See every side of every news story
Published loading...Updated

Is Las Vegas Still a Good Value? MGM CEO Says It's 'Fundamentally Solid' as 4% Decline Reported

CLARK COUNTY, NEVADA, JUL 31 – MGM and Caesars report 4% and 3.7% revenue drops in Q2 due to renovations and fewer big-name shows; both expect recovery by late 2025 fueled by conventions and luxury demand.

LAS VEGAS (KLAS) — A nine-week decline in hotel bookings made for a "choppy" second quarter, according to executives at MGM Resorts International. Amid glowing reports from the company's resorts in China, MGM CEO and President Bill Hornbuckle expressed confidence that tourism will return to levels Las Vegas has come to expect. "Las Vegas remains fundamentally solid," he told investors on MGM's second quarter earnings call. The talk on the street…

4 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Skift broke the news in New York, United States on Wednesday, July 30, 2025.
Sources are mostly out of (0)

Similar News Topics