Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Entertainment, retail and other

Reimbursed costs

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

Corporate expense

Depreciation and amortization

Income from unconsolidated affiliates

Property transactions, net

Preopening and start-up expenses

Gain on REIT transactions, net

Gain on consolidation of CityCenter, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Boyd Gaming

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Gaming industry in 2021 and beyond is likely to benefit from robust demand for online betting.

Online Betting Prospects Bright: 3 Gaming Stock in Focus

Caesars Entertainment

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Gamblers are coming back, and if conventions return soon, it could be a boom time for gambling stocks.

Is Las Vegas Back? Time to Place Your Bets

LAS VEGAS, May 21, 2021 /PRNewswire/ -- Retired Military Working Dog (MWD) Popeye completed his globe-spanning tour of duty Friday on the Las Vegas Strip, where he was reunited with his former handler, U.S. Army veteran and MGM Resorts employee Michael Steponovich. American Humane, the country's first national humane organization, helped bring these best friends together after months separated by thousands of miles.

American Humane Reunites Heroic Military K-9 with Handler in Las Vegas

Here are 3 casino stocks to monitor in 2021, as a return to normality should be positive news for business, traveling and gambling. The post 3 Casino Stocks to Watch As Land-Based Gambling Declines appeared first on InvestorPlace.

3 Casino Stocks to Watch As Land-Based Gambling Declines

Shares of MGM Resorts International rallied 2.7% in afternoon trading Tuesday, after J.P. Morgan analyst Joseph Greff turned bullish on the casino operator, citing valuation and increasing momentum as its U.S. casinos.

MGM Resorts stock rallies after J.P. Morgan analyst turns bullish after recent pullback

MGM Resorts shares climbed as much as 5% on Tuesday after JPMorgan outlined its newly bullish view on its shares, saying a price pullback and reinvigorated activity in Las Vegas warranted a ratings upgrade to overweight. The investment bank raised the rating from neutral and lifted its 2021 year-end price target to $47 from $45, which implies a more than 20% upside from Monday's close.

MGM Resorts climbs on JPMorgan upgrade citing attractive valuations and Las Vegas reopening optimism (MGM)

MGM Resorts International (NYSE: MGM) shares were trading higher Tuesday after the casino giant landed a high-profile Wall Street upgrade. The MGM Analyst: JPMorgan analyst Joseph Greff upgraded MGM fromNeutral to Overweight and raised the price target from $45 to $47.

4 Reasons Why JPMorgan Upgraded MGM Resorts

MGM Resorts International reported Q1 earnings highlighted by an improving outlook as the company emerges out of the pandemic. Elimination of mask mandate and social distancing requirements in Las Vegas supports expectations of a strong operating environment into the summer months.

Is MGM Resorts Stock A Good Buy Now? What To Know

Churchill Downs

While many casino stocks bottomed out months ago, there are still plenty of bargains. Here are three investors should pay attention to.

3 Top Casino Stocks to Buy as 100% Capacity Comes Closer

It will remain at 80% elsewhere in its operations.

MGM Resorts to Return to 100% Occupancy on Las Vegas Casino Floors

MGM Resorts International (NYSE:MGM) is an American global hospitality and entertainment company.

MGM Jumps as Vegas Gaming Floors Return to Full Capacity

Gambling giant MGM Resorts International on Wednesday joined a growing number of Las Vegas Strip casinos with state regulatory approval to open casino floors at 100 percent capacity and no person-to-person distancing requirement. The company said the Nevada Gaming Control Board granted its waiver for nine properties based on its workforce vaccination rate.

MGM Resorts gets OK to fully open 9 Las Vegas casinos

MGM Resorts International said Wednesday that it was approved by the Nevada Gaming Control Board to return to 100% occupancy and no social distancing on its gaming floors inside its properties on the Las Vegas Strip. The company said the waiver for its properties, which only applies to gaming floors, was granted given MGM's efforts to vaccinate its workforce.

MGM Resorts' Las Vegas Strip gaming floors can return to 100% occupancy, no social distancing

LAS VEGAS, May 12, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) announced today that the Nevada Gaming Control Board has approved a return to 100 percent occupancy and no social distancing on the gaming floors located inside the company's Las Vegas Strip properties. Those properties include: Bellagio Resort & Casino ARIA Resort & Casino MGM Grand Hotel & Casino Mandalay Bay Resort and Casino Park MGM The Mirage Hotel & Casino New York-New York Hotel & Casino Luxor Hotel and Casino  Excalibur Hotel & Casino "This is yet another major milestone in Las Vegas' incredible recovery and a testament to the importance of vaccination in the effort to fully reopen our community," said MGM Resorts CEO & President Bill Hornbuckle.

MGM Resorts Returning To Full Gaming Floor Occupancy At Las Vegas Properties

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MGM Growth Properties

LAS VEGAS, May 11, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) announced today that they have entered into a definitive agreement whereby MGP will purchase the real estate assets associated with MGM Springfield in Western Massachusetts. MGM Resorts will lease the property from MGP and continue to operate the property following the consummation of the transaction, with no expected change to its employees, vendors, customers, and the community.

MGM Resorts International And MGM Growth Properties Announce Transaction On MGM Springfield

DraftKings

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This industry has gone out of favor quickly.

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LAS VEGAS, May 6, 2021 /PRNewswire/ -- The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates.

MGM Resorts International's 2020 Social Impact and Sustainability Report Now Available

LAS VEGAS, May 3, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) was awarded recognition on the Forbes list of Best Employers for Diversity 2021. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

MGM Resorts International Recognized on the Forbes Best Employers for Diversity 2021 List

MGM Growth Properties LLC (MGP) CEO James Stewart on Q1 2021 Results - Earnings Call Transcript

MGM Resorts' (MGM) first-quarter 2021 results hurt by lower business volume, and temporary closure of certain properties for a portion of quarter due to the coronavirus pandemic.

MGM Resorts (MGM) Q1 Earnings & Revenues Beat Estimates

“In Las Vegas and across our regional properties, our initial recovery has been strong,” MGM Resorts CEO Bill Hornbuckle told analysts during the company's first-quarter conference call.

MGM Recovery Gains Steam as Loss Narrows. CEO Sees Robust Leisure Demand Ahead.

JERSEY CITY, N.J., April 29, 2021 /PRNewswire/ -- BetMGM today announced the launch of BetMGM Poker and Borgata Poker in Pennsylvania, giving customers access to benefits tied to Borgata Hotel, Casino & Spa in Atlantic City as well as other MGM Resorts' casino-resorts nationwide.

BetMGM Launches BetMGM Poker and Borgata Poker in Pennsylvania

The shares of MGM Resorts (NYSE: MGM) have gained 13% in the past month supported by the growing market presence of its sports betting and iGaming application, BetMGM. Interestingly, the shares of its competitors, Penn National Gaming and Draft Kings have trended downward.

Time To Book Profits In MGM Resorts Stock?

MGM Resorts International's (MGM) CEO Bill Hornbuckle on Q1 2021 Results - Earnings Call Transcript

News for MGM Resorts Stock (MGM)