Skift Take
Las Vegas's hosting of the Super Bowl helped MGM Resorts post records in its hotel revenues. Demand may stay strong as the company expects to fully roll out a Marriott licensing tie-up by the end of March.
The Super Bowl helped MGM Resorts post three of the top five days in revenue it has ever recorded at hotels on the Las Vegas Strip, executives said Tuesday.
"We had an average daily rate of nearly $1,000," said Bill Hornbuckle, president and CEO.
Executives hadn't been sure how hosting the Super Bowl would work out given the high cost of the tickets. But all of MGM's Las Vegas properties saw a benefit.
"Every cash register from food and beverage to entertainment was ringing... at every property," said Corey Sanders, chief operating officer.
The Super Bowl followed the inaugural Formula F1 race in November, whi