MGM Resorts International: Records Broken in First Quarter 2024
Date: 2024-05-02 Author: Robert Beloved Categories: CASINO
MGM Resorts International, a global leader in the entertainment and gaming industries, celebrates significant achievements in the first quarter of 2024. The announcement of record revenue of $4.83 billion confirms the company's stable and successful development.
The success is largely due to business growth in both Las Vegas and China, management said. Both regions posted impressive growth, offsetting some of the challenges MGM's business faced in other regions.
Main Engine of Growth
Despite the slight decline in casino revenue, Las Vegas remains a key source of revenue for MGM Resorts International. Hotel revenue growth of 10.0% was the primary factor contributing to the new quarterly records.
Return to Success
MGM's Chinese business continues its recovery as pandemic-related restrictions are lifted. Record revenue levels in the first quarter confirm the successful return to growth and the company's strong position in this key market.
Overcoming Difficulties
While regional business has been challenged by bad weather, MGM Resorts International remains optimistic about future prospects. The company continues to strive for development and growth, introducing innovations and adapting to changing market conditions.
Digital Transformation
BetMGM, MGM's digital division, continues to demonstrate impressive growth as it strives toward self-sufficiency. The brand's expansion into various regions and successful product launches confirm the potential of the company's digital business.
MGM Resorts International continues to set the standard in the entertainment and gaming industry by responding to challenges and pursuing innovation. Record results in the first quarter of 2024 confirm the company's leadership and its readiness for further growth and development.
