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MGM Resorts Wavers After Stronger-Than-Expected Results MGM Resorts stock wavered after the casino company swung to a first-quarter loss from a year-earlier profit. Its results beat Wall Street estimates. Author: Shares of MGM Resorts International ( MGM) - Get Report wavered after the Las Vegas casino-holding company reported it swung to a first-quarter net loss from a year-earlier profit on 27% lower revenue. The figures were stronger than Wall Street analysts estimated. The casino industry, like most industries, is recovering from the coronavirus pandemic, which started last March. Consumer demand strengthened at our domestic properties, and the significant changes we ve made to our operating model have positioned us to capitalize on the recovery,” President and Chief Executive Bill Hornbuckle said in a statement. ....