MGM Resorts: Risks and Opportunities?
- Friday, August 14, 2020, 7:12
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It was a rough second quarter for MGM Resorts this year as revenues dropped by 91% (y-o-y) and operating losses reached $1 billion. The company observed a monthly cash burn rate of $270 million and $65 million at its domestic and Macau properties, respectively. After the sale-leaseback proceeds…
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