MGM China said in a statement to the Hong Kong Stock Exchange yesterday that its net revenue rose 3 percent year on year to US$2.0 billion (16 billion patacas) last year.

According to the statement, MGM China’s operating income last year was US$194 million compared to US$255 million in 2016.

The statement pointed out that last year’s operating income included US$87 million of pre-opening expense related to the MGM COTAI project compared to US28 million of pre-opening expense in 2016.

MGM China’s adjusted Ebitda was US$525 million last year, up 1 percent from 2016, the statement said.