MGM Resorts International: Potential Market Expansions to the UAE, Thailand, and Texas & Top-Line Impact! 

MGM Resorts International’s Q1 2024 results demonstrated robust performance, delivering another record quarter across the company’s consolidated businesses. Net revenues reached $4.4 billion, a 13% increase from the previous year, with a net income of $217 million and an adjusted EBITDAR of over $1.2 billion, demonstrating significant financial growth. The strong performance was propelled by the company’s diversified business model, consisting of its Las Vegas operations, regional properties, MGM China, and the progressing digital segment. Notably, strong Average Daily Rates (ADRs) bolstered 4% net revenue growth in Las Vegas, while MGM China recorded a 71% growth in net revenues year-on-year.