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as 11-15-2024 4:00pm EST
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 low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming 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. Further, we estimate MGM will open a resort in Japan in 2030.
| Founded: | 1986 | Country: | United States |
| Employees: | N/A | City: | LAS VEGAS |
| Market Cap: | 13.3B | IPO Year: | N/A |
| Target Price: | $53.69 | AVG Volume (30 days): | 4.5M |
| Analyst Decision: | Strong Buy | Number of Analysts: | 13 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | 2.82 | EPS Growth: | -4.89 |
| 52 Week Low/High: | $33.44 - $48.25 | Next Earning Date: | 10-30-2024 |
| Revenue: | $17,221,656,000 | Revenue Growth: | 12.31% |
| Revenue Growth (this year): | 7.8% | Revenue Growth (next year): | 0.35% |
Stock Insider Trading Activity of MGM Resorts International (MGM)
| Name | Ticker | Relationship | Date | Transaction | AVG Cost Per Share | Shares | Total Value | Securities Owned After Transaction(s) | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|---|
| Meister Keith A. | MGM | Director | Sep 13 '24 | Sell | $37.00 | 121,000 | $4,443,249.39 | 5,742,799 |
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