Day: July 31, 2020

Social distancing, travel restrictions part of steep financial troubles during COVID-19

LAS VEGAS  – A sustained shutdown of MGM Resorts properties in the wake of COVID-19 contributed to a second quarter operating loss of $1 billion, reports the Reno Gazette Journal, which is part of the USA TODAY Network.

That’s a steep drop from the $371 million in operating income recorded in the second quarter of 2019. Those figures refer to income or losses calculated after operating expenses such as payroll and equipment are subtracted.

“As we look ahead, we believe the long term fundamentals of our business and the broader industry remain intact,” said Bill Hornbuckle, who was named

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