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MGM RESORTS INTERNATIONAL SHIFTS INTO HIGH GEAR FOR 2024 LAS VEGAS GRAND PRIX NOVEMBER 21-23
Prnewswire· 2024-11-01 13:30
New Experiences Revealed for Once-in-a-Lifetime Race Weekend Across Iconic Center-Strip ResortsClick here for the full lineup, more information and to book reservations;Follow @MGMResortsIntl for updatesLAS VEGAS, Nov. 1, 2024 /PRNewswire/ -- Push! Push! MGM Resorts International is going full throttle for the second lap of the Las Vegas Grand Prix featuring a robust roster of activations and events across The Strip designed to entertain fans leading up to and during race weekend.Race fans can party with th ...
Down 12%, This Stock Is a Screaming Buy Today
The Motley Fool· 2024-11-01 11:37
The fundamentals are good for this entertainment company, but the market's reaction to earnings gets the potential wrong.Shares of MGM Resorts (MGM -10.96%) fell as much as 12.4% on Thursday after the company released earnings, but the numbers weren't as bad as the market seems to think. In this video, Travis Hoium explains what happened and where MGM is stronger than you might think.*Stock prices used were end-of-day prices of Oct. 31, 2024. The video was published on Oct. 31, 2024. ...
MGM Resorts' Q3 Earnings Miss Estimates, Revenues Increase Y/Y
ZACKS· 2024-10-31 11:56
MGM Resorts International (MGM) reported third-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The top line increased year over year while the bottom line declined from the prior-year's quarter figure. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. During the quarter, the company reported sequential improvements in Las Vegas, driven by growth in Average Daily Rate and occupancy levels. The company emphasized advancements in digital investment ...
MGM Resorts International(MGM) - 2024 Q3 - Earnings Call Transcript
2024-10-31 00:51
MGM Resorts International (NYSE:MGM) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Chapman - Director of Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Gary Fritz - President, MGM Resorts International Interactive Corey Sanders - Chief Operating Officer Hubert Wang - COO and President, MGM China Holdings Kenneth Feng - Executive Director and President of MGM China Holdings Conference Call Pa ...
MGM (MGM) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-30 23:36
MGM Resorts (MGM) reported $4.18 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $0.54 for the same period compares to $0.64 a year ago. The reported revenue represents a surprise of -0.89% over the Zacks Consensus Estimate of $4.22 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -6.90%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...
MGM Resorts (MGM) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-10-30 22:45
MGM Resorts (MGM) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.90%. A quarter ago, it was expected that this casino and resort operator would post earnings of $0.66 per share when it actually produced earnings of $0.86, delivering a surprise of 30.30%.Over the last four quarters ...
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 ...