MGM announced its Q2 revenue on August 2, missing on both revenue and income consensus estimates. Revenues within the quarter got here in just beneath 8% larger than the 12 months ago duration, Online Casino while diluted revenue per share came in at 21 cents compared to 36 cents in the prior quarter. Las Vegas revenues remained pretty flat and Online Casino got here in at just a little below $2.2 billion, Online Casino largely as a result of the slowdown in visitations. A good deal of the salary increase came from Macau, generally driven through powerful increase in both mass market and Online Casino VIP video games.
Macau profits turned into up essentially 32% yr.-on-year to simply over $561 million, forming virtually 20% of the enterprise’s web revenues.
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