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MGM Resorts Q2 Revenue Climbs, Driven by Digital Betting and China Unit

Widening losses in digital operations weighed on overall profitability.

Overview

  • Total revenue for the quarter rose 1.8% year-over-year to $4.40 billion.
  • The digital segment generated $163.9 million in revenue, up 14%, even as its adjusted operating loss widened.
  • MGM China's business produced $1.11 billion in revenue, marking a 9% increase from a year earlier.
  • U.S. regional operations saw revenue climb 4% to $964.6 million.
  • Adjusted earnings per share declined to $0.79 from $0.86 a year ago.