MGM Reports Lower Las Vegas Resort Room Rates
MGM’s average daily room rate on the Las Vegas Strip fell to $218 in the third quarter from $236 a year earlier, while occupancy remained flat at 89%.
MGM Resorts Internationals' latest quarterly results came under pressure from softness at its resorts on the Las Vegas strip. The resorts' average daily rate fell to $218 in the third quarter from $236 in the year-ago period, though occupancy remained flat at 89%. However, the weak room rate trends…