MGM Resorts achieved record 2Q consolidated net revenue of $4.3 billion, a 10% YoY increase, and saw a 40% rise in adjusted property EBITDAR to $294 million. The company’s cash and cash equivalents totaled $2.4 billion against $6.3 billion in debt. The revenue boost was driven by strong performance in both Macau, where net revenues surged 37% to $1 billion, and Las Vegas. Despite a beneficial partnership with Marriott International and significant room bookings – 410,000 so far in 2024 – MGM noted that the upcoming Formula 1 race in Las Vegas had not generated as many bookings as anticipated.