MGM Resorts International
Net revenue was $1.5 billion, in line with analyst estimates.
MGM owns 10 Las Vegas Strip resorts as well as casino-resorts in Mississippi and Michigan and joint ventures in New Jersey and China's Macau. The company's Macau joint venture, which originally filed early last year for an anticipated Hong Kong initial public offering, is expected to raise about $800 million with the upcoming IPO, according to sources. MGM shares had closed at $15.54 on Friday on the New York Stock Exchange. They were down about 2 percent at $15.20 Monday before the markets opened.
(Reporting by Nivedita Bhattacharjee)