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Why MGM Resorts Stock Is Falling Today

TheMotleyFool

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Shares of MGM Resorts International (NYSE: MGM) are falling almost 5% in morning trading Friday after the company reported second-quarter results that showed revenue all but evaporated due to the coronavirus pandemic.

Casino resorts were completely shut down in the U.S. for most of the quarter and were hamstrung in China with tight travel restrictions, which led MGM to record revenue of just $290 million compared to $3.2 billion last year.

Image source: Getty Images.

Source Fool.com

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