M

MGM Resorts International
D

MGM

38.000
USD
0.49
(1.31%)
Market Closed
Volume
166,365
EPS
3
Div Yield
-
P/E
14
Market Cap
11,543,249,436
OverviewSignalsIdeasNews
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News

Title: MGM Resorts International

Sector: Consumer Cyclical
Industry: Resorts & Casinos
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 estimateMGM will open a resort in Japan in 2030.