{"id":6076,"date":"2023-11-10T07:03:50","date_gmt":"2023-11-10T07:03:50","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/11\/10\/mgm-resorts-announces-2023-q3-revenues-of-4-billion\/"},"modified":"2023-11-10T07:03:50","modified_gmt":"2023-11-10T07:03:50","slug":"mgm-resorts-announces-2023-q3-revenues-of-4-billion","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/11\/10\/mgm-resorts-announces-2023-q3-revenues-of-4-billion\/","title":{"rendered":"MGM Resorts Announces 2023 Q3 Revenues of $4 Billion"},"content":{"rendered":"<div>\n<p>MGM Resorts International has just disclosed its third-quarter earnings for 2023, <strong>revealing an impressive revenue leap to $4 billion<\/strong>. This surge is predominantly driven by its Macau operations, which saw an <strong><a href=\"https:\/\/igaming.org\/casino-news\/macaus-gaming-industry-sets-new-records-post-covid\/\">829% increase<\/a><\/strong> following the easing of travel restrictions.<\/p>\n<p>Despite facing a <strong><a href=\"https:\/\/igaming.org\/casino-news\/scattered-spider-group-linked-to-mgm-cyberattack-as-company-braces-for-significant-risks\/\">cybersecurity incident<\/a> <\/strong>and the sale of The Mirage and Gold Strike Tunica, the company\u2019s net revenues rose by 16%. CEO Bill Hornbuckle commended his workforce\u2019s resilience through these challenging times, which has evidently positioned MGM for robust future growth. The company\u2019s operation income demonstrated a remarkable recovery from a loss the previous year to a profit of $370 million.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>MGM China, the company\u2019s arm in Asia, was notably successful, with revenues skyrocketing to $813 million for the quarter. This marks a significant recovery from the previous year and even exceeds pre-pandemic figures by 10%. The Las Vegas Strip, however, saw an 8% decrease in revenue, attributed to the disposals of certain assets. Despite this, the Strip\u2019s table games and room revenues continue to attract visitors, indicating sustained interest in MGM\u2019s offerings.<\/p>\n<p>Looking ahead, MGM Resorts is optimistic about upcoming high-profile events, including Formula 1\u2019s inaugural Las Vegas race, the launch of the MGM Collection with Marriott Bonvoy, and hosting the Super Bowl. These events are expected to further solidify MGM\u2019s market position. Additionally, Hornbuckle points to MGM China\u2019s exceptional performance and development prospects in New York and Japan as positive indicators for future growth.<\/p>\n<p>Furthermore , the company has also reached a tentative five-year contract with the Culinary Union, heading off the possibility of a strike. 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Exclusive Welcome Bonus of 250% + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/mgm-resorts-announces-2023-q3-earnings\/\">MGM Resorts Announces 2023 Q3 Revenues of $4 Billion<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts International has just disclosed its third-quarter earnings for 2023, revealing an impressive revenue leap to $4 billion. This surge is predominantly driven by its Macau operations, which saw an 829% increase following the easing of travel restrictions. Despite facing a cybersecurity incident and the sale of The Mirage and Gold Strike Tunica, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6076","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6076"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6076\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}