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

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

Caesars Entertainment

Las Vegas Sands

Penn Entertainment

Wynn Resorts

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

Spirit Airlines

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

Boyd Gaming

DraftKings

Esports Entertainment Group

Golden Nugget Online Gaming

Red Rock Resorts

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.

MGM Resorts (MGM) Reduces Ownership in MGP Operating Partnership

LAS VEGAS, March 15, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") today announced the completion of the redemption of approximately 37.1 million of its operating partnership units of MGM Growth Properties ("MGP") Operating Partnership LP (the "Operating Partnership") for aggregate cash proceeds of approximately $1.2 billion.   Following the redemption, MGM Resorts' ownership in the Operating Partnership was reduced from 53.0% to 42.1%.

MGM Resorts International Announces Completion Of 37.1 Million MGP Operating Partnership Unit Redemption

The outlook is getting better for MGM Resorts.

Why MGM Resorts Jumped 7.9% Today

Expect MGM stock to move higher this year. MGM stock is worth between $47.05 and $50.72, which is more than several analysts project.

Expect MGM Stock to Move Higher This Year as Gambling Rebounds

Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now "changing for the better," according to Jefferies. The MGM Resorts Analyst: David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a price target lifted from $36 to $50.

MGM Stock Valuation Is 'Changing For The Better'

Acer Therapeutics

XPeng

One of the most common questions traders have about stocks is “Why Is It Moving?” That's why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro.

What's Happening With ACER Stock, MGM Stock, XPEV Stock?

JERSEY CITY, N.J., March 15, 2021 /PRNewswire/ -- BetMGM announced today the signing of Jalen Rose as a celebrity brand ambassador.

Michigan Basketball Legend Jalen Rose Signs with BetMGM As Celebrated Brand Ambassador

With the COVID-19 pandemic cooling down and the sports betting market heating up, this casino operator is a screaming buy.

Is MGM Resorts Stock a Buy?

EnviroStar

JetBlue Airways

Southwest Airlines

Norwegian Cruise Line

Universal Display

Starbucks

Wyndham Hotels & Resorts Inc

What goes down, must come up, right? That's the argument for buying these epicenter stocks that saw their businesses affected by the pandemic.

9 Epicenter Stocks That Are Rebounding After a Hard Pandemic Fall

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

Why Is MGM (MGM) Up 11% Since Last Earnings Report?

BetMGM continues to add partnerships to its portfolio.

Why MGM Resorts Stock Jumped 7.6% Today

ATLANTA, March 11, 2021 /PRNewswire/ -- Sports fans can now access a unique sports betting experience when placing wagers through the BetMGM app inside Buffalo Wild Wings sports bars in Colorado, New Jersey, Indiana, Iowa, Tennessee and West Virginia. A first in the industry, the BetMGM app uses geolocation technology to offer custom promotions and bet types for guests who are physically inside a Buffalo Wild Wings in select markets.

Buffalo Wild Wings and BetMGM Launch Exclusive Sports Betting Experience

LAS VEGAS, March 10, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") and BetMGM management will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thursday, March 11, 2021.

MGM Resorts International And BetMGM Management To Speak At The J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

Apollo Global Management

Century Casinos

Gaming and Leisure Properties

MGM Growth Properties

Vici Properties

The industry may fail to bounce back until demand returns, which could be a very long time from now.

Are There Too Many Casinos in Las Vegas?

LAS VEGAS, March 8, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM today announced a unified commitment to responsible gaming and to providing the tools needed to help players make responsible, informed decisions while playing. This comes as MGM Resorts and BetMGM...

MGM Resorts And BetMGM Announce Unified Commitment To Promote Responsible Gaming

MGM Resorts (MGM) benefit from robust sports betting business and solid growth prospects in Macau.

MGM Resorts (MGM) Up 59% in 6 Months: Can the Rally Continue?

It's no secret all casino, resort, and travel-related stocks have suffered in the wake of the nearly year-long Covid-19 pandemic.

Gambling Giant Has Massive Upgrade Potential

Casino stocks are on a hot streak, but traders say one name stands out among the pack.

News for MGM Resorts Stock (MGM)