NEW YORK (TheStreet) -- Shares of MGM Resorts (MGM) - Get MGM Resorts International (MGM) Report were gaining 4.48% to $20.74 Tuesday after the casino operator beat analysts' estimates for earnings in the second quarter.

MGM Resorts reported earnings of 19 cents a share for the second quarter, above analysts' estimates of 11 cents a share for the quarter. Revenue fell 7.8% year over year to $2.38 billion for the quarter, in line with analysts' estimates.

Casino revenue related to wholly owned domestic resorts grew 5% year over year in the second quarter due to a 4% increase in table games volume and a 7% increase in slots volume. Table games hold percentage in the quarter was 21.4% compared to 21.3% in the year-ago quarter.

"We are continuing to drive increased profits at MGM Resorts with second quarter wholly owned Adjusted Property EBITDA up 11% driven by growth at our Las Vegas and regional resorts," Chairman and CEO Jim Murren said in a statement. "These resorts are continuing to gain operating momentum while we continue to make significant progress on our development pipeline in Cotai, Maryland, and Massachusetts"

TheStreet Recommends

TheStreet Ratings team rates MGM RESORTS INTERNATIONAL as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate MGM RESORTS INTERNATIONAL (MGM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: MGM Ratings Report

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