Casino Operator MGM beats first-quarter estimates on strength in Macau business

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - MGM Resorts International beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to benefit from easing post-pandemic entry restrictions.

Earlier this week, casino giant Caesars Entertainment also flagged a hit from weather conditions in January and February which battered its first-quarter results.

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Macau Casino Stocks Jump as China Rolls Out New Travel PermitsShares in Macau casino operators rallied on Monday after Chinese authorities introduced new travel permits in an effort to boost the city’s tourism.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »

DraftKings, MGM Target Brazil’s Booming Online Gambling MarketSports betting heavyweights like DraftKings Inc. and MGM Resorts International are exploring entry into Brazil’s new regulated online gambling market, as Latin America’s largest economy emerges as one of the world’s fastest-growing gaming frontiers.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »