'Best hotel revenue month' in MGM Resorts history coming up, executive says
Tuesday 14 de February 2023 / 12:00
2 minutos de lectura
(Las Vegas).- MGM Resorts International's top executive said Wednesday that he expects March to be the most lucrative revenue-producing month ever for the company's Las Vegas casino resorts.
For the final three months of last year, MGM reported net revenues of $2.3 billion for its Strip resorts. That represented a 27% increase when compared to the fourth quarter of 2021.
Overall, the company reported net revenues of $3.6 billion last quarter, an 18% increase from the fourth quarter of 2021.
In Las Vegas, Hornbuckle said he expects another big year for the company in 2023, aided, he said, by the first Formula One Las Vegas Grand Prix race, which will take place in November.
"Formula One is expected to bring $1 billion in economic value to (Las Vegas)," Hornbuckle said. "We believe we're the best-positioned to take advantage of that."
The race, which will take place over a stretch of Las Vegas Boulevard on the Strip, will be locked in as an annual event for the next decade in Las Vegas following recent action by the Clark County Commission.
Categoría:Casino
Tags: casino,
País: United States
Región: North America
Event
SBC Summit Americas 2025
13 de May 2025
Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.
Monday 16 Jun 2025 / 12:00
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.