MGM Resorts International turned a second-quarter profit, benefiting from higher Las Vegas demand.
The company had net income $105.5 million, compared to a net loss of $93 million a year earlier. Revenue rose 4%, to $2.58 billion.
Revenue per available room (RevPAR) at Las Vegas hotels rose 6%, as both room rates and occupancy rose.
Additionally, the company’s loss on its CityCenter project narrowed 59% from a year earlier to $51.8 million. Aria’s RevPAR rose 6%, and Vdara’s jumped 10%.
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