MGM Resorts (MGM) Tops Q3 EPS Views; MGM China Revenue Sank 6%

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MGM Resorts International Reports Third Quarter Financial And Operating Results

November 7, 2016 7:40 AM EST

LAS VEGAS, Nov. 7, 2016 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2016.

 Key highlights include:

Diluted earnings per share for the third quarter of 2016 of $0.93, including $0.60 related to a $430 million gain on Borgata acquisition and a $0.20 charge related to the NV Energy exit, compared to diluted earnings per share of $0.12 in the prior year quarter; Net revenues of $1.9 billion at the Company's domestic resorts, a 16% increase over the prior year quarter, and an 8%... More