MGM Resorts Turns to Loss, but Business Fundamentals ‘Remain Intact'

MGM Resorts International (NYSE: MGM) missed Wall Street estimates on the top line, in the second-quarter results it released yesterday, but beat on the bottom as the losses the casino operator generated were slightly less than expected.

Bill Hornbuckle, who was just made MGM's permanent CEO and president, said in a statement that although the near-term outlook is uncertain, "the long term fundamentals of our business and the broader industry remain intact."

Image source: Getty Images.

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Source Fool.com