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Q2 revenues up for MGM Resorts International
MGM Resorts International has reported a 17 per cent increase in consolidated net revenue for the second quarter ending 30 June, compared with the same period last year.
Net revenue attributable to the group's wholly-owned domestic resorts segments grew by 4 per cent, with rooms revenue and RevPAR also both showing growth for the period. MGM chair and chief executive officer Jim Murren said: "We believe the foundation of the Las Vegas recovery is solid and our business is building.
"MGM Macau had another record quarter and the acquisition of a controlling interest in MGM China marks an important step in expanding our global operations and profitability."
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