MGM Resorts International (MGM)
| 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]
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 StatementsAnalyst 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.
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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.
MGM expects $60 million in incremental hotel revenue from F1 weekend
CNBC's Contessa Brewer reports on news from Caesars and MGM Resorts.
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.
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.
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.
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...
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:...
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...
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...
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...
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...
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...
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 ...
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...
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.
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...
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).