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May 27, 2020, 2:45 p.m. EDT

MGM to reopen Las Vegas resort casinos on June 4

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By Tomi Kilgore

MGM Resorts International /zigman2/quotes/209932643/composite MGM +3.09% announced Wednesday its plan to reopen its Las Vegas properties on June 4, including the Bellagio, MGM Grand Las Vegas, New York-New York and The Signature casino resorts. The company said the amenities at all properties will be limited at the start. "As demand for the destination builds, additional venues within these resorts will open and other MGM Resorts properties on The Strip will reopen," the company said in a statement. Employees will be required to wear masks, while guests will be "strongly encouraged" to do the same, and could be required to wear masks in certain settings where social distancing is more difficult to maintain. Earlier, Wynn Resorts Ltd. /zigman2/quotes/208845907/composite WYNN -3.23% also said its Wynn Las Vegas resort will open on June 4. MGM's stock tacked on 0.5% in afternoon trading. It has lost 30.5% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.06% has gained 1.1%.

/zigman2/quotes/209932643/composite
US : U.S.: NYSE
$ 19.03
+0.57 +3.09%
Volume: 34.57M
Aug. 7, 2020 4:00p
P/E Ratio
5.01
Dividend Yield
0.05%
Market Cap
$9.39 billion
Rev. per Employee
$213,874
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/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 74.10
-2.47 -3.23%
Volume: 4.87M
Aug. 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$7.99 billion
Rev. per Employee
$258,372
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/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
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