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

With Las Vegas soon reopening, a critical headwind against MGM stock will fade away, inviting the risky but compelling bullish trade.
The post MGM Resorts Is Worth a Roll of the Dice appeared first on InvestorPlace.

MGM Resorts Is Worth a Roll of the Dice

LAS VEGAS, June 2, 2020 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries of MGM Growth Properties LLC (NYSE: MGP) (the "Company"), have priced $800 million in aggregate principal amount of 4....

MGM Growth Properties Operating Partnership LP Announces Pricing Of Upsized $800 Million Senior Notes Offering

Caesars Entertainment

Las Vegas Sands

Wynn Resorts

After more than two months of being completely shut down, casinos on the Las Vegas strip will reopen this week for the first time as part of the city’s “Phase 2” plan to safely return to normal.

Las Vegas Casinos Reopen This Week, And Here's What Investors Should Expect

Casino stocks, among the hardest hit early in the coronavirus pandemic, have bounced hard off their lows. More gains are on the way, says Oppenheimer's Ari Wald.

Casino stocks rally, and chart signals another 26% surge

Can pessimism be turned into profits? Steel-stomached MGM stockholders will find out soon enough.

Buy Mangled MGM Stock While Casinos Are Still Closed

Eldorado Resorts

Las Vegas is getting ready to launch a "Welcome Back" ad campaign to encourage visitors to come. But now guests will have to weigh not only the risks of coronavirus but also of civil unrest.

Protests may derail what was expected to be a strong reopening for Las Vegas casinos

Gambling revenue has fallen 80% or more for four straight months due to the COVID-19 pandemic.

Macao Casino Revenue Plunges Another 93% in May

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

MGM (MGM) Up 2.1% Since Last Earnings Report: Can It Continue?

Boyd Gaming

Casino stocks are rebounding ahead of Las Vegas reopening next week.

As Las Vegas Reopens, Should Investors Bet On Casino Stocks Rebounding?

MGM Resorts (MGM) is set to resume operations in properties in Las Vegas while maintaining comprehensive protocols to contain the spread of coronavirus.

MGM Resorts to Reopen Las Vegas Casinos With Safety Plans

Having rebounded sharply from their collapse, these casinos have come as far as they can, UBS says.

Analyst Thinks Las Vegas Sands, MGM Resorts, and Wynn Resorts Have Run Far Enough

Mgm Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions related to the novel coronavirus pandemic on June 4.

Mgm Resorts to re-open its Las Vegas casinos on June 4

MGM Resorts International MGM, +0.56% announced Wednesday its plan to reopen its Las Vegas properties on June 4, including the Bellagio, MGM Grand Las Vegas, New York-New York and The Signature casino resorts.

MGM to reopen Las Vegas resort casinos on June 4

LAS VEGAS, May 27, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") announced its planned June 4 reopening of Bellagio, New York-New York, MGM Grand Las Vegas and The Signature, following the closure earlier this year of all of its U.S. properties amidst the...

MGM Resorts Announces Opening Dates For First Las Vegas Properties

Acting CEO Bill Hornbuckle and other executives at MGM are doing all that they can to make sure MGM survives the coronavirus pandemic and succeeds in the long run. Considering the history and legacy of the brand, the company isn't going anywhere.

There’s No Need to Dump MGM Stock Now, but Definitely Don’t Buy It

A war of words over COVID-19 could have far-reaching repercussions.

3 Big Casinos Have a Lot to Lose in a Coronavirus Blame Game

MGM Resorts International’s (NYSE: MGM) core revenue growth was anemic even before the coronavirus outbreak, and a recovery has now become even more challenging, according to BofA Securities.

MGM Resorts International Could Take 4-6 Years To Recover, BofA Says In Downgrade

The casino operator's core convention business is gone for the time being.

Analyst Says MGM Resorts Has No Catalysts for Growth in Immediate Future

Penn Entertainment

Investors are excited to see these businesses opening their doors once again.

Stock Market Wrap-Up: Forget Cruise Stocks -- This Industry's Reopening Right Now

Specifics include a special employee testing alliance, sanitized dice, and more.

How Caesar’s, Other Casinos Plan to Enforce COVID-19 Safety as They Reopen

MGM Resorts (MGM) is set to resume operations in properties at Mississippi while maintaining comprehensive protocols to contain the spread of coronavirus.

MGM Resorts to Reopen Mississippi Casinos With Safety Plans

The Las Vegas gaming industry will offer COVID-19 tests to employees before they return to work, the Culinary Union announced Tuesday, moving the hard-hit sector a step closer to reopening.

MGM, Caesars and Boyd will participate in employee COVID-19 testing plan

MGM Resorts International MGM, +10.54% said it will start reopening its casinos in Mississippi, in a limited capacity, on May 25.

MGM to start reopening Mississippi casinos on May 25, starting with Gold Strike

MGM stock has had a nice rally from its lows, but there may not be much left for investors. So, here’s a look at the company’s challenges.

3 Reasons Why MGM Stock Is Not Worth the Gamble for Investors

MGM stock is on the mend, but it may take years for this Las Vegas giant to bounce back from the coronavirus pandemic.
The post It Will Take Years for MGM Stock to Recover appeared first on InvestorPlace.

News for MGM Resorts Stock (MGM)