![]() Growth was led by the company’s Las Vegas Strip properties, which saw revenues rise by close to 31% year-over-year to $2.2 billion, driven by the inclusion of The Cosmopolitan, a positive comparison with last year when the omicron variant of Covid-19 was spreading and also due to higher average room revenues, although this was partly offset by the sale of The Mirage. While revenue surged 36% from the year-ago quarter to $3.87 billion, net income came in at $ 467 million, or $1.24 per share, well ahead of estimates. MGM Resorts posted a stronger-than-expected set of Q1 2023 results last week driven by stronger business at the company’s Las Vegas properties and a recovery in Macau. (Photo by Ethan Miller/Getty Images) Getty Images MGM Resorts International has agreed to sell the Las Vegas Strip resort to Hard Rock International for USD 1.075 billion in cash. ![]() LAS VEGAS, NEVADA - DECEMBER 14: An exterior view shows The Mirage Hotel & Casino on December 14.
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