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Casino

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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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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.

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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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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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Here's Why MGM Resorts (MGM) is a Strong Value Stock

Churchill Downs

Investors interested in Gaming stocks are likely familiar with MGM Resorts (MGM) and Churchill Downs (CHDN). But which of these two companies is the best option for those looking for undervalued stocks?

MGM or CHDN: Which Is the Better Value Stock Right Now?

Innovative Industrial Properties

Philip Morris

The wages of sin may be death but there is a lot of profit to be made along the way. Sin stocks are often great investments because they tend to be recession-resistant.

3 Scintillating Sin Stocks to Buy for Indulgent Returns

Casino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. NYSE: LVS and Wynn Resorts Ltd. NASDAQ: WYNN trading down 14.4% and 9.22%, respectively.

MGM Resorts Stock: Poised for Hospitality Industry Rebound

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 leader in the global gaming and entertainment sector, is committed to pushing the boundaries of customer experience and operational efficiency through a dedicated digital transformation strategy. The company's robust approach leverages a wide array of emerging technologies, including virtual and augmented reality, artificial intelligence (AI), the Internet of Things (IoT), cloud computing, big data, and robotics. Emerging Technologies and Customer Experience MGM Resorts continues to enhance its technology footprint by adopting new platforms and tools that elevate the guest encounter and streamline business processes. Several MGM Resorts brands, such as Mandalay Bay and Mirage Resorts, are actively exploring the realm of digital innovation, as evidenced by their recent trademarks for non-fungible tokens (NFTs), virtual concerts, and online gaming experiences. Strategic Partnerships and Acquisitions In its latest strategic venture, MGM Resorts' subsidiary, LeoVegas, has entered into an agreement to acquire a predominant share in Push Gaming Holding Limited, a UK-based company specializing in the creation of digital games for the betting industry. This acquisition underscores MGM Resorts' commitment to diversifying its digital offerings and expanding its reach in the growing online gaming market. Commitment to Technological Excellence MGM Resorts' technology initiatives reflect a profound dedication to innovation and the enhancement of guest services. By integrating modern technology into its operations, the company is setting new industry standards and delivering unparalleled experiences to its customers. The adoption of advanced technologies across its portfolio is indicative of MGM Resorts' forward-looking vision and desire to continuously evolve within the sector. For further information on MGM Resorts International's innovative technology strategies and initiatives, interested parties may refer to the latest insights into the company's technology operations and objectives. A selection of companies mentioned in this report includes, but is not limited to:

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

MGM Resorts International is leading the casino and online gaming sectors, with a strong presence in various markets globally. Despite the overall sector decline, MGM's diverse verticals and growth strategy position it for significant price recovery and investor recognition. MGM's strong financial performance, presence in key markets, and upcoming projects make it a compelling investment opportunity with a projected price target of $68 by the end of 3Q24.

MGM: Could Be First Breakout Among Gaming Stocks From Current Undervalued Sector

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 business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region.

Is MGM Stock Poised To Rise To $50 With Macau's Recovery?

Caesars Entertainment

DraftKings

Sports betting is a huge, rapidly growing business in the U.S. According to Statista, the revenue of the U.S. online sports betting market reached about $19 billion in 2023, up from roughly $15 billion in 2022. And in 2026, the sector's sales are expected to surge to nearly $40 billion.

3 Online Sports Betting Stocks That Look Like Likely Winners

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 on Wednesday, July 31, 2024. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces Second Quarter 2024 Earnings Release Date

LeoVegas Group, a subsidiary of MGM Resorts (MGM), is set to expand its product offerings and market reach by acquiring the U.S. sportsbook and online casino platform of the Tipico Group.

MGM Resorts (MGM) to Acquire Tipico's U.S. Sportsbook Platform

Why MGM Resorts (MGM) is a Top Value Stock for the Long-Term

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 agreement to acquire the product and technology platform constituting the U.S sportsbook and online casino from Tipico Group Ltd ("Tipico"). This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023.

MGM Resorts International Announces Agreement to Acquire Tipico's U.S. Sportsbook

MGM Resorts (MGM) to introduce exclusive live casino content and entertainment from Las Vegas venues in partnership with Playtech.

MGM Resorts (MGM) Launches Exclusive Live Casino With Playtech

Royal Caribbean Cruises

United Continental Hlds

Travel is heating up, with nearly 60% of Americans planning leisure trips in the next few months. Airlines expect to carry a record 271M passengers this summer, and cruise lines 34.7M by year-end. Hotel-casinos in Las Vegas, the top U.S. summer spot, report record gaming wins and upticks in visitors and room rates.

Top 3 Travel Stocks (SA Quant)

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 new and unique live casino content to operators in the iGaming industry. Streamed directly from the gaming floors of two of MGM Resorts' most iconic Las Vegas Strip properties, the live casino content, branded as "MGM Live," will be available for licensing in regulated markets worldwide, outside of the United States.

MGM RESORTS INTERNATIONAL AND TECHNOLOGY LEADER PLAYTECH PARTNER TO LAUNCH PROPRIETARY LIVE CASINO CONTENT DIRECTLY FROM LAS VEGAS

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, announced today an exclusive partnership with Brian Christopher Slots that will make Brian Christopher, the top social media influencer for slots and casinos, a BetMGM brand ambassador.

BetMGM Announces Exclusive Partnership with Brian Christopher Slots

MGM Resorts (MGM) focuses on development projects to diversify its geographic reach and earnings. However, a volatile macroeconomic environment is concerning.

Here's Why Investors Should Retain MGM Resorts (MGM) Stock for Now

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 (AOR). Viral Nation, a leader in Social-First transformation, renowned for its expertise in creating impactful campaigns and fostering authentic connections between brands and consumers, will collaborate with MGM Resorts to amplify the brand's presence and engagement within the rapidly evolving di.

MGM Resorts International Taps Viral Nation as Influencer Marketing Agency of Record

Value and growth meet with MGM Resorts stock.

3 Reasons to Love MGM Resorts Stock

Burlington Stores

Dropbox

DaVita

Sterling Construction

Top-ranked stocks MGM Resorts International (MGM), Burlington Stores (BURL), Sterling Infrastructure Inc (STRL), Dropbox (DBX) and DaVita (DVA) are likely to beat on the bottom line in their upcoming releases.

Play Likely Earnings Beat With These 5 Top-Ranked Stocks

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is MGM Resorts International (MGM) Stock Undervalued Right Now?

Costamare

L. B. Foster

Lightspeed Commerce Inc

Superior Uniform Group

FSTR, CMRE, MGM, SGC and LSPD have been added to the Zacks Rank #1 (Strong Buy) List on June 4, 2023.

New Strong Buy Stocks for June 4th

MGM (MGM) reported earnings 30 days ago. What's next for the stock?

Why Is MGM (MGM) Down 5.7% Since Last Earnings Report?

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, Mandalay Bay Resort and Casino  proudly announces the completion of a $100 million redesign of its 2.1 million-square-foot convention center. The comprehensive remodel, tailored to meet the needs and preferences of contemporary meetings and events, includes upgraded technology infrastructure, additional dynamic digital signage and a fresh, invigorating design that complements the resort's tropical-inspired brand.

Mandalay Bay Completes $100 Million Remodel of 2.1 Million-Square-Foot Convention Center

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 that it has donated five million meals into the community since 2016, marking the achievement of a 2025 social impact and sustainability goal well ahead of schedule. In 2023 alone, the Company donated more than 1.2 million meals to feed food insecure people in local communities.

News for MGM Resorts Stock (MGM)