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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 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US 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 Discretionary
Industry Hotels, Restaurants & Leisure
Equity Style Mid Cap/Value
Next Earnings Release Feb. 13, 2025 (est.)
Last Earnings Release Oct. 30, 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 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US 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 Discretionary
Industry Hotels, Restaurants & Leisure
Equity Style Mid Cap/Value
Next Earnings Release Feb. 13, 2025 (est.)
Last Earnings Release Oct. 30, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Dec. 08, 2022