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.

General and administrative

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Income from unconsolidated affiliates

Property transactions, net

Preopening and start-up expenses

Gain on REIT transactions, net

Gain on consolidation of CityCenter, net

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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

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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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Book value per share

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Caesars Entertainment

DraftKings

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Las Vegas Sands

Penn Entertainment

Wynn Resorts

The Nevada Gaming Commission report includes some important news for MGM Resorts and casino investors.

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MGM Resorts' (MGM) BetMGM continues to expand its presence. BetMGM announces an exclusive market access partnership with the Puyallup Tribe of Indians for sport betting in Washington state.

MGM Resorts' (MGM) BetMGM Partners With Emerald Queen Casino

MGM Resorts, which is gradually recovering from the pandemic's impact, generates most revenue and profit from its casino resorts on the Las Vegas Strip.

How MGM Resorts Makes Money: Las Vegas Properties Are Most Profitable

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Sin stocks are considered defensive and tend to remain more stable under tough economic conditions. Here are the top ones to watch in 2021.

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TACOMA, Wash., Oct. 4, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an exclusive market access partnership with the Puyallup Tribe of Indians to operate retail sports betting at the Emerald Queen Casino (EQC) in Washington state.

Puyallup Tribe of Indians and BetMGM Establish Partnership to Operate Sports Betting at Emerald Queen Casino in Washington

The shares of MGM Resorts International   (NYSE:MGM) are up 2.9% at $44.37 this morning, brushing off a downgrade from Susquehanna to "negative" from "neutral.

MGM Resorts International Stock Brushes Off Downgrade

LAS VEGAS, Oct. 1, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the third quarter 2021 after the market closes on Wednesday, November 3, 2021. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces Third Quarter 2021 Earnings Release Date

Another big acquisition gives MGM Resorts control of a large portion of the Las Vegas Strip.

MGM Resorts Is Making Moves on the Las Vegas Strip

The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. For the past several years, MGM Resorts International (NYSE: MGM) has been among the companies pushing to land a highly coveted position in the Japanese casino market.

MGM Gets Closer To Japan Casino: What Investors Should Know

Blackstone Mortgage Trust

LAS VEGAS, Sept. 28, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts" or the "Company") (NYSE: MGM) today announced the closing of the previously announced purchase of Infinity World Development Corp's ("Infinity World") 50 percent interest in CityCenter Holdings, LLC for $2.125 billion.

MGM Resorts International Closes Purchase Of Infinity World's 50% Interest In CityCenter And Completes Sale-Leaseback Transaction Of CityCenter Real Estate Assets With Blackstone

MGM Resorts International (NYSE: MGM) has announced that MGM Japan, with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner. The proposed resort development plan is expected to cost about $10 billion.

MGM Resorts To Be Osaka's Integrated Resort Partner

On Tuesday MGM Resorts International (NYSE:MGM) shares edged slightly higher after reports emerged suggesting the company had moved closer to receiving approval for the Osaka resorts deal. The reports followed Monday's announcement that the company had agreed to purchase Cosmopolitan casino and hotel business from Blackstone Inc. (NYSE:BX) for $1.6 billion.

As MGM Resorts nears Osaka resort approval, should you buy MGM shares now?

MGM Resorts (MGM) anticipates significant synergies and strategic value addition from the acquisition of The Cosmopolitan of Las Vegas.

MGM Resorts (MGM) to Acquire The Cosmopolitan of Las Vegas

LAS VEGAS, Sept. 28, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today announced that MGM Japan, together with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner.

MGM Resorts Selected By Osaka As Integrated Resort Partner

Blackstone Group

Blackstone Inc. (NYSE: BX) has told investors that it has agreed on the Cosmopolitan casino and hotel sale for $5.65 billion. The asset sale located on the Las Vegas Strip is Blackstone's most profitable sale for a single asset in its history.

Blackstone to make its most profitable property deal ever

MGM Resorts International (NYSE: MGM) has signed an agreement with Blackstone Inc (NYSE: BX) to acquire the operations of The Cosmopolitan of Las Vegas for cash consideration of $1.625 billion, subject to customary working capital adjustments. The Cosmopolitan is a luxury resort and casino on the Las Vegas Strip.

MGM Resorts To Acquire Operations Of The Cosmopolitan Of Las Vegas For $1.6B

(Reuters) -Blackstone Inc said on Monday it would sell its The Cosmopolitan of Las Vegas resort and casino for $5.65 billion.

Blackstone to sell The Cosmopolitan resort and casino for $5.65 billion

Blackstone Group Inc. BX, -1.57% said Monday its Blackstone Real Estate Partners VII LP fund agreed to sell The Cosmopolitan of Las Vegas for $5.65 billion, seven years after it paid $1.7 billion for it. MGM Resorts International MGM, -0.07% will acquire the operations of The Cosmopolitan.

Blackstone flips Cosmopolitan in Las Vegas for triple the price it paid

LAS VEGAS, Sept. 27, 2021 /PRNewswire/ -- MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) today announced that the Company has entered into a definitive agreement with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion, subject to customary working capital adjustments.

MGM Resorts International Announces Transaction to Acquire the Operations of The Cosmopolitan of Las Vegas

MGM's Vegas segment is poised to ramp beyond the $1b in 2Q'21 reported as we enter the early phase of Delta variant easing. Macau stocks hammered on worrisome regulatory news that on balance is not as threatening as it may seem.

MGM Resorts: Overcoming Challenges In Segments, The Stock Is Ready To Break Out Above $60

JERSEY CITY, N.J., Sept. 24, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, announced today the signing of mixed martial arts (MMA) journalist Ariel Helwani as a brand ambassador.

MMA Personality Ariel Helwani Named BetMGM Brand Ambassador

LAS VEGAS, Sept. 23, 2021 /PRNewswire/ -- MGM Resorts International and BetMGM, the joint venture between MGM Resorts and Entain, are proud to join the American Gaming Association (AGA) as official partners of its Have A Game Plan ® mission.

MGM Resorts & BetMGM Named Official Partners Of American Gaming Association's Have A Game Plan® Mission

DraftKings has upped its offer for Entain, putting MGM Resorts in a power position during negotiations.

News for MGM Resorts Stock (MGM)