MGM: Record in Macau, growth in Las Vegas
Regulation · 2024-08-01

MGM: Record in Macau, growth in Las Vegas

MGM Resorts International reported revenue of $4.3 billion and record EBITDAR in Macau for the the second quarter just passed.

“MGM Resorts continued to drive positive financial results and solid growth in the second quarter, with record MGM China adjusted property EBITDAR and further growth in Las Vegas, where our Marriott relationship continues to exceed expectations and our meetings and convention business continues to strengthen thanks to our recently completed remodel of Mandalay Bay,” said MGM Resorts International CEO and President Bill Hornbuckle in a statement. “We made significant progress with our international digital strategy by adding both an in-house sports product and live-dealer capabilities to our online gaming offerings. We anticipate carrying our current momentum into the back half of the year.”

The company recently added Tipico, an online sports betting provider, to its roster.

Other results:

MGM Resorts closed at $42.97 on the Nasdaq, up $0.19, or 0.44%.

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