diegograndi Above: MGM (NYSE:MGM) is an industry giant selling at an everyman's price. Mr. Market's negativity on MGM is rooted in, among other things, the debt load ($31b), but the current ratio sits at a reasonable 1.57. The company's global vision is hard to understand, for many investors don't care about what will be, but what is. Yet the company's US business has major footprints on the Vegas strip (13 properties total 31), the metro northeast and is a strong contender in the bidding on metro New York ...

MGM Resorts is generating cash and buying back stock, so why is the market worried?MGM Resorts (MGM -4.85%) reported solid numbers in the second quarter, but the stock dropped like a rock after earnings. What is the market seeing and why is this a buying opportunity? That's exactly what Travis Hoium covers in this video.*Stock prices used were end-of-day prices of Aug. 1, 2024. The video was published on Aug. 2, 2024. ...

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. (NASDAQ: INSE), a leading provider of B2B gaming content, technology, hardware, and services, and BetMGM, a leading iGaming and sports betting operator, announced today that the innovative Hybrid Dealer® game MGM Bonus City is now available in Michigan. The game debuted in October 2023 in New Jersey and is available exclusively at BetMGM Casino. “MGM Bonus City is an immersive experience for players and Inspired did a fantastic job com ...

Earnings were great, but the market had questions about the future.Shares of casino stock MGM Resorts (MGM -14.10%) dropped as much as 14.8% on Thursday after the company reported better-than-expected second-quarter 2024 financial results. Shares were still down 14.5% at 2:30 p.m. ET.Good, but not good enoughQuarterly revenue rose from $3.94 billion a year ago to $4.33 billion, and net income fell from $200.8 million to $187.1 million on higher labor costs. But earnings per share were up $0.05 to $0.60 per ...

Key TakeawaysMGM Resorts International raised concerns about advance bookings for a Formula 1 car race in Las Vegas scheduled for November, and the company's shares slid Thursday.Chief Executive Officer (CEO) Bill Hornbuckle said Wednesday that MGM Resorts' room rates around the event are showing some softness, which could affect fourth-quarter results.The hotel and casino operator's second-quarter profit and sales released Wednesday beat estimates. Shares of hotel and casino operator MGM Resorts Internatio ...

MGM Resorts International (MGM) reported impressive second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis.During the quarter, the company exhibited strong financial performance and growth, setting a record for MGM China Adjusted Property EBITDAR. Also, it stated the benefits of Las Vegas expansion and strategic partnership with Marriott. MGM’s meetings and convention business witnessed improvement, sup ...

MGM Resorts International (NYSE:MGM) Q2 2024 Earnings Conference Call July 31, 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 Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo S ...

For the quarter ended June 2024, MGM Resorts (MGM) reported revenue of $4.33 billion, up 9.8% over the same period last year. EPS came in at $0.86, compared to $0.59 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.18 billion, representing a surprise of +3.56%. The company delivered an EPS surprise of +30.30%, with the consensus EPS estimate being $0.66.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Adjusted EBITDA up 57% Year-on-YearMarket Share Reached 16.5%HONG KONG, July 31, 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 second quarter and the first half of 2024 (the "Period").The Group is pleased to see Macau continue to grow. Total visitor arrivals in first half of year increased 43% year-on-year to 91,868 per day. The visitation recove ...

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 June 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 jurisdict ...