Things Are Finally Looking Up for One of Macau's Casinos [Bloomberg Business News]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Bloomberg Business News
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Galaxy Entertainment Group Ltd. posted its biggest quarterly earnings gain in almost five years as high-stakes gamblers helped to boost profit in the world’s largest casino hub. The Macau casino operator’s adjusted earnings before interest, taxes, depreciation and amortization climbed 45 percent to about HK$3.29 billion ($420 million) in the second quarter, according to Bloomberg calculations based on Galaxy data released Thursday. That’s the steepest increase since the third quarter of 2012, and tops the median estimate of HK$3.2 billion from eight analysts surveyed by Bloomberg. Shares of Galaxy rose 0.7 percent to $48.60 as of 9:59 a.m. in Hong Kong, after jumping as much as 1.1 percent at the start of trading Thursday. The stock has advanced about 43 percent this year, and is trading near the highest levels since 2014. Casino operators in Macau including
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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