MGM Resorts reports record full year consolidated net revenues, up 7% to $17.2 billion MGM China has record full year Segment Adjusted EBITDAR of $1.1 billion, an increase of 25% from prior year Repurchased over 33 million shares in 2024, reducing shares outstanding by more than 40% since 2021 BetMGM accelerated its revenue growth through 2024 and expects to be profitable in 2025LAS VEGAS, Feb. 12, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported fi ...

The upcoming report from MGM Resorts (MGM) is expected to reveal quarterly earnings of $0.32 per share, indicating a decline of 69.8% compared to the year-ago period. Analysts forecast revenues of $4.28 billion, representing a decrease of 2.1% year over year.The current level reflects a downward revision of 9.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Pr ...

MGM Resorts International (MGM) is scheduled to report fourth-quarter 2024 results on Feb. 12, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, adjusted earnings and revenues missed the Zacks Consensus Estimate by 6.9% and 0.9%, respectively. On a year-over-year basis, both metrics improved 15.6% and 5.3%, respectively.The company’s earnings beat in three of the trailing four quarters and missed on one occasion, with an average sur ...

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MGM Resorts International’s (MGM) sports betting and iGaming operator, BetMGM LLC, has put forward an update on its fiscal 2024 performance.Jointly owned by MGM Resorts and Entain plc, BetMGM’s iGaming business showcased strong growth trends and delivered notable returns during the fiscal year on the back of improved product offerings and enhanced player engagement. Given the ongoing solid trends across iGaming and Online Sports, BetMGM expects to attain positive EBITDA in 2025, along with $500 million EBIT ...

MGM Resorts (MGM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 12 ...

2024 strategic refinement and delivery underpins confidence of positive EBITDA in 2025 LAS VEGAS, Feb. 4, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Fiscal Year 2024 ("FY 2024") performance. BetMGM's leading iGaming offering, strengthened sports product and enhanced player engagement del ...

Hotel and casino giant MGM Resorts has agreed to pay $45 million to settle more than a dozen class action lawsuits after hackers stole personal data on millions of customers in two separate cyberattacks.MGM agreed to the settlement on January 21, according to a recent court filing, as first reported by The Record. A Las Vegas federal court is scheduled to rule on the settlement on June 18. The settlement proposal was reached following two previously reported data breaches at MGM Resorts in 2019 and 2023. T ...

MGM Resorts trades like a value stock, but there's growth potential investors don't want to miss.MGM Resorts (MGM 1.52%) is one of the dominant resort and casino companies in the U.S. and Macau with growth opportunities in online gaming an upcoming resort in Japan. But the market is pricing this like a value stock, which could be a major opportunity long-term. Travis Hoium digs into the investment opportunity in this video.*Stock prices used were end-of-day prices of Jan. 20, 2025. The video was published o ...

MGM Resorts International's (MGM) sports betting and iGaming brand, BetMGM, has secured exclusive online casino rights of "The Price is Right" and "Family Feud" through a multi-year partnership with Fremantle. The agreement covers intellectual property rights for creating customized slots, table games and non-traditional casino games based on these iconic game shows.Fremantle, known for producing and distributing entertainment content for more than a century, will support BetMGM in bringing game show-inspir ...