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00:02MGM Resorts International reported first quarter earnings of 49 cents per share
00:07on $4.45 billion in revenue, missing analyst estimates of 53 cents per share
00:13while beating revenue expectations of $4.37 billion, according to Benzinga.
00:19Las Vegas Strip Resorts posted year-over-year net revenue growth for the first time since the
00:25third quarter of 2024, and BetMGM North America Venture reported increases in net revenue and
00:30adjusted EBITDA. The company closed the sale of MGM Northfield Park operations for $546 million
00:37in April 2026. CEO Bill Hornbuckle said consolidated net revenue reached a record
00:45driven by MGM China and MGM Digital, with Las Vegas Strip Resorts showing strengthening
00:51monthly performance into March. Shares were down by 2.97% at $38.56 in Thursday's pre-market
00:59trading, according to Benzinga Pro. For all things money, visit Benzinga.com.
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