MGM Resorts International(MGM)
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MGM China Reports 2024 Nine-Month Results
Prnewswire· 2024-10-30 22:38
Visitation Revenue Adjusted EBITDA Posted Year-on-Year GrowthAll Surpassed 2019 LevelsHONG KONG, Oct. 30, 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 and nine months ended September 30, 2024 (the "Period").The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023. For the nine months ende ...
MGM Resorts International(MGM) - 2024 Q3 - Earnings Call Presentation
2024-10-30 22:22
MGM Resorts International INVESTOR PRESENTATION 10.30.2024 Privileged prepared at the request of counsel | --- | --- | --- | |--------------|---------------------------|--------------------------------------------| | | MGM RESORTS INTERNATIONAL | | | | | | | | | | | | | | | | | | | | WORLD-CLASS | OPERATORS | | | | | | | | POISED TO CAPTURE UNPARALLELED | | GLOBAL TAM | AND DIGITAL PLATFORMS | THROUGH ITS RESORTS | | Great Brands | Growing Global Presence | Access to $150 Billion in Regulated TAM 1 | 2 1. C ...
MGM Resorts International(MGM) - 2024 Q3 - Quarterly Report
2024-10-30 20:19
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 September 30, 2024 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 (Exact name of registrant as specified in its charter) Delaware 88-0215232 (State or other juri ...
MGM Resorts International(MGM) - 2024 Q3 - Quarterly Results
2024-10-30 20:15
Exhibit 99.1 MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS • Record 3Q consolidated net revenues • Record results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDAR • MGM China declared a special dividend in August 2024, resulting in approximately $200 million in cash to MGM Resorts in total this year • Repurchased over $300 million of shares in 3Q and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since ...
MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS
Prnewswire· 2024-10-30 20:15
Record 3Q consolidated net revenues Record results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDAR MGM China declared a special dividend in August 2024, resulting in approximately $200 million in cash to MGM Resorts in total this year Repurchased over $300 million of shares in 3Q and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since 2021 Accelerating growth at BetMGM with record 3Q net revenues increasing nearly 20% year-over-year, mor ...
Unveiling MGM (MGM) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-28 14:21
Analysts on Wall Street project that MGM Resorts (MGM) will announce quarterly earnings of $0.58 per share in its forthcoming report, representing a decline of 9.4% year over year. Revenues are projected to reach $4.22 billion, increasing 6.2% from the same quarter last year. Over the last 30 days, there has been a downward revision of 9.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...
MGM RESORTS INTERNATIONAL AND MARRIOTT INTERNATIONAL SIGN AGREEMENT TO LAUNCH W LAS VEGAS
Prnewswire· 2024-10-21 13:00
"Our relationship with Marriott has far exceeded our expectations, demonstrating the power of its brand portfolio and the strength of their distribution channels," said Steve Zanella, President of MGM Resorts Operations. "W Las Vegas, the latest hotel to come to life as part of our collaboration, will allow our guests to access a new luxury lifestyle experience recognized worldwide for its distinct personality, dynamic programming and elevated service culture.""We're thrilled to continue working with MGM to ...
BetMGM wagers that new technology, football can lead to a resurgence
CNBC· 2024-10-08 19:17
As BetMGM tries to regain momentum in the gaming market, it's banking in part on gains in NFL betting and the draw of new technology.The company is the third largest U.S. sportsbook by market share, but has lost ground in recent years in both sports gambling and igaming, or online casino gambling, where it once held the number one position.CEO Adam Greenblatt is counting on newly launched technology to woo customers, he told CNBC on Tuesday at the Global Gaming Expo in Las Vegas.He cited the company's integ ...
MGM Resorts International Announces Third Quarter 2024 Earnings Release Date
Prnewswire· 2024-10-02 13:00
LAS VEGAS, Oct. 2, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2024 after the market closes on Wednesday, October 30, 2024. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations web ...
Casino Stocks Advance Further on Optimism About China's Stimulus Moves
Investopedia· 2024-09-27 18:10
Key TakeawaysShares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International have been lifted by China's measures to boost its economy.The steps by Beijing are expected to boost business at their casinos in Macau.Wynn Resorts also received an upgrade from Morgan Stanley. Shares of Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) gained again Friday on optimism that the big stimulus package announced by China will increase business at their casinos in Macau. All three h ...