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-0.000719942404607616 -0.00143268538516917 0.0017998560115191 -0.000719942404607616 0.00936645068394532 0.00539956803455718 0.00503959683225344 -0.0107991360691145
Stock impact report

MGM Resorts Warns of Nearly 30% Drop in First-Quarter Revenue [TheStreet.com]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: TheStreet.com
Casino and hotel operator MGM Resorts International(Get ReportShares were of the Las Vegas company at last check were up 4% to $13.82.MGM Resorts said in a regulatory filing that its preliminary expectation for first-quarter consolidated revenue was $2.3 billion. That's down 29% from the year-earlier period and short of the FactSet consensus estimate of $2.48 billion.Net revenue at the Las Vegas Strip resorts is expected to total $1.1 billion, the filing said, a 21% decrease from a year ago. Net revenue at MGM China is expected to total $272 million, a 63% decline.MGM is scheduled to report earnings on April 30."The spread of and developments surrounding the global pandemic have had, and we expect will continue to have, a significant impact on our business, results of operations and financial condition," the company said in a filing.Separately, MGM said it proposed to offer $500 million of senior notes due 2025 "for general corporate purposes, including, without limitation, further i Show less Read more
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