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MGM Resorts/$MGM

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About MGM Resorts

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.

Ticker

$MGM
Sector
Consumer Discretionary

Trading on

NYSE

Industry

Hotels, Restaurants & Leisure
Headquarters
Las Vegas, United States

Employees

67,000
Website
www.mgmresorts.com

MGM Resorts Metrics

BasicAdvanced
$9.6B
11.48
$2.82
2.24
-

$9.6B

2.24

$48.25

$31.61

4M

1.243

1.062

819.375

841.031

3.92%

2.53%

29.01%

11.481

0.596

2.97

-2.58

7.706

12.31%

-4.89%

30.21%

31.21%

What the Analysts think about MGM Resorts

Analyst Ratings

Analyst ratings (Buy, Hold, Sell) for MGM Resorts stock.

MGM Resorts Financial Performance

Income Statement

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

MGM Resorts Earnings Performance

Earnings per share (EPS)

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-

MGM Resorts News

AllArticlesVideos
MGM Resorts: Ready To Roll The Dice On A Market Leader And Cashflow Generator

MGM Resorts: Ready To Roll The Dice On A Market Leader And Cashflow Generator

Seeking Alpha·2 days ago
Tax Loss Selling, Three (More) Oversold Stocks

Tax Loss Selling, Three (More) Oversold Stocks

Seeking Alpha·4 weeks ago
Why MGM Is A Buy: The Complete Guide

Why MGM Is A Buy: The Complete Guide

Seeking Alpha·2 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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FAQs

What’s the current market cap for MGM Resorts stock?

MGM Resorts (MGM) has a market cap of $9.6B as of January 15, 2025.

What is the P/E ratio for MGM Resorts stock?

The price to earnings (P/E) ratio for MGM Resorts (MGM) stock is 11.48 as of January 15, 2025.

Does MGM Resorts stock pay dividends?

No, MGM Resorts (MGM) stock does not pay dividends to its shareholders as of January 15, 2025.

When is the next MGM Resorts dividend payment date?

MGM Resorts (MGM) stock does not pay dividends to its shareholders.

What is the beta indicator for MGM Resorts?

MGM Resorts (MGM) has a beta rating of 2.24. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.