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Mgm Resorts International  (MGM)
Other Ticker:  
 
    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services
 
Price: $42.4500 $0.45 1.071%
Day's High: $42.585 Week Perf: 5.1 %
Day's Low: $ 41.84 30 Day Perf: 5.6 %
Volume (M): 3,857 52 Wk High: $ 51.35
Volume (M$): $ 163,738 52 Wk Avg: $42.19
Open: $42.00 52 Wk Low: $34.12



 Market Capitalization (Millions $) 13,743
 Shares Outstanding (Millions) 324
 Employees 59,000
 Revenues (TTM) (Millions $) 16,674
 Net Income (TTM) (Millions $) 1,135
 Cash Flow (TTM) (Millions $) -1,783
 Capital Exp. (TTM) (Millions $) 964

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
   


Customers Net Income grew by MGM's Customers Net Profit Margin grew to


5.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BYD        0.24% 
CZR        7.95% 
HLT        1.13% 
LVS        1.1% 
MAR        0.39% 
WYNN        0.36% 
• View Complete Report
   



Mgm Resorts International

MGM Resorts International Faces Decline in EPS Amid Revenue Growth in Fiscal First Quarter of 2024

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.

Stock Offering

MGM Resorts International Successfully Completes $750 Million Senior Note Offering, Driving Growth and Confidence Among Shareholders

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...

Stock Offering

MGM Resorts International Positions Itself for Future Growth with $750 Million Senior Notes 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...

Mgm Resorts International

MGM Resorts International Achieves Impressive Financial Gain in Smooth Third Quarter of 2023

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.

Mgm Resorts International

MGM Resorts International Defies Odds: Profits Surge Amidst Slower Pace in Q2 2023, Beats Hotel & Tourism Sector Growth

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.






 

Mgm Resorts International's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Mgm Resorts International does not provide revenue guidance.

Earnings Outlook
Mgm Resorts International does not provide earnings estimates.

 
Geographic Revenue Dispersion




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