MGM Resorts to foresees strong performance in 2019

The end of 2018 was a bit of a reprieve from a challenging year for MGM Resorts International. During the company’s fourth-quarter and full-year earnings call, executives spoke about stronger performance at the end of the year and expressed confidence in how 2019 is lining up.

On a consolidated basis, fourth-quarter revenue grew by 18% year over year, Chairman and CEO Jim Murren said, and adjusted earnings before interest, taxes, depreciation and amortization grew by 21% excluding certain one-time benefits. The company selectively leveraged its casino database and convention business to grow revenue by 6%, revenue per available room by 8% and EBITDA by 8% in Las Vegas, he said.