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MGM Resorts International
Previous close
$35.81
Day range
$34.87 - $36.03
Year range
$33.44 - $48.25
Market cap
10.63B USD
Avg Volume
5.34M
P/E ratio
13.21
Dividend yield
-
Primary exchange
NYSE
Market news
Financials
Income Statement
Revenue
Net income
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 4.32B | 9.79% |
Operating expense | 1.53B | 4.28% |
Net income | 187.07M | -6.83% |
Net profit margin | 4.33 | -15.26% |
Earnings per share | 0.86 | 45.76% |
EBITDA | 668.29M | 12.00% |
Effective tax rate | -4.26% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 2.41B | -37.19% |
Total assets | 41.82B | -2.54% |
Total liabilities | 37.97B | -0.24% |
Total equity | 3.85B | — |
Shares outstanding | 303.77M | — |
Price to book | 3.40 | — |
Return on assets | 2.84% | — |
Return on capital | 3.34% | — |
Cash Flow
Net change in cash
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 187.07M | -6.83% |
Cash from operations | 474.24M | -17.77% |
Cash from investing | -277.00M | -2.14% |
Cash from financing | -494.48M | 47.92% |
Net change in cash | -307.91M | 53.47% |
Free cash flow | 1.45M | 135.55% |
About
MGM Resorts International is an American hospitality and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio, Mandalay Bay, MGM Grand and Park MGM.
The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided with the global financial crisis, causing more than $1 billion in writedowns in its valuation. Wikipedia
Founded
Jan 29, 1986
Headquarters
Website
Employees
67,000