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.

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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

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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

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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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DraftKings

Flutter Entertainment PLC

The tribe would have the right to offer sports betting concessions to sportsbooks.

Florida Poised to Authorize Sports Betting and Microbetting Through Seminole Tribe

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These Sports Betting Stocks Have the Best Chance to Profit Now

AMC Entertainment

Carnival

Disney

Southwest Airlines

Live Nation

Simon Property Group

These 7 stocks to buy should benefit from a reopening economy as people return to their old leisure activities. The post 7 Stocks That Will Benefit From Pent-Up Demand appeared first on InvestorPlace.

7 Stocks That Will Benefit From Pent-Up Demand

One analyst thinks so after taking in yesterday's investor presentation.

Could MGM Resorts Have a 26% Upside?

SPRINGFIELD, Mass., April 22, 2021 /PRNewswire/ -- MGM Springfield today hosted U.S. Green Building Council CEO & President Mahesh Ramanujam, Massachusetts Gov Charlie Baker, Springfield Mayor Domenic Sarno and other government and community leaders for an Earth Day ceremony celebrating the resort's multiple certifications under the United States Green Building Council's Leadership in Energy and Environmental Design (LEED™) program.

MGM Springfield Hosts U.S. Green Building Council CEO, Mass. Governor For Earth Day Event Celebrating Its Environmental Leadership

Wynn Resorts

The digital currency would erase all privacy from financial transactions.

If Macao Adopts China's Cryptocurrency the Casino Industry Could Come Undone

Bank of America analyst Shaun C. Kelley sized up the online sports betting and iGaming segment after several states reported March figures and market share leaders.

MGM, DraftKings Leading US iGaming Market

One of the leading companies in the online sports betting and iGaming segment hosted a presentation Wednesday to show where the company stands and is going in the future.

BetMGM Is Already No. 1 In Various Markets, What's Next To Conquer?

The casino company forecasts its BetMGM venture will get up to 25% market share in a multibillion-dollar growth market.

MGM Resorts Looks to Achieve the Second-Place Spot in U.S. Sports Betting

MGM Resorts says BetMGM is on track to grab up to 25% market share long-term and rake in $1 billion net revenue by 2022. The post MGM Resorts Sees Massive Growth From Its DraftKings Rival appeared first on Investor's Business Daily.

MGM Resorts Sees Massive Growth From Its DraftKings Rival

Sports wagering has enjoyed phenomenal growth over the past year.

Which Sportsbook Is the Better Bet: DraftKings, FanDuel, or BetMGM?

LAS VEGAS, April 21, 2021 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators in the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing a business update setting out the key drivers of its strong momentum and future expectations as it delivers a market leading position in the U.S. As part of the investor day, BetMGM announces the following: BetMGM is the number one market leader across the U.S. in iGaming with a market share of 23% over the three months ended February 2021, and is on course to take the number two spot in U.S. sports betting and iGaming overall Sports betting & iGaming continues to accelerate across North America. As such, BetMGM now expects the total long-term addressable market in the U.S. and Canada to be approximately $32 billion With continued strong momentum in its business, BetMGM now expects that, as a leading operator, it will drive long-term market share of approximately 20% - 25% in the U.S. BetMGM expects to achieve $1 billion of net revenue from operations in 2022 The investment by MGM Resorts and Entain this year is expected to be approximately $450 million, incremental to the $210 million already invested until the end of 2020 Further details will be presented at the investor day event.

MGM Resorts International And Entain Announce BetMGM Investor Day Highlights

MGM Resorts has rallied as vaccines roll out with sports betting providing an extra boost. But is MGM stock a buy now?

Is MGM Stock A Buy Ahead Of BetMGM Investor Day Event?

JERSEY CITY, N.J., April 20, 2021 /PRNewswire/ -- BetMGM, the mobile sports betting and iGaming company, announced today that it will integrate into its platform GameSense, an innovative responsible gaming program licensed to MGM Resorts International (NYSE: MGM) by the British Columbia Lottery Corporation (BCLC).

BetMGM to Integrate GameSense Responsible Gaming Program into Mobile Gaming

LAS VEGAS, April 16, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), together with their venture in the U.S., BetMGM, LLC ("BetMGM"), will host a virtual investor day on Wednesday, April 21, 2021 at 11:00 a.m. EDT (8:00 a.m.

MGM Resorts International And Entain plc Announce Details Of BetMGM Investor Day

The top MGM shareholders are Corey Ian Sanders, William Joseph Hornbuckle, John M. McManus, IAC/InterActiveCorp., Vanguard Group Inc., and BlackRock Inc.

Top MGM Shareholders

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Here's How Investors Can Find Strong Consumer Discretionary Stocks with the Zacks ESP Screener

BetMGM is growing faster and is a better value for investors.

Why MGM Resorts Is a Better Bet Than DraftKings in Online Gambling

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LAS VEGAS, April 7, 2021 /PRNewswire/ -- Following months of trials, MGM Resorts is adding cutting-edge enhancements to its Convene with Confidence program, one of the meeting industry's most comprehensive health and safety plans, designed to get businesses back to doing business in person.  Now welcoming larger groups in accordance with increased capacity limits in Nevada, MGM Resorts is offering meeting planners the option for on-site rapid, molecular COVID-19 testing delivering highly accurate results for events large and small.

MGM Resorts Rolls Out Comprehensive Health & Safety Program To Bring Meetings Back To Las Vegas

Roundhill Sports Betting & iGaming ETF

Caesars Entertainment

Gov. Cuomo shared few details on how it would work, but in the past he has said he wants to run the state's sports betting industry through the New York Lottery

New York approves legal online sports betting

LAS VEGAS, April 6, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the first quarter 2021 after the market closes on Wednesday, April 28, 2021. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces First Quarter 2021 Earnings Release Date

LAS VEGAS--(BUSINESS WIRE)--In a one-of-a-kind collaboration that showcases the talents of Las Vegas' creative community, award-winning mobile game developer PLAYSTUDIOS has recruited five of the city's most-celebrated artists to help commemorate the launch of its latest app, myVEGAS Bingo. Beginning April 1, 2021, the five local creatives selected for the “Lucky Numbers” campaign expressed their personal visions on giant bingo balls installed in some of The Strip's most iconic locations. “myVE

Larger-than-life Bingo Balls Installed on the Las Vegas Strip as Game Developer PLAYSTUDIOS Commissions Local Artists in Support of myVEGAS Bingo Launch

As casino stocks move higher, traders share the themes to watch and which names will bring big wins.

Morgan Stanley sees Vegas comeback, and trader says one stock is best

MGM stock operates in the world's biggest gambling hub of Macau. It is also a Las Vegas rebound play and a U.S. online sports betting leader.

News for MGM Resorts Stock (MGM)