MGM Resorts International has posted record second quarter consolidated net revenues of $4.3bn.

There was also record Q2 MGM China adjusted property EBITDAR of $294m, an increase of 40 per cent year-over-year as market share remained in the mid-teens. International digital strategy progressed with the acquisition of Tipico's US platform bringing sports betting product in house and a strategic relationship with Playtech allowed MGM to become only US operator to offer live casino content from the Las Vegas Strip.
"MGM Resorts continued to drive positive financial results and solid growth in the second quarter, with record MGM China adjusted property EBITDAR and further growth in Las Vegas where our Marriott relationship continues to exceed expectations and our meetings and convention business continues to strengthen thanks to our recently completed remodel of Mandalay Bay," said Bill Hornbuckle, CEO and president.
"We made significant progress with our international digital strategy by adding both an in-house sports product and live dealer capabilities to our online gaming offerings.
"We're excited by the progress we're making as a company against our strategic priorities and anticipate carrying our current momentum forward into the back half of the year."
Meanwhile, The Cosmopolitan of Las Vegas is now officially integrated into MGM Rewards, allowing members to earn and redeem MGM Rewards at one of the world's most distinctive luxury resorts while also creating a seamless loyalty experience throughout all MGM Resorts' destinations, in Las Vegas and nationwide.
"This marks an important milestone for The Cosmopolitan as we become fully integrated into MGM Rewards, introducing our resort amenities to a broad new audience while offering our loyal guests unparalleled access to iconic destinations across Las Vegas," said Sean Lanni, president and COO of The Cosmopolitan.
"We're looking forward to welcoming MGM Rewards members from our Las Vegas and regional markets who now have the ability to earn and redeem at The Cosmopolitan as they enjoy the resort's exceptional accommodations, dining, entertainment, slots and table games."