MGM Resorts Surpasses Q4 Estimates Amid China's Travel Resurgence
In a remarkable rebound that outweighed industry expectations, MGM Resorts International showcased a robust performance in its fourth-quarter results, primarily driven by the revival of travel in China and Macau. The Las Vegas-based casino conglomerate experienced a significant upturn, marking an 18% increase in Adjusted Property EBITDAR for its MGM China operations over the levels witnessed in 2019, before the pandemic shook the global economy.
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