MGM Resorts (MGM) Reports Q1 EPS of 12c
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MGM Resorts International Reports Strong First Quarter Financial And Operating Results
May 5, 2016 8:31 AM EDTLAS VEGAS, May 5, 2016 /PRNewswire/ --Â MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2016.
Key achievements include:
Wholly owned domestic resorts Adjusted Property EBITDA increased by 24%; Highest margins since 2007 for Adjusted Property EBITDA at wholly owned domestic resorts; Las Vegas Strip REVPAR increased by 8%; Profit Growth Plan contributed approximately $54 million of Adjusted Property EBITDA growth at wholly owned domestic resorts; MGM Growth Properties ("MGP") completed its $1.2 billion initial public offering, successfully... More