Dec 09
MGM Macau Had A Record Quarter Earnings
Posted by admin on Friday Dec 9, 2011 Under News
MGM Group resorts international recorded a great earning in Macau during the second quarter of this year, the earnings were almost three times more than it was estimated. As per the reports the earnings from MGM Macau reached 1.3 billion HKD (Hong-Kong Dollar) form 488 million HKD merely a year before.
MGM which is actually based in Las-Vegas recorded a net income of 3.44 Billion USD or Dollar 6.22 per each share. MGM had a huge leap in its income due to its Macau venture. Most of the earnings at MGM Macau came from its table games which increased by 110 percent and the casino.
MGM is now focusing on its alliance with the Macau government to attain a land grant for its upcoming casino resort in Cotai.
Photo source mihimaru