MGM Resorts International(MGM)
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MGM China Reports 2024 First Quarter Results
Prnewswire· 2024-05-02 06:14
Record-High Performance and Market Share HONG KONG, May 1, 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 months ended March 31, 2024 (the "Period"). The Group is pleased to see a continuous recovery in Macau. Average daily visitor arrival for the Period reached 97,536 up 8%from the previous quarter, recovered to 85% of same period in 20 ...
MGM Resorts International(MGM) - 2024 Q1 - Quarterly Report
2024-05-02 04:18
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 March 31, 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 jurisdic ...
MGM Resorts International(MGM) - 2024 Q1 - Quarterly Results
2024-05-02 04:15
MGM China业绩 - MGM China在本季度实现了创纪录的业绩,调整后的物业EBITDAR同比增长78%[1] - MGM China的净收入为11亿美元,同比增长71%[5] - 2024年第一季度,MGM中国的净营收为10.56亿美元,较去年同期增长70.9%[24] 拉斯维加斯业绩 - 拉斯维加斯在第一季度继续保持强劲,实现了创纪录的净收入[1] - 拉斯维加斯Strip度假村的净收入为23亿美元,同比增长4%[3] - 2024年第一季度,拉斯维加斯赌城度假村的调整后物业EBITDAR为8.28亿美元,较去年同期略有下降[24] 公司财务状况 - 公司在本季度回购了1200万股股票,自2021年以来总共减少了36%的股数[1] - 公司在本季度实现了自由现金流3770万美元[2] - 公司的净收入达到44亿美元,同比增长13%[2] - 公司在本季度回购了约1200万股普通股,总额为5.11亿美元[7] - 2024年第一季度,MGM度假村国际公司的净营收为43.83亿美元,较2023年同期增长13.3%[24] - 2024年第一季度,MGM度假村国际公司的调整后EBITDAR为12.35亿美元[24] - 2024年第一季度,MGM度假村国际公司的净现金流为3.77亿美元[25] 财务指标解释 - Adjusted EBITDAR是一个非GAAP指标,用作估值指标,不应作为运营指标使用[16] - Adjusted EPS是调整后的每股收益,排除了与财产交易、权益投资净额、债务证券相关的净收益/损失等[17] - RevPAR是每可用客房的酒店收入[19] 公司概况 - MGM Resorts International是一家全球博彩和娱乐公司,拥有国内外酒店和赌场,以其拉斯维加斯品牌为特色[20] - MGM Resorts International在2024年第一季度实现了458,378,000美元的营业收入[22] - MGM Resorts International在2024年第一季度实现了299,726,000美元的净收入[22] - MGM Resorts International在2024年第一季度每股收益为0.67美元[22] - MGM Resorts International在2024年第一季度现金及现金等价物为2,722,292,000美元[23] - MGM Resorts International在2024年第一季度总资产为42,079,053,000美元[23]
MGM RESORTS INTERNATIONAL RELEASES 2023 SOCIAL IMPACT AND SUSTAINABILITY REPORT
Prnewswire· 2024-05-02 02:33
"Our Culture and Enduring Legacy" LAS VEGAS, May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the publication of its 2023 Social Impact and Sustainability Report. The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come. The report also highlights strategies, programs and performance foc ...
Curious about MGM (MGM) Q1 Performance? Explore Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-30 22:20
Wall Street analysts expect MGM Resorts (MGM) to post quarterly earnings of $0.60 per share in its upcoming report, which indicates a year-over-year increase of 36.4%. Revenues are expected to be $4.18 billion, up 8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earn ...
MGM RESORTS LAUNCHES BETMGM IN THE NETHERLANDS
Prnewswire· 2024-04-30 21:00
Dutch entry follows the UK as BetMGM's second international market utilizing LeoVegas' platform & technology LAS VEGAS, April 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today it is launching BetMGM – its wholly owned iGaming and online sports betting brand offering an authentic Vegas experience – in the Netherlands. BetMGM is set to provide Dutch customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclu ...
Factors Setting the Tone for MGM Resorts' (MGM) Q1 Earnings
Zacks Investment Research· 2024-04-30 00:01
MGM Resorts International (MGM) is scheduled to report first-quarter 2024 results on May 1, 2024, after the closing bell.In the last reported quarter, the company’s earnings and revenues topped the Zacks Consensus Estimate by 58.2% and 6.9%, respectively.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 60 cents, indicating an increase of 36.4% from 44 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $4.18 bill ...
MGM Resorts sues FTC, agency chair over cyberattack investigation
TechXplore· 2024-04-17 00:40
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain MGM Resorts International filed a lawsuit April 15 against the Federal Trade Commission and its top officer, Chairwoman Lina M. Khan, claiming the agency violated the company's Fifth Amendment right to due process while investigating a September cyberattack against the company. In the four-count actio ...
MGM Sues FTC Over Probe of Casino Operator's 2023 Cyberattack
Investopedia· 2024-04-16 05:15
MGM度假村诉联邦贸易委员会 - MGM度假村对联邦贸易委员会提起诉讼,指控其对9月份导致赌场运营中断的网络攻击进行调查[1] - MGM认为FTC引用的允许进行调查的法规不适用于公司,违反了其第五修正案权利[2] - MGM度假村起诉联邦贸易委员会和FTC主席Lina Khan,指控其对9月份袭击该赌场运营的网络攻击进行调查[3] - MGM在法庭文件中表示,FTC提出了民事调查要求,要求回答Khan未回答的问题,称调查违宪[6]
Why It's Time to Bet on This Casino Stock
Schaeffers Research· 2024-04-16 00:58
Casino stock MGM Resorts International (NYSE:MGM) is higher today, last seen up 1.2% at $42.98. The equity yesterday pulled back 5% to close below the $42.50 area for the first time since early March, and is coming off its second-straight weekly loss with a 3.3% deficit for 2024. Now looks like the right time to bet on the security's next move higher, however, as this most recent pullback placed it near a historically bullish trendline. Specifically, MGM is trading within one standard deviation of its 126-d ...