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03.07.2019 17:03:00

Why MGM Resorts International Shares Jumped 15.7% in June

Shares of casino giant MGM Resorts International (NYSE: MGM) jumped 15.7% in June, according to data provided by S&P Global Market Intelligence, as investors got more bullish on the entire industry. The biggest news for MGM Resorts came early in the month when Macao released its casino revenue figures. The region saw $3.21 billion of gambling revenue, which was up a modest 1.8% from a year ago, but a big change from the 8.3% decline we saw in April. The Macao skyline, including the tricolor MGM resort at the right. Image source: Getty Images.Continue reading
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