MGM Resorts (MGM) Misses Q4 EPS by 18c

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MGM Resorts International Reports Fourth Quarter And Full Year Financial And Operating Results

February 12, 2020 4:56 PM EST

LAS VEGAS, Feb. 12, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights:

Consolidated Results

Consolidated net revenues increased 4% compared to the prior year quarter to $3.2 billion; Consolidated operating income increased to $3.0 billion compared to $336 million in the prior year quarter. The current year quarter included a $2.7 billion gain related to the Bellagio real estate transaction; Net income... More