MGM Resorts International (MGM)
| Market Cap | 13.01B |
| Revenue (ttm) | 16.67B |
| Net Income (ttm) | 892.85M |
| Shares Out | 313.68M |
| EPS (ttm) | 2.59 |
| PE Ratio | 16.09 |
| Forward PE | 16.07 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,001,343 |
| Open | 41.52 |
| Previous Close | 41.29 |
| Day's Range | 41.40 - 41.86 |
| 52-Week Range | 34.12 - 51.35 |
| Beta | 2.22 |
| Analysts | Strong Buy |
| Price Target | 54.62 (+31.74%) |
| Earnings Date | May 1, 2024 |
About MGM
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure... [Read more]
Financial Performance
In 2023, MGM's revenue was $16.16 billion, an increase of 23.13% compared to the previous year's $13.13 billion. Earnings were $1.14 billion, a decrease of -22.46%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for MGM stock is "Strong Buy." The 12-month stock price forecast is $54.62, which is an increase of 31.74% from the latest price.
News
Shareholders push casinos to reassess indoor smoking
Advocates for smoking bans point to research by C3 Gaming that concluded smoke-free casinos generate more revenue and outperform competitors that allow smoking.
Former MGM Grand casino president to be sentenced for failing to report bookie's bets
Prosecutors and defense lawyers for Scott Sibella have suggested that a judge file the former MGM Grand casino president to probation in the criminal case.
MGM Is Bullish on Las Vegas, Online Gambling
MGM Resorts International CEO and President Bill Hornbuckle says Las Vegas is still the heart of their business and higher inflation is not keeping customers away. First-quarter sales and earnings bea...
MGM Stock Rises as Wall Street Praises Earnings. There's ‘Momentum in Macau.
Both revenue and earnings were higher than expected. Business took off in Macau.
MGM China Reports 2024 First Quarter Results
Record-High Performance and Market Share HONG KONG , May 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited...
MGM RESORTS INTERNATIONAL REPORTS RECORD FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS
MGM China achieved record quarterly results with Adjusted Property EBITDAR up 78% year over year and resumed its dividend Las Vegas strength continued in the first quarter with record 1Q net revenues ...
MGM RESORTS INTERNATIONAL RELEASES 2023 SOCIAL IMPACT AND SUSTAINABILITY REPORT
"Our Culture and Enduring Legacy" LAS VEGAS , May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the publication of its 2023 Social Impa...
MGM RESORTS LAUNCHES BETMGM IN THE NETHERLANDS
Dutch entry follows the UK as BetMGM's second international market utilizing LeoVegas' platform & technology LAS VEGAS , April 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Reso...
Will A Macau Recovery Drive MGM Stock Higher Following Q1 Results?
MGM Resorts is expected to publish its Q1 2024 results on May 1, reporting on a quarter that is likely to see the company benefit from a strong recovery in Macau and potential continued strength in it...
MGM Resorts is using a Big Tech strategy to fight Lina Khan's FTC—but will it work?
This past September, cybercriminals broke into the computer systems at MGM Resorts and demanded a $30 million ransom, crippling operations inside its hotels: Slot machine screens displayed sad-face em...
MGM Resorts sues FTC, agency chair over cyberattack investigation
MGM Resorts International filed a lawsuit April 15 against the Federal Trade Commission and its top officer, Chairwoman Lina M. Khan, claiming the agency violated the company's Fifth Amendment right t...
MGM Sues FTC Over Probe of Casino Operator's 2023 Cyberattack
MGM Resorts International (MGM) sued the Federal Trade Commission (FTC) and FTC Chair Lina Khan Monday over the regulator's investigation into a cyberattack that hit the casino operator in September.
MGM Resorts International Announces Closing of Offering of $750,000,000 Senior Notes due 2032
LAS VEGAS , April 9, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has completed its previously announced issuance (the "Offering") of $750,000,000...
DraftKings and MGM Find New Gaming Frontier in Brazil
Some of the sports betting world's biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America's la...
Prove Identity Partners with BetMGM to Elevate Security and Enhance Sports Betting Experience for March College Basketball
NEW YORK--(BUSINESS WIRE)--Prove Identity, Inc. ("Prove"), the global leader in digital identity, today announced a strategic partnership with BetMGM, a sports betting and iGaming leader, to enhance t...
U.S. vs China: Gaming Stocks
How are major sporting events impacting gambling stocks? Chad Beynon and Zach Warring discuss this.
MGM Resorts, Hilton, Hyatt, Las Vegas Sands rated Buy by Mizuho
Mizuho Securities has initiated coverage on travel and leisure sector names MGM Resorts (MGM), Las Vegas Sands (LVS), Hilton (HLT), and Hyatt Hotels (H), rating them each a Buy. Yahoo Finance Anchors ...
MGM Resorts International Announces First Quarter 2024 Earnings Release Date
LAS VEGAS , March 28, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the first quarter 2024 after the market closes ...
MGM Resorts International Prices $750,000,000 in Senior Notes
LAS VEGAS , March 25, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has priced a public offering of $750,000,000 in aggregate principal amount of 6...
BELLAGIO FOUNTAIN CLUB RETURNS FOR FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2024 NOVEMBER 21-23
Tickets Now On Sale for One of World's Most Thrilling Race-Watching Experiences Mario Carbone, David Chang, Alain Ducasse, Masaharu Morimoto and Jean-Georges Vongerichten Lead First Wave of World-Clas...
MGM Resorts International Announces Proposed Senior Notes Offering
LAS VEGAS , March 25, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it proposes to offer $750,000,000 in aggregate principal amount of senior notes du...
MGM RESORTS INCENTIVIZES EMPLOYEES TO CONSERVE WATER AT HOME WITH A $500,000 GRANT ON WORLD WATER DAY
Nevada's largest employer partners with SNWA to offer extra water savings incentives LAS VEGAS , March 21, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") a...
Marriott Bonvoy and BetMGM Unlock a New World of "Play, Earn, Stay" with New Rewards Connection
Unprecedented collaboration between sports betting and hospitality leaders to reach millions with real-world rewards Features sweepstakes for the opportunity to win VIP Los Angeles vacation curated by...
BetMGM Launches Mobile Sports Betting in North Carolina
Partnership with Charlotte Motor Speedway to enhance race day experience JERSEY CITY, N.J. , March 11, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today is among the fi...
BETMGM DEBUTS NEW RESPONSIBLE GAMING SPOT FEATURING NHL STAR CONNOR MCDAVID
Ad to appear on broadcast and digital platforms throughout North America JERSEY CITY, N.J. , March 8, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today launched a new 3...