MGM Resorts International has signed a new long-term brand licensing agreement with MGM China.
The new long-term agreement announced on Tuesday gives MGM China Holdings the right to continue to use the MGM brand through to the end of their current concession agreement in 2032.
MGM Resorts said that under the MGM brand, MGM China has made significant market share gains and increased profitability since the end of the pandemic.
Market share has nearly doubled from a pre-pandemic level of approximately 9 per cent to a year-to-date September 30, 2025 share of approximately 16 per cent.
The new agreement eliminates the need for the parties to negotiate a new agreement every three years, helping to protect MGM China’s shareholders.
Under the new agreement, the monthly license fee has increased from 1.75 per cent to 3.5 per cent of MGM China’s adjusted consolidated net monthly revenue, subject to an annual cap determined by certain variables, as required by the Hong Kong Stock Exchange.
MGM Resorts will receive approximately 66.6 per cent of the license fee.
Shares in MGM Resorts International (NYSE:MGM) closed 1.54 per cent lower at $36.97 per share in New York Tuesday.