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“MGM Resorts' revenue falls 53% as Vegas struggles - MarketWatch” plus 2 more

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“MGM Resorts' revenue falls 53% as Vegas struggles - MarketWatch” plus 2 more MGM Resorts' revenue falls 53% as Vegas struggles - MarketWatch BetMGM grows digital casino footprint in PA - World Casino Directory Argus Research Believes MGM Resorts (MGM) Still Has Room to Grow - Smarter Analyst MGM Resorts' revenue falls 53% as Vegas struggles - MarketWatch Posted: 10 Feb 2021 12:00 AM PST MGM Resorts International reported a 53% decline in revenue Wednesday as casino operators still grapple with a prolonged recovery in the global gambling hubs of Las Vegas and Macau. MGM Resorts, a giant on the Las Vegas Strip, said net revenue decreased to $1.5 billion for the three months ended Dec. 31, down from $3.2 billion the prior year. The company reported an operating loss of $364 million, compared to operating income of $3 billion the prior year, which included a $2.7 billion gain from a real-estate d

“MGM CEO hopeful Las Vegas will be 90 percent back by the end of 2022 - Las Vegas Review-Journal” plus 1 more

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“MGM CEO hopeful Las Vegas will be 90 percent back by the end of 2022 - Las Vegas Review-Journal” plus 1 more MGM CEO hopeful Las Vegas will be 90 percent back by the end of 2022 - Las Vegas Review-Journal Posted: 10 Feb 2021 12:00 AM PST MGM Resorts International's regional properties have been driving its recovery, but the company says it is still confident in the Las Vegas market. The casino operator reported fourth-quarter and full-year 2020 earnings Wednesday, revealing that 40 percent of its net revenues from the quarter came from its regional operations. Las Vegas — which usually earns the highest share of revenues —accounted for 32 percent. Nevertheless, the company said Wednesday that it remains optimistic on the Strip's future, even if President and CEO Bill Hornbuckle believes a full recovery may not come until 2022. Forward-looking bookings are on the rise, and the company said it plans to keep all of its properties — i

“Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN” plus 2 more

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“Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN” plus 2 more Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN Casino Hotel Market Future Prospects 2026 |Wynn Las Vegas, Las Vegas Sands, MGM Grand - NeighborWebSJ BetMGM launches Borgata Casino app in Pennsylvania - Casino City Times Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN Posted: 24 Feb 2021 03:39 PM PST LAS VEGAS, NEVADA - AUGUST 28: (EDITORS NOTE: This image was shot with a fisheye lens.) Guests walk in front of MGM Grand Hotel & Casino on the Las Vegas Strip amid the spread of coronavirus (COVID-19) on August 28, 2020 in Las Vegas, Nevada. MGM Resorts International will lay off 18,000 furloughed employees in the United States on Monday as the resort industry struggles to recover from the pandemic. The move was necessary since federal law requires companies to lay off furloughed workers after six

“MGM Resorts Loses Big in Vegas as Pandemic Upends Travel Industry - Barron's” plus 1 more

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“MGM Resorts Loses Big in Vegas as Pandemic Upends Travel Industry - Barron's” plus 1 more MGM Resorts Loses Big in Vegas as Pandemic Upends Travel Industry - Barron's Posted: 10 Feb 2021 12:00 AM PST Ethan Miller/Getty Images MGM Resorts International suffered big pandemic-related fourth-quarter and 2020 losses owing to the company's major presence on the Las Vegas Strip. With its heavy dependence on group travel, conventions, and air travelers, the Strip hasn't been friendly to casino operators during the pandemic. Capacity restrictions due to Covid have also weighed on casino operations. While MGM Resorts ' regional casino operations and online gambling platform, BetMGM, helped lessen the damage, 2020 was a difficult year for the company. MGM Resorts (ticker: MGM), whose signature Las Vegas properties include the Bellagio, The Mirage and Mandalay Bay, lost 92 cents a share in the fourth

Wynn Resorts secures top rankings on Forbes Travel Guide list - Las Vegas Review-Journal

Wynn Resorts secures top rankings on Forbes Travel Guide list - Las Vegas Review-Journal Wynn Resorts secures top rankings on Forbes Travel Guide list - Las Vegas Review-Journal Posted: 16 Feb 2021 12:00 AM PST Forty Las Vegas establishments have made Forbes magazine's 2021 list of five-star, four-star and recommended resorts, restaurants and spas, the publication announced. The Forbes Travel Guide is peppered with properties affiliated with Wynn Resorts Ltd., MGM Resorts International and Las Vegas Sands Corp. in Las Vegas. Those companies also hold positions on the list of 55 properties recognized in Macao. The Forbes Travel Guide is an international list of the top resorts, restaurants and spas as rated by incognito inspectors. Wynn Resorts announced that the company has maintained each of its 22 Forbes Travel Guide five-star awards for 2021. In addition to holding the most five-star awards of any independent hotel company, W

“Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN” plus 1 more

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“Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN” plus 1 more Nevada Virus Positivity Rate Drops to Level Seen in October - KDWN Posted: 24 Feb 2021 03:38 PM PST LAS VEGAS, NEVADA - AUGUST 28: (EDITORS NOTE: This image was shot with a fisheye lens.) Guests walk in front of MGM Grand Hotel & Casino on the Las Vegas Strip amid the spread of coronavirus (COVID-19) on August 28, 2020 in Las Vegas, Nevada. MGM Resorts International will lay off 18,000 furloughed employees in the United States on Monday as the resort industry struggles to recover from the pandemic. The move was necessary since federal law requires companies to lay off furloughed workers after six months. Before hotel-casinos shut down in March, the company had 68,000 employees nationwide, including 52,000 in Las Vegas. MGM Resorts said laid-off employees could be brought back as business demand returns. (Photo by Ethan Miller/Getty Images) Reports of