Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Entertainment, retail and other

Reimbursed costs

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

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Property transactions, net

Preopening and start-up expenses

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

MGM Resorts

Mandalay Bay is a 43-story luxury resort and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International. One of the property's towers operates as the Delano; the Four Seasons Hotel is independently operated within the Mandalay Bay tower, occupying 5 floors (35–39).

Mandalay Bay

Bellagio  is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International and was built on the site of the demolished Dunes hotel and casino. Inspired by the Lake Como town of Bellagio in Italy, Bellagio is famed for its elegance. One of its most notable features is an 8-acre (3.2 ha) lake between the building and the Strip, which houses the Fountains of Bellagio, a large dancing water fountain synchronized to music.

Bellagio

Circus Circus Las Vegas is a hotel, 123,928 sq ft (11,513.3 m2) casino, and RV park located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by MGM Resorts International. Circus Circus features circus acts and carnival type games daily on the Midway.

Circus Circus Las Vegas

The Mirage is a 3,044 room Polynesian-themed resort and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States. The resort was built by developer Steve Wynn and is currently owned and operated by MGM Resorts International.

The Mirage

The MGM Grand Las Vegas (formerly Marina and MGM-Marina) is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the largest single hotel in the United States with 6,852 rooms. It is also the third-largest hotel complex in the world by number of rooms and second-largest hotel resort complex in the United States behind the combined The Venetian and The Palazzo. When it opened in 1993, the MGM Grand was the largest hotel complex in the world.

MGM Grand Las Vegas

Excalibur Hotel and Casino is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada, in the United States. It is owned and operated by MGM Resorts International. Excalibur, named for the mythical sword of King Arthur, uses the Medieval theme in several ways. Its facade is a stylized image of a castle. Until 2007, a wizard-like figure representing Merlin looked out from a high turret (since replaced by a figure advertising Dick's Last Resort). Excalibur is situated at the Tropicana - Las Vegas Boulevard intersection. The hotel is linked by overhead pedestrian bridges to neighboring casinos to the north (New York-New York, across Tropicana Avenue) and to the east (Tropicana, across the Strip). A free tram connects Excalibur to its sister MGM Resorts International properties to the south, Luxor and Mandalay Bay.

Excalibur

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986, and is headquartered in Las Vegas, NV.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MGM Resorts posts record Q4 earnings, eyes growth opportunities

MGM Resorts delivered strong financial performance driven by record EBITDAR and room night growth.
The company's diverse portfolio and strategic initiatives position it well for future growth.
Challenges include dividend suspension, operational metrics scrutiny, and project uncertainties.
Opportunities lie in continued growth in Macau, digital ventures, and capital allocation strategy.

MGM Resorts reports robust Q1 performance and eyes global expansion

MGM Resorts demonstrated resilience and growth potential across regions, with a focus on profitability and sustained market share.
Strategic investments in property enhancements and digital gaming aim to drive revenue and attract diverse customer segments.
Balanced financial position enables MGM to pursue growth opportunities and navigate potential challenges effectively.
Overall, MGM's performance outlook is positive, with a strong emphasis on market expansion and operational efficiency.

MGM Resorts posts record revenues and BetMGM on track for profitability

MGM Resorts delivered strong financial results, with a focus on margin improvement, digital investments, and strategic acquisitions. BetMGM's positive trajectory towards profitability and loyalty program enhancements driving revenue growth. Challenges include regional revenue variations and competitive pressures in Macau.

MGM Resorts reports record Q3 revenue amidst cybersecurity challenges

MGM Resorts showcased strong financial performance in Q3 2023, driven by record revenues in MGM China and BetMGM, despite short-term challenges.
The company's strategic focus on reducing leverage, growing free cash flow, and prioritizing share repurchases positions it well for future growth and profitability.
Opportunities in gaming expansion in Dubai, iGaming markets, and strategic partnerships offer avenues for revenue diversification and market expansion.
Efficient management of challenges like cybersecurity issues, labor negotiations, and inflationary impacts demonstrates MGM's resilience and adaptability.

MGM Resorts achieves record Q4 results, eyes digital expansion

MGM Resorts' strong performance in 2023 sets a positive tone for 2024, with a focus on innovation, strategic expansion, and event-driven growth. While challenges exist, the company's proactive approach to opportunities positions it well for continued success.

MGM Resorts achieves record Q1 earnings, eyes global expansion

MGM Resorts delivered a standout performance in Q1 2024, driven by strong results in Las Vegas and MGM China. The company's focus on digital expansion, strategic financial decisions, and potential market expansions position it for continued growth and shareholder value creation.

MGM Resorts reports strong Q2 performance driven by luxury and digital growth

MGM Resorts' Q2 performance reflects a balanced growth strategy with a focus on luxury resorts and digital initiatives
Strong partnerships, profitability in BetMGM, and plans for share repurchases signal a positive outlook for the company
While facing challenges in a competitive market, MGM's strategic investments and focus on cash flow generation position it for future success

MGM Resorts reports record Q3 performance and outlines growth strategies

MGM Resorts delivered a robust performance in Q3, driven by record revenues and EBITDAR across segments, showcasing operational strength
BetMGM's success in profitability and online gaming highlights its strategic positioning in the digital market landscape
Challenges include managing expenses, regulatory compliance, and sustaining growth momentum amidst industry competition
Future opportunities center on strategic expansion, market diversification, and innovation to drive sustained value creation

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Operating expenses

SG&A

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EBITDA

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Book value per share

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Change in working capital

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Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MGM Resorts International (NYSE:MGM ) Q1 2023 Earnings Conference Call May 1, 2023 5:00 PM ET Company Participants Andrew Chapman - Director, IR William Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America David Katz - Jefferies Stephen Grambling - Morgan Stanley Brandt Montour - Barclays Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Research Robin Farley - UBS John DeCree - CBRE Securities Barry Jonas - Truist Securities Steven Wieczynski - Stifel Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2023 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.

MGM Resorts International (MGM) Q1 2023 Earnings Call Transcript

Chegg

NXP Semiconductors

We went on a bit of a roller-coaster ride in the first trading day of a new week, at least compared to the low-VIX environment we'd been existing in.

Markets Close Flat After Eventful Day; MGM, NXPI, CHGG Beat in Q1

While the top- and bottom-line numbers for MGM (MGM) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MGM (MGM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Market Share Record High of 15.4% Mass GGR New High Reached 107% of 2019 First Quarter HONG KONG , May 1, 2023 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March  31, 2023 (the "Period"). Macau saw a pick up of visitation soon after the lifting of travel restrictions and quarantine requirements from COVID-19 pandemic in late December.

MGM China Reports 2023 First Quarter Financial Data

Shares of MGM Resorts International MGM rose after hours on Monday after the casino resort operator reported first-quarter results that beat expectations, helped by gains in hotels and casinos on the Las Vegas Strip and a bigger rebound in China. MGM reported first-quarter net income of $479.9 million, or $1.24 a share, contrasting with a loss of $34.8 million, or six cents a share, in the same quarter last year.

China rebound, Las Vegas Strip hotels boost MGM results, stock

Record 1Q Adjusted Property EBITDAR for Las Vegas Strip Resorts up 41% YOY; seventh consecutive quarterly record MGM China Adjusted Property EBITDAR of $169 million, 88% recovery vs 1Q19; net revenues up 130% YOY amid strong reopening trends Closed on the sale of the operations of Gold Strike Tunica Received Official Certification of Area Development Plan for Osaka, Japan Repurchased approximately 12 million shares for $487 million during the quarter LeoVegas entered into agreement to acquire majority of digital game developer Push Gaming LAS VEGAS , May 1, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2023. "MGM Resorts is executing across all of its geographies and channels with record first quarter Las Vegas Strip Adjusted Property EBITDAR, consistently strong Regional Operations profit, MGM China's swift return to profitability, and BetMGM's anticipated positive earnings later this year," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts.

MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS

Las Vegas Sands

Melco Resorts and Entertainment

Wynn Resorts

The gambling mecca's gross gaming revenue for the first fourth months of this year was higher than the total for all of 2022.

Casinos Are Still a Good Bet, Surging Macau Data Show

LAS VEGAS , May 1, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced its wholly owned subsidiary, LeoVegas, has entered into an agreement to acquire the majority of game developer Push Gaming Holding Limited and its subsidiaries ("Push Gaming"), and the future operating commitment of the founding management team. Push Gaming is an industry-leading innovative creator of highly entertaining digital games for betting and gaming companies.

MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO ACQUIRE GAME DEVELOPMENT COMPANY PUSH GAMING BY SUBSIDIARY LEOVEGAS

MGM stock climbed above a buy point as the high-ranked gaming industry group basks in Macau's strongest monthly gaming revenue since pre-Covid. The post MGM Stock Near Buy Point, Earnings On Tap; Macau Gaming Soars appeared first on Investor's Business Daily.

MGM Stock Near Buy Point, Earnings On Tap; Macau Gaming Soars

Airbnb

Marriott

The world is open now, so let's look at some of the best travel stocks to buy. The travel and tourism industry has faced an uphill battle in the past few years, grappling with the crippling impact of the coronavirus that brought the world to a standstill in 2020.

The 3 Top Travel Stocks to Buy for May 2023

JERSEY CITY, N.J. , April 28, 2023 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, has been named Casino Operator of the Year at EGR North America Awards 2023.

BetMGM Wins Casino Operator of the Year at EGR North America Awards 2023 For Second Consecutive Year

Transocean

In early regular-session trading on Friday, the Dow Jones industrials were down 0.14%, the S&P 500 down 0.07% and the Nasdaq 0.31% lower.

Earnings Previews: MGM Resorts, NXP Semiconductors, Transocean

MGM Resorts' (MGM) first-quarter 2023 results are likely to benefit from strong contributions from BetMGM, pent-up demand, domestic operations and strategic expansion initiatives.

MGM Resorts (MGM) to Report Q1 Earnings: Here's What to Expect

Validation enforces the company's commitment to bold action for a lower carbon future  LAS VEGAS , April 27, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that the Science Based Targets Initiative (SBTi) – the leading organization for third party guidance and independent validation of climate targets – has approved its climate targets as science-based and in line with the goals of the Paris Agreement. Approved scope 1 and 2 emissions targets were validated as being in line with the 1.5 °C pathway, currently the organization's most ambitious designation.

MGM RESORTS RECEIVES APPROVAL FOR INDUSTRY-LEADING CLIMATE TARGETS

First Solar

Volkswagen AG

Some companies are in rapidly-growing sectors, have powerful brands, with significant moats. Indeed, such companies are often known as blue-chip stocks that will never go out of style.

3 Blue-Chip Stocks That Will Never Go Out of Style

MGM Resorts: Solid Long-Term Growth Drivers Are Very Reassuring

MGM's operations on the Las Vegas Strip grew revenue by 27% in the fourth quarter of 2022. Now that Macao has reopened, MGM China has enjoyed a wave of returning visitors.

3 Reasons I'm Bullish on MGM Resorts Stock

MGM Resorts (MGM) continues to emphasize international expansion to drive growth. The company will develop a resort in Osaka.

MGM Resorts (MGM) Receives Approval to Build Resort in Japan

The Macau reopening is going well, as Macau's March gambling revenue rose 247% year-over-year compared to the expected 205%, as tourists rush back to casinos following the extended lockdown in China. It's the highest number since January 2020.

Macau Casinos Are Hot: Is MGM Resorts The Play?

Brookfield Asset Management

Stanley Black & Decker

Most analysts agree that the Federal Reserve will likely start to cut rates later this year, and buying stocks of companies that benefit from such a rate-cut environment is a good idea. It's hard to say whether or not we are at the terminal rate, but I can confidently say that we are pretty close to it.

3 Stocks to Buy Before the Fed Starts to Cut Interest Rates

Certification paves way for MGM Japan and its joint-venture partner ORIX to finalize development of $10 billion integrated resort in Osaka

MGM RESORTS INTERNATIONAL ANNOUNCES OFFICIAL CERTIFICATION OF ITS AREA DEVELOPMENT PLAN IN OSAKA

The group hopes to complete the resort by 2029 on an artificial island in Osaka.

MGM Group Gets OK to Build Japan's First Casino in $8 Billion Project

LAS VEGAS, April 12, 2023 /PRNewswire/ -- Las Vegas' first community-based farming facility opened in the Historic Westside today, thanks in part to a $500,000 contribution from MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") to the city of Las Vegas via the Mayor's Fund for Las Vegas LIFE. The gift purchased the two growing containers that will produce year-round fresh food and jobs for neighborhood residents.

MGM RESORTS CONTRIBUTION HELPS BRING FRESH PRODUCE TO HISTORIC WESTSIDE RESIDENTS

QUALCOMM

The Russell 1000 index has risen 12% since October. The further it goes, the more likely it is that certain stocks will fail to keep pace.

MGM Resorts, Qualcomm, and More Stocks to Sell Into the Market Rally

DraftKings

Penn Entertainment

As more states legalizing sports betting, and revenge travel heats up, the tourism scene in various gambling locales should improve. From “Sin City” to online gambling stocks, there are plenty of options for growth investors looking to get in on the action, by betting on the house.

News for MGM Resorts Stock (MGM)