MGM Resorts International(MGM)
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MGM Resorts International(MGM) - 2024 Q2 - Quarterly Results
2024-07-31 20:16
Exhibit 99.1 MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2024 FINANCIAL AND OPERATING RESULTS • Record 2Q consolidated net revenues of $4.3 billion • Record 2Q MGM China Adjusted Property EBITDAR of $294 million; increase of 40% year-over-year as market share remained in the mid-teens • 2Q net income attributable to MGM Resorts of $187 million and 2Q consolidated Adjusted EBITDAR of $1.2 billion • International digital strategy progressed with announced acquisition of Tipico's U.S. platform bringing sp ...
MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2024 FINANCIAL AND OPERATING RESULTS
Prnewswire· 2024-07-31 20:15
Record 2Q consolidated net revenues of $4.3 billionRecord 2Q MGM China Adjusted Property EBITDAR of $294 million; increase of 40% year-over-year as market share remained in the mid-teens2Q net income attributable to MGM Resorts of $187 million and 2Q consolidated Adjusted EBITDAR of $1.2 billionInternational digital strategy progressed with announced acquisition of Tipico's U.S. platform bringing sports betting product in house and strategic relationship with Playtech to become only U.S. operator to offer l ...
MGM Resorts (MGM) Stock Before Q2 Earnings: To Buy or Not to Buy?
ZACKS· 2024-07-29 17:11
MGM Resorts International (MGM) is scheduled to report second-quarter 2024 results on Jul 31, 2024, after the closing bell.In first-quarter 2024, MGM Resorts reported stellar performance, with earnings per share (EPS) beating the Zacks Consensus Estimate by 23.3% and revenues surpassing the same by 4.8%. Year over year, adjusted EPS and revenues rose 23.3% and 13.2%, respectively. Solid contributions from MGM China and luxury resort properties in Las Vegas drove the company’s performance.MGM has an impressi ...
MGM (MGM) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-07-29 14:22
Analysts on Wall Street project that MGM Resorts (MGM) will announce quarterly earnings of $0.66 per share in its forthcoming report, representing an increase of 11.9% year over year. Revenues are projected to reach $4.18 billion, increasing 6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this time ...
BETMGM FIRST HALF 2024 UPDATE
Prnewswire· 2024-07-29 06:00
NET REVENUE FROM OPERATIONS OF $1.0 BILLION IN FIRST HALF OF 20241,2Momentum accelerating in a year focused on investment and strategic execution to drive future growthLAS VEGAS, July 29, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on First Half 2024 ("1H 2024") performance.Adam Greenblatt, Chief Ex ...
MGM RESORTS AND ENTAIN NOTICE OF BETMGM 1H 2024 UPDATE
Prnewswire· 2024-07-22 13:00
LAS VEGAS, July 22, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update on BetMGM's 1H 2024 performance at 8:30 a.m. Eastern Time (1:30pm UK) on Monday, July 29, 2024. Upcoming datesJuly 31: MGM Resorts International 2Q 2024 ResultsAugust 8: Entain Group 1H 2024 ResultsAbout BetMGMBetMGM is a market-leading sport ...
Is MGM Resorts International a Buy?
The Motley Fool· 2024-07-19 10:00
Investors need to watch MGM's performance versus the S&P 500.Conditions are finally looking up for MGM Resorts International (MGM -1.93%). After years of pandemic lockdowns, its cash-producing casinos in the Chinese special administrative region of Macao are well into a recovery.However, investors with longer memories know the pandemic's effects on the company and other downturns. The question for investors is whether they can earn market-beating returns with MGM Resorts under such conditions.MGM Resorts ex ...
MGM Resorts' (MGM) BetMGM Expands Reach in Washington DC
ZACKS· 2024-07-18 16:10
MGM Resorts International's (MGM) leading sports betting and the iGaming brand, BetMGM, expanded its mobile sports betting service throughout Washington, D.C. This move allows sports fans across the district to use the BetMGM app and earn rewards from MGM Resorts and Marriott Bonvoy.The strategic expansion follows the D.C. Council's approval of its fiscal 2025 budget, which includes opening the digital sports betting market. MGM retains exclusivity around Nationals Park, operating the BetMGM Sportsbook thro ...
6 Investment Firms Just Increased Their Stakes in MGM Resorts Stock. Should You Do the Same?
The Motley Fool· 2024-07-18 09:45
They sense great potential in the casino operator's collection of assets.The gaming tables at casino operator MGM Resorts International (MGM -1.26%) are getting crowded. That's because a clutch of institutional investors have recently placed chips on the company through investments in its stock. Let's take a brief look at who these players are and a longer one at what's likely piquing their interest in the company.All in on the lionNo less than six entities have piled into MGM in recent months. According to ...
BETMGM LAUNCHES MOBILE SPORTS BETTING APP THROUGHOUT WASHINGTON, D.C.
Prnewswire· 2024-07-17 18:30
Operator to continue community investment throughout the DMV Click here to download creative assets WASHINGTON, July 17, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, today launched mobile sports betting operations across Washington, D.C. Previously accessible within only a two-block radius of the sportsbook's location at Nationals Park, sports fans district-wide now have access to the BetMGM sports wagering experience along with rewards tied to both MGM Resorts and Marriott ...