MGM Resorts International's global expansion and partnership with Marriott continue to shape its growth potential.As the casino and hospitality industry bounces back from the challenges of the pandemic, MGM Resorts International (MGM -0.96%) continues to prove its strength. Record first-quarter earnings and innovative strategic expansions, including a lucrative partnership with Marriott International (MAR 1.01%), highlight its robust recovery and growth prospects. There's every indication the company might ...

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 ...

财务数据和关键指标变化 - 公司在拉斯维加斯实现了收入和利润的同比增长,净收入增长3%,主要得益于房价和入住率的提升 [10] - 公司在地区市场保持了收入和利润的稳定,市场份额保持不变 [14] - 公司在澳门市场实现了37%的净收入同比增长,调整后EBITDAR达到2.94亿美元,增长40%,利润率达到29% [16] 各条业务线数据和关键指标变化 - 拉斯维加斯的业务表现强劲,主要得益于公司的豪华度假酒店,这些酒店贡献了大部分的收入增长 [12] - 地区市场的业务保持稳定,市场份额保持不变 [14] - 澳门市场的业务表现出色,市场份额达到16%,利润率达到29% [16] 各个市场数据和关键指标变化 - 拉斯维加斯市场入住率和房价均有所上升,集团房间预订量也呈中单位数增长 [11] - 地区市场的业务保持稳定,市场份额保持不变 [14] - 澳门市场的业务表现出色,市场份额达到16%,利润率达到29% [16] 公司战略和发展方向及行业竞争 - 公司将继续投资于拉斯维加斯的豪华酒店,2024年75%的资本支出将集中在这些物业上 [12] - 公司正在探索将贝拉吉奥、ARIA和科斯莫波利坦连接起来的方案,打造独特的体验 [50] - 公司正在关注新兴市场,如阿联酋和纽约,并正在考虑进入泰国市场 [55][57] 管理层对经营环境和未来前景的评论 - 管理层对拉斯维加斯的未来前景保持乐观,认为集团房间预订量和房价都呈上升趋势 [11] - 管理层对地区市场的业务保持稳定,并将继续保持市场领先地位 [29] - 管理层对澳门市场的表现感到自豪,认为公司在该市场的领导地位将得以保持和进一步提升 [30][32] - 管理层对BetMGM的未来发展保持信心,将继续投资以提升产品和客户获取能力 [35][36][37] 其他重要信息 - 公司已完成科斯莫波利坦酒店与MGM奖赏计划的整合 [13] - 公司已通过发行新债券的方式,延长了澳门业务的债务期限,并偿还了部分银行贷款 [16] - 公司制定了一项中期自由现金流增长战略,预计到2028年实现中高个位数的自由现金流增长 [17][18][19][20] - 公司正在进行数字业务的投资,包括收购LeoVegas和Tipico的美国体育博彩业务,以及与Playtech建立战略合作关系 [40][41][42][43][44][45][46][47] 问答环节重要的提问和回答 问题1 **Joseph Greff 提问** 询问Marriott战略合作带来的贡献情况 [60] **Jonathan Halkyard 回答** Marriott合作为公司带来了两方面的收益:一是房价溢价,二是客户在酒店的消费增加。公司预计未来几年这一合作将为公司带来每年65-75百万美元的EBITDA增量 [62] 问题2 **Shaun Kelley 提问** 询问拉斯维加斯核心博彩业务的表现情况 [66] **Corey Sanders 回答** 核心博彩客户表现仍然不错,主要是由于周中会议客户的减少导致了部分收入下滑。但高端客户和数据库客户的表现依然强劲 [68] 问题3 **Carlo Santarelli 提问** 询问BetMGM未来的投资计划 [73] **William Hornbuckle 回答** 公司将密切关注BetMGM的投资效果,如果效果不佳将适当调整投入。但公司仍然对数字业务的长期发展前景保持信心 [74][129]

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 ...