MGM Resorts International(MGM)
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MGM Resorts relies on China sales despite F1 coming to Vegas
Proactive Investors· 2024-02-14 20:14
About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finan ...
MGM Resorts Expands Gaming Brand BetMGM to 29 Markets, Readies Digital Wallet
PYMNTS· 2024-02-14 11:07
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(MGM) - 2023 Q4 - Earnings Call Transcript
2024-02-14 09:50
财务数据和关键指标变化 - 公司2023年第四季度实现净收入44亿美元,同比增长22% [33] - 2023年全年自由现金流达18亿美元 [49] - 公司2023年第四季度实现净利润2.02亿美元 [33] - 2023年第四季度调整后EBITDAR为12亿美元 [33] 各条业务线数据和关键指标变化 - 拉斯维加斯同店净收入增长10%,调整后EBITDAR增长3% [35][37] - 拉斯维加斯高端物业收入同比中单位数增长,占总收入增长约90% [36] - 地区业务同店收入下降7%,调整后EBITDAR下降22% [37][38] - 澳门业务第四季度创下历史最高调整后EBITDAR,全年市占率超过15% [44][45] - BetMGM实现2023年全年收入和下半年盈利目标 [17] 各个市场数据和关键指标变化 - 拉斯维加斯市场表现强劲,举办超级碗和F1赛事取得成功 [12][13][14] - 澳门市场2023年全年和第四季度创下历史最高调整后EBITDAR [16] - 地区业务受到底特律罢工和国家港口高端客户未完全恢复的影响 [37][38][59] 公司战略和发展方向及行业竞争 - 公司继续投资拉斯维加斯高端物业,如贝拉焦、科斯莫波利坦等 [53][54] - 公司在澳门市场调整策略,优化赌场和客房产品,重点服务大众和高端客户 [24][25] - 公司在数字业务方面继续投资,包括收购内容工作室、体育科技公司等 [110] - 公司正关注阿联酋市场的许可证发放和商业机会 [129][130] 管理层对经营环境和未来前景的评论 - 公司对2024年拉斯维加斯和地区业务保持乐观,预计能够实现EBITDAR同比增长 [18][22] - 管理层对澳门市场2024年前景保持乐观,预计访客量将增长17% [24] - 管理层认为BetMGM 2024年将是投资年,但未来几年有望实现盈利 [81][82] 问答环节重要的提问和回答 问题1 **Joseph Greff 提问** 询问F1和超级碗活动对公司业绩的具体影响 [64][65] **William Hornbuckle 和 Corey Sanders 回答** F1活动对公司业绩贡献约5000-7000万美元,超级碗活动影响更广泛,带动了公司各物业的业绩 [64][65][66] 问题2 **Carlo Santarelli 提问** 询问公司拉斯维加斯业务的赌场持牌率对业绩的影响 [71][72] **Jonathan Halkyard 回答** 公司不再量化赌场持牌率对业绩的具体影响,但确实对业绩产生正面影响,同时也伴随有一些相关成本 [72][73] 问题3 **David Katz 提问** 询问BetMGM未来发展策略和盈利前景 [81][82] **William Hornbuckle 回答** 2024年将是BetMGM的投资年,重点在于产品创新和技术升级,预计未来几年能够实现盈利 [81][82]
MGM (MGM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-14 08:31
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 determ ...
MGM Resorts (MGM) Beats Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-14 07:26
MGM盈利情况 - MGM度过了一个盈利惊喜的季度,每股收益为1.06美元,超过了Zacks Consensus Estimate的0.67美元[1] - MGM在过去四个季度中四次超过了市场预期的每股收益[2] MGM营收表现 - MGM在2023年12月的季度实现了43.8亿美元的营收,超过了Zacks Consensus Estimate的6.88%[3] MGM股价走势 - MGM股价的未来走势将取决于管理层在财报电话会议上的评论[4]
MGM China Reports 2023 Annual Results
Prnewswire· 2024-02-14 06:32
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 2023 ...
MGM Resorts' (MGM) BetMGM Revenues Increase Y/Y in 2023
Zacks Investment Research· 2024-02-09 23:21
BetMGM财务表现 - BetMGM在2023财年表现强劲,净收入同比增长36%,达到19.6亿美元,主要受数字运营同州净收入增长14%的推动[2] - BetMGM虽然在2023全年预计EBITDA亏损约6700万美元,但在年底实现了EBITDA的正值,展现出朝着盈利的有希望的轨迹[4] iGaming和在线体育博彩绩效 - iGaming和在线体育博彩的关键绩效指标显示出明显改善,包括平均每月活跃用户、首次存款者、持有百分比、奖金水平和每个活跃用户的净游戏收入[3]
BetMGM and X Sign Exclusive Sports Betting Partnership
Prnewswire· 2024-02-09 22:30
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 ...
Countdown to MGM (MGM) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-02-08 23:21
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 timef ...
BETMGM FY23 UPDATE: FY23 NET REVENUE FROM OPERATIONS OF $1.96 BILLION AT TOP END OF GUIDANCE
Prnewswire· 2024-02-08 22:00
Positive EBITDA in the Second Half of 2023 LAS VEGAS, Feb. 8, 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 performance for FY 2023. BetMGM delivered a strong FY 2023 financial performance (based on unaudited results) Net revenue from operations grew 36% year over year to $1.96 billion1, at the uppe ...