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MGM Resorts highlights strong cash position as COVID-19 shutdown begins to bite

30th March 2020 10:42 am GMT
MGM Resorts
SBTech

New York-listed casino operator MGM Resorts International said that it is proactively managing expenses and cashflow as it navigates the COVID-19 crisis.

The company said Friday that net revenue in the first two months of 2020 was 10 per cent lower than the same period a year ago, driven by weaker visitation at the company's properties in Macau following the emergence of COVID-19 and the closure of those properties for a 15-day period in February.

Consolidated net [...]

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