MGM Resorts International logo

MGM Resorts InternationalNYSE: MGM

Profile

Country:

United States

IPO:

02 May 1988

Next earnings report:

13 February 2025

Last dividends:

08 December 2022

Next dividends:

N/A
$11.28 B
-48%vs. 3y high
85%vs. sector
-72%vs. 3y high
29%vs. sector
-21%vs. 3y high
77%vs. sector
-75%vs. 3y high
43%vs. sector

Price

regular market | 4 min ago
$37.89+$0.51(+1.36%)
$4.18 B$4.29 B
$4.18 B$184.58 M

Analysts recommendations

Institutional Ownership

MGM Latest News

Here's Why Investors Should Retain MGM Resorts Stock for Now
zacks.com22 November 2024 Sentiment: POSITIVE

MGM aims to grow by forming strategic partnerships and expanding internationally. Nevertheless, they are worried about the high costs involved.

MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?
marketbeat.com07 November 2024 Sentiment: POSITIVE

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.

MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay
prnewswire.com04 November 2024 Sentiment: POSITIVE

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.

MGM RESORTS INTERNATIONAL SHIFTS INTO HIGH GEAR FOR 2024 LAS VEGAS GRAND PRIX NOVEMBER 21-23
prnewswire.com01 November 2024 Sentiment: POSITIVE

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.

Down 12%, This Stock Is a Screaming Buy Today
fool.com01 November 2024 Sentiment: POSITIVE

This entertainment company has strong fundamentals, but the market's response to its earnings is misinterpreting its potential.

MGM Resorts' Q3 Earnings Miss Estimates, Revenues Increase Y/Y
zacks.com31 October 2024 Sentiment: POSITIVE

MGM's revenue for the third quarter shows significant support from MGM China, resorts on the Las Vegas Strip, and regional operations.

MGM (MGM) Reports Q3 Earnings: What Key Metrics Have to Say
zacks.com30 October 2024 Sentiment: POSITIVE

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) Q3 Earnings and Revenues Lag Estimates
zacks.com30 October 2024 Sentiment: NEUTRAL

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 REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS
prnewswire.com30 October 2024 Sentiment: POSITIVE

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.

MGM RESORTS INTERNATIONAL AND MARRIOTT INTERNATIONAL SIGN AGREEMENT TO LAUNCH W LAS VEGAS
prnewswire.com21 October 2024 Sentiment: POSITIVE

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.

What type of business is MGM Resorts International?

MGM Resorts is a holding company that, through its subsidiaries, owns and operates integrated complexes, including casinos, hotels, and entertainment resorts in the United States and Macau. Founded in 1986, the headquarters is located in Las Vegas, Nevada, USA. The majority of the company's revenue is based on cash: customers place bets with cash or pay for non-gaming services with cash or credit cards. The company heavily relies on the resorts' ability to generate operating cash flow to fund capital expenditures, provide excess cash flow for future development, acquisitions, or investments, as well as to repay debt obligations.

What sector is MGM Resorts International in?

MGM Resorts International is in the Consumer Cyclical sector

What industry is MGM Resorts International in?

MGM Resorts International is in the Resorts & Casinos industry

What country is MGM Resorts International from?

MGM Resorts International is headquartered in United States

When did MGM Resorts International go public?

MGM Resorts International initial public offering (IPO) was on 02 May 1988

What is MGM Resorts International website?

https://www.mgmresorts.com

Is MGM Resorts International in the S&P 500?

Yes, MGM Resorts International is included in the S&P 500 index

Is MGM Resorts International in the NASDAQ 100?

No, MGM Resorts International is not included in the NASDAQ 100 index

Is MGM Resorts International in the Dow Jones?

No, MGM Resorts International is not included in the Dow Jones index

When was MGM Resorts International the previous earnings report?

No data

When does MGM Resorts International earnings report?

The next expected earnings date for MGM Resorts International is 13 February 2025