MGM Resorts International (MGM)

NYSE: MGM · IEX Real-Time Price · USD
44.80
-0.50 (-1.10%)
Jul 19, 2024, 11:37 AM EDT - Market open
-1.10%
Market Cap 14.06B
Revenue (ttm) 16.67B
Net Income (ttm) 892.85M
Shares Out 313.68M
EPS (ttm) 2.59
PE Ratio 17.42
Forward PE 15.49
Dividend n/a
Ex-Dividend Date n/a
Volume 545,771
Open 45.30
Previous Close 45.30
Day's Range 44.71 - 45.34
52-Week Range 34.12 - 51.35
Beta 2.25
Analysts Strong Buy
Price Target 54.50 (+21.65%)
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]

Founded 1986
Employees 76,000
Stock Exchange NYSE
Ticker Symbol MGM
Full Company Profile

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 Statements

Analyst Forecast

According to 14 analysts, the average rating for MGM stock is "Strong Buy." The 12-month stock price forecast is $54.5, which is an increase of 21.65% from the latest price.

Price Target
$54.5
(21.65% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

BETMGM LAUNCHES MOBILE SPORTS BETTING APP THROUGHOUT WASHINGTON, D.C.

Operator to continue community investment throughout the DMV   Click here to download creative assets WASHINGTON, July 17, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, t...

1 day ago - PRNewsWire

MGM Resorts International Accelerates Digital Innovation Through Strategic Technology Initiatives: 2024 Report

Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "MGM Resorts International - Digital Transformation Strategies" report has been added to ResearchAndMarkets.com's offering. MGM Resorts International, a l...

15 days ago - GlobeNewsWire

Calls of the Day: Adobe, Oracle, Union Pacific, MGM Resorts and Nike

The Investment Committee discuss the latest Calls Of The Day.

Other symbols: ADBENKEORCLUNP
15 days ago - CNBC Television

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...

17 days ago - Forbes

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 ...

23 days ago - PRNewsWire

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...

25 days ago - PRNewsWire

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 ...

4 weeks ago - PRNewsWire

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, ...

4 weeks ago - PRNewsWire

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...

5 weeks ago - Business Wire

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,...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

MGM Resorts CEO Bill Hornbuckle talks Las Vegas' travel boom

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.

2 months ago - CNBC Television

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...

2 months ago - Forbes

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...

2 months ago - PRNewsWire

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.

Other symbols: BALYBYDCZR
2 months ago - CNBC

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.

2 months ago - CNBC

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...

2 months ago - Bloomberg Markets and Finance

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.

2 months ago - Barrons

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - Forbes

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...

3 months ago - Fast Company

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...

3 months ago - TechXplore