secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000789570-22-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGM Resorts Q2: record LV Strip EBITDAR, MGM China loss; $1.1B share repurchase
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- Consolidated net revenues $3.3B (+44% YoY); net income $1.8B includes gain on MGP deconsolidation.
- Las Vegas Strip Resorts: Adjusted Property EBITDAR $825M (+108%), a record quarter.
- Regional Operations: Adjusted Property EBITDAR $340M (+7%), record Q2.
- MGM China: net revenues $143M (-54%); Adjusted Property EBITDAR loss $52M due to Macau restrictions.
- Repurchased 32M shares for $1.1B in Q2; declared quarterly dividend of $0.0025/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000078957022000025/0000789570-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000078957022000025/mgm-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000789570-22-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer