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MGM’s hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover

Summary by Ground News
MGM Resorts International beat fourth-quarter earnings expectations, but the stock continued to suffer from a post-game hangover. Chief Executive Bill Hornbuckle said on the post-earnings conference call with analysts that there had been some uncertainty about how much people would spend at MGM's Las Vegas properties.

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MGM’s hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover

MGM Resorts beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing,” but the casino and hotel operator’s stock continued to suffer from a post-game hangover.

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MarketWatch broke the news in United States on Wednesday, February 14, 2024.
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