MGM Resorts (MGM) Misses Q2 EPS by 8c

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MGM Resorts International Reports Second Quarter Financial And Operating Results

August 2, 2018 7:30 AM EDT

LAS VEGAS, Aug. 2, 2018 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2018. On January 1, 2018, the Company adopted the new revenue recognition accounting standard (ASC 606). As such, certain previously reported 2017 numbers have been retrospectively adjusted under the new standard to assist with comparability to the prior period.

"Our second quarter came in better than we expected and we made significant progress to capitalize on future growth opportunities in sports betting and Japan," said Jim Murren, Chairman and CEO of MGM... More