MGM Resorts Tumbles as Post-Shooting Mandalay Bay Still Drags
The MGM Resorts International Mandalay Bay Resort stands in Las Vegas, Nevada, on April 25, 2018.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
MGM Resorts International tumbled the most in more than two years after the company lowered its projected revenue growth due to sluggish business at Mandalay Bay and other Las Vegas properties.
Room revenue will be up 1 percent to 3 percent this year, management of Las Vegas-based MGM Resorts said on a conference call Thursday. In February, the company projected 2 percent to 4 percent.