New Director Paul Salem buys $20.3m of MGM Resorts at $25.40 per share during a trade war with China? What does he know? Revenues in China growing over 5x the Strip.
- Net revenues increased 33% to $687 million including contributions from the opening of MGM Cotai of $287 million; and
- Adjusted Property EBITDA of $167 million, an 11% increase compared to the prior year quarter, reflecting the opening of MGM Cotai
Las Vegas Strip Resorts
- Net revenues increased 6% to $1.4 billion compared to the prior year quarter;
- REVPAR(1) increased 8.2% compared to the prior year quarter; \