![]() ![]() Consolidated net revenues of $3.9 billion, an increase of 21% compared to the prior year quarter, due primarily to the removal of COVID-19 related entry restrictions in Macau.Second Quarter 2023 Financial Highlights: "We expect to continue to pursue long-term growth opportunities by expanding our global online presence and digital capabilities and through our development efforts in Japan and New York," said Jonathan Halkyard, Chief Financial Officer and Treasurer of MGM Resorts. "Looking forward to the rest of 2023 and beyond, we are encouraged by the pacing of both Formula 1 and the Super Bowl and the announced relocation of the A's, which will further solidify Las Vegas as the sports and entertainment capital of the world." Also, BetMGM reported that it achieved its first positive EBITDA quarter and remains on track to achieve its next milestone of second half profitability," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts. "Beyond MGM's outstanding second quarter performance, we also cemented a long-term agreement with Marriott which will provide us with an expansive customer booking channel to further bolster our profitability. ![]()
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