MGM Resorts International Price, Forecast, Insider, Ratings, Fundamentals & Signals

Record-high performance and market share hong kong , may 1, 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 months ended march 31, 2024 (the "period"). the group is pleased to see a continuous recovery in macau.

Mgm china achieved record quarterly results with adjusted property ebitdar up 78% year over year and resumed its dividend las vegas strength continued in the first quarter with record 1q net revenues marriott strategic licensing agreement successfully launched across 16 brands mgm resorts repurchased 12 million shares during the quarter resulting in total share count reduction of 36% since 2021 our japan ir venture completed its credit facility, japan's largest project financing in history las vegas , may 1, 2024 /prnewswire/ -- mgm resorts international (nyse: mgm) ("mgm resorts" or the "company") today reported financial results for the quarter ended march 31, 2024. "our strategic growth plan to drive sustainable free cash flow from our resort operations, develop free cash flow by investing in international digital and luxury integrated resorts, and return capital to shareholders through share repurchases continued to develop in the first quarter of 2024," said bill hornbuckle, chief executive officer & president of mgm resorts international.

"our culture and enduring legacy" las vegas , may 1, 2024 /prnewswire/ -- mgm resorts international (nyse: mgm) ("mgm resorts" or the "company") today announced the publication of its 2023 social impact and sustainability report. the report details the company's continuing and steadfast commitment to its social impact and sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come.

Dutch entry follows the uk as betmgm's second international market utilizing leovegas' platform & technology las vegas , april 30, 2024 /prnewswire/ -- mgm resorts international (nyse: mgm) ("mgm resorts" or the "company") announced today it is launching betmgm – its wholly owned igaming and online sports betting brand offering an authentic vegas experience – in the netherlands. betmgm is set to provide dutch customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclusive slots, as well as unique and compelling sports promotions.

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.

Prosecutors and defense lawyers for Scott Sibella have suggested that a judge file the former MGM Grand casino president to probation in the criminal case.

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Record traveler volume is good news for the Casinos and Gaming industry. MGM Resorts International is undervalued with stabilizing earnings and healthy free cash flow. The company's Q1 report showed strong revenues and profits, with plans for expansion into online sports betting and international markets which could provide a boost in the out year.

MGM Resorts International stock is down 6.17% in the past year but has strong financial performance and impressive strategic expansion. The company has a diverse revenue stream and a wide customer base, leading to increased revenue and margins. MGM's financial performance is impressive, with consistently increasing revenues and resilient profitability, making it a top performer in the sector.

Investors looking for stocks in the Gaming sector might want to consider either MGM Resorts (MGM) or Red Rock Resorts (RRR). But which of these two stocks is more attractive to value investors?

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MGM Resorts' (MGM) first-quarter results reflect solid performances at MGM China and luxury resort properties in Las Vegas.

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Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MGM Resorts (MGM) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago.