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Mgm Resorts International  (MGM)
Other Ticker:  
 
    Sector  Services    Industry Casinos & Gaming
   Industry Casinos & Gaming
   Sector  Services

Mgm Resorts International's

Competitiveness


 

MGM Sales vs. its Competitors Q1 2020



Comparing the results to its competitors, Mgm Resorts International reported Total Revenue decrease in the 1 quarter 2020 year on year by -29.09 %, faster than overall decrease of Mgm Resorts International's competitors by -19.66 %, recorded in the same quarter.

List of MGM Competitors

With net margin of 29.94 % company achieved higher profitability than its competitors.

More on MGM Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Mgm Resorts International Net Income in the 1 quarter 2020 grew year on year by 919.57 %, while most of its competitors have experienced contraction in net income

<<  More on MGM Income Comparisons


Mgm Resorts International's Comment on Competitors and Industry Peers


Our casino resorts operate in highly competitive environments. We compete against gaming companies, as well as other hospitality companies in the markets in which we operate, neighboring markets, and in other parts of the world, including non-gaming resort destinations such as Hawaii. Our gaming operations compete to a lesser extent with state-sponsored lotteries, off-track wagering, card parlors, online gambling and other forms of legalized gaming in the United States and internationally.

Our primary methods of successful competition include:

Locating our resorts in desirable leisure and business travel markets and operating at superior sites within those markets;

Constructing and maintaining high-quality resorts and facilities, including luxurious guestrooms, state-of-the-art convention facilities and premier dining, entertainment, retail and other amenities;

Recruiting, training and retaining well-qualified and motivated employees who provide superior customer service;

Providing unique, “must-see” entertainment attractions; and

Developing distinctive and memorable marketing, promotional and customer loyalty programs.

Our Las Vegas casino resorts compete for customers with a large number of other hotel casinos in the Las Vegas area, including major hotel casinos on or near the Las Vegas Strip, major hotel casinos in the downtown area, which is about five miles from the center of the Las Vegas Strip, and several major hotel casinos elsewhere in the Las Vegas area. Our Las Vegas Strip Resorts also compete, in part, with each other. Major competitors, including new entrants, have either recently expanded their hotel room capacity or have plans to expand their capacity or construct new resorts in Las Vegas. Also, the growth of gaming in areas outside Las Vegas has increased the competition faced by our operations in Las Vegas.

Outside Nevada, our resorts primarily compete with other hotel casinos in their markets and for customers in surrounding regional gaming markets, where location is a critical factor to success. In addition, we compete with gaming operations in surrounding jurisdictions and other leisure destinations in each region.

Our key competitors in Macau include five other gaming concessionaires and subconcessionaires. If the Macau government were to grant additional concessions or subconcessions, we would face additional competition which could have a material adverse effect on our financial condition, results of operations or cash flows. Additionally, we face competition at our Macau and Cotai properties from concessionaires who have expanded their operations, primarily on the Cotai Strip.

We encounter competition from major gaming centers located in other areas of Asia and around the world including, but not limited to, Singapore, South Korea, Vietnam, Cambodia, the Philippines, Australia, and Las Vegas

 





  

Total Segment Market Share Q1 2020

despite revenue deterioration, Mgm Resorts International inceased its market share in this segment.

company inceased its market share in this segment to approximate 24.8 %.



<<  More on MGM Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


MGM's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Mgm Resorts International MGM 10,069 11,976 2,823 52,000
Marriott International Inc MAR 34,410 20,641 929 123,500
Starwood Hotel & Resorts Worldwide, Inc HOT 0 6,115 635 180,400
Hilton Worldwide Holdings Inc HLT 25,833 8,822 745 0
Boston Properties Inc BXP 14,833 2,987 1,103 750
Loews Corp L 10,184 14,273 -569 17,510
Host Hotels and Resorts Inc HST 0 5,131 740 251
Carnival Corporation CCL 11,818 20,941 1,873 94,100
Wynn Resorts Limited WYNN 9,973 5,913 -299 16,800
Drive Shack Inc NCT 0 279 -58 4,400
Caesars Entertainment Corp CZR 9,843 8,455 -792 64,000
Las Vegas Sands Corp LVS 39,568 11,875 2,509 50,000
Melco Resorts and Entertainment Limited MLCO 25,434 5,737 394 23,078
Boyd Gaming Corp BYD 2,604 3,179 -35 24,300
Monarch Casino and Resort Inc MCRI 791 128 32 2,300
Century Casinos Inc CNTY 167 260 -64 2,786
Eldorado Resorts inc ERI 3,031 4,337 -134 0
SUBTOTAL 198,558 131,049 9,833 656,175


       
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