Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Entertainment, retail and other

Reimbursed costs

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Preopening and start-up expenses

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

MGM Resorts

Mandalay Bay is a 43-story luxury resort and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International. One of the property's towers operates as the Delano; the Four Seasons Hotel is independently operated within the Mandalay Bay tower, occupying 5 floors (35–39).

Mandalay Bay

Bellagio  is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International and was built on the site of the demolished Dunes hotel and casino. Inspired by the Lake Como town of Bellagio in Italy, Bellagio is famed for its elegance. One of its most notable features is an 8-acre (3.2 ha) lake between the building and the Strip, which houses the Fountains of Bellagio, a large dancing water fountain synchronized to music.

Bellagio

Circus Circus Las Vegas is a hotel, 123,928 sq ft (11,513.3 m2) casino, and RV park located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by MGM Resorts International. Circus Circus features circus acts and carnival type games daily on the Midway.

Circus Circus Las Vegas

The Mirage is a 3,044 room Polynesian-themed resort and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States. The resort was built by developer Steve Wynn and is currently owned and operated by MGM Resorts International.

The Mirage

The MGM Grand Las Vegas (formerly Marina and MGM-Marina) is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the largest single hotel in the United States with 6,852 rooms. It is also the third-largest hotel complex in the world by number of rooms and second-largest hotel resort complex in the United States behind the combined The Venetian and The Palazzo. When it opened in 1993, the MGM Grand was the largest hotel complex in the world.

MGM Grand Las Vegas

Excalibur Hotel and Casino is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada, in the United States. It is owned and operated by MGM Resorts International. Excalibur, named for the mythical sword of King Arthur, uses the Medieval theme in several ways. Its facade is a stylized image of a castle. Until 2007, a wizard-like figure representing Merlin looked out from a high turret (since replaced by a figure advertising Dick's Last Resort). Excalibur is situated at the Tropicana - Las Vegas Boulevard intersection. The hotel is linked by overhead pedestrian bridges to neighboring casinos to the north (New York-New York, across Tropicana Avenue) and to the east (Tropicana, across the Strip). A free tram connects Excalibur to its sister MGM Resorts International properties to the south, Luxor and Mandalay Bay.

Excalibur

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986, and is headquartered in Las Vegas, NV.

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

MGM Resorts posts record Q4 earnings, eyes growth opportunities

MGM Resorts delivered strong financial performance driven by record EBITDAR and room night growth.
The company's diverse portfolio and strategic initiatives position it well for future growth.
Challenges include dividend suspension, operational metrics scrutiny, and project uncertainties.
Opportunities lie in continued growth in Macau, digital ventures, and capital allocation strategy.

MGM Resorts reports robust Q1 performance and eyes global expansion

MGM Resorts demonstrated resilience and growth potential across regions, with a focus on profitability and sustained market share.
Strategic investments in property enhancements and digital gaming aim to drive revenue and attract diverse customer segments.
Balanced financial position enables MGM to pursue growth opportunities and navigate potential challenges effectively.
Overall, MGM's performance outlook is positive, with a strong emphasis on market expansion and operational efficiency.

MGM Resorts posts record revenues and BetMGM on track for profitability

MGM Resorts delivered strong financial results, with a focus on margin improvement, digital investments, and strategic acquisitions. BetMGM's positive trajectory towards profitability and loyalty program enhancements driving revenue growth. Challenges include regional revenue variations and competitive pressures in Macau.

MGM Resorts reports record Q3 revenue amidst cybersecurity challenges

MGM Resorts showcased strong financial performance in Q3 2023, driven by record revenues in MGM China and BetMGM, despite short-term challenges.
The company's strategic focus on reducing leverage, growing free cash flow, and prioritizing share repurchases positions it well for future growth and profitability.
Opportunities in gaming expansion in Dubai, iGaming markets, and strategic partnerships offer avenues for revenue diversification and market expansion.
Efficient management of challenges like cybersecurity issues, labor negotiations, and inflationary impacts demonstrates MGM's resilience and adaptability.

MGM Resorts achieves record Q4 results, eyes digital expansion

MGM Resorts' strong performance in 2023 sets a positive tone for 2024, with a focus on innovation, strategic expansion, and event-driven growth. While challenges exist, the company's proactive approach to opportunities positions it well for continued success.

MGM Resorts achieves record Q1 earnings, eyes global expansion

MGM Resorts delivered a standout performance in Q1 2024, driven by strong results in Las Vegas and MGM China. The company's focus on digital expansion, strategic financial decisions, and potential market expansions position it for continued growth and shareholder value creation.

MGM Resorts reports strong Q2 performance driven by luxury and digital growth

MGM Resorts' Q2 performance reflects a balanced growth strategy with a focus on luxury resorts and digital initiatives
Strong partnerships, profitability in BetMGM, and plans for share repurchases signal a positive outlook for the company
While facing challenges in a competitive market, MGM's strategic investments and focus on cash flow generation position it for future success

MGM Resorts reports record Q3 performance and outlines growth strategies

MGM Resorts delivered a robust performance in Q3, driven by record revenues and EBITDAR across segments, showcasing operational strength
BetMGM's success in profitability and online gaming highlights its strategic positioning in the digital market landscape
Challenges include managing expenses, regulatory compliance, and sustaining growth momentum amidst industry competition
Future opportunities center on strategic expansion, market diversification, and innovation to drive sustained value creation

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Enhanced Wagering Functionality, Free $100,000 Survivor Pool and Seamless Nationwide Experience Headline New Ways to Play this Season  JERSEY CITY, N.J. , Sept. 7, 2023 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, is kicking off the football season with extensive evolutions in its sports betting app.

BetMGM Launches Next Generation Sports Betting App for Football Season

MGM Resorts' (MGM) BetMGM launches online Buffalo slot in New Jersey. It stated plans to launch in Pennsylvania and Michigan in the upcoming periods.

MGM Resorts (MGM) BetMGM Boost Offerings With Buffalo Slot

Popular land-based casino slot now available at BetMGM in New Jersey  JERSEY CITY, N.J. , Sept. 5, 2023 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, announced today Buffalo, a land-based casino favorite, is now available at its online casino.

BetMGM First Online Casino in the World to Debut Buffalo Slot

DraftKings

Entain PLC

Flutter Entertainment PLC

The US sports betting and iGaming market are on track to top US$30 billion yearly revenue for the industry in the coming years, just five years after being stationed by the US Supreme Court. So far, 35 states have regulated some form of sports betting or online gaming activity, most of which is catered for by the 'big three' of sportsbook providers: Draftkings Inc (NASDAQ:DKNG) (Draftkings Inc (NASDAQ:DKNG)); FanDuel, which is owned by Flutter Entertainment PLC (LSE:FLTR); and BetMGM, a joint venture between MGM Resorts International (NSX:MGM) and Entain PLC (LSE:ENT).

DraftKings and Big 3 sports betting rivals 'on track' to double market in next three years

LAS VEGAS , Sept. 5, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") and BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts and Entain plc (LSE: ENT) ("Entain"), will participate in the Bank of America Gaming and Lodging Conference on Thursday, September 7, 2023.

MGM Resorts and BetMGM Executives to Speak at the 2023 Bank of America Gaming and Lodging Conference

Here is how MGM Resorts (MGM) and Royal Caribbean (RCL) have performed compared to their sector so far this year.

Is MGM Resorts International (MGM) Outperforming Other Consumer Discretionary Stocks This Year?

Caesars Entertainment

Americans' fondness for gambling is evident as a record 50 million engaged in Super Bowl wagers, spending $16 billion! The 2023 Super Bowl betting surged 61% year over year (YOY), fueled by expanding online platforms.

Game On: 3 Sports Betting Stocks Ready for a Fall Surge

MGM Resorts International is a market leader in hospitality and gaming with a diverse portfolio of properties. The company has a new partnership with Marriott International, which provides access to their 180 million rewards members. MGM's online sports betting business, BetMGM, has potential for growth and market share expansion if management can successfully integrate its reward program.

MGM Resorts: Pent-Up Demand Likely To Translate Into Higher Profits

Stellantis N.V. 

Vital Energy Inc

Certain names constantly garner attention in the fluctuating realm of stock trading, and among the most intriguing are the preferred stocks of Michael Burry. Irrespective of personal reservations, Michael Burry is a testament to savvy investing.

The 3 Most Promising Michael Burry Stocks to Own Now

Companies also committing more than $1 million annually to responsible gaming research and initiatives LAS VEGAS , Aug. 31, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM announced today they are launching a responsible gaming campaign at nine National Football League (NFL) stadiums, promoting their responsible gaming program GameSense during the upcoming football season. With this development, MGM Resorts and BetMGM are among the first gaming operators to promote responsible gaming through marketing within League venues.

MGM RESORTS' & BETMGM'S RESPONSIBLE GAMING PROGRAM GAMESENSE TO BE FEATURED AT NINE NFL STADIUMS

EVgo

Powell Industries

Quanta Services

Vertiv Holdings Co

Workday

XPeng

Nearly everyone in the financial media missed what was by far the most important line of  Fed Chairman Jerome Powell's speech. Specifically, Powell said, “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.

Don't Sleep on These 7 Growth Stocks That Will Mint Millionaires

American Eagle Outfitters

OneSpaWorld Holdings Limited

Carrols Restaurant Group

Robust consumer spending despite rising interest rates bodes well for consumer discretionary stocks such as Carrols Restaurant (TAST), American Eagle Outfitters (AEO), OneSpaWorld (OSW) and MGM Resorts (MGM).

4 Stocks to Make the Most of a Resilient US Consumer

Robust demand for online betting bodes well for the Gaming industry. Stocks like MGM and DKNG are benefiting from an improving industry trend.

2 Gaming Stocks to Buy From a Promising Industry

MGM Resorts (MGM) focuses on a single account, single wallet system to enhance its omnichannel strategy. Also, the emphasis on strategic partnerships bodes well.

MGM Resorts (MGM) Up 24% in the Past Year: More Upside Left?

Employee giving enlivens company commitment to growing and supporting communities  LAS VEGAS , Aug. 23, 2023 /PRNewswire/ -- The MGM Resorts Foundation (the "Foundation") has awarded more than $2.7 million in grants to nonprofit organizations located in communities in which MGM Resorts operates, including Southern Nevada, Michigan, Mississippi, New Jersey, New York, Northeast Ohio, the DC Metropolitan area and Western Massachusetts. 107 nonprofit organizations received funding from the Foundation's Community Grant Fund.

MGM RESORTS FOUNDATION AWARDS MORE THAN $2.7 MILLION TO LOCAL NONPROFIT ORGANIZATIONS

Casino stock MGM Resorts International (NYSE:MGM) is slightly lower today, last seen down 0.6% at $42.27.

MGM Resorts Stock Has Room to Run

BetMGM, an iGaming and online sports betting brand of MGM Resorts (MGM), launches in the UK with a wide range of online product offerings.

MGM Resorts' (MGM) BetMGM Brand Debuts in the United Kingdom

MGM has undergone major structural changes as a company over the last few years. However, it emerged stronger than ever from the pandemic with a deleveraged balance sheet and an impressive portfolio of properties. We think it is trading at very attractive multiples and see the potential for a +40% appreciation in the stock price.

MGM Resorts: Trading At Attractive Multiples, Potential For +40% Price Appreciation

Penn Entertainment

Wynn Resorts

With the NFL and college football seasons right around the corner, you can be sure that people that love to gamble on games and bet on fantasy gaming are ready and set to roll.

5 Sizzling ‘Strong Buy' Gambling Stocks to Grab With the NFL and College Betting Season Right Around the Corner

Las Vegas Sands

Despite continued signs of a strong rebound in Macau, the recovery of Las Vegas Sands, Wynn Resorts, and to an extent MGM Resorts stocks, has stalled in recent months after an impressive start to the year.

Macau Casino Stocks Sank on China's Slowdown. Seize the Opportunity.

BetMGM-branded offering in the UK leverages the technology and platform of LeoVegas LAS VEGAS , Aug. 17, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today the launch of its BetMGM iGaming and online sports betting brand in the United Kingdom, kicking off MGM Resorts' strategy of expanding the BetMGM brand into international markets. The new international BetMGM-branded offering leverages the technology and platform of LeoVegas, the Swedish-based gaming company acquired by MGM Resorts last year.

MGM RESORTS LAUNCHES BETMGM iGAMING AND ONLINE SPORTS BETTING BRAND IN UNITED KINGDOM

Here is how MGM Resorts (MGM) and On Holding (ONON) have performed compared to their sector so far this year.

Has MGM Resorts International (MGM) Outpaced Other Consumer Discretionary Stocks This Year?

Alibaba

Cigna

Capital One

Coherent Corp

CVS Health

Devon Energy

iShares MSCI Japan ETF

iShares MSCI Japan Value ETF

Expedia

Franklin FTSE Japan ETF

First Republic Bank

GEO Group

Generac Holdings

JD.com

SPDR S&P Regional Banking ETF

Liberty Latin America Ltd.

Michael Burry closed out most of his Q1 positions in the second quarter, reducing positions in Signet Jewelers, Liberty Latin America, and New York Community Bancorp. Burry more than doubled his position in The RealReal Inc. and added shares of The GEO Group. Burry purchased a substantial number of put contracts on the S&P 500 ETF and the Invesco Nasdaq 100 ETF and added new positions in Expedia Group, MGM Resorts International, Generac Holdings, and CVS Health Corporation.

News for MGM Resorts Stock (MGM)