MGM Resorts Swings to Loss on Charges Tied to N.Y. Casino

Core Insights - The Las Vegas-based hotel and casino operator experienced a significant impact on its bottom line due to a $256 million noncash goodwill impairment charge related to the withdrawal of a New York casino application [1] Financial Impact - The company recorded a noncash goodwill impairment charge of $256 million, which negatively affected its financial performance [1] - This impairment charge is specifically tied to the decision to withdraw an application for a casino in New York [1]