That compared with a net loss of $18 million, 6 cents a share, on revenue of $2.9 billion in the first quarter of 2022. MGM reported net income of $466.8 million, $1.24 a share, on revenue of $3.9 billion for the quarter that ended March 31. Last month, the A’s announced the team had signed a binding purchase agreement with Station Casinos parent company, Red Rock Resorts, to purchase 49 acres at Tropicana Avenue and Dean Martin Drive.

MGM already is running on all cylinders with record cash flow in Las Vegas for the quarter, strong regional operations profit and a rebound in Macao, the company reported.Īnd, the Las Vegas-based gaming company - the state’s largest employer - expects to have even more revenue streams in the future in New York, Japan, the United Arab Emirates and, potentially, with the arrival of the Oakland A’s. All that said, I like you believe it will happen and it will be accretive to overall visitation.” We’re not in favor of any tax dollars put into this and yield to the governor’s position and assume that this will be done responsibly for the state and ultimately for Clark County. “We think that’s a reasonable number created by a bunch of folks looking at it. “Obviously, given the location and the conversation of a pedestrian bridge from T-Mobile (Arena) to the (proposed stadium site), we think it could bring about 400,000 tourists a year to the valley that wouldn’t have otherwise come,” Hornbuckle said. Hornbuckle spelled out MGM’s interest in the Oakland Athletics’ potential move to Southern Nevada, in response to an investor’s question.

It’s in the early innings, but MGM Resorts International CEO Bill Hornbuckle talked baseball during the company’s Monday earnings call with investors. MGM Grand Macau casino resort is shown in Macao on Monday, July 11, 2022.

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