MGM Resorts International (MGM)
| Market Cap | 9.78B |
| Revenue (ttm) | 17.22B |
| Net Income (ttm) | 903.35M |
| Shares Out | 297.74M |
| EPS (ttm) | 2.82 |
| PE Ratio | 11.67 |
| Forward PE | 14.82 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,098,124 |
| Open | 33.45 |
| Previous Close | 33.13 |
| Day's Range | 32.77 - 33.75 |
| 52-Week Range | 31.61 - 48.25 |
| Beta | 2.22 |
| Analysts | Strong Buy |
| Price Target | 52.27 (+59.12%) |
| Earnings Date | Feb 12, 2025 |
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 Resorts International's revenue was $16.12 billion, an increase of 23.21% compared to the previous year's $13.08 billion. Earnings were $1.14 billion, a decrease of -20.60%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for MGM stock is "Strong Buy." The 12-month stock price forecast is $52.27, which is an increase of 59.12% from the latest price.
News
BetMGM Secures Exclusive Online Casino Content Rights To "Family Feud" and "The Price is Right" With Fremantle Partnership
Collaboration will bring bespoke content and never-before-seen show integrations JERSEY CITY, N.J. , Jan. 19, 2025 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, announced toda...
MGM GRAND ANNOUNCES $300 MILLION ROOM AND SUITE REMODEL
Newly remodeled rooms available for reservation beginning March 1, 2025 LAS VEGAS , Jan. 17, 2025 /PRNewswire/ -- MGM Grand Hotel & Casino is revealing details surrounding its $300 million remodel enc...
MGM Resorts: A 13% FCF Yielding Bet That Could Double In 3 Years
MGM Resorts: A 13% FCF Yielding Bet That Could Double In 3 Years
MGM Stock Could Rise 60% If It Recovers To Pre-Inflation Shock Highs
MGM Resorts stock (NYSE: MGM) currently trades at $32 per share (Jan. 13), roughly 36% below its pre-inflation shock high of $50 seen on November 5, 2021. The stock has been impacted by the Macau oper...
MGM Resorts: Ready To Roll The Dice On A Market Leader And Cashflow Generator
Starting coverage of MGM Resorts today, I am calling it a buy, driven by its top market share and steady trend of positive cashflow. Although the macro outlook for Las Vegas is mixed for 2025, MGM has...
MGM Resorts International and Entain Notice of BetMGM FY 2024 Update
LAS VEGAS , Jan. 7, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Re...
MGM Resorts International Announces Fourth Quarter and Full Year 2024 Earnings Release Date
LAS VEGAS , Jan. 7, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the fourth quarter and full year 2024 after the m...
Where do casino stocks go from here, after a slump in 2024
CNBC's Contessa Brewer joins 'Squawk on the Street' to discuss casino stocks slump in 2024.
Tax Loss Selling, Three (More) Oversold Stocks
UnitedHealth Group shares have dropped over 20% due to public backlash and political rhetoric; current valuation suggests 17-30% upside potential. IAC remains undervalued in a SOTP framework, with MGM...
W LAS VEGAS DEBUTS AT MANDALAY BAY
Hotel officially joins the MGM Collection with Marriott Bonvoy portfolio, marking the latest step in the long-term strategic licensing agreement between MGM Resorts International and Marriott Internat...
MGM RESORTS PROMOTES ARI KASTRATI TO CHIEF CONTENT, HOSPITALITY AND DEVELOPMENT OFFICER
LAS VEGAS , Dec. 5, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the promotion of Ari Kastrati to Chief Content, Hospitality and Developm...
MGM Resorts International and MGM China to Speak at Leveraged Finance Conference
LAS VEGAS , Dec. 2, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the 2024 Bank of America Leveraged Finance Conference on Tuesday, De...
MGM RESORTS LEADS THE CHARGE AT LAS VEGAS GRAND PRIX WITH EXCLUSIVE EVENTS AND STAR POWER
Sold-Out Bellagio Fountain Club Headlines Race Weekend Experiences with Celebrity Chefs, Top Drivers, Stars and More Click here to download high-res images (credit: MGM Resorts) Click here to download...
BetMGM Rewards Points Now Combined Into Single, Digital Wallet
Streamlined nationwide access to digital bonuses, MGM Rewards Points, Marriott Bonvoy Points, and more JERSEY CITY, N.J. , Nov. 25, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting op...
Cisco and MGM Resorts International Sign Multi-Year Agreement
Bringing the Next Generation of Guest Experience to Las Vegas and Beyond News Summary: Global gaming and entertainment company MGM Resorts International signs a Whole Portfolio Agreement with Cisco ...
Why MGM Is A Buy: The Complete Guide
MGM Resorts International offers a compelling investment opportunity with strong momentum in 2025, driven by Las Vegas tourism, digital gaming, and new geographic developments. The company operates fo...
Options Trades on DKNG, MGM
Alex Coffey discusses a record week for markets and ventures into the gambling sector, placing example trades on DraftKings (DKNG) and MGM Resorts (MGM). ======== Schwab Network ======== Empowering ev...
MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay
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 "Comp...
MGM RESORTS INTERNATIONAL SHIFTS INTO HIGH GEAR FOR 2024 LAS VEGAS GRAND PRIX NOVEMBER 21-23
New Experiences Revealed for Once-in-a-Lifetime Race Weekend Across Iconic Center-Strip Resorts Click here for the full lineup, more information and to book reservations ; Follow @MGMResortsIntl for ...
MGM Resorts International (MGM) Q3 2024 Earnings Call Transcript
MGM Resorts International (NYSE:MGM) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Chapman - Director of Investor Relations Jonathan Halkyard - Chief Financ...
MGM China Reports 2024 Nine-Month Results
Visitation Revenue Adjusted EBITDA Posted Year-on-Year Growth A ll Surpassed 2019 Levels HONG KONG , Oct. 30, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock ...
MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS
Record 3Q consolidated net revenues Record results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDAR MGM China declared a special dividend in August 2024, resulting in ap...
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