Last $293.62 MXN
Change Today -1.01 / -0.34%
Volume 193.0K
MGM* On Other Exchanges
Symbol
Exchange
Mexico
Frankfurt
As of 4:08 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

mgm resorts international (MGM*) Snapshot

Open
$294.50
Previous Close
$294.63
Day High
$296.15
Day Low
$293.62
52 Week High
03/5/14 - $378.60
52 Week Low
12/17/14 - $258.58
Market Cap
144.2B
Average Volume 10 Days
179.7K
EPS TTM
--
Shares Outstanding
491.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MGM RESORTS INTERNATIONAL (MGM*)

mgm resorts international (MGM*) Details

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company operates 15 wholly owned resorts in the United States; and the MGM Macau resort and casino in China, as well as develops a gaming resort in Cotai, Macau. It also owns Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

50,800 Employees
Last Reported Date: 03/3/14
Founded in 1986

mgm resorts international (MGM*) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.0M
President and Chief Marketing Officer
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $834.9K
Chief Operating Officer
Total Annual Compensation: $1.1M
Chief Design & Construction Officer and Direc...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

mgm resorts international (MGM*) Key Developments

MGM Resorts International Plans Senior Notes Offering

MGM Resorts International announced that it proposed to offer $1.0 billion in aggregate principal amount of senior unsecured notes due 2023. The company said that it plans to use the net proceeds from the offering for general corporate purposes, including repaying certain indebtedness maturing in 2015 and funding a portion of the development costs related to its Maryland and Massachusetts resort projects. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities or similar investments. The notes being offered will be general unsecured senior obligations of the Company, guaranteed by substantially all of the company's wholly owned domestic subsidiaries that guarantee the company's other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the company and each guarantor.

MGM Resorts International Accepts Massachusetts Casino License

MGM Resorts International received a unanimous vote from the Massachusetts Gaming Commission (MGC) officially granting MGM Springfield a license to operate a resort casino in Downtown Springfield. The license is effective tomorrow, Nov. 7. MGM will pay its $85 million licensing fee to the Massachusetts Gaming Commission on Nov. 17. The project: MGM Springfield, an $800-million investment, is designed to ignite an urban revival. MGM and its professional partners worked painstakingly to put together a design that celebrates the history of Springfield while moving the Gateway City into a new era of commerce and economic opportunity. The integrated resort casino is designed to enhance the entire urban center of Springfield. The mixed-used development project calls for a 25-story 250-room hotel with amenities including a spa, pool and roof deck; 125,000 square feet of gaming space with 3,000 slot machines, 75 gaming tables, a poker room and high limit VIP gambling area; about 55,000 square feet of retail and restaurant space that will accommodate 15 shops and restaurants; and a multi-level parking garage. Plans also envision a high-energy dining, retail and entertainment district with an eight-screen cinema, bowling alley and an outdoor stage. This will be developed by Davenport Properties of Boston, MA, in partnership with MGM on land now occupied by the tornado-ravaged South End Community Center and Howard Street School.

MGM China Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014

MGM China announced unaudited earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company earned net revenue of $794 million, a 2% decrease compared to the prior year quarter. Adjusted EBITDA was $214 million, a 12% increase compared to the prior year quarter, including $12 million of branding fee expense in the current quarter compared to $8 million in the prior year quarter. Operating income was $140 million compared to $114 million in the prior year quarter. Net revenue was $794,265,000 compared to $808,471,000 a year ago. For the nine months, the company reported net revenue of $2,563,641,000 compared to $2,391,177,000 a year ago. Adjusted EBITDA was $665,009,000 compared to $576,042,000 a year ago.

 

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Industry Analysis

MGM*

Industry Average

Valuation MGM* Industry Range
Price/Earnings 64.0x
Price/Sales 1.0x
Price/Book 2.2x
Price/Cash Flow 9.8x
TEV/Sales NM Not Meaningful
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