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.
Summary by KLAS - 8 News Now
4 Articles
4 Articles
Is Las Vegas still a good value? MGM CEO says it's 'fundamentally solid' as 4% decline reported
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…
·Las Vegas, United States
Read Full ArticleCoverage Details
Total News Sources4
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium