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

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Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

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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

Caesars Entertainment

DraftKings

Flutter Entertainment PLC

Penn Entertainment

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said there was a “surge” in U.S. online sports betting (OSB) revenue in November. The Numbers: Total digital gross gaming revenue (GGR) in November was up 25% month-over-month and 129% year-over-year to a $665 million annual run-rate, Kelley said Tuesday.

Analyst Reports 'Surge' In Online Sports Betting

TACOMA, Wash. , Dec. 21, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and Emerald Queen Casino (EQC) announced today that legalized sports betting is now live in Washington at the BetMGM Sportsbook @ EQC.

BetMGM Launches Retail Sports Betting in Washington with the Puyallup Tribe of Indians at Emerald Queen Casino

JERSEY CITY, N.J., Dec. 20, 2021 /PRNewswire/ -- BetMGM announced today the launch of the BetMGM Horse Racing mobile app in Florida and Louisiana.

BetMGM Horse Racing Mobile App Launches in Florida and Louisiana

VanEck Vectors Gaming ETF

Investors may want to start rolling the dice on these battered casino stocks again, as the industry begins to show strong signs of life. The post 3 Top Casino Stocks That Could Make a Comeback in 2022 appeared first on InvestorPlace.

3 Top Casino Stocks That Could Make a Comeback in 2022

American Airlines

Carnival

Choice Hotels Int.

Delta Air Lines

Hyatt Hotels

Hilton Worldwide Holdings

InterContinental Hotels Group

JetBlue Airways

Southwest Airlines

Marriott

Norwegian Cruise Line

Park Hotels & Resorts

Royal Caribbean Cruises

Red Lion Hotels

Extended Stay America

United Continental Hlds

Marriott Vacations Worldwide

Wyndham Hotels & Resorts Inc

Wyndham Destinations Inc

Travel and leisure stocks, pounded by fears of Covid-19 for nearly two years, may not fare much better in the first part of 2022.

For Travel Stocks, the Flight Has Been Delayed—Again

MGM Resorts' (MGM) BetMGM launches Borgata Bingo online in New Jersey. BetMGM is a major casino operator in New Jersey.

MGM Resorts' (MGM) BetMGM Unveils Borgata Bingo in New Jersey

JERSEY CITY, N.J., Dec. 15, 2021 /PRNewswire/ -- BetMGM announced today the launch of Borgata Bingo online in New Jersey.

BetMGM Launches Borgata Bingo in New Jersey

MGM Resorts International (NYSE: MGM) recently announced an agreement to sell the operations of The Mirage Hotel & Casino to Hard Rock for $1.075 billion. These are the details.

MGM Resorts (MGM) Selling The Mirage Hotel & Casino To Hard Rock For $1.075 Billion

The deal comes as Wall Street is wary about Macau for political reasons.

MGM's Sale of Mirage for a Rich Price Highlights Vegas Appeal

MGM Resorts (MGM) to sell the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion in cash.

MGM Resorts (MGM) to Sell Mirage Hotel & Casino to Hard Rock

MGM Resorts International (NYSE: MGM) has reached an agreement to sell the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion in cash. The Mirage, acquired by MGM Resorts in 2000, is located at the heart of the Las Vegas Strip.

MGM Resorts To Sell The Mirage Hotel & Casino To Hard Rock For $1.07B

MGM Resorts says it expects to net $815 million after taxes and fees from the sale, which is expected to close in the second half of 2022.

MGM Resorts Sells Mirage Hotel to Hard Rock for $1.08 Billion

MGM Resorts International announced Monday that it's selling the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion.

MGM is selling operations of The Mirage to Hard Rock for more than $1 billion

A volcanic change is coming to the Strip. MGM Resorts International said Monday that it will sell the operations of the Mirage hotel and casino in Las Vegas — home of the 90-foot erupting volcano — to Hard Rock International for roughly $1.08 billion. The all-cash deal is expected to close later next year. MGM Resorts...

MGM Resorts Selling The Mirage In Las Vegas For $1.08 Billion

(Reuters) -MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash.

MGM Resorts to sell Mirage hotel and casino for $1.08 billion to Hard Rock

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 The Mirage Hotel & Casino (the “Mirage”), located in Las Vegas, NV, to Hard Rock International (“Hard Rock”), VICI has agreed to enter into a new separate lease with Hard Rock related to the operations of the Mirage (the “Mirage Lease”) and also enter in

VICI Properties Inc. Enters Into Agreements Relating to the Mirage Hotel & Casino in Las Vegas

LAS VEGAS, Dec. 13, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts" or the "Company") (NYSE: MGM) today announced it has reached an agreement to sell the operations of The Mirage Hotel & Casino ("The Mirage") to Hard Rock International ("Hard Rock") for $1.075 billion in cash, subject to customary working capital adjustments. "This transaction is a significant milestone for MGM Resorts, and for Las Vegas," said Bill Hornbuckle, CEO & President, MGM Resorts International.

MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO SELL OPERATIONS OF THE MIRAGE FOR $1.075 BILLION

NATIONAL HARBOR, Md., Dec. 9, 2021 /PRNewswire/ -- MGM Resorts International and BetMGM announced today that legalized sports betting is now low live at MGM National Harbor in Maryland.

Retail Sports Betting Now Live At MGM National Harbor In Maryland

Shares of online gambling stocks have tanked in the past two months, and Bank of America analyst Shaun Kelley recently took a closer look at the group to try to determine what has gone wrong in the digital gambling market. MGM Resorts International (NYSE:MGM), Draftkings Inc (NYSE:DKNG) and Flutter Entertainment PLC (OTC:PDYPF) are the three national market share leaders in iGaming, according to Bank of America.

What's Driving The Sell-Off In Online Gaming Stocks?

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

MGM (MGM) Down 13% Since Last Earnings Report: Can It Rebound?

Sabre

Fear of the omicron variant isn't as high as it was just a few days ago.

Why Travel and Leisure Stocks Jumped on Thursday

With prominent sports betting applications including BetMGM, FanDuel, Barstool, and Draft Kings targeting a 15-20% share of the U.S. sports betting and iGaming market, high competitive rivalry is likely to trim industry margins. Thus, the shares of MGM Resorts (NYSE: MGM), Flutter Entertainment.

Why MGM Resorts Stock Looks Fairly Priced

A hot market today has helped MGM Resorts stock move higher.

Why MGM Resorts Stock Jumped 5.7% Today

American Eagle Outfitters

Groupon

Investors are worried about the spread of a new coronavirus variant, and this trio of stocks could be particularly hard hit if it's bad.

Why American Eagle Outfitters, Groupon, and MGM Resorts International All Fell Sharply Today

Las Vegas Sands

Wynn Resorts

So much for the house always winning. Casino stocks have had a brutal year.

News for MGM Resorts Stock (MGM)