Adjusted EBITDA up 57% Year-on-YearMarket Share Reached 16.5%HONG KONG, July 31, 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 second quarter and the first half of 2024 (the "Period").The Group is pleased to see Macau continue to grow. Total visitor arrivals in first half of year increased 43% year-on-year to 91,868 per day. The visitation recove ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-10362 MGM Resorts International UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Exhibit 99.1 MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2024 FINANCIAL AND OPERATING RESULTS • Record 2Q consolidated net revenues of $4.3 billion • Record 2Q MGM China Adjusted Property EBITDAR of $294 million; increase of 40% year-over-year as market share remained in the mid-teens • 2Q net income attributable to MGM Resorts of $187 million and 2Q consolidated Adjusted EBITDAR of $1.2 billion • International digital strategy progressed with announced acquisition of Tipico's U.S. platform bringing sp ...

Record 2Q consolidated net revenues of $4.3 billionRecord 2Q MGM China Adjusted Property EBITDAR of $294 million; increase of 40% year-over-year as market share remained in the mid-teens2Q net income attributable to MGM Resorts of $187 million and 2Q consolidated Adjusted EBITDAR of $1.2 billionInternational digital strategy progressed with announced acquisition of Tipico's U.S. platform bringing sports betting product in house and strategic relationship with Playtech to become only U.S. operator to offer l ...

MGM Resorts International (MGM) is scheduled to report second-quarter 2024 results on Jul 31, 2024, after the closing bell.In first-quarter 2024, MGM Resorts reported stellar performance, with earnings per share (EPS) beating the Zacks Consensus Estimate by 23.3% and revenues surpassing the same by 4.8%. Year over year, adjusted EPS and revenues rose 23.3% and 13.2%, respectively. Solid contributions from MGM China and luxury resort properties in Las Vegas drove the company’s performance.MGM has an impressi ...

Analysts on Wall Street project that MGM Resorts (MGM) will announce quarterly earnings of $0.66 per share in its forthcoming report, representing an increase of 11.9% year over year. Revenues are projected to reach $4.18 billion, increasing 6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this time ...

NET REVENUE FROM OPERATIONS OF $1.0 BILLION IN FIRST HALF OF 20241,2Momentum accelerating in a year focused on investment and strategic execution to drive future growthLAS VEGAS, July 29, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on First Half 2024 ("1H 2024") performance.Adam Greenblatt, Chief Ex ...

LAS VEGAS, July 22, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update on BetMGM's 1H 2024 performance at 8:30 a.m. Eastern Time (1:30pm UK) on Monday, July 29, 2024. Upcoming datesJuly 31: MGM Resorts International 2Q 2024 ResultsAugust 8: Entain Group 1H 2024 ResultsAbout BetMGMBetMGM is a market-leading sport ...

Core Viewpoint - MGM Resorts International is experiencing a recovery in its cash-producing casinos in Macao, but its stock has underperformed the S&P 500 over the past decade, raising questions about its potential for market-beating returns [1][5]. Company Overview - MGM Resorts owns 31 hotel and gaming destinations globally, with notable properties including the MGM Grand in Las Vegas and casinos in Mississippi, Michigan, and Maryland [2]. - The company's most significant revenue sources are its two casinos in Macao, which have recently begun to recover from pandemic-related impacts, with revenue rising 78% year-over-year to $1.1 billion in Q1 2024 [2][3]. Financial Performance - In Q1 2024, MGM Resorts reported total revenue of $4.4 billion, a 13% increase from the previous year, with Las Vegas resorts contributing $2.3 billion, approximately 52% of total revenue [4]. - The company reported a net income of $217 million in Q1 2024, which was lower than the previous year's performance due to a one-time sale of the Gold Strike Casino Resort [4]. Market Position - MGM Resorts has outperformed competitors like Las Vegas Sands and Wynn Resorts in terms of delivering positive returns over the past decade, but it has significantly underperformed the S&P 500 [4][5]. - The company's price-to-earnings (P/E) ratio is below 18, which is lower than the S&P 500 average of about 24.5, indicating a less attractive valuation compared to its peers [5]. Future Outlook - The recovery in Macao and the planned $10 billion casino complex in Osaka, Japan, expected to open in 2030, could positively impact MGM's long-term focus on Asia [3][7]. - Despite potential recovery, the stock is viewed as one that investors might want to avoid due to its historical underperformance against the S&P 500 and the cyclicality of the economy [6][7].

MGM Resorts International's (MGM) leading sports betting and the iGaming brand, BetMGM, expanded its mobile sports betting service throughout Washington, D.C. This move allows sports fans across the district to use the BetMGM app and earn rewards from MGM Resorts and Marriott Bonvoy.The strategic expansion follows the D.C. Council's approval of its fiscal 2025 budget, which includes opening the digital sports betting market. MGM retains exclusivity around Nationals Park, operating the BetMGM Sportsbook thro ...