The company said diluted earnings per share was 21 cents, an improvement compared to diluted earnings per share of 1 cent a year ago.
Consolidated net revenue was $2.6 billion, a 12% increase over the prior year first quarter.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
Consolidated casino revenue increased 13% compared to the prior year quarter.
Adjusted property EBITDA was $682 million compared to $574 million, a 19% increase compared to the prior year quarter.
The company's wholly owned domestic resorts earned Adjusted Property EBITDA of $403 million, a 12% increase compared to the prior year quarter.
MGM China's adjusted EBITDA was a record $241 million, a 33% increase compared to the prior year quarter, including $16 million of branding fee expense in the current quarter versus $13 million in the prior year quarter.
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 revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."