1. Home
  2. MGM

MGM

MGM Resorts International

Logo MGM Resorts International

Consumer Discretionary

Hotels/Resorts

Nasdaq

as 04-12-2024 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 U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. 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
United States
Employees: N/A City: LAS VEGAS
Market Cap: 14.2B IPO Year: N/A
Target Price: $55.36 AVG Volume (30 days): 3.9M
Analyst Decision: Buy Number of Analysts: 14
Dividend Yield: N/A Dividend Payout Frequency: N/A
EPS: 3.19 EPS Growth: -8.60
52 Week Low/High: $34.12 - $51.35 Next Earning Date: 05-01-2024
Revenue: $16,164,249,000 Revenue Growth: 23.13%
Revenue Growth (this year): 4.66% Revenue Growth (next year): 1.61%

Share on Social Networks: