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as 07-26-2024 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.
Upcoming Earnings Alert:
Get ready for potential market movements as MGM Resorts International MGM prepares to release earnings report on 31 Jul 2024.
| Founded: | 1986 | Country: | United States |
| Employees: | N/A | City: | LAS VEGAS |
| Market Cap: | 13.3B | IPO Year: | N/A |
| Target Price: | $54.50 | AVG Volume (30 days): | 3.2M |
| Analyst Decision: | Strong Buy | Number of Analysts: | 14 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | 2.59 | EPS Growth: | -44.78 |
| 52 Week Low/High: | $34.12 - $51.35 | Next Earning Date: | 07-31-2024 |
| Revenue: | $16,674,423,000 | Revenue Growth: | 17.87% |
| Revenue Growth (this year): | 7.48% | Revenue Growth (next year): | 1.29% |
Stock Insider Trading Activity of MGM Resorts International (MGM)
| Name | Ticker | Relationship | Date | Transaction | Cost Per Share | Shares | Total Value | Securities Owned After Transaction(s) | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|---|
| Meister Keith A. | MGM | Director | Jun 13 '24 | Sell | $40.44 | 139,300 | $5,633,292.00 | 5,859,478 | SEC Form 4 |
| TAYLOR DANIEL J | MGM | Director | May 21 '24 | Sell | $41.02 | 4,344 | $178,191.75 | 0 | SEC Form 4 |
| JAMMET MARY CHRIS | MGM | Director | May 20 '24 | Sell | $41.11 | 4,344 | $178,582.27 | 5,250 | SEC Form 4 |
| HERMAN ALEXIS | MGM | Director | May 17 '24 | Sell | $41.50 | 4,344 | $180,276.00 | 0 | SEC Form 4 |
| Meister Keith A. | MGM | Director | Mar 12 '24 | Sell | $42.90 | 325,000 | $13,942,500.00 | 6,098,778 | SEC Form 4 |
| Meister Keith A. | MGM | Director | Mar 12 '24 | Sell | $42.98 | 100,000 | $4,298,000.00 | 5,998,778 | SEC Form 4 |
| SANDERS COREY IAN | MGM | CHIEF OPERATING OFFICER | Dec 14 '23 | Sell | $44.82 | 30,000 | $1,344,582.00 | 227,674 | SEC Form 4 |
| McManus John | MGM | CHIEF LEGAL ADMIN OFC AND SECY | Dec 12 '23 | Sell | $43.45 | 10,000 | $434,505.00 | 73,695 | SEC Form 4 |
| McManus John | MGM | CHIEF LEGAL ADMIN OFC AND SECY | Dec 12 '23 | Sell | $45.00 | 10,000 | $450,007.00 | 63,695 | SEC Form 4 |
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The information presented on this page, "MGM MGM Resorts International - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.