MGM Rallies 22.5% in 3 Months as Investors Weigh Its Staying Power
MGM Resorts International (MGM) shares rose 22.5% over three months as investors weighed second-quarter results. Las Vegas revenues rose 3% to $2.17B and Segment Adjusted EBITDAR rose 3% to $735M, while MGM China held 16.4% market share but Segment Adjusted EBITDAR fell 15% to $257M. Consolidated Adjusted EBITDA fell to $610M and EPS fell to 59 cents.







