MGM Resorts International (MGM)

NYSE: MGM · IEX Real-Time Price · USD
39.13
-1.22 (-3.02%)
At close: Dec 5, 2023, 4:00 PM
39.16
+0.03 (0.08%)
After-hours: Dec 5, 2023, 7:48 PM EST
-3.02%
Market Cap 13.78B
Revenue (ttm) 15.38B
Net Income (ttm) 1.11B
Shares Out 341.58M
EPS (ttm) 2.95
PE Ratio 13.26
Forward PE 13.32
Dividend $0.00 (0.01%)
Ex-Dividend Date Dec 8, 2022
Volume 4,470,720
Open 40.02
Previous Close 40.35
Day's Range 39.09 - 40.12
52-Week Range 32.43 - 51.35
Beta 2.15
Analysts Buy
Price Target 55.50 (+41.84%)
Earnings Date Nov 8, 2023

About MGM

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. 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 and whole... [Read more]

Founded 1986
Employees 75,000
Stock Exchange NYSE
Ticker Symbol MGM
Full Company Profile

Financial Performance

In 2022, MGM's revenue was $13.13 billion, an increase of 35.61% compared to the previous year's $9.68 billion. Earnings were $1.47 billion, an increase of 17.44%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for MGM stock is "Buy." The 12-month stock price forecast is $55.5, which is an increase of 41.84% from the latest price.

Price Target
$55.5
(41.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

BetMGM CEO and CFO to participate in 2023 Morgan Stanley Global Consumer and Retail Conference

LAS VEGAS , Dec. 5, 2023 /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 R...

7 hours ago - PRNewsWire

BetMGM Business Update

Business on Track with Key Enhancements to Drive Sustainable Growth LAS VEGAS , Dec. 4, 2023 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the ...

1 day ago - PRNewsWire

Detroit Casino Council ratify contract with MGM, Penn

Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts , Hollywood Casino at Greektown operated by Penn Entertainment and Moto...

Other symbols: PENN
3 days ago - Reuters

MGM RESORTS UNVEILS VISION FOR MGM EMPIRE CITY

If Granted Full-Scale Commercial Casino License, Empire City Casino b y  MGM Resorts Will Transition into MGM Empire City; MGM Empire City Will Feature World-Class Entertainment Venue,  Exciting New D...

5 days ago - PRNewsWire

BetMGM Business Update Event Details

LAS VEGAS , Nov. 27, 2023 /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 ...

8 days ago - PRNewsWire

MGM Resorts International Named as Leading Employer for Veterans by Military Times

LAS VEGAS , Nov. 22, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been recognized as one of the nation's leading employers for culture, recruitment a...

13 days ago - PRNewsWire

MGM Resorts International Chief Financial Officer to Speak at the Bank of America Leveraged Finance Conference

LAS VEGAS , Nov. 21, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the Bank of America Leveraged Finance Conference on Tuesday, Novemb...

14 days ago - PRNewsWire

MGM Resorts International Recognized for Superior Achievement in Creating an Inclusive Workplace

LAS VEGAS , Nov. 20, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named a Pinnacle Inclusion Index Company in the 2023 Seramount Inclusion Index...

15 days ago - PRNewsWire

F1 pricing 'isn't for everyone', brings in unique international crowd, says MGM Resorts CEO

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.

18 days ago - CNBC Television

MGM expects $60 million in incremental hotel revenue from F1 weekend

CNBC's Contessa Brewer reports on news from Caesars and MGM Resorts.

18 days ago - CNBC Television

MGM And Caesars Avert Strikes By Las Vegas Casino Workers—Days Before Formula 1 Grand Prix

Wynn Resorts is the last of the three casino giants that has yet to reach a tentative deal with employees before the strike deadline at 5 a.m. tomorrow.

Other symbols: CZR
26 days ago - Forbes

Las Vegas Unions and MGM Resorts Reach Tentative Labor Agreement

The deal, the second in two days with a major resort operator, was announced on the day before a strike deadline set by two major unions.

26 days ago - NYTimes

MGM Stock Rises. It Isn't Just China Improvements Tempting Investors to Go All in.

MGM China revenue of $813 million are 829% higher than the same period last year.

26 days ago - Barrons

MGM Resorts Expects Continued Growth and Expansion of Online Gaming

MGM Resorts International achieved its first quarter of profitability on its investment in the online gaming joint venture, BetMGM.  The company's 50% share of operating income in the third quarter wa...

27 days ago - PYMNTS

MGM China Reports 2023 Third-Quarter Results

Visitation Revenue Adjusted EBITDA A ll Surpassed 2019 Solid Market Share and Margin HONG KONG , Nov. 8, 2023 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code:...

27 days ago - PRNewsWire

MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2023 FINANCIAL AND OPERATING RESULTS

Finalized Japan certification process by signing the Implementation Agreement for our Integrated Resort in Osaka Repurchased $572 million in shares during the quarter New $2 billion share repurchase p...

27 days ago - PRNewsWire

Tens of thousands of Las Vegas Strip hotel workers may on go strike this month

LAS VEGAS — Tens of thousands of Las Vegas hotel workers set a deadline Thursday for a sweeping strike, threatening major disruptions to the city's economic backbone that could coincide with the Strip...

Other symbols: CZRWYNN
4 weeks ago - Market Watch

MGM Resorts Teams with USO and American Airlines for 13th 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. 2, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Comp...

Other symbols: AAL
4 weeks ago - PRNewsWire

BetMGM Opens Retail Sportsbook at Isleta Resort & Casino in New Mexico

Sports betting leader expands to 28th market ALBUQUERQUE, N.M. , Nov. 1, 2023 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today announced the opening of a new retail sportsb...

4 weeks ago - PRNewsWire

MGM RESORTS REVEALS NEW DETAILS ABOUT BELLAGIO FOUNTAIN CLUB EXPERIENCE AT FORMULA 1® HEINEKEN SILVER LAS VEGAS GRAND PRIX

Bellagio Fountain Club to Host Official Las Vegas Grand Prix Winner's Stage Culinary legends José Andrés, Christina Tosi, Alain Ducasse, Rainer Becker join Bellagio Fountain Club's superstar chef line...

Other symbols: DLB
5 weeks ago - PRNewsWire

Lío Ibiza Returns with Exclusive Takeover of Bellagio's Mayfair Supper Club During Formula 1 Heineken Silver Las Vegas Grand Prix

Iconic Ibizan cabaret delivers next act of show-stopping Fountain-side entertainment November 12 - 22 LAS VEGAS , Oct. 25, 2023 /PRNewswire/ -- Ibiza's most exclusive cabaret dining experience is set ...

5 weeks ago - PRNewsWire

MGM RESORTS GOES FULL THROTTLE FOR FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX

Pop-Up Experiences, Exclusive Culinary Events, Thrilling Activations Debut for Race Weekend Click here for the full lineup, more information and to book reservations . Follow @MGMResortsIntl for updat...

6 weeks ago - PRNewsWire

Thousands of casino workers go on strike in Detroit

Casino workers in Detroit are seeking higher wages and better working conditions as the cost of living has increased in recent years.

Other symbols: PENN
7 weeks ago - CNBC

Detroit casino workers go on strike after failed talks

Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos operated by MGM Grand Detroit operated by MGM Resorts International , MotorCity Cas...

Other symbols: PENN
7 weeks ago - Reuters

Should You Pick MGM Resorts Over Boston Scientific Stock For Better Returns?

Given its better prospects, we believe MGM Resorts stock (NYSE: MGM) is a better pick than Boston Scientific stock (NYSE: BSX).

Other symbols: BSX
7 weeks ago - Forbes