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

Profit Margin

Margins

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

General and administrative

Corporate expense

Depreciation and amortization

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

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

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

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Wynn Resorts

Wynn Resorts and MGM Resorts generated the majority of their pre-COVID revenues from Macau and the US, respectively. WYNN boasts lower forward FY 2024 and FY 2025 EV/EBITDA multiples as compared to MGM, and its expected revenue and EBITDA growth rates over the next few years are faster.

MGM Resorts Vs. Wynn Resorts Stock: Which Is The Better Buy?

Online gaming stocks have taken a big hit in recent months, and Bank of America analyst Shaun Kelley said Monday that the U.S. online sports betting market had a surprisingly weak month in December. Kelley said December online sports betting (OSB) gross gaming revenue (GGR) came in at an annual run rate of just $180 million, down 45% month-over-month.

MGM Gaining Ground On DraftKings, FanDuel In Online Sports Betting; Sector Reports Weak December Numbers

Caesars Entertainment

DraftKings

The U.K. has one of the most developed and active gambling markets in the world. The market has developed and grown over many decades, and several world-leading companies have emerged in the process.

An Overlooked Opportunity in the Betting Market

MGM Resorts (MGM)and Entain Plc's joint venture, BetMGM, expects net revenues from operations to be more than $1.3 billion in 2022.

MGM Resorts' (MGM) BetMGM Announces Business Update

Choice Hotels Int.

Live Nation

Six Flags

Thor Industries

Vista Outdoor

Winnebago

These entertainment stocks are set to deliver growth in 2022 and beyond as consumers unleash pent up demand. The post 7 Entertainment Stocks You'll Want on Your Shortlist appeared first on InvestorPlace.

7 Entertainment Stocks You'll Want on Your Shortlist

MGM Resorts International and U.K.-based Entain PLC GMVHY, joint owners of sports betting and iGaming operator BetMGM, said Wednesday they expect to invest another $450 million in BetMGM in 2022. That will bring the combined investment to $1.1 billion since BetMGM was launched in 2018.

MGM Resorts, Entain to boost investment in BetMGM by $450 million in 2022, after 2021 revenue topped projections

MGM Resorts' (MGM) BetMGM continues to strengthen its sports betting presence. The company receives approval for online operations from the New York Gaming Commission.

MGM Resorts (MGM) BetMGM Boosts Online Offerings in New York

Las Vegas Sands

Melco Resorts and Entertainment

New licensing rules may not be as harmful as feared for casino operators.

Why Macao's Casino Stocks Jumped on Friday

Casino stocks are rising on Friday following an update on regulations in Macau from the Chinese government concerning licenses. The post Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Today appeared first on InvestorPlace.

Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Today

LAS VEGAS, Jan. 14, 2022 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update before the market opens on Wednesday, January 19, 2022 at approximately 8:30 a.m. Eastern Time.

MGM RESORTS AND ENTAIN ANNOUNCE BETMGM UPDATE RELEASE DATE

JERSEY CITY, N.J. , Jan. 14, 2022 /PRNewswire/ -- BetMGM today announced that the company will launch its online sportsbook in New York on Monday, Jan. 17.

BETMGM TO LAUNCH MOBILE SPORTS BETTING IN NEW YORK MONDAY, JANUARY 17

AMC Entertainment

Carnival

Omicron is pulling these stocks down today.

Why Travel and Entertainment Stocks Dropped on Monday

The shares of MGM Resorts have gained $6.5 billion in market capitalization over February 2020 levels assisted by its sports betting application BetMGM and a possibility of a favorable regulatory outcome in Macau. The shares of Penn National Gaming have gained $2.1 billion in market capitalization.

Speculating On MGM Resorts? This Stock Could Provide Better Gains

The pandemic remains a wild card, but Wall Street analysts think the casino operator can add to 2021's gains, thanks to its Vegas presence and digital business.

MGM's Winning Streak Doesn't Have to End. Here's Why.

Comcast

Disney

Drive Shack

Coppersteel Holdco Inc

SeaWorld Entertainment

With the Covid-19 crisis likely to fade at some point, risk-tolerant investors may consider entertainment stocks to buy. The post 7 Entertainment Stocks to Buy as Americans Push for a Full Reopening appeared first on InvestorPlace.

7 Entertainment Stocks to Buy as Americans Push for a Full Reopening

MGM Resorts (MGM) reimagines its loyalty rewards program, thereby unlocking earning and redemption options for both gaming and non-gaming guests alike.

MGM Resorts (MGM) Reimagines Loyalty Program, Boosts Offerings

LAS VEGAS , Jan. 6, 2022 /PRNewswire/ -- MGM Resorts is rolling out its reimagined loyalty rewards program, MGM Rewards, on February 1, unlocking unprecedented access for both gaming and non-gaming guests to the Company's 20+ premier destinations across the country, offering more ways to earn and a host of exciting new benefits.   For the first time, non-gaming customers will join their gaming counterparts and have the benefit of earning a currency - MGM Rewards Points - redeemable for complimentary food and beverage, entertainment, hotel stays and more.

MGM RESORTS REIMAGINES LOYALTY REWARDS PROGRAM WITH NEW NAME, NEW WAYS TO EARN FOR BOTH GAMING AND NON-GAMING SPEND AND ENHANCED GUEST EXPERIENCES

MGM's future by its own stated goals is to be "asset light." A strong digital future already is in progress.

MGM: The Case For A Renewed Offer For Entain Never Made More Sense For Investors

LAS VEGAS, Jan. 4, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the fourth quarter and full year 2021 after the market closes on Wednesday, February 9, 2022. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM RESORTS INTERNATIONAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 EARNINGS RELEASE DATE

Boyd Gaming

Churchill Downs

Hall of Fame Resort & Entertainment

Flutter Entertainment PLC

Penn Entertainment

Rush Street Interactive

Another state legalized sports betting and it could be one of the largest markets nationwide. Here's a look at what legalization for Ohio looks like and what companies could benefit from the recently passed legislation.

9 Stocks To Watch For Ohio's Sports Betting Market, Which Could Hit $12 Billion

MGM's Las Vegas fortress will resume recovery as Omicron variant begins to wane late this winter. The company's regional properties are already ramping recovery. Macau exposure relatively low to peers, but it too is ready to re-fire recovery.

MGM Resorts: Sentiment Will Turn Highly Positive With All Cylinders Firing By Q2 2022

MGM Resorts' (MGM) BetMGM and Emerald Queen Casino (EQC) announce that sports betting is now live in Washington at the BetMGM Sportsbook EQC.

MGM Resorts (MGM) BetMGM Launches Sports Betting in Washington

The Mirage defined more than a generation of resorts on the Las Vegas Strip and now it's finding a new owner.

Why MGM Resorts Is Selling a Las Vegas Icon

Ashford Hospitality Trust

Booking Hlds

Expedia

Marriott

Trip.com

The market is bullish on travel and entertainment despite the rise of omicron.

Why Travel and Entertainment Stocks Bounced Higher on Tuesday

MGM Resorts' (MGM) BetMGM continues to expand its presence. The company announces the launch of the BetMGM Horse Racing mobile app in Florida and Louisiana.

News for MGM Resorts Stock (MGM)