LAS VEGAS, April 9, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has completed its previously announced issuance (the "Offering") of $750,000,000 in aggregate principal amount of 6.500% senior notes due 2032 (the "Notes"), which were issued at par. The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 6.750% senior notes due 2025. Pending such use, the Company may invest the n ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? MGM Resorts (MGM) , which belongs to the Zacks Gaming industry, could be a great candidate to consider.This casino and resort operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 37.29%.For the last reported quarter, MGM ...

Nevada's largest employer partners with SNWA to offer extra water savings incentives LAS VEGAS, March 21, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that it has partnered with the Southern Nevada Water Authority (SNWA) to incentivize residential water conservation for its more than 50,000 employees in Southern Nevada. Through a $500,000 grant to the SNWA Water Efficiency Improvement Fund, MGM Resorts employees will earn additional rebates whe ...

Unprecedented collaboration between sports betting and hospitality leaders to reach millions with real-world rewards Features sweepstakes for the opportunity to win VIP Los Angeles vacation curated by Blake GriffinBETHESDA, Md. and JERSEY CITY, N.J., March 18, 2024 /PRNewswire/ -- Marriott Bonvoy, Marriott International's award-winning travel program, and BetMGM, a leading sports betting and iGaming operator, today launched an unprecedented rewards collaboration in the online sports betting and iGaming indu ...

公司业务 - 公司核心业务主要集中在拉斯维加斯，最近进行了一项对公司非常有益的万豪交易[2] - 公司在数字化方面取得了显著进展，BetMGM和LeoVegas的活动案例表现强劲，预计今年总收入将达到25亿美元[5] - 公司在日本、纽约、阿联酋等地展开了重要的发展项目，计划在2030年前后开业[10][11][14] - 公司已经在阿布扎比进行了1.5年的地面工作，与政府确定了发展合作伙伴，并在与其他竞争对手竞争中取得了进展[16] - 泰国市场是一个新兴市场，目前尚处于早期阶段[20] LeoVegas业务 - LeoVegas业务在过去两年中表现良好，收购金额约为6.5亿美元，主要在北欧地区，特别是瑞典[27] - LeoVegas业务在英国市场取得成功，尤其是在赛马比赛Cheltenham方面表现出色[28] - LeoVegas业务计划进军其他国际市场，同时收购了Push Gaming作为内容提供商[28] - LeoVegas直接在线业务在未来几年内有望实现约5亿美元的现金流贡献[32] BetMGM业务 - BetMGM去年实现了20亿美元的营收，今年增长约25%，目前在美国市场排名第三[33] - BetMGM与合作伙伴进行了一些改变，包括收购Angostura以扩大其Parlay产品[35] - BetMGM计划在内华达州推出全新的应用程序，实现真正的全渠道体验[37] 公司战略 - 公司在2024年及以后将通过Bonvoy会员计划为整个MGM酒店组合带来每年约60万至70万个房间夜，占总房间夜的5%至6%[46] - 预计通过Bonvoy会员计划，公司每年可为MGM度假村带来约100万个房间夜，每个房间夜可增加约100美元的EBITDA[48] - 公司在资产负债表上有大量现金，几乎没有净债务，计划用于发展机会和股票回购[64][66] - 公司的战略重点是资本分配和自由现金流的增长，计划通过BetMGM、LeoVegas、日本和纽约等项目来实现[67][70]

MGM Resorts International (NYSE:MGM) J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum March 14, 2024 5:40 PM ET Company Participants William Hornbuckle - CEO and President Jonathan Halkyard - CFO Conference Call Participants Joseph Greff - JPMorgan Joseph Greff Good afternoon, everybody. We're continuing our fireside chat sessions, with the team from MGM Resorts. To my immediate left is Bill Hornbuckle, Chief Executive Officer; to his immediate left is Jonathan Halkyard, Chief Fina ...

A month has gone by since the last earnings report for MGM Resorts (MGM) . Shares have added about 0.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MGM due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. MGM Resorts Q4 Earnings & Revenues Top EstimatesMGM Resort ...

MGM Resorts (MGM) closed the last trading session at $42.86, gaining 0.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $54.50 indicates a 27.2% upside potential.The average comprises 15 short-term price targets ranging from a low of $45 to a high of $66.50, with a standard deviation of $5.73. While the lowest estimate indicates an increase of 5% from the current price level, the ...

MGM Resorts International’s (MGM) sports betting and iGaming partner, BetMGM, a prominent player in the sector, has taken a significant stride by introducing mobile sports betting services in North Carolina. This move underscores the company's commitment to expanding its market reach and providing customers with unparalleled gaming experiences.BetMGM CEO, Adam Greenblatt, expressed excitement about tapping into North Carolina's passionate sports fandom, recognizing it as a promising market. BetMGM's innovat ...

Investors interested in stocks from the Gaming sector have probably already heard of MGM Resorts (MGM) and Red Rock Resorts (RRR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores ...