Key Details
Price
$37.42Last Dividend
$0.00Annual ROE
23.46%Beta
1.39Events Calendar
Next earnings date:
Feb 13, 2025Recent quarterly earnings:
Oct 30, 2024Recent annual earnings:
Feb 13, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 08, 2022Next split:
N/ARecent split:
May 19, 2005Analyst ratings
Recent major analysts updates
Market Data
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Profitability
Efficiency
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Institutional Ownership
BetMGM, a top company in iGaming and sports betting, has improved its customer experience by combining BetMGM Reward Points (BRPs) into one account. This change allows for easier access to digital bonuses, MGM Rewards Points, Marriott Bonvoy Points, and more across the country. The announcement was made on November 25, 2024, in Jersey City, N.J.
MGM aims to grow by forming strategic partnerships and expanding internationally. Nevertheless, they are worried about the high costs involved.
Casino and gaming stocks have been bouncing back since they reopened after suffering greatly due to the COVID-19 pandemic. It's surprising, but Macau, the biggest gaming hub in the world, only fully reopened in February 2023 when China eased its strict zero-COVID policies after three years.
Over Veterans Day weekend, more than 100 injured service members and their guests will visit Las Vegas. MGM Resorts International will host the USO Experience: Salute to the Troops, which honors these active-duty service members starting on Friday, November 8. This event, now in its 14th year, will be held at Mandalay Bay Resort & Casino and will last for five days.
Exciting new activities have been announced for the unique race weekend at famous resorts along the Center Strip. For more details and to make reservations, click here and follow @MGMResortsIntl for updates. MGM Resorts International is ready to go all out for the second round of the Las Vegas Grand Prix, offering a variety of events to entertain fans before and during the race weekend.
This entertainment company has strong fundamentals, but the market's response to its earnings is misinterpreting its potential.
MGM's revenue for the third quarter shows significant support from MGM China, resorts on the Las Vegas Strip, and regional operations.
While the revenue and earnings per share (EPS) for MGM (MGM) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
MGM Resorts (MGM) reported quarterly earnings of $0.54 per share, which is lower than the Zacks Consensus Estimate of $0.58 per share. This is a decrease compared to earnings of $0.64 per share from the same period last year.
MGM Resorts International announced record consolidated net revenues for the third quarter, largely due to strong performance from MGM China. The company also declared a special dividend in August 2024, providing around $200 million in cash to MGM Resorts this year. Additionally, BetMGM experienced significant growth, with net revenues rising nearly 20% compared to the previous year, and the company is expanding its international digital strategy with a new partnership in Brazil.
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