Stock Track | MGM China Soars 5.05% on Strong Q4 Earnings from Parent MGM Resorts

Stock Track

02-13

Shares of MGM China, the Macau and China operations of casino giant MGM Resorts International, surged 5.05% in Thursday's intraday trading session. The stock's upswing came on the heels of MGM Resorts reporting better-than-expected fourth quarter earnings and revenue.

In its Q4 2024 earnings release on Wednesday, MGM Resorts revealed it had surpassed analysts' profit and revenue estimates. The company's strength was attributed to robust bookings across its properties during the quarter. Notably, MGM China's casino revenue grew 4% year-over-year to $885 million, contributing to the parent company's overall revenue.

MGM Resorts' strong quarterly performance, driven in part by its China operations, appears to have fueled investor optimism around MGM China's prospects. The company's shares reacted positively, reflecting the market's confidence in MGM China's growth potential.

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The company's shares reacted positively, reflecting the market's confidence in MGM China's growth potential.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02282","symbol_name":"美高梅中国","start_time":0,"source_url":"","article_id":"1118076055","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118076055","pubTimestamp":1739410893,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of MGM China, the Macau and China operations of casino giant MGM Resorts International, surged 5.05% in Thursday's intraday trading session. 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