MGM China Holdings Limited 2282

MGM China Holdings has seen its share price move around sharply over the years, which raises a simple but important question for anyone looking at the stock today. Is the current price in Hong Kong really lining up with what the casino operator is earning? The share price has gained about 100.7% over the past 5 years, which puts a lot of weight on whether the underlying earnings power justifies that journey. The business leans heavily on turning gaming volumes and hospitality spending into...

Record convention business and regional growth offset digital losses and Macau headwinds.

William Joseph Hornbuckle: Thank you, Howard. MGM Resorts International once again delivered consolidated net revenue growth in the first quarter driven by strengths in digital and China. Net revenue for Las Vegas in Q1 grew on a year-over-year basis for the first time in over a year despite exceptionally strong leisure comparatives.