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Associated Press
30-07-2025
- Business
- Associated Press
MGM China Reports 2025 Second Quarter Results
Record High Quarterly Adjusted EBITDA Market Share Reached 16.6% HONG KONG, July 30, 2025 /PRNewswire/ -- MGM China Holdings Limited ('MGM China' or the 'Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the 'Group') for second quarter (the 'Period'). The Group is pleased to see the Period Macau has posted growth from last year. Daily visitation reached 102,812, representing a year-on-year growth of 19%, having recovered to 94% of same period in 2019. Gross gaming revenue (GGR) in Macau also saw growth. Headline daily GGR in the Period rose 8% year-on-year to MOP671.6 million per day, accelerated from MOP640.6 million per day in the first quarter. The Group has completed construction of Alpha Villas at MGM MACAU during the Period, and all 28 villas are now available as of July. The villas have been well received by customers as we adapt to their latest tastes and trends. During the Period, MGM China has proudly delivered a series of non-gaming events and excitements. Demonstrating MGM's commitment to bringing world-class cuisine to Macau, we brought together four exceptional Michelin star chefs, including Pan Sihui, Aji's Chef de Cuisine, for the third edition of MGM x RR1HK Culinary Masters Macau. The event showcased the finest gastronomic innovations, blending flavors from the East with culinary techniques of the West, not only celebrating Macau's unique cross-cultural heritage, but also cementing its status as East Asia's cultural capital. Beyond gastronomy, MGM also champions sports and cultural initiatives, having collaborated with the Macau Government to host the MGM Artistic Swimming Elite Extravaganza & Macao Open Competition 2025 in June. Featuring a grand showcase, open competition, and exclusive professional training classes, MGM continues to spotlight our elite athletes, including China's Olympic champions, the National Artistic Swimming Team. Moreover, Macau 2049, MGM's groundbreaking residency show jointly created with the internationally acclaimed Chinese filmmaker Zhang Yimou, proudly celebrated its 100th show on May 14. The show was recognized with the Sixth China Cultural Tourism Pioneer Award 2025 presented by the China Association of Amusement Parks and Attractions in May, and was awarded the 2024 Weibo Cultural Tourism IP Award in June. With approximately 30% of its audience comprising of international visitors, this show has, and will continue to amplify Macau's global appeal, further supported by our large-scale promotional campaigns in the region. Kenneth Feng, President and Executive Director of MGM China said: 'We are delighted to see another quarter of growth driven by our deep understanding and customers and our ability to refresh our products and offerings to cater to customers' taste. 'Following the launch of Alpha Villas, MGM COTAI has begun converting rooms into around 60 new suites, all of which will help us further uphold our complimentary positioning of the properties with MGM MACAU as a leading property on the Peninsula and MGM COTAI as the preferred destination for premium customers. 'We are committed to bringing more unique and quality experiences to our visitors, to align our offerings with the Macau Government's vision to develop the city into a global and diversified tourist destination,' said Kenneth Feng. About MGM China Holdings Limited MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at View original content: SOURCE MGM China
Arab News
28-07-2025
- Politics
- Arab News
France petition against bee-killing pesticide tops two million backers
PARIS: A student-led petition against a chemical deadly to bees reached more than two million signatures in France on Monday, increasing pressure on the president not to sign a bill allowing its use into law. The legislation was adopted on July 8, but without a proper debate to bypass gridlock in a bitterly divided parliament. On July 10, a 23-year-old master's student launched a petition urging the French government to drop the law allowing the reintroduction of acetamiprid, a pesticide that is harmful to ecosystems but popular with many farmers in Europe. Banned in France since 2018, the chemical remains legal in the European Union. The insecticide is particularly sought after by beet and hazelnut growers, who say they have no alternative against pests and face unfair competition. The petition on France's lower-house National Assembly's website had garnered more than 2,009,000 signatures on Monday morning. Backers at the height of summer include 400 people from the culinary world, including Michelin-starred chefs, who have criticized the 'blindness of our politicians.' According to a poll published in La Tribune Dimanche on Sunday, 64 percent of people surveyed hope Macron will not sign the bill into law but will instead submit it to a new debate in parliament. Macron has said he is waiting to hear the verdict of the Constitutional Council, which is expected to rule on the constitutionality of the law on August 7. The contested legislation is dubbed the Duplomb law, after its author, Laurent Duplomb, a senator for the right-wing Republicans party. The petition reached 500,000 signatures last weekend, a threshold after which the lower house may choose to hold a public debate, but that would be limited to the content of the petition — not the law itself.
Associated Press
17-05-2025
- Business
- Associated Press
Beyond Honeycomb Unveils AI Grilling Robot ‘GRILL X' at National Restaurant Association Show
CHICAGO, IL, UNITED STATES, May 17, 2025 / / -- Beyond Honeycomb, a South Korea-based food technology startup, has announced the introduction of GRILL X, an AI-powered grilling robot designed to automate precision cooking tasks in commercial kitchens. The company will showcase GRILL X at the 2025 National Restaurant Association ( NRA ) Show in Chicago. GRILL X leverages real-time molecular sensing, robotics, and AI-driven controls to ensure consistent, high-quality grilling results. Its molecular sensor analyzes chemical changes such as the Maillard reaction, fat rendering, charring levels, and collagen breakdown, quantifying them within 0.3 seconds. Based on this data, the robot dynamically adjusts grill patterns, and cooking times to maintain product consistency without human intervention. Beyond Honeycomb's development approach included collaboration with Michelin-trained chefs, who worked alongside engineers to ensure that GRILL X meets professional culinary standards. The robot's design incorporates soft-joint actuators and flame detection sensors, allowing it to operate effectively in compact, high-volume kitchen environments. Currently deployed in five-star hotels, national restaurant chains, and premium Korean BBQ establishments across South Korea, GRILL X addresses common industry challenges such as rising labor costs, staffing shortages, and quality control. The robot is capable of producing up to 80 consistently grilled servings per hour, supporting restaurant operations where efficiency and quality are critical. At the NRA Show, Beyond Honeycomb will demonstrate GRILL X preparing New York Strip steaks, showcasing its performance under real-world kitchen conditions. 'GRILL X was developed to support restaurant operations facing persistent staffing challenges, while ensuring consistent cooking quality at scale,' said Steve Jung, CEO of Beyond Honeycomb. 'Our collaboration with chefs and engineers reflects our commitment to both technology and culinary excellence.' About Beyond Honeycomb Beyond Honeycomb is a South Korea-based food technology startup specializing in AI-driven cooking automation. Founded by engineers with backgrounds in AI, robotics, and food technology, the company focuses on enhancing kitchen productivity through advanced sensing technologies and robotics. Julia Lee Beyond Honeycomb [email protected] Visit us on social media: LinkedIn Instagram Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
