Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Entertainment, retail and other

Reimbursed costs

Revenue Segments

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

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Margins

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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Income from unconsolidated affiliates

Property transactions, net

Preopening and start-up expenses

Gain on REIT transactions, net

Gain on consolidation of CityCenter, net

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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

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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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Net change in cash

Free cash flow

Wynn Resorts

Here are two resort stocks to check out in the stock market this month.

2 Resort Stocks For Your March 2023 Watchlist

LAS VEGAS , March 1, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM)("MGM Resorts" or the "Company") today appointed award-winning producer and director Ben Winston to the Company's Board of Directors. Winston becomes the 12th member of the board.

MGM RESORTS WELCOMES EMMY-WINNING TELEVISION PRODUCER AND DIRECTOR BEN WINSTON TO BOARD OF DIRECTORS

Agreement with British Columbia Lottery Corporation coincides with beginning of Problem Gambling Awareness Month LAS VEGAS , March 1, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM announced today a five-year contract extension with the British Columbia Lottery Corporation (BCLC) and its industry-leading responsible gaming program, GameSense. The program, which BCLC first licensed to MGM Resorts in 2017, enhances MGM Resorts' and BetMGM's guest and customer service models by focusing on positive, transparent and supportive conversations with players about how to gamble responsibly.

MGM RESORTS & BETMGM STRENGTHEN RESPONSIBLE GAMING COMMITMENT WITH 5-YEAR GAMESENSE EXTENSION

Everi

LAS VEGAS , Feb. 28, 2023 /PRNewswire/ -- MGM Resorts International and  BetMGM , a leading sports betting and iGaming operator, have launched MGM Riches, the companies' first custom slot experience that can be played both online via BetMGM and as a traditional slot game at MGM Resorts properties throughout the U.S. Developed in collaboration with Everi Holdings, Inc. (NYSE: EVRI), MGM Riches is a multi-denomination, multi-level progressive slot game offering players two themes – 'MGM Riches Triple Ruby' and 'MGM Riches 5x Sapphire.' Gameplay is consistent whether in-person at 15 MGM Resorts destinations across the country or online via BetMGM's iCasino platform in Michigan, New Jersey and Pennsylvania.

MGM Resorts International and BetMGM Introduce "MGM Riches," Their First Custom Omnichannel Slot Experience in U.S.

Mario Carbone, David Chang, Michael Mina, Masaharu Morimoto , Bryan & Michael Voltaggio and Jean-Georges Vongerichten to Deliver All-Star Culinary Experience for Club Guests Bellagio Grandstands Packages Sold Out LAS VEGAS , Feb. 28, 2023 /PRNewswire/ -- Tickets are now on sale for MGM Resorts International's luxury Bellagio Fountain Club, the Company's premier viewing experience for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX, November 16-18, 2023. Perched above the Las Vegas Strip Circuit™, the exclusive Bellagio Fountain Club will provide unrivaled track and fountain views; meet and greets with F1 ambassadors; unlimited food & beverage by celebrated chefs, master mixologists and sommeliers; and access to the Club's private indoor and rooftop hospitality decks.

LUXURY BELLAGIO FOUNTAIN CLUB REVEALED FOR FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2023; PACKAGES NOW AVAILABLE

MGM Resorts International (NYSE: MGM) has already returned nearly 30% since the start of the year but a Barclays analyst is convinced the rally is from done just yet. MGM stock could climb to $59 Brandt Montour assumed coverage of the hospitality and entertainment company this morning with an “overweight” rating.

MGM stock price forecast: Barclays sees another 40% upside

Crocs

Freeport-McMoRan

Since the pandemic, retail investors have accounted for a much larger percentage of stock purchases than before that era, but institutional investors still dominate the stock market. Providing evidence of that assertion, in 2021, JPMorgan found that “institutional investors account for around 90% of the daily trading volume on the Russell 3000 index, which is the broadest major U.S. stock index,” Seeking Alpha reported.

3 Surging Stocks That the Big Money Loves

Innovative GameSense program to be featured prominently JERSEY CITY, N.J. , Feb. 24, 2023 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today a new pledge to prominently feature responsible gaming messages in its marketing and advertising campaigns beginning March 1, in alignment with the start of Problem Gambling Awareness Month.

BetMGM Announces New Pledge to Promote Responsible Gaming in Advertising

Alibaba

Black Knight

Coherent Corp

JD.com

SkyWest

Wolverine World Wide

Michael Burry, the famed investor covered in Michael Lewis' book, “The Big Short,” and portrayed by Christian Bale in a 2015 movie of the same name, released the fourth-quarter 2022 equity portfolio for Scion Asset Management earlier this month.

Michael Burry's Top Buys of the 4th Quarter

Las Vegas Sands

Better Buy: MGM Resorts vs. Las Vegas Sands

MGM Resorts CEO: Historic western drought crisis, effects of climate change are making bold commitments more critical than ever LAS VEGAS , Feb. 21, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it endorsed the United Nations' CEO Water Mandate – a global initiative and coalition of hundreds of major companies making bold commitments to address water crises and challenges. MGM Resorts is the first gaming company to endorse the mandate.

MGM RESORTS BECOMES FIRST GAMING COMPANY TO SIGN UNITED NATIONS' CEO WATER MANDATE

With China back in the equation, the company anticipates "tremendous" growth opportunities.

Why MGM Resorts Stock Is a No-Brainer Buy Right Now

Airbnb

Hyatt Hotels

The travel industry has been one of the most challenging sectors to invest in for the past few years, as COVID-19 was such a gut shot to the industry. Travel volume went to near-zero virtually overnight, and it still hasn't fully recovered.

3 Travel Stocks Unfazed By Recession Fears

Vici Properties

TUNICA, Miss. , Feb. 16, 2023 /PRNewswire/ -- CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses, officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission.

Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort

World class games arriving first at BetMGM online casino LAS VEGAS , Feb. 16, 2023 /PRNewswire/ -- Anaxi, Aristocrat's online Real Money Gaming business, announced today a strategic partnership with BetMGM, a leading iGaming and sports betting operator. World class gaming content from Aristocrat will first be available via BetMGM online casino.

Anaxi Announces Strategic Partnership with BetMGM to Deliver Aristocrat Content to North American iGaming Markets

LAS VEGAS , Feb. 15, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it has closed on the sale of the operations of Gold Strike Tunica ("Gold Strike") to CNE Gaming Holdings, L.L.C., a subsidiary of Cherokee Nation Businesses, for $450 million in cash.

MGM RESORTS INTERNATIONAL ANNOUNCES COMPLETION OF THE SALE OF THE OPERATIONS OF GOLD STRIKE TUNICA

GEO Group

Qurate Retail Inc

On Jan. 31, hedge fund manager Michael Burry tweeted out a single word that conveyed an ominous and cryptic message: “Sell.” Shortly after, the Scion Asset Management founder deleted his tweet.

8 Stocks Michael Burry Was Betting on Before Cryptic ‘Sell' Warning

Hedge fund legend Michael Burry rose to prominence after making more than $100 million by correctly predicting the subprime mortgage crisis in 2007. In this article, Andrew Rocco will unveil Burry's latest purchases.

3 of "The Big Short's" New Purchases

Burry's Scion Asset Management swapped out all but two of the holdings in its US stock portfolio, and grew its total number of positions to nine.

'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com

Booking Hlds

Fortinet

General Motors

Illumina

ServiceNow

PayPal

When looking for stocks to buy and hold for the next 20 years, it's essential to find ones with economic moat. After all, when it comes to picking stocks, they should strong competitive advantages that are in durable sectors.

7 Stocks to Buy and Hold for the Next 20 Years

Churchill Downs

Chipotle

DraftKings

Molson Coors Brewing

Plus, a look at the business of gambling.

Restaurant Investors Might Have Something New on the Menu

Anheuser-Busch InBev

Caesars Entertainment

Domino's Pizza

Coca-Cola

Papa John's

Wingstop

Super Bowl LVII is this Sunday, with the Kansas City Chiefs and the Philadelphia Eagles vying for the championship.

Should You Invest in Super Bowl Weekend?

MGM Resorts' (MGM) fourth-quarter top line benefits from increased business volume and travel activity, primarily at the Las Vegas Strip Resorts and Regional Operations.

MGM Resorts' (MGM) Q4 Earnings And Revenues Beat Estimates

MGM Resorts International (NYSE:MGM) bested revenue expectations for the fourth quarter, despite worse-than-anticipated losses.

News for MGM Resorts Stock (MGM)