It wasn’t long ago that MGM Resorts (NYSE: MGM) was struggling to survive during the financial crisis. Put simply, the company’s debt had become too much to handle and assets like Treasure Island had to be sold off in a rush. All of this occurred as the economy was in an absolute tailspin.
But MGM’s performance since the early 2010s has been incredibly stable and it has made some moves that shore up the balance sheet while also allowing for growth. Here’s a look at how MGM became a more stable and faster growing company in the last few years.