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

Las Vegas Sands

Melco Resorts and Entertainment

Wynn Resorts

Macao is considering more regulations, and initial rules being considered could severely limit the upside for casino stocks.

Why Macao's Casino Stocks Got Crushed Today

Casino stocks are taking a beating on Tuesday and it has to do with negative news out of China concerning the coronavirus. The post Casino Stocks: Why WYNN, LVS, MLCO and MGM Are Taking a Hit Today appeared first on InvestorPlace.

Casino Stocks: Why WYNN, LVS, MLCO and MGM Are Taking a Hit Today

Shares in U.S. casinos with operations in Macau fell on Tuesday, with Las Vegas Sands Corp down 12.3% and Wynn Resorts Ltd down 12.4% on concerns about stiffer regulations there and a COVID-19 outbreak.

U.S. casino stocks fall with jitters over Macau regulations, COVID-19 outbreak

Shares of casino stocks, including MGM Resorts International (NYSE: MGM), are trading lower amid reports of increased government oversight of casinos in Macau. MacauBusiness.com reported: The Macau SAR government announced today (Tuesday) the launch of the public consultation for a revised gaming law that proposes for the current sub-concession system to be removed, for government delegates to be designated to oversee gaming operators and for a new illegal deposit crime to be created.

Why MGM Shares Are Falling

MGM Resorts' (MGM) BetMGM, in collaboration with Everi Digital, unveils custom-themed game Borgata 777 Respin.

MGM Resorts' (MGM) BetMGM Collaborates With Everi Holdings

JPMorgan Chase & Co

MGM Resorts International (MGM) CEO Bill Hornbuckle Presents at JPMorgan Gaming, Lodging, Restaurant & Leisure Management Access Forum (Transcript)

The shares of MGM Resorts International   (NYSE:MGM) are up 1.4% to trade at $42.87 this morning, after the casino giant earned an upgrade from Bernstein to "outperform" from "market perform," as well as a price-target hike to $58.90 from $29.60.

Casino Stock Upgraded on Gaming, Sports Betting Presence

Casino visitation in Macau has increased considerably in the first week of September. However, it is still well below the pre-pandemic level.

Macau Casino Traffic Surges: Is the Worst Over for the Industry?

LAS VEGAS, Sept. 9, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will participate in the J.P.

MGM Resorts International CEO and President to Speak at J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum

JERSEY CITY, N.J., Sept. 9, 2021 /PRNewswire/ -- BetMGM announced today the launch of its industry-leading digital sports betting platform in Arizona.

BetMGM Launches Mobile Sports Betting in Arizona

LAS VEGAS, Sept. 8, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will participate in the virtual Bank of America Securities 2021 Gaming and Lodging Conference on Thursday, September 9, 2021.

MGM Resorts International CFO To Speak At Bank Of America Securities 2021 Gaming And Lodging Conference

Caesars Entertainment

DraftKings

Sports betting stocks have been catching more interest in recent weeks ahead of the NFL season that kicks off this Friday. For anyone still wondering how to play the “sports are back, and so is betting” trade, Jefferies picked the top three names in this niche that it sees as the best bets for investors […] The post Jefferies: these are the three best-positioned sports betting stocks appeared first on Invezz.

Jefferies: these are the three best-positioned sports betting stocks

NEW YORK, Sept. 7, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming operator, announced today a partnership with TAPPP, a leader in flexible payment options, to make BetMGM gift cards available at major convenience and grocery retail chains in select U.S. states offering legal sports betting.

BetMGM Partners with TAPPP to Release Retail Gift Cards Across the U.S.

MGM (MGM) reported earnings 30 days ago. What's next for the stock?

MGM (MGM) Up 7.3% Since Last Earnings Report: Can It Continue?

Genius Sports

Companies with exposure to sports betting business may emerge as good investment options to hold onto as football season kicks in.

3 Stocks to Watch as the Football Mania Grips Americans

The city is reporting record gambling results well before the pandemic truly ends.

Las Vegas Is Booming: 3 Stocks to Buy to Profit From the Trend

BetMGM has partnered with Casino del Mar at La Concha Resort to expand its retail and mobile sports betting offerings to Puerto Rico. The financial terms of the deal were not disclosed.

BetMGM To Expand Sports Betting Offerings To Puerto Rico

MGM Resorts' (MGM) BetMGM launches its digital sports betting platform in Wyoming. With this, the company expands BetMGM's mobile and online product offerings to 14 states.

MGM Resorts' (MGM) BetMGM Boosts Online Offerings in Wyoming

SAN JUAN, Puerto Rico, Sept. 2, 2021 /PRNewswire/ -- Casino del Mar at La Concha Resort and BetMGM, a leading sports betting and iGaming company, announced today that they have agreed to a strategic partnership.

Casino del Mar at La Concha Resort Announces Puerto Rico Market Access Agreement with BetMGM

JERSEY CITY, N.J., Sept. 1, 2021 /PRNewswire/ -- BetMGM announced today the launch of its industry-leading digital sports betting platform in Wyoming.

BetMGM Launches Mobile Sports Betting in Wyoming

Bally's

Churchill Downs

FuboTV

Gan Ltd

Penn Entertainment

Rush Street Interactive

So, as its prime time once again for sportsbooks, and as the overall igaming trend continues, which sports betting stocks may be of interest? These 10 appear to be top ones to buy.

10 Sports Betting Stocks to Buy Just in Time for Football Season

Caterpillar

ConocoPhillips

Fiserv

Intercontinental Exchange

Oakmark Fund manager Bill Nygren (Trades, Portfolio) disclosed his second-quarter portfolio earlier this week.

Bill Nygren's Top 5 Trades of the 2nd Quarter

Boyd Gaming

Macao, online gambling, and QE were all working in favor of casino stocks this week.

Why Casino Stocks Have Jumped This Week

Amyris

Blink Charging

Carvana

Plug Power

The Dow Jones rose about 42 points or 0.1%, the S&P 500 lost 0.08%, and the Nasdaq fell 0.04%. Find opportunities in today's market with the best short plays from Q.ai's deep learning algorithms.

Amyris Inc Among Today's Top Shorts As Investors Await More On Fed's Tapering Plans

Casino stocks are trying to form a bottom here, as Covid fears falter. These are my favorite trades in the industry right now.

News for MGM Resorts Stock (MGM)