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Last $20.48 USD
Change Today -0.01 / -0.05%
Volume 4.6M
MGM On Other Exchanges
Symbol
Exchange
Mexico
Frankfurt
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

mgm resorts international (MGM) Key Developments

MGM Resorts International Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

MGM Resorts International announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $2,581,478,000 compared with $2,770,398,000 for the same period a year ago. Operating income was $348,521,000 compared with $354,464,000 for the same period a year ago. Income before income taxes was $122,695,000 compared with $126,223,000 for the same period a year ago. Net income attributable to the company was $97,459,000 or $0.17 per diluted share compared with $110,008,000 or $0.22 per diluted share for the same period a year ago. Adjusted EBITDA was $578,928,000 compared with $600,463,000 for the same period a year ago. The company invested approximately $197 million in total CapEx. For the six months, the company reported total revenue of $5,102,121,000 compared with $5,588,403,000 for the same period a year ago. Operating income was $743,625,000 compared with $770,936,000 for the same period a year ago. Income before income taxes was $279,036,000 compared with $309,659,000 for the same period a year ago. Net income attributable to the company was $267,309,000 or $0.50 per diluted share compared with $212,660,000 or $0.42 per diluted share for the same period a year ago. Adjusted EBITDA was $1,197,904,000 compared with $1,230,784,000 for the same period a year ago.

MGM Resorts International to Report Q2, 2015 Results on Aug 04, 2015

MGM Resorts International announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Aug 04, 2015

MGM Resorts International, Q2 2015 Earnings Call, Aug 04, 2015

MGM Resorts International, Q2 2015 Earnings Call, Aug 04, 2015

MGM Resorts Announces Development Plans for 5,000-Seat Theater at Monte Carlo

MGM Resorts International announced plans for an approximately 5,000-seat theater at Monte Carlo Resort and Casino. The new concert venue will amplify the vibrant entertainment district taking shape on the west side of the Las Vegas Strip with a robust calendar featuring special engagements by many of the music industry's most-celebrated performers. The Monte Carlo theater will be adjacent to The Park and 20,000-seat arena currently under construction on Las Vegas Blvd., anchoring the dynamic new entertainment district currently taking shape. With more than 7 million entertainment tickets sold in 2014 alone, MGM Resorts' offerings are unrivaled. The Company owns and operates two arenas; two Las Vegas Strip festival lots (62 acres); seven theaters housing Cirque du Soleil production shows; 14 theaters for concerts, headliners and comedy performances; and more than two dozen lounges and nightclubs. Additionally, it is currently developing a new world-class Las Vegas arena as well as integrated resort projects in Macau and National Harbor, Maryland, each of which will feature entertainment venues as central amenities. Adjacent to The Park and 20,000-seat arena currently under construction on Las Vegas Blvd. between Monte Carlo and New York-New York, the theater will anchor the dynamic new entertainment district currently taking shape. While The Park and Arena are expected to open in April 2016, the Monte Carlo theater is projected to welcome its first act at the end of 2016. Unique to the market, the theater will offer dynamic seating that allows for easy transformation into multiple configurations, reflecting the flexibility of the space.

Wynn Resorts And MGM Resorts Merger Speculations

There are speculations regarding Wynn Resorts Ltd. (NasdaqGS:WYNN) merger with MGM Resorts International (NYSE:MGM), CNBC reported.

 

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MGM Competitors

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Company Last Change
Accor SA €41.82 EUR -1.60
Host Hotels & Resorts Inc $17.20 USD -0.36
Hyatt Hotels Corp $50.21 USD -0.67
Starwood Hotels & Resorts Worldwide Inc $70.42 USD -0.63
Wyndham Worldwide Corp $76.20 USD -1.06
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Industry Analysis

MGM

Industry Average

Valuation MGM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 2.0x
Price/Cash Flow 15.7x
TEV/Sales NM Not Meaningful
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