MGM Resorts' Q3 Earnings Report

(Reuters) – MGM Resorts (NYSE:MGM) International missed market expectations for third-quarter profit and revenue on Wednesday, impacted by weak sales in its Las Vegas casino business, which caused its shares to drop by more than 5% during extended trading.

Las Vegas Casino Operations

Quarterly revenue from its Las Vegas casino operations fell 13% to $476 million, while winnings from table games in the business dropped 19% from a year ago to $328 million.

Overall Financial Performance

The company's total revenue for the quarter was $4.18 billion, falling short of analysts' average estimate of $4.21 billion, according to LSEG-compiled data.

MGM reported adjusted quarterly earnings per share of 54 cents, below the analysts' estimates of 61 cents, as per data compiled by LSEG.