TLDR MGM China shareholders approved a final dividend of HKD0.353 per share, to be paid on June 3 The total 2025 dividend payout reaches just over HKD1.34 billion, representing about 26.4% of full-year profit Full-year 2025 net revenue came in at US$4.46 billion, up 10.9% from the prior year Fourth-quarter net revenue rose 21.4% year-on-year to nearly US$1.24 billion Jefferies warned that a higher royalty fee to parent MGM Resorts International could reduce dividends in 2026 and 2027
MGM China Holdings has confirmed that shareholders voted to approve a final dividend of HKD0.353 per share for the financial year ending December 31, 2025. The payment is equivalent to about US$0.04 per share.
The vote took place during the company’s annual general meeting held last week. The dividend will be paid out on June 3.
This final dividend brings the total 2025 payout to just over HKD1.34 billion. That amount represents roughly 26.4% of the company’s HKD5.07 billion profit attributable to owners for the year.
MGM China operates two properties in the Macau market: MGM Macau and MGM Cotai. Both casinos contributed to the company’s full-year earnings.
Revenue Growth Supported the Payout
The final dividend follows an interim dividend declared by the board in August of last year. That earlier payment was set at HKD0.313 per share. Together, the two payouts make up the company’s full distribution for 2025.
In February, MGM China reported fourth-quarter net revenue of just under US$1.24 billion. That figure was up 21.4% compared to the same quarter the year before.
Full-year 2025 net revenue reached US$4.46 billion. That marked a 10.9% increase over 2024.
The revenue growth gave the company room to maintain its dividend payments to shareholders. The stronger top line came from continued activity across its Macau operations.
The total distribution