MGM Resorts Q1 results exceed expectations as revenue rises to $3.2bn

MGM Resorts International has reported a 13% year-on-year rise in consolidated net revenue for Q1 2019, to $3.2bn. Net income for the period ending 31 March was $31m, an 86% drop. Despite this, Jim Murren, Chairman and CEO of MGM Resorts, said Q1 results came in "slightly better than expected." Consolidated operating income increased to $370m, a 3% growth, with consolidated adjusted EBITDA rising 5% to $740m. MGM Resorts' net revenue at Las Ve...