Is MGM Resorts International a Buy? [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
However, investors with longer memories know the pandemic's effects on the company and other downturns. The question for investors is whether they can earn market-beating returns with MGM Resorts under such conditions. MGM Resorts explained MGM Resorts (a company not affiliated with the MGM movie studio) owns 31 hotel and gaming destinations worldwide. Americans likely know it best for the MGM Grand in Las Vegas, but it also owns other casinos on the Strip, such as Mandalay Bay, Excalibur, and others. The company also operates casinos in other parts of the U.S., such as Mississippi, Michigan, and Maryland. Nonetheless, its biggest cash cows are the two casinos it owns in Macao, the MGM Macau and MGM Cotai. As one might imagine, pandemic lockdowns hit these casinos hard, and they have just now begun to recover. MGM China's revenue rose 78% from year-earlier levels to $1.1 billion in the first quarter of 2024. That makes up about 25% of the company's revenue. Still, despite M
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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