MGM Resorts net income reaches USD 207M in 1Q

According to the Chairman & CEO of MGM Resorts, Jim Murren, the company had a strong start as evidenced by the data. Financial highlight of the report include:

• Diluted earnings per share for the first quarter of 2017 increased 200% to $0.36, compared to $0.12 in the prior year quarter.
• Net revenues increase of 29% over the prior year quarter at the Company's domestic resorts to $2.1 billion, and a 6% increase on a same-store basis, excluding contributions from Borgata and MGM National Harbor.
• Adjusted Property EBITDA(2) growth of 34% over the prior year quarter to $648 million at the Company's domestic resorts, and a 15% increase on a same-store basis.
• Same-store operating margin of 25.0% in the current quarter at the Company's domestic resorts, an increase of 245 basis points compared to the prior year quarter.

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Every year, we take steps to further this Company as an innovative market leader positioned for operational strength, financial flexibility, and prudent growth. We remain focused on building upon this effort as we continue to execute on our strategies to profitably grow our Company and return value to our shareholders, said Murren.

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