MGM Resorts Optimistic About Las Vegas Growth This Year -- Market Talk

Dow Jones

02/13

1907 ET - MGM Resorts International ended 2024 with a 6% decline in fourth-quarter revenue at its Las Vegas operations, CFO Jonathan Halkyard says on a call with analysts, citing tough comparatives. "This momentum gives us optimism that MGM's Las Vegas operations can grow in 2025, with the exception of the challenging comparisons this month of February," Halkyard says. The hotel and casino operator expects Las Vegas to be a source of stability and growth in the near term, CEO Bill Hornbuckle says. "We are investing in our business and the customer experience," he adds. Shares rise 11% to $38.09 in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 12, 2025 19:07 ET (00:07 GMT)

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The hotel and casino operator expects Las Vegas to be a source of stability and growth in the near term, CEO Bill Hornbuckle says. \"We are investing in our business and the customer experience,\" he adds. Shares rise 11% to $38.09 in post-market trading. 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The hotel and casino operator expects Las Vegas to be a source of stability and growth in the near term, CEO Bill Hornbuckle says. \"We are investing in our business and the customer experience,\" he adds. Shares rise 11% to $38.09 in post-market trading. 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The hotel and casino operator expects Las Vegas to be a source of stability and growth in the near term, CEO Bill Hornbuckle says. \"We are investing in our business and the customer experience,\" he adds. Shares rise 11% to $38.09 in post-market trading. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","BK4150":"赌场与赌博","BK4585":"ETF&股票定投概念","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","MGM":"美高梅","BK4588":"碎股"},"translate_title":"米高梅度假村对拉斯维加斯今年的增长持乐观态度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGM":1},"content_text":"1907 ET - MGM Resorts International ended 2024 with a 6% decline in fourth-quarter revenue at its Las Vegas operations, CFO Jonathan Halkyard says on a call with analysts, citing tough comparatives. \"This momentum gives us optimism that MGM's Las Vegas operations can grow in 2025, with the exception of the challenging comparisons this month of February,\" Halkyard says. The hotel and casino operator expects Las Vegas to be a source of stability and growth in the near term, CEO Bill Hornbuckle says. \"We are investing in our business and the customer experience,\" he adds. 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