Vegas room rates tracking solid in Q1 [Seeking Alpha]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Seeking Alpha
Vegas room rates tracking solid in Q1Bank of America Merrill Lynch says booking trends in Las Vegas look solid for Q1.Room rates on the Strip are up 4.7% Y/Y vs. +3.2% from the last survey and are consistent with the confident tone from MGM Resorts (MGM-0.4%) and Caesars Entertainment (CZR-0.9%) execs during the last round of conference calls.The BAML analyst team notes that MGM and Caesars are seeing an acceleration in room rates for February from January in an indication that Q1 RevPAR could impress.Click to subscribe to real-time analytics on CZRNow read:Vail Resorts Is As Cheap As It Has Been In Years, Yet I'm Still Not A Buyer »Subscribefor full text news in your inbox
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MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website