MGM Stock Recent News

The headline numbers for MGM (MGM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MGM Resorts (MGM) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.59 per share a year ago.

Adjusted EBITDA up 57% Year-on-Year Market Share Reached 16.5% HONG KONG , July 31, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for second quarter and the first half of 2024 (the "Period"). The Group is pleased to see Macau continue to grow.

Record 2Q consolidated net revenues of $4.3 billion Record 2Q MGM China Adjusted Property EBITDAR of $294 million; increase of 40% year-over-year as market share remained in the mid-teens 2Q net income attributable to MGM Resorts of $187 million and 2Q consolidated Adjusted EBITDAR of $1.2 billion International digital strategy progressed with announced acquisition of Tipico's U.S. platform bringing sports betting product in house and strategic relationship with Playtech to become only U.S. operator to offer live casino content from the Las Vegas Strip LAS VEGAS , July 31, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2024. "MGM Resorts continued to drive positive financial results and solid growth in the second quarter, with record MGM China Adjusted Property EBITDAR and further growth in Las Vegas where our Marriott relationship continues to exceed expectations and our me

MGM Resorts (MGM) second-quarter performance is likely to have gained from strong MGM China performance, omnichannel marketing offerings and development efforts.

Evaluate the expected performance of MGM (MGM) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

NET REVENUE FROM OPERATIONS OF $1.0 BILLION IN FIRST HALF OF 20241,2 Momentum accelerating in a year focused on investment and strategic execution to drive future growth LAS VEGAS , July 29, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on First Half 2024 ("1H 2024") performance. Adam Greenblatt, Chief Executive Officer of BetMGM, commented: "The first half of this year has been very important in laying the groundwork for BetMGM's future.

MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LAS VEGAS , July 22, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update on BetMGM's 1H 2024 performance at 8:30 a.m. Eastern Time (1:30pm UK) on Monday, July 29, 2024.

The recovery in Macao significantly boosted gaming revenue. MGM Resorts stock continues to outperform its peers.