There’s no way to sugar coat MGM Resorts first quarter earnings. I opened the quarterly MGM Resorts earnings presentation as soon as I woke up and saw a slew of red down arrows. After a cup of coffee and actually spending time reading the why there were red arrows it’s easy to see that MGM Resorts just had a bad quarter.
Twenty years ago there was a fun month of sports in March with an event called the NCAA Basketball Tournament. That basketball tournament is more commonly known as March Madness today. The games aren’t played in Las Vegas but the first weekend of March Madness has become one of the most popular weekends of the year.