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MGM’s China earnings surge

MGM Resorts International exceeded market expectations for the fourth quarter, largely attributed to the lifting of pandemic-related restrictions in Macau, benefiting its China business. The rebound in travel in China and Macau has positively impacted casino operators like MGM and Wynn Resorts. Adjusted property EBITDAR for MGM China surged 18 percent higher compared to 2019 levels. MGM's total revenue surged by 22 percent to $4.38 billion, surpassing analysts’ expectations.

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