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casino on long islandWithout that one-time item, the gaming company probably lost money in the January through March period, something Wall Street is expecting, as the consensus analyst forecast on MGM is a loss of 17 cents a share.We intend to continue to review and consider any available potential benefits under the CARES Act for which we qualify,” according to the document.MGM Resorts International (NYSE:MGM) was likely net income negative in the first quarter, excluding one-time items, as revenue tumbled 29 percent because of gaming property closures forced by the coronavirus.3 billion, a 29 percent decline, and a 61 percent drop in earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) to 5 million.Venetian operator Las Vegas Sands posted Q1 results that werReversing Course on CARES ActCongress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27 and initially, it appeared as though MGM would not participate in that program.gta v online casino

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