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

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

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Book value per share

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Free cash flow

After surpassing pre-Covid levels in June, the shares of MGM Resorts have observed a slight correction due to continued weakness in Macau, resurgence of infections in the U.S., and a broader downtrend in sports betting stocks. The company's long-term focus is on expanding its presence in Asia and.

Pandemic Blues Weighing On MGM Resorts Stock

MGM Resorts International's (NYSE: MGM) sports betting company  BetMGM has partnered with a digital-first news network, Cheddar News, to launch Cheddar Bets. Cheddar Bets is a weekly program offering an exploration of the intersection of sports betting and financial markets.

BetMGM Partners With Cheddar News To Launch New Show

MGM Resorts' (MGM) second-quarter performance is likely to have benefited from improving visitation in the Las Vegas market, long-term prospects of Macau business and demand for online sports betting.

Will MGM Resorts (MGM) Surpass Estimates This Earnings Season?

JERSEY CITY, N.J., Aug. 2, 2021 /PRNewswire/ -- Leading sports betting operator BetMGM is partnering with digital-first news network Cheddar News to launch Cheddar Bets, a weekly program offering a first-of-its-kind exploration of the intersection of sports betting and financial markets.

BetMGM Partners with Cheddar News to Launch Sports Betting Business Show

MGM Resorts' betting platform has big plans for the future.

Is BetMGM Now a Bigger Sportsbook Than DraftKings?

JERSEY CITY, N.J., July 28, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, announced today the signing of former National Football League (NFL) running back Marshawn Lynch as a brand ambassador.

Football Legend Marshawn Lynch Named BetMGM Brand Ambassador

Asset sales in Las Vegas could increase MGM's risk for investors.

MGM Resorts Is Betting Big on Las Vegas

U.S. Casino operator MGM Resorts International and partner Orix Corp have submitted a proposal to build their first casino resort in Japan, the financial services group said on Wednesday.

MGM resorts, Orix submit proposal to build first casino in Japan

Norwegian Cruise Line

Royal Caribbean Cruises

Investors got spooked yesterday, but they got brave again today for no obvious reason.

Why MGM, Norwegian Cruise, and Royal Caribbean Stocks Bounced Back Today

Marriott

Six Flags

Why Travel and Entertainment Shares Plunged on Monday

DraftKings

Esports Entertainment Group

A reopened economy means more betting options these four stocks can capitalize on.

4 Best Gambling Stocks to Watch in July

MGM Resorts' (MGM) BetMGM, in collaboration with Inspired Entertainment, unveils V-Play Plug & Play solution in New Jersey.

MGM Resorts' (MGM) BetMGM Boosts Online Offerings in New Jersey

Apollo Global Management

Las Vegas Sands

Vici Properties

Wynn Resorts

U.S. gambling markets are looking much more attractive at the moment.

Did This Casino's Big Bet on Asia Just Go Bust?

American Airlines

Airbnb

Caesars Entertainment

OneSpaWorld Holdings Limited

Yet, with millions in the U.S. not vaccinated, and uncertainty over the effectiveness of the current vaccines against this variant? Travel stocks, still priced based on "pent up demand," and a fast "return to normal," may be in for big declines in the second half of 2021.

7 Travel Stocks to Sell if the Delta Variant Slows the Reopening Rally

Avis Budget Group

After running up amid vaccine and reopening hopes, shares in companies from casinos to cruise operators to hotels have all moved sideways or lower since February

For Travel and Leisure Stocks, This Summer Has Been No Vacation. Here's Why.

MGM Resorts (MGM) is focused on its asset-light strategy as well as utilizing the proceeds from its real estate transactions to enhance financial flexibility and secure new growth opportunities.

MGM Resorts (MGM) Boosts Financial Strength With 2 New Deals

Cirque du Soleil, Bruno Mars, Dave Chappelle among the A-list entertainment reappearing on The Strip this July LAS VEGAS, July 2, 2021 /PRNewswire/ -- MGM Resorts International , a global leader in live entertainment and sports, is kick-starting Las Vegas' return to the Entertainment Capital of the World, bringing back the industry's biggest names this month with the likes of "O" by Cirque du Soleil, Bruno Mars, Dave Chappelle, Conor McGregor and others. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8917051-las-vegas-biggest-acts-return-stage-mgm-resorts/ Last night, one of the world's best-selling theatrical productions of all time - "O" by Cirque du Soleil, which has been enjoyed by more than 17 million people from around the globe - celebrated its first performance in 16 months at Bellagio in front of a sold-out crowd.

Las Vegas' Biggest Acts Return To The Stage With MGM Resorts

Melco Resorts and Entertainment

Macau has witnessed month over month decline in casino Gross Gaming Revenues (GGR) in June.

Here's Why Macau Gaming Revenues Declined in June

LAS VEGAS, July 1, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the second quarter 2021 after the market closes on August 4, 2021. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces Second Quarter 2021 Earnings Release Date

LAS VEGAS, July 1, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts" or the "Company") (NYSE: MGM) today announced that it has entered into a definitive agreement to purchase Infinity World Development Corp's ("Infinity World") 50 percent interest in CityCenter Holdings, LLC for $2.125 billion. The purchase price represents an implied valuation of $5.8 billion based on net debt of $1.5 billion, after giving effect to the recently closed sale of a two-acre parcel.

MGM Resorts International Announces Agreements To Purchase Infinity World's 50% Interest In CityCenter And Monetize CityCenter Real Estate Assets

New solarfield will power 13 properties on the Strip.

MGM Resorts Doubles Down On Las Vegas Solar Power

LONDON, UK / ACCESSWIRE / June 29, 2021 / Gaming Realms plc (AIM:GMR), the developer and licensor of mobile focused gaming content, is pleased to announce that, having received its provisional supplier license earlier this year, it has now launched its Slingo Originals content in Michigan, U.S.A. with BetMGM.

Gaming Realms Launches Content In Michigan, U.S.A

LAS VEGAS, June 28, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM), a global leader in the battle against climate change, today launched its 100-megawatt solar array, the hospitality industry's largest directly sourced renewable electricity project worldwide. The array's clean energy now produces up to 90% of MGM Resorts' Las Vegas daytime power needs, spanning 65 million square feet of buildings across 13 properties and more than 36,000 rooms on the Las Vegas Strip, including Bellagio, ARIA, Mandalay Bay, MGM Grand and The Mirage, among others.

Las Vegas Strip Goes Solar: MGM Resorts Launches 100mw Solar Array, Delivering Up To 90% Of Daytime Power To 13 Las Vegas Resorts

Vegas is back, and MGM has set its business up to be ready for it.

Why MGM Resorts Stock Is Rolling This Week

Red Rock Resorts

In light of major resort and casino destination Las Vegas opening on Thursday a brand new megaresort on the Strip, five resort and casino stocks broadly owned by gurus as of the March-quarter filing are Las Vegas Sands Corp. ( LVS , Financial), MGM Resorts International ( MGM , Financial), Caesars Entertainment Inc. ( CZR , Financial), Red Rock Resorts Inc. ( RRR , Financial) and Wynn Resorts Ltd. ( WYNN , Financial) according to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus.

News for MGM Resorts Stock (MGM)