MGM China Net Revenues Of $3.2B In The Current Year Compared To $674M YoY, An Increase Of 368%
Portfolio Pulse from Benzinga Newsdesk
MGM China reported a significant increase in net revenues, reaching $3.2 billion in the current year compared to $674 million in the previous year, marking a 368% increase year-over-year.
February 13, 2024 | 9:20 pm
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POSITIVE IMPACT
MGM Resorts International, indirectly associated with MGM China, may see a positive impact on its stock due to the substantial revenue growth reported by MGM China.
MGM Resorts International, as the parent company of MGM China, is likely to experience a positive sentiment among investors due to the impressive revenue growth reported by its subsidiary. This substantial increase in revenue highlights strong operational performance and market recovery, which could lead to increased investor confidence in MGM's overall business prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75