Casinos Continue to disappoint as MGM Latest to Miss Earnings

The video discusses MGM's Q2 performance, highlighting challenges in Vegas and Macau. Vegas profits were down due to unmet room occupancy expectations, while Macau struggled with a lack of VIP clientele. Future expectations indicate continued challenges, particularly in Vegas, with a potential decline in revenue per available room. The video also explores the risk of cannibalization in Macau as new properties on the Cotai Strip impact older ones.

What is the expected impact on MGM's RevPAR in the upcoming quarter?

What risks of cannibalization are associated with MGM's new properties?