MGM Resorts Reports Better-Than-Expected Q2 Results, Record Net Revenues
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MGM Resorts International reported better-than-expected Q2 results with record net revenues. Quarterly earnings beat analyst estimates, and sales increased by 9.08% from the same period last year. Net revenues for Las Vegas strip resorts and China MGM also saw significant growth. The CEO credited positive financial results to the company's growth in Las Vegas and its recently completed remodel of Mandalay Bay. MGM Resorts International shares are down 4% after-hours.
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