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MGM Resorts Hits Quarterly Record as Macao Business ‘Surges’
Convention demand and stronger casino results lifted Strip revenue 3% to $2.2 billion as a special committee reviews a multibillion-dollar bid.
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3 Articles
3 Articles
Major casino operator reports solid Strip growth while takeover review continues
MGM Resorts International’s Strip properties posted a second consecutive quarter of year-over-year revenue growth, helped by convention demand, a strong events calendar and higher casino revenue, executives said Wednesday.
·Las Vegas, United States
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MGM Resorts Hits Quarterly Record as Macao Business ‘Surges’
MGM Resorts International’s $4.5 billion in consolidated revenues is a second-quarter record high for the casino operator, with further cheer coming from gaming tables in Macao.The firm posted its Q2 report on July 30, with quarterly consolidated revenues rising 1% year-on-year and its Las Vegas Strip revenues up by almost 5%.There was more good news for the operator’s sister company, MGM China, which reported a post-World Cup recovery.Continue …
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Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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