MGM Resorts International (MGM)
| Market Cap | 13.28B |
| Revenue (ttm) | 16.67B |
| Net Income (ttm) | 892.85M |
| Shares Out | 313.68M |
| EPS (ttm) | 2.59 |
| PE Ratio | 16.34 |
| Forward PE | 14.51 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,780,587 |
| Open | 42.98 |
| Previous Close | 42.86 |
| Day's Range | 42.25 - 43.06 |
| 52-Week Range | 34.12 - 51.35 |
| Beta | 2.25 |
| Analysts | Strong Buy |
| Price Target | 54.62 (+29.03%) |
| Earnings Date | Jul 31, 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 29.03% from the latest price.
News
Is MGM Stock Poised To Rise To $50 With Macau's Recovery?
MGM Resorts stock currently trades at $44 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw busine...
MGM Resorts International Announces Second Quarter 2024 Earnings Release Date
LAS VEGAS , June 26, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2024 after the market closes ...
MGM Resorts International Announces Agreement to Acquire Tipico's U.S. Sportsbook
LAS VEGAS , June 24, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that its subsidiary, LeoVegas Group ("LeoVegas"), has entered into an a...
MGM RESORTS INTERNATIONAL AND TECHNOLOGY LEADER PLAYTECH PARTNER TO LAUNCH PROPRIETARY LIVE CASINO CONTENT DIRECTLY FROM LAS VEGAS
LAS VEGAS and LONDON , June 20, 2024 /PRNewswire/ -- Playtech and MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company"), are today announcing a strategic partnership which will offer ...
BetMGM Announces Exclusive Partnership with Brian Christopher Slots
Top social media influencer joins BetMGM as Official Ambassador Click here for accompany image JERSEY CITY, N.J. , June 19, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, ...
MGM Resorts International Taps Viral Nation as Influencer Marketing Agency of Record
LAS VEGAS--(BUSINESS WIRE)--MGM Resorts International, a global leader in entertainment, hospitality, and leisure experiences, has named Viral Nation its official Influencer Marketing Agency of Record...
Mandalay Bay Completes $100 Million Remodel of 2.1 Million-Square-Foot Convention Center
Redesign Highlighted by Advanced Technology and Inviting Spaces for Modern Meetings and Events LAS VEGAS , May 30, 2024 /PRNewswire/ -- Host to many of the industry's top-tier events and trade shows,...
MGM Resorts Surpasses Ambitious Goal of Donating 5 Million Meals to Fight Food Insecurity
Feeding Forward 2025 goal achievement announced on World Hunger Day 2024 LAS VEGAS , May 28, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today...
MGM Resorts CEO Bill Hornbuckle talks Las Vegas' travel boom
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Will Macau Recovery Help Drive MGM Stock Back To $50?
MGM Resorts stock currently trades at $41 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw busine...
BetMGM Sponsors Progressive Jackpot During Wheel of Fortune's "Big Money Week"
Episodes to feature iconic game show's first-ever nightly progressive jackpot tied to Bonus Round prizing Click here to download creative assets JERSEY CITY, N.J. , May 17, 2024 /PRNewswire/ -- BetMGM...
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...