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Profile

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
URL https://www.mgmresorts.com
Investor Relations URL https://investors.mgmresorts.com
HQ State/Province Nevada
Sector Consumer Cyclical
Industry Resorts & Casinos
Equity Style Mid Cap/Growth
Next Earnings Release May. 01, 2024 (est.)
Last Earnings Release Feb. 13, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Dec. 08, 2022

Profile

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
URL https://www.mgmresorts.com
Investor Relations URL https://investors.mgmresorts.com
HQ State/Province Nevada
Sector Consumer Cyclical
Industry Resorts & Casinos
Equity Style Mid Cap/Growth
Next Earnings Release May. 01, 2024 (est.)
Last Earnings Release Feb. 13, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Dec. 08, 2022