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Mgm Resorts International (NYSE: MGM) |
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Price: $33.7700
$-0.17 
-0.501%
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| Day's High:
| $34.77
| Week Perf:
| 6.43 %
|
| Day's Low: |
$ 33.49 |
30 Day Perf: |
2.64 % |
| Volume (M): |
11,170 |
52 Wk High: |
$ 47.26 |
| Volume (M$): |
$ 377,201 |
52 Wk Avg: |
$35.92 |
| Open: |
$34.31 |
52 Wk Low: |
$25.30 |
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| Market Capitalization (Millions $) |
9,763 |
| Shares
Outstanding (Millions) |
289 |
| Employees |
45,000 |
| Revenues (TTM) (Millions $) |
17,134 |
| Net Income (TTM) (Millions $) |
992 |
| Cash Flow (TTM) (Millions $) |
-451 |
| Capital Exp. (TTM) (Millions $) |
1,207 |
Mgm Resorts International
MGM Resorts International is a Delaware corporation incorporated in 1986 that
acts largely as a holding company and, through subsidiaries, owns and operates
integrated casino, hotel, and entertainment resorts across the United States
and in Macau.
We believe we own or invest in several of the finest casino resorts in the
world and we continually reinvest in our resorts to maintain our competitive
advantage. We make significant investments in our resorts through newly remodeled
hotel rooms, restaurants, entertainment and nightlife offerings, as well as
other new features and amenities. We believe we operate the highest quality
resorts in each of the markets in which we operate. Ensuring our resorts are
the premier resorts in their respective markets requires capital investments
to maintain the best possible experiences for our guests.
Most of our revenue is cash-based, through customers wagering with cash or
paying for non-gaming services with cash or credit cards. We rely heavily on
the ability of our resorts to generate operating cash flow to fund capital expenditures,
provide excess cash flow for future development, acquisitions or investments,
and repay debt financings.
Our results of operations do not tend to be seasonal in nature as all of our
casino resorts operate 24 hours a day, every day of the year, with the exception
of Empire City Casino which operates 20 hours a day, every day of the year.
Our primary casino and hotel operations are owned and managed by us. Other resort
amenities may be owned and operated by us, owned by us but managed by third
parties for a fee, or leased to third parties. We utilize third-party management
for specific expertise in operations of restaurants and nightclubs. We lease
space to retail and food and beverage operators, particularly for branding opportunities.
Company Address: 3600 Las Vegas Boulevard South Las Vegas 89109 NV
Company Phone Number: 693-7120 Stock Exchange / Ticker: NYSE MGM
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Customers Net Income fell by |
MGM's Customers Net Profit Margin fell to |
-70.73 % |
1.62 %
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| Stock Performances by Major Competitors |
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| Mgm Resorts International
MGM Resorts International, a prominent Hotels & Tourism company, has experienced a significant decline in their shares over the past month, dropping by -16.44%. This has led to a share price decrease of -17.44% during the second quarter of 2024. Furthermore, their shares are currently trading just 15.6% above the 52-week low.
One of the reasons for this decline is a reduction in earnings per share (EPS), despite experiencing revenue growth from January to March 2024. During the three-month period, the income per share plummeted by -45.97% to $0.67 per share. In contrast, the revenue saw a double-digit increase of 13.172% to $4.38 billion compared to the same period the previous year.
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| Stock Offering
Published Tue, Apr 9 2024 8:15 PM UTC
MGM Resorts International Completes Offering of $750 Million Senior Notes, Providing Significant Impact for Shareholders
LAS VEGAS, April 9, 2024 - In a recent press release, MGM Resorts International (NYSE: MGM) has successfully completed its previously announced issuance of $750 million in aggregate principal amount of 6.500% senior notes due 2032, contributing to a po...
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| Stock Offering
Published Mon, Mar 25 2024 12:07 PM UTC
LAS VEGAS, March 25, 2024 - MGM Resorts International (NYSE: MGM), a leading global hospitality and entertainment company, has announced its plan to raise $750 million through the issuance of senior notes due in 2032. The company aims to utilize the net proceeds from this offering for various purposes, further cementing its position in the industry and supporting its long-te...
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| Mgm Resorts International
MGM Resorts International is a renowned global hospitality and entertainment company that operates resorts, casinos, and various other entertainment facilities. With a diverse portfolio and a strong presence in the industry, the company has proven its ability to adapt and thrive even in challenging times.
In the reported financial span from July to September 2023, MGM Resorts International showcased positive growth and improvements across various financial indicators. The profitability of the company turned positive, with earnings of $0.46 per share compared to a loss of $1.45 per share in the same period a year before. While profits fell by 16.36% from the previous reporting season, the positive earnings suggest that the company is on the right track.
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| Mgm Resorts International
It seems that Mgm Resorts International (MGM) is facing some significant challenges based on its recent financial report. The company announced an earnings per share (EPS) of $0.55 and revenue of $3.87 billion in its June 30, 2023 report. However, this represents a sharp decline from the $4.20 EPS earned in the same period the previous year.
Despite a 20.746% increase in revenue, MGM's income has taken a significant hit. Compared to its counterparts in the Hotels & Tourism sector, MGM's business performance has trailed behind. While the industry as a whole experienced a 22.30% improvement in business compared to the same period last year, MGM has struggled to keep up.
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| Per Share |
Current |
| Earnings (TTM) |
2.25 $ |
| Revenues (TTM) |
59.27 $
|
| Cash Flow (TTM) |
- |
| Cash |
7.85 $
|
| Book Value |
12.41 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
|
| Earnings (TTM) |
2.25 $
|
| Revenues (TTM) |
59.27 $ |
| Cash Flow (TTM) |
- |
| Cash |
7.85 $
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| Book Value |
12.41 $ |
| Dividend (TTM) |
0 $ |
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| Reportable Segments |
|
 98.95 % |
of total Revenue |
| Reportable Las Vegas Strip Resorts |
|
50.88 % |
of total Revenue |
| Reportable Regional Operations |
|
21.05 % |
of total Revenue |
| Reportable MGM China |
|
24.02 % |
of total Revenue |
| Corporate and other |
|
1.05 % |
of total Revenue |
| Casino |
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52.66 % |
of total Revenue |
| Casino Reportable Las Vegas Strip Resorts |
|
12.58 % |
of total Revenue |
| Casino Reportable Regional Operations |
|
15.71 % |
of total Revenue |
| Casino Reportable MGM China |
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20.95 % |
of total Revenue |
| Casino Reportable MGM Digital |
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2.99 % |
of total Revenue |
| Rooms |
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20.19 % |
of total Revenue |
| Rooms Reportable Las Vegas Strip Resorts |
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17.54 % |
of total Revenue |
| Rooms Reportable Regional Operations |
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1.56 % |
of total Revenue |
| Rooms Reportable MGM China |
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1.09 % |
of total Revenue |
| Food and beverage |
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18.01 % |
of total Revenue |
| Food and beverage Reportable Las Vegas Strip Resorts |
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13.7 % |
of total Revenue |
| Food and beverage Reportable Regional Operations |
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2.55 % |
of total Revenue |
| Food and beverage Reportable MGM China |
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1.75 % |
of total Revenue |
| Entertainment retail and other |
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9.15 % |
of total Revenue |
| Entertainment retail and other Reportable Las Vegas Strip Resorts |
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7.06 % |
of total Revenue |
| Entertainment retail and other Reportable Regional Operations |
|
1.23 % |
of total Revenue |
| Entertainment retail and other Reportable MGM China |
|
0.23 % |
of total Revenue |
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10.13%