MGM Resorts CEO and President Bill Hornbuckle called the results “nothing short of spectacular” on the second-quarter earnings call and said the company was well-positioned even if the U.S.
That produced a net income of $1.78 billion, up a whopping 1,599.3 percent from $104.75 million last year. Overall, MGM Resorts reported $3.26 billion in total revenue, up 44 percent from $2.27 billion in the same quarter last year. MGM Resorts reported $825.3 million in adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring or rent costs) at its Las Vegas properties for the three months ending June 30, up 108 percent from the same quarter last year ($396.8 million). (Chitose Suzuki/Las Vegas Review-Journal) second quarter was very kind to the Strip’s major casino companies.Ī day after Caesars Entertainment posted record pre-tax earnings for its Las Vegas properties in the second quarter, MGM Resorts International did the same Wednesday.
