Record 1Q Adjusted Property EBITDAR for Las Vegas Strip Resorts up 41% YOY; seventh consecutive quarterly record - MGM China Adjusted Property EBITDAR of $169 million, 88% recovery vs 1Q19; net revenues up 130% YOY amid strong reopening trends
Record Las Vegas Strip Adjusted Property EBITDAR and record second quarter Regional Operations Adjusted Property EBITDAR
Las Vegas Strip Resorts and Regional Operations Adjusted Property EBITDAR increased 47% and 48%, respectively, compared to the first quarter of 2019 and maintained margin growth over 2019 in both the Las Vegas and Regional markets
Las Vegas Strip Resorts and Regional Operations Adjusted Property EBITDAR increased 84% and 36%, respectively, compared to the fourth quarter of 2019
Las Vegas Strip Resorts and Regional Operations Adjusted Property EBITDAR increased 21% and 29%, respectively, compared to the third quarter of 2019
The Company has proactively reduced its cash outflows to $270 million per month during closures, excluding MGM China and MGP, and is well-positioned given its strong liquidity and recent $750 million senior notes offering
Consolidated net revenues increased 9% compared to the prior year quarter to $3.3 billion
Net revenues increase of 22% over the prior year quarter at the Company's domestic resorts to $2.1 billion, due to the inclusion of MGM National Harbor and Borgata, and a decrease of 1% on a same-store basis primarily due to lower year over year table games hold
Increased diluted earnings per share in the first quarter of 2017 by 200% to $0.36 from $0.12 in the prior year quarter - Declared quarterly dividend of $0.11 per share
Increased diluted earnings per share in the fourth quarter of 2016 to $0.04 from a loss per share of $1.38 in the prior year quarter - Increased diluted earnings per share in 2016 to $1.92 from a loss per share of $0.82 in 2015 - Initiated a quarterly dividend program to further drive shareholder value