Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada.The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino.Scott Sibella, the ex-MGM executive, pleaded guilty in January in the case in U.S. District Court in Los Angeles to one count of failure to fi ...

Matthew Fowler Data from the TSA shows continued record traveler volume. Individuals and families are venturing around the country and abroad, all while business events seem to be booming. That is good news for firms in the Casinos and Gaming industry. What's more, as more individuals place bets electronically, there’s a broad tailwind for firms operating online sports and iGaming. I have a buy rating on MGM Resorts International (NYSE:MGM). I see the stock as undervalued with earnings stabilizing at a ...

halbergman Investment Thesis MGM Resorts International (NYSE:MGM) stock is down by about 6.17% over the last year, trailing the S&P 500 by a margin of about 31.52%. Seeking Alpha Despite the underwhelming performance, I am bullish on this stock given the company's strong financial performance which I believe will amount to solid fundamentals, hence bullish sentiments in the market. In addition, the company has an impressive strategic expansion, which bodes well for its long-term growth. From a valuation and ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...

MGM Resorts International (MGM) reported impressive first-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside was driven by solid performances at MGM China and luxury resort properties in Las Vegas.  Following the results, the stock moved up 3.5% during the after-hours trading session.Earnings & Revenue DiscussionMGM Resorts reported earnings per share (EPS) of 74, outpacing the Zacks Consensus ...

MGM Resorts International (NYSE:MGM) Q1 2024 Earnings Call Transcript May 1, 2024 5:00 PM ET Company Participants Andrew Chapman - Director, Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Corey Sanders - Chief Operating Officer Kenneth Feng - President and Executive Director, MGM China Hubert Wang - COO and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santar ...

F I R S T Q U A R T E R 2 0 2 4 E A R N I N G S M a y 1 , 2 0 2 4 1 M G M R E S O R T S I S A N I N T E R N A T I O N A L B R A N D ...

MGM Resorts (MGM) reported $4.38 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.2%. EPS of $0.74 for the same period compares to $0.44 a year ago.The reported revenue represents a surprise of +4.81% over the Zacks Consensus Estimate of $4.18 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +23.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

MGM Resorts (MGM) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.33%. A quarter ago, it was expected that this casino and resort operator would post earnings of $0.67 per share when it actually produced earnings of $1.06, delivering a surprise of 58.21%.Over the last four quarters ...

Record-High Performance and Market Share HONG KONG, May 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2024 (the "Period"). The Group is pleased to see a continuous recovery in Macau. Average daily visitor arrival for the Period reached 97,536 up 8%from the previous quarter, recovered to 85% of same period in 20 ...