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MGM China Holdings Limited (MCHVY)
- Simply Wall St.
SEHK Growth Companies With As Much As 33% Insider Ownership
As global markets navigate through varying economic signals, the Hong Kong market has shown resilience with the Hang Seng Index posting gains amidst mixed data. In such a market environment, growth companies with high insider ownership in Hong Kong can offer unique investment appeal due to the alignment of interests between shareholders and management.
- Zacks
Here's Why Investors Should Retain MGM Resorts (MGM) Stock for Now
MGM Resorts (MGM) focuses on development projects to diversify its geographic reach and earnings. However, a volatile macroeconomic environment is concerning.
- Reuters
Analysis-Macau casinos play best hands to win over premium customers
A change in the type of customers coming to Macau has seen smaller casino operators MGM China and Wynn Macau reap rewards, while larger rivals Sands China and Galaxy Entertainment rush to catch up. As visitors gravitate back to the world's biggest gambling hub, the recovery has shifted towards affluent premium mass customers, whose individual bets at high-limit baccarat tables range from hundreds of dollars to a few thousand dollars. The high roller VIP segment, which used to account for the bulk of Macau's revenues, has collapsed due to strict regulation, while the lowest spending mass segment involving minimum bets of about $60 is still not back to 2019 levels.
