MGM Resorts International Reports First Quarter Financial And Operating Results
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MGM Resorts (MGM) Q1 Revenue Tops Consensus
April 29, 2019 4:24 PM EDTMGM Resorts (NYSE: MGM) reported Q1 EPS of $0.05, may not compare to the analyst estimate of $0.21. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.13 billion.
Las Vegas Strip Resorts
Net revenues of $1.4 billion in both the current and the prior year quarters; and
Adjusted Property EBITDA of $404 million, a 10% decrease compared to $449 million in the prior year quarter, due primarily to a decrease in casino revenue, and Adjusted Property EBITDA margin of 28.3%, a 311... More
