MGM Q3 Posts Mixed Bag of Results

MGM Resorts International reported a substantially reduced net loss for the third quarter, as the absence of prior-year impairment charges combined with continued momentum at MGM China and the BetMGM joint venture to offset softer conditions on the Las Vegas Strip. The company recorded a net loss attributable to MGM Resorts of $17.1 million, or $0.07 per share, for the quarter ended September 30, a significant improvement from the $285.3 million loss, or $1.05 per share, reported in the same period a year earlier.