Hard Rock Continues To Dominate Atlantic City's Casino Resort Industry [Forbes]
MGM Resorts International (MGM)
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Source: Forbes
resort scene in the storied Jersey Shore escape, attracting throngs of revelers and music fans as the city's go-to entertainment destination. In its sixth season, Hard Rock Hotel & Casino Atlantic City continues to grow both profits and ... [+] market share while galvanizing the city's entertainment industry. The numbers tell the story. While the collective gross operating profit of Atlantic City's nine casinos (latest figures available), Hard Rock was one of only two properties that grew profits versus the same period the previous year, . (Gross operating profit reflects earnings before interest, taxes, depreciation and other charges, and is a widely accepted measure of profitability in the Atlantic City gambling industry.) And the resort's momentum shows no signs of slowing down. Though Atlantic City casino revenue was flat year over year through the first six months of 2024, Hard Rock Atlantic City was one of just three casinos to boost its gross gaming revenue (GGR) year-ove
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MGM
News
- Atlantic City's top-performing Borgata casino was short on its online gambling taxes by $1.1 million, regulators say [Fortune]Fortune
- Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Jersey says Borgata, Atlantic City's top casino, underpaid its online gambling taxes by $1.1M [Financial Post (Toronto, Ontario, Canada)]Financial Post
- New Jersey says Borgata, Atlantic City's top casino, underpaid its online gambling taxes by $1.1M [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Jersey says Borgata, Atlantic City's top casino, underpaid its online gambling taxes by $1.1M [Yahoo! Finance]Yahoo! Finance
MGM
Earnings
- 7/31/24 - Beat
MGM
Sec Filings
- 9/5/24 - Form 424B2
- 9/3/24 - Form FWP
- 8/23/24 - Form 4
- MGM's page on the SEC website