This decline was driven largely by a $21 million increase in intercompany branding license fee expense after MGM Resorts doubled the fee for use of the MGM name last year. MGM China operates two integrated resorts in Macau: MGM Cotai and MGM Macau on the peninsula. At MGM Cotai, revenue was broadly flat at HKD5.28 billion, while adjusted EBITDA slipped 2.3% to HKD1.50 billion. MGM Macau recorded revenue of HKD3.35 billion, down 1.0% from a year earlier, while adjusted EBITDA declined 15.4% to HKD826 million. MGM recently debuted the ultra-luxury Alpha Villas at MGM Macau, expanded premium mass gaming space by 50,000 square feet and unveiled renovated suites at MGM Cotai in April.