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MGM Resorts slips to Q3 loss despite revenue growth

31st October 2019 10:24 am GMT
MGM Resorts

New York-listed casino operator MGM Resorts International has reported a 9 per cent increase in net revenue to $3.31bn for the third quarter of 2019.

Revenue from Las Vegas Strip resorts rose 4 per cent year-on-year to $1.51bn, although casino revenue decreased 3 per cent due to ongoing weakness in Far East baccarat volumes, offset by increases in slots and domestic table games play. Non-gaming revenue increased by 6 per cent following a robust performance in rooms [...]

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