Las Vegas Strip Resorts and Regional Operations Adjusted Property EBITDAR increased 84% and 36%, respectively, compared to the fourth quarter of 2019
Most recently, Lunn served as the MGM Resorts Southeast Group President & COO, where he led Beau Rivage Resort & Casino in Biloxi, Mississippi and Gold Strike Casino Resort in Tunica, Mississippi.
Las Vegas Strip Resorts and Regional Operations Adjusted Property EBITDAR increased 21% and 29%, respectively, compared to the third quarter of 2019
The purchase price represents a multiple of approximately eight times adjusted EBITDA, inclusive of expected operational synergies and identified revenue growth opportunities.
The agreement will make MGM Resorts the 100 percent owner of CityCenter on the Las Vegas Strip, which is comprised of Aria Resort & Casino and Vdara Hotel and Spa.
Ayesha Molino Elevated to Senior Vice President of Public Affairs
During the Year, MGM China saw revenue down by 78% to approximately HK$5.1 billion. The Group had a negative adjusted EBITDA of approximately HK$1.4 billion.
During the third quarter of the year, MGM China recorded total revenue of approximately HK$363 million, up by 41% sequentially from the second quarter. The Group had narrowed its loss to a negative adjusted property EBITDA of approximately HK$731 million, compared to -HK$886 million in previous quarter.
'Convene with Confidence' plan features a multi-layered approach to health and safety, including partnership with CLEAR and rapid on-site COVID-19 testing performed by Impact Health
MGM Resorts International (NYSE: MGM) today welcomed the announcement that IAC/InterActiveCorp (IAC), the media and technology company founded and led by renowned business leader Barry Diller, has made a significant investment in MGM Resorts International.