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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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

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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MGM Resorts (MGM) and Entain Plc's joint venture BetMGM will become the exclusive sportsbook of the BetQL Network.

MGM Resorts' (MGM) BetMGM Expands Partnership With BetQL Network

Audacy

PHILADELPHIA--(BUSINESS WIRE)--BetMGM will become the exclusive sportsbook of the BetQL Network, Audacy's network of sports betting content heard across its broadcast portfolio and digital platforms. The partnership (The BetQL Network presented by BetMGM) is an exclusive multi-year agreement that significantly expands the current relationship between BetMGM and Audacy. Since its launch in June 2021, the BetQL Network has expanded from two markets to 31 markets and has seen steady growth in podc

BetMGM Expands BetQL Network Relationship as the Presenting Sportsbook Partner

Caesars Entertainment

ATLANTIC CITY, N.J.--(BUSINESS WIRE)--UNITE HERE Projection: $1 Million Dollar Daily Losses Possible for Caesars Entertainment and MGM Resorts International if Atlantic City Strike Occurs

UNITE HERE Estimates $1 Million Dollar Losses per Day Possible for Both Caesars Entertainment and MGM Resorts International if Atlantic City Strike Occurs

AppLovin Corp

Broadcom

International Game Technology

Instructure Holdings

ironSource Ltd

Mastercard

Madison Square Garden Sports

NEOGAMES

ServiceNow

Penn Entertainment

Planet Fitness

Atlassian

Trade Desk

Visa

VMware

Amid a more precarious economic backdrop, analysts at Macquarie think that stocks including Visa Inc., Planet Fitness Inc., Trade Desk Inc., and lotto operator International Game Technology PLC could demonstrate “fundamental resiliency.”

These 16 stocks could show ‘fundamental resiliency' in tough times

Wheel of Fortune Casino to debut in New Jersey this year JERSEY CITY, N.J. , June 21, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an agreement with Sony Pictures Television and International Game Technology PLC ("IGT") (NYSE: IGT) to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America.

BetMGM Announces Agreement with Sony Pictures Television, IGT to Launch Online Wheel of Fortune Casino

MGM Resorts (MGM) and Entain Plc's joint venture ??? BetMGM?

MGM Resorts' (MGM) BetMGM Partners Carnival for Sport Betting

MGM Resorts International (NYSE:MGM ) Jefferies Global Consumer Conference Call June 20, 2022 8:00 AM ET Company Participants Jonathan Halkyard - Chief Financial Officer Conference Call Participants David Katz - Jefferies David Katz Good day everyone, and thanks for joining us. I'm David Katz, Gaming Lodging and Leisure Analyst with Jefferies, and the next discussion that we're having today is with MGM Resorts and Chief Financial Officer, Jonathan Halkyard.

MGM Resorts International's (MGM) Management Presents at Jefferies Global Consumer Conference (Transcript)

Carnival

The fast-growing legal sports betting industry is extending its reach to the middle of the ocean.

Cruise ships adding sports betting options for passengers

Bally's

Red Rock Resorts

Casino stocks have underperformed the S&P 500 as consumers grapple with the highest inflation rates since the early 1980s.

Casino stocks are taking a hit as consumers struggle with inflation and recession fears

LAS VEGAS , June 17, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the Jefferies Global Consumer Conference on Monday, June 20, 2022. MGM Resorts CFO Jonathan Halkyard will speak in a session that will be available at 8 a.m.

MGM RESORTS INTERNATIONAL CFO TO SPEAK AT JEFFERIES GLOBAL CONSUMER CONFERENCE

All gaming sector stocks are still beaten down due to the pandemic collateral damage from labor shortages, gas prices and inflation. At its current price, MGM poses a rare opportunity to not only enter if you don't own, but price average if you are out of the money to any degree.

MGM: The Bear Dip In Progress Has Put MGM In Bargain Range At $27

Ngm Biopharmaceuticals Inc

Although the Dow Jones dropped around 875 points on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain.

Executives Buy Over $15M Of 3 Stocks

Booking Hlds

Marriott

Inflation and interest rates and inverted yield curves -- oh my!

Why Travel and Leisure Stocks Sank on Monday

Investors reacted sharply to news of the company's latest asset sale.

Why MGM Stock Got Rocked Today

MGM Resorts (MGM) reaches an agreement with Cherokee Nation Entertainment Gaming Holdings, LLC to sell its operations of Gold Strike Tunica.

MGM Resorts (MGM) to Divest Gold Strike Tunica Operations

Vici Properties

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI” or the “Company”) announced today that, in connection with MGM Resorts International's (“MGM Resorts”) (NYSE: MGM) agreement to sell the operations of Gold Strike Casino Resort (“Gold Strike”), located in Tunica, MS, to Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses (“CNB”), VICI has agreed to enter into a new separate lease with CNB related to the operations

VICI Properties Inc. Enters Into Agreements Relating to Gold Strike Casino Resort in Tunica, MS

Purchase price represents an approximate 11 times multiple on average Adjusted Property EBITDA from 2019-2021 LAS VEGAS , June 9, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached an agreement to sell the operations of Gold Strike Tunica ("Gold Strike") to Cherokee Nation Entertainment Gaming Holdings, LLC ("CNE"), a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. "I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International.

MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO SELL OPERATIONS OF GOLD STRIKE TUNICA FOR $450 MILLION

Jonas Family's Personal History Presents New Era of Destination Dining on The Strip LAS VEGAS , June 6, 2022 /PRNewswire/ -- Nellie's Southern Kitchen , a Jonas family experience honoring their matriarch's timeless recipes, has officially opened the doors to its first West Coast location at MGM Grand in Las Vegas. Helmed by Denise and Kevin Jonas, Sr. – the parents of Kevin II, Joe and Nick (the Jonas Brothers) and Franklin – in partnership with TLI Bedrock LLC, Nellie's welcomes guests to a seat at the Jonas family table with nightly live music, generous hospitality and timeless Southern comfort food.

NOW OPEN: NELLIE'S SOUTHERN KITCHEN DEBUTS AT MGM GRAND IN LAS VEGAS

MGM (MGM) reported earnings 30 days ago. What's next for the stock?

MGM (MGM) Down 14.4% Since Last Earnings Report: Can It Rebound?

MGM initiates robust M&A activity that enhances both its physical and online commercial operations. Expert assessments on the North American Monkeypox outbreak reassure uninterrupted operations of MGM.

MGM Resorts: Time To Risk On Ahead Of Macau's Recovery

Accel Entertainment

Las Vegas Sands

Robust demand for online betting bodes well for the Gaming industry. Stocks like LVS, MGM and ACEL are benefiting from improving industry trends.

3 Gaming Stocks to Watch Out For Despite Industry Woes

IAC/InterActiveCorp

MGM Resorts: IAC's Barry Diller Licensed In Nevada In Clear Swerve To Bigger Online Deals Ahead

LAS VEGAS , May 17, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "company") today announced the closing of its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion. With the closing of the transaction, The Cosmopolitan of Las Vegas officially joins MGM Resorts' roster of iconic brands along the Las Vegas Strip.

MGM RESORTS INTERNATIONAL ANNOUNCES COMPLETION OF ACQUISITION OF THE OPERATIONS OF THE COSMOPOLITAN OF LAS VEGAS

MGM Resorts' (MGM) BetMGM on Track to Achieve Its Target

Established market leader; revenue and profitability outlook reiterated LAS VEGAS , May 12, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming operator, is holding a virtual business update today for analysts and investors. The event will provide insights into the rapidly growing North American sports betting and iGaming marketplace, the ongoing operations of BetMGM, and how the deep integration of BetMGM's world-class assets are driving competitive advantages.

News for MGM Resorts Stock (MGM)