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

Gross Margin

Operating Margin

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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

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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 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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Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

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Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

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Cash from other sources

Net change in cash

Free cash flow

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MGM Resorts' (MGM) BetMGM launches sports betting and iGaming platform in Ontario. With this, the company expands BetMGM's mobile and online product offerings to 23 states.

MGM Resorts' (MGM) BetMGM Unveils Online Offerings in Ontario

LAS VEGAS , April 5, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the first quarter 2022 after the market closes on Monday, May 2, 2022. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces First Quarter 2022 Earnings Release Date

Launch marks first international expansion for leading gaming operator JERSEY CITY, N.J. , April 4, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today the launch of its online sports betting and iGaming platforms in Ontario, Canada.

BETMGM LAUNCHES ONLINE SPORTS BETTING AND IGAMING IN ONTARIO

First female Gold Glove winner joins sports betting leader  JERSEY CITY, N.J. , March 31, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, announced today the signing of AJ Andrews, Major League Baseball Network (MLBN) personality and the first female to win the Rawlings Gold Glove Award, as the company's newest brand ambassador and content creator.

BETMGM SIGNS SOFTBALL SUPERSTAR AJ ANDREWS AS BRAND AMBASSADOR

LAS VEGAS , March 29, 2022 /PRNewswire/ -- BetMGM LLC ("BetMGM"), a leading sports betting and iGaming operator, will host a business update event for analysts and investors on Thursday, May 12, 2022 at 11 a.m. EDT (8 a.m.

BETMGM TO HOLD BUSINESS UPDATE EVENT

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Despite macroeconomic headwinds from the Russia-Ukraine war and skyrocketing inflation, the shares of MGM Resorts (NYSE: MGM) declined by just 12% since early February.

Buy The Dip In MGM Resorts Stock?

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MGM Resorts (MGM) focuses on loyalty program offerings to drive growth. However, a decline in traffic from pre-pandemic levels is a concern.

MGM Resorts (MGM) Banks on Sport Betting, Traffic Woes Stay

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JERSEY CITY, N.J. , March 7, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, launched its mobile app in Illinois over the weekend.

BETMGM LAUNCHES MOBILE SPORTS BETTING IN ILLINOIS

LAS VEGAS, March 4, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Monday, March 7, 2022.

MGM RESORTS INTERNATIONAL CFO TO SPEAK AT J.P. MORGAN GAMING, LODGING, RESTAURANT AND LEISURE MANAGEMENT ACCESS FORUM

JERSEY CITY, N.J., March 4, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today the signing of Connor McDavid, the National Hockey League's reigning MVP, as its newest brand ambassador.

BETMGM SIGNS EDMONTON OILERS CAPTAIN CONNOR MCDAVID AS BRAND AMBASSADOR

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MGM Resorts International MGM, +4.32% late Wednesday said that its board of directors has authorized a new $2 billion share buyback program, saying that it believes there's "tremendous value" in its stock at current level. The company has $524.6 million remaining under a previous authorization, and it plans to use its remaining capacity before starting buybacks under the newly approved plan, it said.

MGM Resorts board OKs $2 billion share buyback program

LAS VEGAS, March 2, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that its Board of Directors has authorized a new $2.0 billion share repurchase program.  "We remain committed to our capital allocation strategy and continue to believe that returning cash to shareholders is a highly productive use of our capital," said Jonathan Halkyard, CFO of MGM Resorts.

MGM RESORTS INTERNATIONAL ANNOUNCES NEW $2.0 BILLION SHARE REPURCHASE PROGRAM

LAS VEGAS , March 1, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM today announced the next evolution of their responsible gaming initiative providing the gaming industry's most comprehensive tools for both in-person and online gaming to help players make responsible, informed decisions. The announcement comes as MGM Resorts and BetMGM join the National Council on Problem Gambling in promoting Problem Gambling Awareness Month throughout March.

MGM RESORTS AND BETMGM STRENGTHEN UNIFIED COMMITMENT TO RESPONSIBLE GAMING

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JERSEY CITY, N.J. , Feb. 17, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and SportsGrid, the nation's first and only 24-hour sports wagering streaming network, announced today a strategic partnership concentrating on integrating BetMGM content across SportsGrid's original, live programming.

BetMGM and SportsGrid Announce Strategic Partnership

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News for MGM Resorts Stock (MGM)