottom. Casino revenue there fell 21 percent in January, on par with December. It’s an uneven recovery. On Thursday, MGM Resorts International Inc. reported a 31 percent decline in fourth-quarter China revenue from a year earlier, the worst among its peers. Melco Crown Entertainment Ltd. was aided by the opening of its Studio City casino in October.