Login/Register
NetEnt
NetEnt
Fast Track
Quickspin

MGM Resorts shares dip as $1.5bn write-down in China hits bottom line

19th February 2016 9:06 am GMT
MGM Resorts

Casino operator MGM Resorts International has seen its 2015 net loss widen to $447.7m, with results negatively impacted by a $1.5bn write-down related to its MGM China business during the fourth quarter.

Total net revenue for the year fell 9 per cent to $9.19bn, following a 33 per cent drop in MGM China revenue to $2.21bn.

Revenue from the company’s wholly owned domestic resorts rose 2 per cent to $6.50bn, with the [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Skywind Group
Pragmatic Solutions
Playtech
SBTech