MGM Resorts Q3 Net Loss Narrows 94% to $17.11 Million
MGM Resorts reported a Q3 net loss of $17.11 million, down 94%, while revenue fell to $4.21 billion.
Story updates
08:41:48 PM UTC
SquawkNews
By Kelly CloonanMGM Resorts International recorded lower quarterly revenue, hurt by a decline in room rates at its resorts on the Las Vegas strip.The hotel and casino company on Wednesday posted a third-quarter loss of $17.1 million, or 7 cents a share, compared with a loss of $285.3 million, or $1…
08:45:31 PM UTC
SquawkNews
WASHINGTON (dpa-AFX) - MGM Resorts International (MGM) on Wednesday reported a narrower loss for the third quarter. At the same time, revenue dropped, reflecting weaker results at its Las Vegas Strip and regional properties that offset growth at MGM China and its digital operations.Net loss attribu…