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

DraftKings

Flutter Entertainment PLC

Penn Entertainment

The U.S. online sports betting market is booming, and the March Madness NCAA basketball tournament was a key catalyst for a 559% surge in sports betting app downloads in March. March Madness Bump: Bank of America analyst Shaun Kelley said March Madness coupled with easy year-over-year comps due to 2020 sports cancellations resulted in sports app downloads increasing more than fivefold year-over-year in March.

March Madness Drives 559% Surge In Sports Betting App Downloads

Boyd Gaming

Caesars Entertainment

Wynn Resorts

Shares of MGM Resorts and Caesars Entertainment climbed Monday as Morgan Stanley upgraded the companies to overweight ratings as it sees Wall Street 'grossly underestimating' the earnings potential for the companies from Las Vegas' recovery from the pandemic. Morgan Stanley said analysts visited Las Vegas last week and found that the market was at the "beginning" of a strong recovery period, wrote analyst Thomas Allen in a note raising the companies from equal-weight ratings.

MGM and Caesars rise as Morgan Stanley upgrades the casino operators on strong outlook for Las Vegas recovery (MGM, CZR, BYD, WYNN)

Recovery stocks, including casino operators, are gaining backers as the vaccination rollout continues.

Why MGM Resorts Stock Jumped 7% Today

The Las Vegas gaming market seems to be delivering a faster- and stronger-than-expected recovery, with “especially positive booking trends," according to Morgan Stanley. The Gaming Market Analyst: Thomas Allen upgraded the ratings for MGM Resorts International (NYSE: MGM) and Caesars Entertainment Inc (NASDAQ: CZR) to Overweight, while raising the price targets from $34 to $45 and from $92 to $113, respectively.

MGM Resorts International and Caesars Entertainment Stocks Upgrade: What You Need To Know

MGM Resort's (MGM) BetMGM signs a multi-year sports betting deal with Audacy, previously trading as Entercom Communications Corp. (ETM).

MGM Resorts' (MGM) BetMGM Reaches Agreement With Audacy

Golden Entertainment

Las Vegas Sands

Red Rock Resorts

These gambling stocks have done well to weather the Covid-19 storm and are positioned to perform incredibly in a post-pandemic world. The post 7 Gambling Stocks That Are Expecting a Reopening Boost appeared first on InvestorPlace.

7 Gambling Stocks That Are Expecting a Reopening Boost

LAS VEGAS, March 29, 2021 /PRNewswire/ -- MGM Resorts International today announced that Jeff Mochal has joined the company as Senior Vice President of Corporate Communications. Mochal will oversee the company's corporate communications and strategic positioning, leading issues management strategy and proactive media relations, internal communications and social impact and sustainability messaging strategies for issues affecting MGM Resorts on a global scale.

Jeff Mochal Joins MGM Resorts International as Senior Vice President of Corporate Communications

Churchill Downs

FuboTV

Melco Resorts and Entertainment

Spanning the gamut of casinos, online gambling, and sports betting.

The 10 Largest Gambling Stocks of 2021

MGM stock seems to be relatively low-risk recovery play as margins return to normal and cash flow increases. The post MGM Resorts International Makes for a Low-Risk Recovery Play appeared first on InvestorPlace.

MGM Resorts International Makes for a Low-Risk Recovery Play

MGM has shown increasingly positive revenue and EBITDA trends as it is recovering from the Corona-induced slump in 2020.

MGM Resorts International: Room For Further Upside As BetMGM Rolls Out

Darden Restaurants

Drive Shack

EnLink Midstream

Ammo

Spirit Airlines

Six Flags

If you have strong convictions about a return to normal, you may want to check out these risky stocks that could benefit the most. The post 7 Risky Stocks Ready to Roll on Reopening appeared first on InvestorPlace.

7 Risky Stocks Ready to Roll on Reopening

LAS VEGAS, March 24, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) received a Gold award for Corporate Social Responsibility and a Bronze award in the Integrated Marketing Campaign category in the 64th annual Adrian Awards; the largest and most prestigious global travel marketing competition. For 2020, the Hospitality Sales & Marketing Association International (HSMAI) redesigned the Adrian Awards to reflect the current travel landscape, with focus categories of Corporate Social Responsibility, Crisis Communications/Management, Recovery Strategies, and Talent & Leadership Development, in addition to traditional Adrian Award categories.

MGM Resorts Receives Two Awards for Outstanding Travel Marketing from Hospitality Sales & Marketing Association International

MGM Resorts' (MGM) continues to focus on online betting expansion. Moreover, BetMGM launches BetMGM Poker in Michigan.

MGM Resorts' (MGM) BetMGM Strengthens Online Poker Presence

Enphase Energy

Etsy

Freeport-McMoRan

Landbridge Co LLC

Tesla

United Rentals

ViacomCBS

The stock market marks its one-year bull market anniversary today, marked by the official bottom amid the onset of the COVID-19 pandemic. Stocks had staged the fastest bull market in history after peaking on February 19, 2020, falling more than 20% in just 16 days. The S&P 500 ultimately fell as much as 34% as investors grappled with the uncertainty related to stay-at-home orders that swept across the country.

These are the 10 best performing stocks since the market bottomed 1 year ago today

With its sports-betting joint venture surging and Las Vegas rebounding, MGM stock remains a very good bet at its current levels. The post Buy MGM Stock as Vegas Re-Opens and BetMGM Expands Its Market appeared first on InvestorPlace.

Buy MGM Stock as Vegas Re-Opens and BetMGM Expands Its Market

JERSEY CITY, N.J., March 22, 2021 /PRNewswire/ -- BetMGM today announced the launch of BetMGM Poker in Michigan, giving customers access to benefits tied to MGM Grand Detroit and MGM Resorts' casino-resorts nationwide.

BetMGM Launches Online Poker in Michigan

The NCAA basketball tournament, aka March Madness, is nirvana for sports bettors. But it's March Madness on Wall Street too, as the blue-chip S&P 500 index is wagering that legal gambling is a growing trend that's here to stay.

Wall Street's hot new bet: Betting on sports

Dine Brands Global

Brinker International

Marriott

Royal Caribbean Cruises

SPDR S&P 500 ETF Trust

United Continental Hlds

We're now seeing some of the gaudiest one-year comps in generations, especially in those industries hardest-hit by "shelter in place" initiatives.

The Era of Eye-Popping Comps

Bally's

Esports Entertainment Group

Golden Nugget Online Gaming

Our gaming index imploded, but it then bounced back to the record-setting territory. Pent-up demand from many Americans has caused the gaming industry to see an uptick in customer demand.

Vegas Ready To Recover From Pandemic: Now It's A Stock Picker's Game

March Madness begins Thursday, and most of the $1 billion in bets expected to be made on the basketball tournament will come online. The post DraftKings, Gambling Stocks To Cash In On Biggest Sports-Betting Event appeared first on Investor's Business Daily.

DraftKings, Gambling Stocks To Cash In On Biggest Sports-Betting Event

Enthusiastic gambler response foreshadows a good second half of 2021 for casinos.

Caesars, MGM, and Wynn Perk Up as Las Vegas Returns to 50% Capacity

MGM Resorts (MGM) completes the redemption of nearly 37.1 million of its operating partnership units of MGM Growth Properties (MGP) Operating Partnership LP for nearly $1.2 billion.

News for MGM Resorts Stock (MGM)