Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada.The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino.Scott Sibella, the ex-MGM executive, pleaded guilty in January in the case in U.S. District Court in Los Angeles to one count of failure to fi ...

Matthew Fowler Data from the TSA shows continued record traveler volume. Individuals and families are venturing around the country and abroad, all while business events seem to be booming. That is good news for firms in the Casinos and Gaming industry. What's more, as more individuals place bets electronically, there’s a broad tailwind for firms operating online sports and iGaming. I have a buy rating on MGM Resorts International (NYSE:MGM). I see the stock as undervalued with earnings stabilizing at a ...

halbergman Investment Thesis MGM Resorts International (NYSE:MGM) stock is down by about 6.17% over the last year, trailing the S&P 500 by a margin of about 31.52%. Seeking Alpha Despite the underwhelming performance, I am bullish on this stock given the company's strong financial performance which I believe will amount to solid fundamentals, hence bullish sentiments in the market. In addition, the company has an impressive strategic expansion, which bodes well for its long-term growth. From a valuation and ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...

MGM Resorts International (MGM) reported impressive first-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. The upside was driven by solid performances at MGM China and luxury resort properties in Las Vegas.  Following the results, the stock moved up 3.5% during the after-hours trading session.Earnings & Revenue DiscussionMGM Resorts reported earnings per share (EPS) of 74, outpacing the Zacks Consensus ...

财务数据和关键指标变化 - 公司实现了创纪录的第一季度业绩,净收入达44亿美元,同比增长13%,净利润为2.17亿美元,调整后EBITDAR超过12亿美元 [11] - 拉斯维加斯业务净收入增长4%,平均每日房价同比上涨7% [12] - 澳门业务净收入同比增长71%,创下历史新高,调整后EBITDAR达3亿美元,市场份额达17% [13] 各条业务线数据和关键指标变化 - 拉斯维加斯业务:高端度假酒店表现强劲,推动了收入增长,会议业务也有所恢复 [22][24][27] - 区域业务:1月受到恶劣天气影响,但2-3月逐步恢复,3月市场份额达47% [30] - 澳门业务:1月市场份额达20%,受益于运气因素,3月和4月市场份额维持在15.8%左右的水平 [79][122] 各个市场数据和关键指标变化 - 拉斯维加斯:高端度假酒店和会议业务表现强劲,但低端市场有疲软迹象 [24][29] - 澳门:市场整体持续复苏,公司市场份额维持在较高水平,并有望进一步提升 [32][79][122] - 区域业务:1月受天气影响,但2-3月逐步恢复,3月市场份额达47% [30] 公司战略和发展方向及行业竞争 - 公司正在拓展数字业务,包括BetMGM和LeoVegas,未来有望成为重要的现金流来源 [34][35][54][55][56][57][58] - 公司正在积极拓展新市场,如日本、阿联酋、泰国、德克萨斯州等,为未来发展奠定基础 [38][40][41][102][103][104] - 公司在拉斯维加斯的定位为高端度假酒店和会议中心,并正在进一步加强这一定位 [22][25] 管理层对经营环境和未来前景的评论 - 管理层对公司的多元化业务组合和未来发展前景表示乐观 [21][42] - 管理层认为拉斯维加斯高端市场前景良好,但低端市场存在疲软迹象 [24][29] - 管理层对澳门业务的恢复速度和市场份额表示满意,并有望进一步提升 [32][33] - 管理层对数字业务的发展前景持积极态度,未来有望成为重要的现金流来源 [34][35] 问答环节重要的提问和回答 问题1 **Joseph Greff 提问** Marriott合作对公司的影响,是否有助于缓解低端市场的疲软 [45][46][47][48] **Jonathan Halkyard 和 Corey Sanders 回答** Marriott合作初期效果良好,带来了较高的房价和客户消费,对公司有积极影响,尤其是在中高端市场 [46][47][48] 问题2 **Shaun Kelley 提问** 数字业务的亏损情况和未来发展计划 [53][54][55][56][57] **William Hornbuckle 回答** 数字业务今年仍将是投资期,但公司有明确的产品开发和市场拓展计划,未来有望成为重要的现金流来源 [54][55][56][57] 问题3 **Carlo Santarelli 提问** 拉斯维加斯业务全年EBITDAR是否有增长潜力 [61][62] **Jonathan Halkyard 回答** 根据目前的订单情况和各项举措,公司有信心拉斯维加斯业务EBITDAR能够实现增长 [62]

F I R S T Q U A R T E R 2 0 2 4 E A R N I N G S M a y 1 , 2 0 2 4 1 M G M R E S O R T S I S A N I N T E R N A T I O N A L B R A N D ...

MGM Resorts (MGM) reported $4.38 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.2%. EPS of $0.74 for the same period compares to $0.44 a year ago.The reported revenue represents a surprise of +4.81% over the Zacks Consensus Estimate of $4.18 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +23.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.33%. A quarter ago, it was expected that this casino and resort operator would post earnings of $0.67 per share when it actually produced earnings of $1.06, delivering a surprise of 58.21%.Over the last four quarters ...

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. Average daily visitor arrival for the Period reached 97,536 up 8%from the previous quarter, recovered to 85% of same period in 20 ...