MGM Resorts (MGM) Tops Q3 EPS by 6c

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MGM Resorts International Reports Third Quarter Financial And Operating Results

October 30, 2018 4:15 PM EDT

LAS VEGAS, Oct. 30, 2018 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 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 third quarter operating performance exceeded our expectations despite the tough year on year comparison, resulting from robust casino business and an exceptionally strong event calendar last year." said Jim Murren,... More