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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.

An exterior view of Park MGM hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo
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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.