Casino Operator MGM beats first-quarter estimates on strength in Macau business [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
China operations as the casino operator continues to benefit from easing post-pandemic entry restrictions. Shares of the company were up about 3.14% in extended trading. Casino operators such as MGM and Wynn have benefited from the surge in traffic at their gaming hubs in Macau after a resurgence of travel and tourism spending in the world's second-largest economy. Adjusted property EBITDAR for MGM China was 78% higher in the first quarter compared with last year. " We achieved record results in the first quarter of 2024 driven by strong performance at MGM China and in Las Vegas specifically at our luxury resort properties," CEO Bill Hornbuckle said in a statement. The company also said that regional operations in the U.S. were impacted by poor winter weather in January followed by a quick recovery in February and acceleration into March. Earlier this week, casino giant Caesars Entertainment also flagged a hit from weather conditions in January and February which battered
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MGM
Earnings
- 5/1/24 - Beat
MGM
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- MGM's page on the SEC website