MGM Resorts International

Macau's casinos post first revenue drop in 29 months

* Jan revenue figure still in-line with last year's monthly hauls

* Growing economy, geopolitical pressures dent gambling sentiment

* License expiration starts next year (Updates to add detail on revenue and Macau gaming industry)

Feb 1 (Reuters) - Gambling revenue in the Chinese territory of Macau dropped 5 percent in January, the first drop in more than two years, as appetite for gambling waned amid slowing economic growth and increased headwinds from the Sino-U.S. trade war.

The special administrative region reported 24.9 billion patacas ($3 billion) revenue, compared with 26.3 billion patacas a year ago, Macau's Gaming Inspection and Coordination said on Friday.

The drop was likely due to a smoking ban that came into effect on Jan. 1 as well as muted sentiment among VIP players ahead of Chinese New Year holidays in February, analysts said.

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https://finance.yahoo.com/news/macaus-ca...ccounter=1

Shares of MGM Resorts rise as casino operator reports strong revenue growth

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MGM Resorts reported a fourth-quarter loss of $23 million, or 6 cents a share, from a profit of $1.4 billion, or $2.39 a share, a year earlier. The company said it swung to a loss due to a non-cash tax expense of 17 cents a share in the fourth quarter versus a tax benefit of $2.50 a share in fourth-quarter 2017. Revenue rose 18% to $3.1 billion. 

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https://www.marketwatch.com/story/shares...yptr=yahoo

Casinobetreiber MGM Resorts entlässt 18.000 Mitarbeiter

Etwa ein Viertel der US-Mitarbeiter muss gehen: Der Casino-und Hotelkonzern leidet unter den weltweiten Reisebeschränkungen. Besonders hart trifft es Las Vegas.

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https://www.spiegel.de/wirtschaft/untern...cdd14abf88