MGM returns to Q1 net profit after revenue rises 35.8%

MGM Resorts International returned to net profit in the first quarter of its 2023 financial year after year-on-year growth across all operating segments pushed revenue up 35.8%.

The operator experienced increases within its Las Vegas Strip resorts, regional operations and MGM China businesses during the three months to 31 March, while revenue from management and other operations also increased.

Chief executive Bill Hornbuckle praised the performance of the operator in Q1, adding that other recent developments will help drive future growth for the wider group.

Read the full story on iGB North America