MGM Resorts International (MGM)
| Market Cap | 13.31B |
| Revenue (ttm) | 16.16B |
| Net Income (ttm) | 1.14B |
| Shares Out | 317.02M |
| EPS (ttm) | 3.19 |
| PE Ratio | 13.08 |
| Forward PE | 16.99 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,075,016 |
| Open | 41.69 |
| Previous Close | 42.18 |
| Day's Range | 41.25 - 42.38 |
| 52-Week Range | 34.12 - 51.35 |
| Beta | 2.20 |
| Analysts | Buy |
| Price Target | 55.40 (+32.76%) |
| 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 15 analysts, the average rating for MGM stock is "Buy." The 12-month stock price forecast is $55.4, which is an increase of 32.76% from the latest price.
News
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...
MGM Resorts International CEO and CFO to Speak at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum
LAS VEGAS , March 7, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management ...
MGM RESORTS & BETMGM STRENGTHEN RELATIONSHIP WITH KINDBRIDGE, FURTHERING SUPPORT FOR PROBLEM GAMBLING RESEARCH & TREATMENT
Collaboration coincides with entertainment leaders' support of Problem Gambling Awareness Month LAS VEGAS , March 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM announced tod...
MGM Resorts says state, federal regulators probing September cyberattack
MGM Resorts International said on Friday state and federal regulators were probing a cyberattack on its systems that took place in September, which shut down some of the company's operations.
US casinos are becoming more 'recession resilient': Analyst
US commercial gaming revenue hit a new record last year, reaching $66.5 billion in 2023, up 10% year-over-year. Despite numerous economic headwinds and inflation, Americans placed large volumes of wag...
MGM RESORTS INTERNATIONAL LISTED ON PRESTIGIOUS CDP A-LIST
Environmental organization CDP recognizes MGM Resorts for environmental leadership LAS VEGAS , Feb. 20, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has...
MGM's hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover
MGM Resorts International beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing” for its Las Vegas properties, but the stock continued to suffer from a po...
MGM Is the S&P 500's Worst Stock on Wednesday. Why the Casino's Shares Are Falling.
MGM's regional operations see revenue slide 12% in the fourth quarter.