MGM Resorts (MGM) Tops Q1 EPS by 38c

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Go back to MGM Resorts (MGM) Tops Q1 EPS by 38c

MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS

May 1, 2023 4:15 PM EDT

Record 1Q Adjusted Property EBITDAR for Las Vegas Strip Resorts up 41% YOY; seventh consecutive quarterly recordMGM China Adjusted Property EBITDAR of $169 million, 88% recovery vs 1Q19; net revenues up 130% YOY amid strong reopening trendsClosed on the sale of the operations of Gold Strike TunicaReceived Official Certification of Area Development Plan for Osaka, JapanRepurchased approximately 12 million shares for $487 million during the quarterLeoVegas entered into agreement to acquire majority of digital game developer Push Gaming

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