Advanced In-Game Betting, Expanded Prop Markets and Rewards Connectivity Headline New Ways to Play LAS VEGAS, Feb. 5, 2024 /PRNewswire/ -- BetMGM's newly designed mobile sports betting app is now live in Las Vegas, the Sports and Entertainment Capital of the World. Powered by Entain, the newly designed BetMGM Nevada app offers sports fans significant enhancements to the mobile sports betting experience including an exponential increase in prop and parlay wager options, live streaming capabilities, digital d ...

Teasers now live on social channels as part of BetMGM's broader Las Vegas-centric campaign LAS VEGAS, Jan. 18, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, debuted the first of a three-part, star-studded teaser campaign this morning, promoting the company's first-ever Big Game television spot. Featuring the never-before-seen pairing of Tom Brady and Wayne Gretzky, along with actor Vince Vaughn, the upcoming series marks a monumental moment for BetMGM. BetMGM "This year's B ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MGM Resorts (MGM) . This company, which is in the Zacks Gaming industry, shows potential for another earnings beat.When looking at the last two reports, this casino and resort operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.84%, on average, in the last two quarters ...

Tickets on Sale Friday, January 12 Exclusively on BetMGM App LAS VEGAS, Jan. 10, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, will expand its array of festivities for the Big Game weekend with the BetMGM Big Game Bash concert, headlined by Luke Combs. The concert will be hosted at The Chelsea at The Cosmopolitan of Las Vegas Saturday, February 10. "I'm excited to be teaming up with iHeart for BetMGM's Big Game Bash. It's going to be a whole lot of fun," said Combs. Tickets sta ...

LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the fourth quarter and full year 2023 after the market closes on Tuesday, February 13, 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 ...

Contribution strengthens MGM Resorts' continued support of responsible gaming research  LAS VEGAS, Dec. 21, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that it has donated $360,000 to the International Center for Responsible Gaming (ICRG) in support of two 2-year research projects designed to understand, prevent and address potential risks associated with gambling. "These research projects are critical to the continued success of the industry ...

MGM Resorts International (NYSE:MGM) BetMGM Business Update Conference Call December 4, 2023 11:00 AM ET Company Participants Adam Greenblatt - CEO, BetMGM Gary Deutsch - CFO, BetMGM Conference Call Participants Ed Young - Morgan Stanley Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Brandt Montour - Barclays Joe Thomas - HSBC Robin Farley - UBS Chad Beynon - Macquarie Joe Stauff - Susquehanna Operator Good d ...

MGM Resorts International (NYSE:MGM) Bank of America Leveraged Finance Conference Call November 28, 2023 3:30 PM ET Company Participants Jonathan Halkyard - CFO & Treasurer Conference Call Participants James Kayler - Bank of America Merrill Lynch James Kayler I think there might be a few more people wandering, and will kick this off. The clock to start. Afternoon, everyone. Thank you for joining us. Very happy to have MGM Resorts, an old friend, Jonathan Halkyard, Chief Financial Officer of MGM. Thank you, ...

Financial Data and Key Metrics Changes - The company reported consolidated net revenues of $4 billion, a 16% increase from the previous year [20] - Net income was $161 million, and adjusted EBITDAR reached $1.1 billion, significantly supported by MGM China [20] - Free cash flow was $484 million, with net cash from operating activities at $694 million [20] Business Line Data and Key Metrics Changes - In Las Vegas, net revenues were $2.1 billion, down $195 million or 8% year-over-year, with adjusted property EBITDAR decreasing 16% to $714 million [21] - Regional properties generated $925 million in revenues, a 5% decline compared to the prior year, while adjusted property EBITDAR fell 9% to $293 million [22] - In Macau, adjusted property EBITDAR was $226 million, a 23% increase compared to Q3 2019, with casino revenues exceeding 2019 levels [23] Market Data and Key Metrics Changes - Las Vegas occupancy rates fell to 88% in September but rebounded to 95% in October [21] - Macau's market share reached over 15% in October, with an all-time record adjusted property EBITDAR for the month [10][11] Company Strategy and Development Direction - The company is focused on enhancing its casino floor and existing room products to maximize yield and drive international tourism [11] - MGM is preparing for significant events like the Formula One race and expects strong future bookings and group pace into 2024 [9] - The company is also pursuing opportunities in Japan and New York, with plans for substantial investments in both regions [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business following the cybersecurity incident, expecting insurance to cover losses incurred [6][19] - The outlook for 2024 is positive, driven by strong demand for events, improved marketing strategies, and a robust event calendar [9][10] - Management highlighted the importance of maintaining margins and operational performance amidst rising labor costs and inflation [47][82] Other Important Information - The company is negotiating new contracts with unions in Las Vegas and Detroit, aiming for significant pay increases for employees [8] - A new $2 billion share buyback program was approved by the Board, reflecting confidence in the company's financial position [17][53] Q&A Session Summary Question: How is the group mix for next year, especially with the Mandalay Bay Convention Center reopening? - The convention space will be fully renovated by Q2 next year, expected to add about 100,000 extra rooms [31] Question: What are the internal expectations for the Formula One event? - Over 10,000 tickets sold, with an expected $60 million in incremental hotel revenue for the weekend [34] Question: How do non-event periods look compared to last year? - The company is optimistic about future events like the Super Bowl and has seen a growth in convention business [39] Question: What is the impact of higher baccarat hold on EBITDA? - The company has seen a shift in domestic baccarat business, contributing positively to the hold [42] Question: What are the expectations for operating expenses and inflation? - The company anticipates low single-digit inflation in core inputs, with initiatives in place to minimize impacts [82] Question: What is the outlook for the Dubai market regarding gaming legalization? - The company is optimistic about potential gaming legalization in Dubai, with ongoing discussions [62]

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, 2023 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) (State or other jurisdiction of incorpor ...