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MGM Resorts slides after flattish Macau results

Feb. 16, 2017 9:18 AM ETMGM Resorts International (MGM) StockMGMBy: Clark Schultz, SA News Editor
  • MGM Resorts (NYSE:MGM) trades lower after reporting flat revenue growth from Macau in Q4. Main floor table game revenue fell 2% during the quarter.
  • The read from Las Vegas was stronger, with RevPAR up 3% and the occupancy rate steady at 89%.
  • The company reinitiated its quarterly dividend at $0.11 per share.
  • Previously: MGM Resorts EPS of $0.04 (Feb. 16)
  • Previously: MGM Resorts declares $0.11 dividend (Feb. 16)
  • MGM -4.56% premarket to $28.25.

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