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MGM Resorts International (MGM) CEO William Hornbuckle Presents at J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum Transcript
2024-03-15 08:52
公司业务 - 公司核心业务主要集中在拉斯维加斯,最近进行了一项对公司非常有益的万豪交易[2] - 公司在数字化方面取得了显著进展,BetMGM和LeoVegas的活动案例表现强劲,预计今年总收入将达到25亿美元[5] - 公司在日本、纽约、阿联酋等地展开了重要的发展项目,计划在2030年前后开业[10][11][14] - 公司已经在阿布扎比进行了1.5年的地面工作,与政府确定了发展合作伙伴,并在与其他竞争对手竞争中取得了进展[16] - 泰国市场是一个新兴市场,目前尚处于早期阶段[20] LeoVegas业务 - LeoVegas业务在过去两年中表现良好,收购金额约为6.5亿美元,主要在北欧地区,特别是瑞典[27] - LeoVegas业务在英国市场取得成功,尤其是在赛马比赛Cheltenham方面表现出色[28] - LeoVegas业务计划进军其他国际市场,同时收购了Push Gaming作为内容提供商[28] - LeoVegas直接在线业务在未来几年内有望实现约5亿美元的现金流贡献[32] BetMGM业务 - BetMGM去年实现了20亿美元的营收,今年增长约25%,目前在美国市场排名第三[33] - BetMGM与合作伙伴进行了一些改变,包括收购Angostura以扩大其Parlay产品[35] - BetMGM计划在内华达州推出全新的应用程序,实现真正的全渠道体验[37] 公司战略 - 公司在2024年及以后将通过Bonvoy会员计划为整个MGM酒店组合带来每年约60万至70万个房间夜,占总房间夜的5%至6%[46] - 预计通过Bonvoy会员计划,公司每年可为MGM度假村带来约100万个房间夜,每个房间夜可增加约100美元的EBITDA[48] - 公司在资产负债表上有大量现金,几乎没有净债务,计划用于发展机会和股票回购[64][66] - 公司的战略重点是资本分配和自由现金流的增长,计划通过BetMGM、LeoVegas、日本和纽约等项目来实现[67][70]
MGM Resorts International (MGM) CEO William Hornbuckle Presents at J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum Transcript
Seeking Alpha· 2024-03-15 08:52
MGM Resorts International (NYSE:MGM) J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum March 14, 2024 5:40 PM ET Company Participants William Hornbuckle - CEO and President Jonathan Halkyard - CFO Conference Call Participants Joseph Greff - JPMorgan Joseph Greff Good afternoon, everybody. We're continuing our fireside chat sessions, with the team from MGM Resorts. To my immediate left is Bill Hornbuckle, Chief Executive Officer; to his immediate left is Jonathan Halkyard, Chief Fina ...
MGM (MGM) Up 0.1% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-15 00:36
A month has gone by since the last earnings report for MGM Resorts (MGM) . Shares have added about 0.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MGM due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. MGM Resorts Q4 Earnings & Revenues Top EstimatesMGM Resort ...
Wall Street Analysts See a 27.16% Upside in MGM (MGM): Can the Stock Really Move This High?
Zacks Investment Research· 2024-03-14 22:56
MGM Resorts (MGM) closed the last trading session at $42.86, gaining 0.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $54.50 indicates a 27.2% upside potential.The average comprises 15 short-term price targets ranging from a low of $45 to a high of $66.50, with a standard deviation of $5.73. While the lowest estimate indicates an increase of 5% from the current price level, the ...
MGM Resorts (MGM) BetMGM Unveils Sports Betting in North Carolina
Zacks Investment Research· 2024-03-13 00:45
MGM Resorts International’s (MGM) sports betting and iGaming partner, BetMGM, a prominent player in the sector, has taken a significant stride by introducing mobile sports betting services in North Carolina. This move underscores the company's commitment to expanding its market reach and providing customers with unparalleled gaming experiences.BetMGM CEO, Adam Greenblatt, expressed excitement about tapping into North Carolina's passionate sports fandom, recognizing it as a promising market. BetMGM's innovat ...
MGM vs. RRR: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-03-13 00:41
Investors interested in stocks from the Gaming sector have probably already heard of MGM Resorts (MGM) and Red Rock Resorts (RRR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores ...
Is MGM Resorts International (MGM) Stock Undervalued Right Now?
Zacks Investment Research· 2024-03-12 22:40
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...
BETMGM DEBUTS NEW RESPONSIBLE GAMING SPOT FEATURING NHL STAR CONNOR MCDAVID
Prnewswire· 2024-03-08 23:30
BetMGM广告发布 - BetMGM发布了一则新的30秒广告,特色是NHL最有价值球员康纳·麦克大维德,并侧重于BetMGM的负责任博彩工具[1] - 广告将在美国和加拿大的电视媒体以及各种数字平台上播出,突出展示BetMGM应用程序用户可用的全面负责任博彩资源[3] BetMGM与NCPG合作 - BetMGM与NCPG合作,共同推广三月为问题博彩意识月,致力于促进负责任博彩[6]
MGM Resorts International CEO and CFO to Speak at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum
Prnewswire· 2024-03-07 22:15
LAS VEGAS, March 7, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Thursday, March 14, 2024. MGM Resorts CEO and President Bill Hornbuckle and Chief Financial Officer and Treasurer Jonathan Halkyard will speak at a session scheduled to begin at 5:40 p.m. ET. A live webcast of the session will be available under the Events & Presentation section of the MGM Invest ...
MGM RESORTS & BETMGM STRENGTHEN RELATIONSHIP WITH KINDBRIDGE, FURTHERING SUPPORT FOR PROBLEM GAMBLING RESEARCH & TREATMENT
Prnewswire· 2024-03-01 19:00
Collaboration coincides with entertainment leaders' support of Problem Gambling Awareness Month LAS VEGAS, March 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM announced today new groundbreaking initiatives in collaboration with Kindbridge designed to support problem gambling research and mental health services. Kindbridge Research Institute and Kindbridge Behavioral Health are organizations that aim to better understand the problems that exist within at-risk communities, deliveri ...