MGM Resorts reports Q1 adjusted EPS 49c, consensus 53c

Reports Q1 revenue $4.5B, consensus $4.38B. “We are pleased to report record 1Q consolidated net revenues driven primarily by MGM China and MGM Digital, as well as growth at our BetMGM North America Venture. MGM Resorts (MGM)’ Las Vegas Strip Resorts delivered comparable period quarterly top line growth for the first time in over a year and monthly net revenues that strengthened into March. Looking into the second quarter and beyond, we are seeing signs of strength driven by solid convention bookings, our newly launched all-inclusive promotion, and our recently refreshed rooms at the MGM Grand Las Vegas,” said Bill Hornbuckle, President and CEO of MGM Resorts International.