MGM Resorts International Posts Best Quarter Since 2008

MGM Resorts International reported its strongest quarterly results since 2008, the gaming giant announced Thursday, returning to profitability. "Our first quarter 2013 results are the best we have reported since the beginning of the downturn five years ago,” said MGM chairman and CEO Jim Murren, “led by improved results at our Las Vegas Strip resorts, a record first quarter at MGM China and an all-time record at CityCenter." Net revenue increased 3 percent year-over-year, casino revenue was up by 5 percent and revenue per available room at the Las Vegas Strip properties was up by 1 percent.