Key Moments: MGM Resorts International (NYSE: MGM) revealed a third-quarter loss driven by weaker Las Vegas Strip performance and notable one-time charges. The company recorded a $256 million goodwill impairment charge and $93 million in write-downs after stepping back from the New York casino licensing process. CEO Bill Hornbuckle conceded that missteps in pricing strategy negatively affected the customer experience in Las Vegas. Financial Highlights and Las Vegas Performance MGM Resorts International (NYSE: MGM) saw its shares take a hit in after-hours trading after releasing third-quarter results that fell short…
Read MoreMGM Reports Disappointing Third Quarter Amid Las Vegas Struggles and New York Withdrawal
