MGM Resorts InternationalNYSE: MGM

More than 100 wounded warriors  and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS , Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino.

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.

W Las Vegas is the newest development in the ongoing partnership between MGM Resorts International and Marriott International. They plan to transform a well-known property on the Las Vegas Strip into a W Hotels location, which is part of the Marriott Bonvoy® collection. This conversion is expected to be finished later this year, following their strategic licensing agreement made in July 2023.

On Tuesday, Bill Hornbuckle, the CEO of MGM Resorts International, talked about the company's international expansion, particularly focusing on MGM Macau.