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

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Earnings data Q1 2023

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Earnings data Q1 2024

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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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Operating income

EBITDA

Net income

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Net PPE

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Income tax payable

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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

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Cash from financing

Change in stock

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Free cash flow

Wynn Resorts

Gaming industry in 2020 is likely to benefit from legalization of sports betting outside Nevada.

MGM Resorts vs Wynn Resorts: Which is the Better Gaming Stock?

MGM Resorts' (MGM) Springfield is facing stiff competition from casinos in New York and New Hampshire.

MGM Resorts' (MGM) Springfield Casino Disappoints in December

MGM Resorts (MGM) continues to strengthen its sports betting footprint following the legalization outside Nevada.

MGM Resorts Partners With NLL to Push Up Sports Betting

MGM Resorts (MGM) announces that it will sell two of its Las Vegas properties. "MGP" and "BREIT" form a joint venture to acquire the MGM Grand Las Vegas and Mandalay Bay resorts.

MGM Resorts (MGM) Agrees to Sell Properties in Las Vegas

MGM Resorts International said Tuesday that it plans to sell the MGM Grand and Mandalay Bay properties to a joint venture of MGM Growth Properties LLC and Blackstone Real Estate Income Trust, Inc. for $4.6 billion.

MGM To Sell Las Vegas Resorts To Joint Venture In $4.6B Deal

MGM Resorts International announced plans Tuesday to sell its MGM Grand and Mandalay Bay casino properties for $4.6 billion in a deal involving private equity giant Blackstone Group. A new joint venture between the Blackstone Real Estate Income Trust and MGM Growth Properties will buy the splashy Las Vegas Strip complexes, which have more than.

MGM Resorts selling Mandalay Bay, MGM Grand casinos for $4.6B

MGM Resorts is selling the MGM Grand Las Vegas and Mandalay Bay resorts for $2.5 billion as the casino giant continues to shed real estate.

MGM Strikes $2.5 Billion Deal To Sell These Iconic Sin City Resorts

MGM Resorts International (NYSE: MGM) announced Tuesday that it has agreed to sell the real estate assets of its MGM Grand Las Vegas property to a new joint venture between MGM Growth Properties LLC (NYSE: MGP) and Blackstone Real Estate Income Trust (BREIT), an affiliate of private equity firm Blackstone Group Inc. (NYSE: BX).

MGM Continues Property Sales With $2.5 Billion Agreement

MGM Resorts International MGM, +0.48% announced Monday an agreement to sell the MGM Grand Las Vegas real estate assets in a deal valued at $2.5 billion, to a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust.

MGM Resorts to sell MGM Grand Las Vegas for $2.5 billion

Hilton Worldwide Holdings

Marriott

I got three buy signals triggered in the hotel stocks group this week. I like these stocks as they are emerging from pullbacks within uptrends.

3 Hotel Stocks With Trading Buy Signals

Las Vegas Sands

Melco Resorts and Entertainment

Casino stocks are finishing the year strong after investors have received good news out of Macau, China.

Analyst: Xi's Macau Visit Bullish For Casino Stocks

High-rolling VIPs have been dialing back their gambling in the world's biggest casino market.

Macao Is Ending 2019 on a Down Note

Mainland China, a primary contributor to the Macau's gaming revenues, will benefit from increase in daily limit on money transfer from Macau to Mainland China.

Macau Remittance Cap Likely to Rise: Gaming Stocks in Focus

Gaming stocks Wynn Resorts, Las Vegas Sands, MGM Resorts and Melco Resorts & Entertainment got a boost on the stock market after China moved to raise the Macau money transfer limit.

Gaming Stocks Rise As They Get This Boost From Macau

MGM operates 9 properties in Las Vegas, 2 properties in Macau, and 8 properties in other regions of the U.S. In October, the company announced the sale of Bellagio and Circus Circus, two prominent properties in Las Vegas.

Making Sense Of MGM Resorts Decision To Sell Circus Circus And Lease Back Bellagio

Caesars Entertainment

The seaside resort struggles to support nine gambling houses.

Does Atlantic City Have Too Many Casinos?

Boyd Gaming

Gaming Industry Outlook: Macau Performance a Pressing Concern

An increase in visitation in the Las Vegas market, solid long-term prospects of Macau business and the company's focus on non-gaming activities bode well for MGM Resorts (MGM).

MGM Resorts Up 22% in 6 Months: Can the Bull Run Continue?

A slowdown in China and the trade war between Beijing and Washington continues to impact casino operators in Macau.

Macau Gambling Revenues Dip in November: Casino Stocks in Focus

American Express

CBRE Group

Deere & Company

Alphabet

Lowe's

Raytheon

Sempra Energy

Travelers

Varian Medical Systems

Goldman Sachs expects a tempered bull market to continue next year and provides a list of stocks that could outperform.

10 ‘Stellar’ Growth Stocks for a ‘Range-Bound’ Bull Market

Casinos are now money-making machines for investors.

The Best Dividends in Las Vegas

Intel

Keurig Dr Pepper Inc

Kinder Morgan

Insiders invest in Intel, Kinder Morgan, Keurig Dr Pepper and MGM Resorts International.

Top Insider Buys Highlight for the Week of Nov. 22

Coupa Software

Intuitive Surgical

Eli Lilly

Tyson Foods

Steven Cohen (Trades, Portfolio), manager of Point72 Asset Management, disclosed last week that his firm’s top five new buys for the third quarter were MGM Resorts International (NYSE:MGM), Coupa Software Inc. (NASDAQ:COUP), Eli Lily and Co. (NYSE:LLY), Intuitive Surgical Inc. (NASDAQ:ISRG) and Tyson Foods Inc. (NYSE:TSN).

Steven Cohen’s Top 5 Buys in the 3rd Quarter

A moratorium on downstate gambling continues to hold the casino operator in check.

Can MGM Resorts Mine New York City Casino Gold Before 2023?

After Wynn Resorts drops out, MGM looks like it has the inside track for an Osaka license.

News for MGM Resorts Stock (MGM)