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

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

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Earnings data Q4 2021

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Earnings data Q1 2023

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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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Book value per share

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Melco Resorts and Entertainment

Wynn Resorts

Senior Macau casino and junket executives met with authorities in the world's biggest gambling hub on Monday seeking details on proposed regulatory changes but received little in the way of clarity.

Macau casino and junket operators seek clarity over new gambling laws

Roundhill Sports Betting & iGaming ETF

Churchill Downs

Caesars Entertainment

DraftKings

Gan Ltd

Flutter Entertainment PLC

Penn Entertainment

Rush Street Interactive

Sports betting stocks are growing in popularity as the industry expands at a rapid rate. Here are nine gambling names you need to know.

9 Top Sports Betting Stocks to Wager On

Las Vegas Sands

Macao's government could potentially change the rules of the gambling business next year, and it has investors on edge.

Macao Nightmare: What We Know About the Future of Gambling There

The shares of MGM Resorts have gained 2.4% in the past month as opposed to a decline observed by the peers' Las Vegas Sands and Wynn Resorts. The broader casino industry turned bearish in recent weeks after Macau's gaming regulator indicated increased regulatory oversight in its five-year.

Is MGM Resorts Stock A Good Casino Industry Pick?

Cisco Systems

DoorDash

Bank of America

Analyst ratings measure the expected performance of a stock during a given time period.  Traders and investors should know analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.

Analysts Upgraded Bank Of America, MGM, DoorDash And Cisco This Week

Shares of casino operators extended recent sharp selloffs on Thursday, as J.P. Morgan analyst Joseph Greff added some downgrades to the injury of tighter Macau regulations.

The Ratings Game: Casino stocks extend selloff as J.P. Morgan adds downgrades to Macau uncertainty

Shares of MGM Resorts International (NYSE: MGM) lost another 5.0% on Wednesday as Macau opened a 45-day review of its casino industry with expectations of stiffer regulations ahead. Wells Fargo's Politzer sees an over 35% upside in MGM Amidst the sell-off, however, Wells Fargo's Daniel Politzer sees an opportunity to “buy the dip”.

Trader reveals what he did with MGM stock amidst regulatory crackdown in Macau

The risk of doing business in China has increased immeasurably.

Why Macao Casinos Are Tumbling for a Second Straight Day

Casino stocks have taken a big hit this week on fears about regulatory crackdowns in the Macau, China market. However, one Wall Street analyst said now is a great time to step in and selectively buy the dip in gambling stocks with limited exposure to China.

Why MGM Is The Top Casino Pick For Wells Fargo

Stocks like MGM, MLCO, WYNN and LVS are likely to be hurt by tougher Macau casinos rules.

Casino Stocks Fall as China Mulls Tougher Macau Casino Rules

The Macau gambling review will include rules about licenses and a proposal for direct government supervision of casinos.

Casino stocks slide for a 2nd day as China enclave of Macau launches review of gambling industry

Shares of the six biggest casino operators in Macau, the world's biggest gambling hub, dropped 23% after a government notice was issued proposing new, tighter regulations.

Macau Casino Stocks Shed $18 Billion In Value As China Moves To Tighten Gambling Rules

One of the world's top gambling hubs may be staring at a dramatic overhaul — and investors are worried.

Casino stocks crash as Macao considers crackdown on gambling

Early data for the first week of the National Football League season shows a large increase from the prior year with more states having legalized betting in place. What Happened: The 2021 NFL season kicked off with 27 states having legalized online sports betting, according to Action Network.

5 Stocks To Watch For More Upside After Betting On NFL Games Rises 126% In Week 1

Hong Kong-listed casino companies with operations in Macau plunged in Wednesday morning trade, weighed by fears of stricter regulations in the Asian gaming hub.

Hong Kong-listed Macau casino stocks tumble on regulatory worries

Macao is considering more regulations, and initial rules being considered could severely limit the upside for casino stocks.

Why Macao's Casino Stocks Got Crushed Today

Casino stocks are taking a beating on Tuesday and it has to do with negative news out of China concerning the coronavirus. The post Casino Stocks: Why WYNN, LVS, MLCO and MGM Are Taking a Hit Today appeared first on InvestorPlace.

Casino Stocks: Why WYNN, LVS, MLCO and MGM Are Taking a Hit Today

Shares in U.S. casinos with operations in Macau fell on Tuesday, with Las Vegas Sands Corp down 12.3% and Wynn Resorts Ltd down 12.4% on concerns about stiffer regulations there and a COVID-19 outbreak.

U.S. casino stocks fall with jitters over Macau regulations, COVID-19 outbreak

Shares of casino stocks, including MGM Resorts International (NYSE: MGM), are trading lower amid reports of increased government oversight of casinos in Macau. MacauBusiness.com reported: The Macau SAR government announced today (Tuesday) the launch of the public consultation for a revised gaming law that proposes for the current sub-concession system to be removed, for government delegates to be designated to oversee gaming operators and for a new illegal deposit crime to be created.

Why MGM Shares Are Falling

MGM Resorts' (MGM) BetMGM, in collaboration with Everi Digital, unveils custom-themed game Borgata 777 Respin.

MGM Resorts' (MGM) BetMGM Collaborates With Everi Holdings

JPMorgan Chase & Co

MGM Resorts International (MGM) CEO Bill Hornbuckle Presents at JPMorgan Gaming, Lodging, Restaurant & Leisure Management Access Forum (Transcript)

The shares of MGM Resorts International   (NYSE:MGM) are up 1.4% to trade at $42.87 this morning, after the casino giant earned an upgrade from Bernstein to "outperform" from "market perform," as well as a price-target hike to $58.90 from $29.60.

Casino Stock Upgraded on Gaming, Sports Betting Presence

Casino visitation in Macau has increased considerably in the first week of September. However, it is still well below the pre-pandemic level.

Macau Casino Traffic Surges: Is the Worst Over for the Industry?

LAS VEGAS, Sept. 9, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will participate in the J.P.

MGM Resorts International CEO and President to Speak at J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum

JERSEY CITY, N.J., Sept. 9, 2021 /PRNewswire/ -- BetMGM announced today the launch of its industry-leading digital sports betting platform in Arizona.

News for MGM Resorts Stock (MGM)