the resorts and casinos of mgm resorts international™ are some of the most famous in the world. our 23 destinations are renowned for their winning combination of quality entertainment, luxurious facilities and exceptional customer service. we are actively expanding our presence globally, with potential developments in a number of domestic and international markets. at mgm resorts international, we are all striving together to deliver an enticing blend of entertainment to every corner of the world. many of our resorts are located in las vegas. las vegas features three of the largest convention centers in the u.s., spectacular entertainment, attractions, shopping and world-famous resorts. whether dancing fountains, incredible stage productions, casino action, museums or natural attractions such as lake mead, vegas offers something for everyone. a stroll down our streets takes you around the globe, with recreations like climbing to the top of the eiffel tower or taking a venetian gondola
![MGM Resorts International logo](/files/LOGO/789570-MGM.png)
Company profile
Ticker
MGM
Exchange
Website
CEO
William Hornbuckle
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MGM GRAND INC, MGM MIRAGE
SEC CIK
Corporate docs
Subsidiaries
Beau Rivage Resorts, LLC • Blue Tarp reDevelopment, LLC • Destron, Inc. • Destron International Corp. • MGM Grand (International), Pte Ltd. • Grand Garden Arena Management, LLC • Grand Laundry, Inc. • Las Vegas Arena Management, LLC • Mandalay Resort Group, LLC • 550 Leasing Company ...
IRS number
880215232
MGM stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
26 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
3 May 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
MGM Resorts International Reports Record First Quarter 2024 Financial and Operating Results
1 May 24
PX14A6G
Letter to shareholders
11 Apr 24
8-K
Entry into a Material Definitive Agreement
9 Apr 24
8-K
Entry into a Material Definitive Agreement
3 Apr 24
FWP
Free writing prospectus
25 Mar 24
424B5
Prospectus supplement for primary offering
25 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
Transcripts
MGM
Earnings call transcript
2024 Q1
1 May 24
MGM
Earnings call transcript
2023 Q4
13 Feb 24
MGM
Earnings call transcript
2023 Q3
8 Nov 23
MGM
Earnings call transcript
2023 Q2
2 Aug 23
MGM
Earnings call transcript
2023 Q1
1 May 23
MGM
Earnings call transcript
2022 Q4
8 Feb 23
MGM
Earnings call transcript
2022 Q3
2 Nov 22
MGM
Earnings call transcript
2022 Q2
4 Aug 22
MGM
Earnings call transcript
2022 Q1
2 May 22
MGM
Earnings call transcript
2021 Q4
10 Feb 22
Latest ownership filings
4
Keith A. Meister
3 Jul 24
4
Rose Mckinney-James
3 Jul 24
4
PAUL J SALEM
3 Jul 24
4
Keith A. Meister
14 Jun 24
144
Notice of proposed sale of securities
13 Jun 24
4
DANIEL J TAYLOR
21 May 24
4
MARY CHRIS JAMMET
21 May 24
4
ALEXIS HERMAN
21 May 24
144
Notice of proposed sale of securities
21 May 24
144
Notice of proposed sale of securities
20 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.81 bn | 2.81 bn | 2.81 bn | 2.81 bn | 2.81 bn | 2.81 bn |
Cash burn (monthly) | 68.57 mm | 148.56 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 265.09 mm | 574.34 mm | n/a | n/a | n/a | n/a |
Cash remaining | 2.54 bn | 2.23 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 37.1 | 15.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
83.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 688 |
Opened positions | 207 |
Closed positions | 93 |
Increased positions | 183 |
Reduced positions | 184 |
13F shares | Current |
---|---|
Total value | 9.06 tn |
Total shares | 262.35 mm |
Total puts | 4.43 mm |
Total calls | 4.16 mm |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
IAC IAC Inc - Ordinary Shares | 64.72 mm | $2.26 bn |
Vanguard | 29.52 mm | $1.39 tn |
BLK Blackrock | 26.51 mm | $1.25 tn |
Davis Selected Advisers | 11.90 mm | $561.58 bn |
STT State Street | 10.64 mm | $502.19 bn |
Capital World Investors | 6.55 mm | $309.44 bn |
Geode Capital Management | 6.17 mm | $290.45 bn |
Boston Partners | 6.11 mm | $286.93 bn |
Corvex Management | 6.00 mm | $283.20 bn |
MS Morgan Stanley | 4.94 mm | $233.08 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Jun 24 | Salem Paul J | Deferred Stock Units Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 44.44 | 2,193.969 | 97.50 k | 93,388.816 |
30 Jun 24 | Mckinney-James Rose | Deferred Stock Units Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 44.44 | 72.007 | 3.20 k | 59,420.417 |
30 Jun 24 | Meister Keith A. | Deferred Stock Units Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 44.44 | 900.09 | 40.00 k | 49,684.111 |
13 Jun 24 | Meister Keith A. | Common Stock | Sell | Dispose S | Yes | No | 40.44 | 139,300 | 5.63 mm | 5,859,478 |
21 May 24 | Taylor Daniel J | Common Stock $.01 Par Value ND | Sell | Dispose S | Yes | No | 41.0202 | 4,344 | 178.19 k | 0 |
News
Crocs Q2 Earnings Coming Up: What You Should Know
26 Jul 24
Carter's Q2 Earnings Coming Up: What's in the Cards?
23 Jul 24
2024 Election Betting Odds: Joe Biden Has 8% Chance Of Winning According To Sportsbooks, Prediction Markets
19 Jul 24
MGM Resorts' BetMGM Expands Reach in Washington DC
18 Jul 24
JMP Securities Maintains Market Outperform on MGM Resorts Intl, Raises Price Target to $59
17 Jul 24
Press releases
MGM RESORTS AND ENTAIN NOTICE OF BETMGM 1H 2024 UPDATE
22 Jul 24
BETMGM LAUNCHES MOBILE SPORTS BETTING APP THROUGHOUT WASHINGTON, D.C.
17 Jul 24
MGM RESORTS NAMED A PROUD PARTNER OF THE NEW YORK YANKEES
10 Jul 24
MGM RESORTS INTERNATIONAL AND TECHNOLOGY LEADER PLAYTECH PARTNER TO LAUNCH PROPRIETARY LIVE CASINO CONTENT DIRECTLY FROM LAS VEGAS
20 Jun 24
MGM RESORTS INTERNATIONAL AND TECHNOLOGY LEADER PLAYTECH PARTNER TO LAUNCH PROPRIETARY LIVE CASINO CONTENT DIRECTLY FROM LAS VEGAS
20 Jun 24