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How many casinos are owned by mgm11/16/2023 Its per-share adjusted profit of 64 cents in the quarter also beat analysts' expectations of 49 cents. It has a giant poker room and a sports and race book. MGM's total revenue rose about 16% to $3.97 billion in the quarter through September, compared with analysts' average estimate of $3.87 billion, according to LSEG data. Owned by MGM Resorts, Borgata’s luxury resort is home to more than a dozen restaurants. 10 if they do not have a labor contract by then. At the end of 2021, the group operates 19 casino hotels in the United States (17 Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, Excalibur, New. MGM, along with Wynn Resorts WYNN, also faces a potential strike after about 35,000 Las Vegas hospitality workers are ready to walk off the job on Nov. Last month, MGM had said it expects a $100 million hit to its third-quarter results after a cyberattack disrupted its operations, forcing a shutdown of its systems. Shares of the company were up 2.6% at $39.61 after the bell. "MGM China is performing exceptionally well," MGM's CEO Bill Hornbuckle said in the statement. The post-pandemic travel rebound in China and Macau has been a tailwind for casino operators such as MGM Resorts and Las Vegas Sands Corp LVS. MGM Resorts International MGM beat market estimates for third-quarter profit and revenue on Wednesday, as the casino operator benefited from easing pandemic-related entry restrictions in its key markets.
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