MGM China Warns Investors Over Comparability of Parent’s U.S. Filings
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MGM China Holdings (HK:2282) has warned investors that the financial figures in MGM Resorts International's recent U.S. filing are not directly comparable to its own upcoming audited results, which follow IFRS standards. The company emphasizes that the U.S. report, prepared under U.S. GAAP, has not been audited by MGM China's auditor, advising caution for investors. The latest analyst rating for MGM China stock is a Hold with a price target of HK$13.50. MGM China is a Macau-based casino operator controlled by MGM Resorts International, which holds 56% of its shares.
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