MGM Resorts Int'l (MGM) Tops Q2 EPS by 2c; China Revs Up 6%

MGM Resorts International (NYSE: MGM) reported Q2 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.35 billion.

MGM China earned net revenue of $709 million, a 6% increase over the prior year quarter driven by increases in volume for main floor table games and slots of 7% and 39%, respectively. VIP table games turnover decreased 6% from the prior year quarter, while hold percentage was 3.3% in the current year quarter compared to 3.1% in the prior year quarter.

For earnings history and earnings-related data on MGM Resorts International (MGM) click here.

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