MGM Resorts International price-eps-surprise | MGM Resorts International Quote Overall Q3 Earnings & Revenue Expectations MGM Resorts International Price and EPS Surprise On the flip side, we suggest Las Vegas Strip and Regional operations’ revenues to decline 12.5% to $2,013.6 million and 16% to $818.6 million, respectively.Ĭlick here to know how the company’s overall third-quarter performance is expected to have been. We estimate MGM China Casino, Rooms, Food and Beverage as well as Entertainment, Retail and Other revenues to increase 818.7%, 100.7%, 0.7% and 36.8% year over year to $646.1 million, $14.0 million, $116.2 million and $3.4 million, respectively. Our model predicts MGM China quarterly revenues to surge 791.2% year over year to $779.7 million. The trend is likely to have continued in third-quarter 2023. In second-quarter 2023, it witnessed high contributions from MGM China due to the removal of COVID-19-related travel restrictions and a rise in visitation. Management is optimistic about MGM China’s prospects, backed by strength in premium mass. Increased business volume and travel activity at MGM China bode well for the company. The company’s performance is likely to have gained from the robust MGM China performance, international expansion, and solid sports betting and iGaming prospects. MGM Resorts International ( MGM Quick Quote MGM - Free Report) is scheduled to report third-quarter 2023 results on Nov 8, 2023, after market close.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |