Consolidated net revenues decreased 53% compared to the prior year quarter to $1.5 billion, driven by lower business volume and travel activity due to the pandemic, hotel and other closures at certain properties, travel restrictions to our Macau resorts, and ongoing operating restrictions.'We remain focused on executing our strategic plan to drive margin expansion, deliver profitable growth and maximize shareholder value.'įourth Quarter 2020 Financial Highlights: 'I'm thrilled to play a role in the recovery and long-term growth of one of the most iconic global gaming entertainment brands,' said Jonathan Halkyard, Chief Financial Officer and Treasurer of MGM Resorts International. Safety and well-being remain our highest, unwavering priorities.'

'I look to the future with hope and gratitude for the strength and determination of our teams and communities, and the continued loyalty of our guests. We expect to be in 20 markets by the end of the year, and are very pleased with the January launches in Iowa, Michigan, and Virginia.' BetMGM gained significant market share throughout 2020 while successfully launching in seven new states. This includes maintaining a strong balance sheet to seize opportunities and continuing to drive BetMGM, our U.S. 'We are engaged on pandemic response while staying focused on the future. 'Our fourth quarter results delivered Adjusted Property EBITDAR improvements over the third quarter and our regional operations continued to generate margin growth.' We have strengthened our operational foundation through cost efficiencies that position us for sustainable growth, as solutions to the public health crisis accelerate and restrictions continue to ease.' said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International. 'We remain confident in the long-term recovery of our business.

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