MGM's net revenue increased by more than a third in the latest quarter amid a rebound in leisure travel and the company's acquisition of Cosmopolitan of Las Vegas.
MGM Resorts International: MGM Resorts operates gaming and entertainment resorts, providing accommodations, hospitality management, dining, and other services for casinos and non-casino properties around the world.Net income rose tenfold in the first quarter of 2023 after the company purchased Barstool Sports and recorded a $500 million gain from reclassified lease components. It operates both gaming properties nationwide and online sports betting services. PENN Entertainment Inc.: PENN provides entertainment, sports content, and casino gaming services.
Light & Wonder's quarterly earnings shrunk in the most recent quarter following the company's divestiture of its lottery and sports betting business. The company recently repaid $4.8 billion in debt, reducing its total outstanding debt by 55%.
