MGM Resorts International (MGM) reported impressive fourth-quarter 2023 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Both metrics beat the consensus estimate for the fifth consecutive quarter and increased on a year-over-year basis.Despite reporting better-than-expected results, the company’s shares declined 4% during the after-hours trading. This was attributed to the company's disclosure that a significant portion of its revenue was attributed to its Las Vegas resorts, whic ...

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MGM Resorts International, Las Vegas’ largest casino operator, reported record full-year and Q4 net revenue for its operations in the city on Tuesday (Feb. 13), a milestone achievement coming on the heels of a cyberattack which has left the hotel and gaming company facing a $100 million loss. On Sept. 12, PYMNTS wrote that MGM Resorts’ websites remained down two days after the beginning of a cyberattack that, at the time, had caused its websites, including its reservations platform, to remain inaccessible.  ...

MGM Resorts International (NYSE:MGM) Q4 2023 Earnings Conference Call February 13, 2024 5:00 PM ET Company Participants Andrew Chapman - Director, Investor Relations William Hornbuckle - Chief Executive Officer and President Jonathan Halkyard - Chief Financial Officer Corey Sanders - Chief Operating Officer Kenneth Feng - President and Executive Director, MGM China Conference Call Participants Joseph Greff - JPMorgan Carlo Santarelli - Deutsche Bank David Katz - Jefferies Stephen Grambling - Morgan Stanley ...

MGM Resorts (MGM) reported $4.38 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 21.8%. EPS of $1.06 for the same period compares to $0.69 a year ago.The reported revenue represents a surprise of +6.88% over the Zacks Consensus Estimate of $4.09 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +58.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

MGM Resorts (MGM) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 58.21%. A quarter ago, it was expected that this casino and resort operator would post earnings of $0.55 per share when it actually produced earnings of $0.64, delivering a surprise of 16.36%.Over the last four quarters ...

Record-High Performance Across Segments  Growth in Market Share and Margin HONG KONG, Feb. 13, 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 12 months ended December 31, 2023. The Group is pleased to see a solid recovery in Macau since the market reopened in the beginning of last year. Macau saw average daily visitor arrival for 202 ...

MGM Resorts International’s (MGM) sports betting and iGaming partner, BetMGM, provided its performance for 2023. BetMGM's fiscal year 2023 showcased robust financial performance.Net revenues increased 36% year over year, reaching $1.96 billion, which came within the guidance range of $1.8-$2 billion. This growth was primarily driven by a 14% rise in same-state net revenues from digital operations, representing the company's solid footing in the burgeoning online gaming and sports betting sectors.Key perform ...

Unprecedented connection between social media and sports betting integrates BetMGM exclusively into major social media platform JERSEY CITY, N.J., Feb. 9, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today announced a strategic partnership with X, becoming the social media platform's exclusive Live Odds Sports Betting partner. The first-of-its-kind partnership between a premier social media brand and a sports betting operator will integrate BetMGM's odds and branding into X, w ...

Wall Street analysts forecast that MGM Resorts (MGM) will report quarterly earnings of $0.66 per share in its upcoming release, pointing to a year-over-year decline of 4.4%. It is anticipated that revenues will amount to $4.08 billion, exhibiting an increase of 13.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefr ...