Page 1 of 12 • MGM China achieved record quarterly results with Adjusted Property EBITDAR up 78% year over year and resumed its dividend • Las Vegas strength continued in the first quarter with record 1Q net revenues • Marriott strategic licensing agreement successfully launched across 16 brands • MGM Resorts repurchased 12 million shares during the quarter resulting in total share count reduction of 36% since 2021 • Our Japan IR venture completed its credit facility, Japan's largest project financing in hi ...

"Our Culture and Enduring Legacy" LAS VEGAS, May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the publication of its 2023 Social Impact and Sustainability Report. The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come. The report also highlights strategies, programs and performance foc ...

Wall Street analysts expect MGM Resorts (MGM) to post quarterly earnings of $0.60 per share in its upcoming report, which indicates a year-over-year increase of 36.4%. Revenues are expected to be $4.18 billion, up 8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earn ...

Dutch entry follows the UK as BetMGM's second international market utilizing LeoVegas' platform & technology LAS VEGAS, April 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today it is launching BetMGM – its wholly owned iGaming and online sports betting brand offering an authentic Vegas experience – in the Netherlands. BetMGM is set to provide Dutch customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclu ...

MGM Resorts International (MGM) is scheduled to report first-quarter 2024 results on May 1, 2024, after the closing bell.In the last reported quarter, the company’s earnings and revenues topped the Zacks Consensus Estimate by 58.2% and 6.9%, respectively.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 60 cents, indicating an increase of 36.4% from 44 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $4.18 bill ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain MGM Resorts International filed a lawsuit April 15 against the Federal Trade Commission and its top officer, Chairwoman Lina M. Khan, claiming the agency violated the company's Fifth Amendment right to due process while investigating a September cyberattack against the company. In the four-count actio ...

Key TakeawaysMGM Resorts filed suit in federal court Monday against the Federal Trade Commission (FTC) for its probe of the cyberattack that halted operations at the casino operator's properties in September.MGM claims an incident involving FTC Chair Lina Khan, who was at one of MGM's properties at the time of the attack, prompted the investigation.MGM argued its Fifth Amendment rights were violated because the regulations cited by the FTC that allowed it to conduct the investigation didn't apply to the com ...

Casino stock MGM Resorts International (NYSE:MGM) is higher today, last seen up 1.2% at $42.98. The equity yesterday pulled back 5% to close below the $42.50 area for the first time since early March, and is coming off its second-straight weekly loss with a 3.3% deficit for 2024. Now looks like the right time to bet on the security's next move higher, however, as this most recent pullback placed it near a historically bullish trendline. Specifically, MGM is trading within one standard deviation of its 126-d ...

LAS VEGAS, April 9, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has completed its previously announced issuance (the "Offering") of $750,000,000 in aggregate principal amount of 6.500% senior notes due 2032 (the "Notes"), which were issued at par. The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 6.750% senior notes due 2025. Pending such use, the Company may invest the n ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? MGM Resorts (MGM) , which belongs to the Zacks Gaming industry, could be a great candidate to consider.This casino and resort operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 37.29%.For the last reported quarter, MGM ...