MGM Resorts International is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its 'Focused on What Matters: Embracing Humanity and Protecting the Planet' initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.
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
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
5 May 23
10-Q
2023 Q1
Quarterly report
1 May 23
8-K
MGM Resorts International Reports First Quarter 2023 Financial and Operating Results
1 May 23
ARS
2022 FY
Annual report to shareholders
23 Mar 23
DEFA14A
Additional proxy soliciting materials
23 Mar 23
DEF 14A
Definitive proxy
23 Mar 23
8-K
MGM Resorts Welcomes Emmy-winning Television Producer and Director Ben Winston to Board of Directors
1 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
MGM Resorts International Reports Fourth Quarter and Full Year 2022 Financial and Operating Results
8 Feb 23
8-K
Entry into a Material Definitive Agreement
20 Dec 22
Transcripts
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
MGM
Earnings call transcript
2021 Q3
4 Nov 21
MGM
Earnings call transcript
2021 Q2
5 Aug 21
MGM
Earnings call transcript
2021 Q1
29 Apr 21
MGM
Earnings call transcript
2020 Q4
11 Feb 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Revenue | |||||
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 4.59 bn | 4.59 bn | 4.59 bn | 4.59 bn | 4.59 bn | 4.59 bn |
| Cash burn (monthly) | 481.48 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 1.05 bn | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 3.54 bn | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 7.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
89.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 650 |
| Opened positions | 116 |
| Closed positions | 93 |
| Increased positions | 176 |
| Reduced positions | 244 |
| 13F shares | Current |
|---|---|
| Total value | 10.36 tn |
| Total shares | 326.76 mm |
| Total puts | 6.83 mm |
| Total calls | 6.30 mm |
| Total put/call ratio | 1.1 |
| Largest owners | Shares | Value |
|---|---|---|
| IAC IAC | 64.72 mm | $2.26 bn |
| Vanguard | 34.00 mm | $1.51 tn |
| Tracinda | 27.17 mm | $999.72 mm |
| BLK Blackrock | 21.94 mm | $974.44 bn |
| T. Rowe Price Investment Management | 20.86 mm | $921.59 bn |
| STT State Street | 11.87 mm | $527.33 bn |
| MS Morgan Stanley | 6.99 mm | $310.63 bn |
| Corvex Management | 6.67 mm | $296.45 bn |
| Geode Capital Management | 6.48 mm | $287.40 bn |
| Canada Pension Plan Investment Board | 5.95 mm | $264.23 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 May 23 | Herman Alexis | Common Stock $.01 Par Value ND | Sell | Dispose S | Yes | No | 42.6349 | 2,350 | 100.19 k | 14,797 |
| 3 May 23 | Herman Alexis | RSU Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 0 | 4,344 | 0.00 | 4,344 |
| 3 May 23 | Jammet Mary Chris | RSU Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 0 | 4,344 | 0.00 | 4,344 |
| 3 May 23 | Mckinney-James Rose | RSU Common Stock $.01 Par Value ND | Grant | Acquire A | No | No | 0 | 4,344 | 0.00 | 4,344 |
| 2 May 23 | Gregory M Spierkel | Deferred Stock Units Common Stock $.01 Par Value ND | Option exercise | Acquire M | No | No | 0 | 4,454.001 | 0.00 | 59,962.912 |
| 2 May 23 | Gregory M Spierkel | RSU Common Stock $.01 Par Value ND | Option exercise | Dispose M | No | No | 0 | 4,454.001 | 0.00 | 0 |
| 2 May 23 | Herman Alexis | Common Stock $.01 Par Value ND | Option exercise | Acquire M | No | No | 0 | 4,454 | 0.00 | 4,454 |
| 2 May 23 | Herman Alexis | RSU Common Stock $.01 Par Value ND | Option exercise | Dispose M | No | No | 0 | 4,454 | 0.00 | 0 |
| 2 May 23 | Jammet Mary Chris | Deferred Stock Units Common Stock $.01 Par Value ND | Option exercise | Acquire M | No | No | 0 | 4,454.001 | 0.00 | 8,954.11 |
| 2 May 23 | Jammet Mary Chris | RSU Common Stock $.01 Par Value ND | Option exercise | Dispose M | No | No | 0 | 4,454.001 | 0.00 | 0 |
News
EXCLUSIVE: FanDuel And BetMGM Share A Look Back, A Look Ahead On Sports Betting After The 'Fastest 5 Years' Of Their Lives
24 May 23
Benzinga Names BetMGM A 'Heavy Hitter' Award Recipient At Inaugural Titans Sports Betting Event
24 May 23
NVIDIA, Target And 2 Other Stocks Insiders Are Selling
23 May 23
Join Jake Paul, DraftKings, FanDuel, NBA, NASCAR And More At Benzinga's Titans Sports Betting Summit – Online And Free
18 May 23
'Big Short' Investor Isn't Shorting Bank Stocks, He's Buying Them By The Heap
15 May 23
Press releases
THE COSMOPOLITAN OF LAS VEGAS WELCOMES INTERNATIONALLY ACCLAIMED LPM RESTAURANT & BAR THIS FALL
11 May 23
MGM China Reports 2023 First Quarter Financial Data
1 May 23
MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS
1 May 23
BetMGM Wins Casino Operator of the Year at EGR North America Awards 2023 For Second Consecutive Year
28 Apr 23
MGM RESORTS RECEIVES APPROVAL FOR INDUSTRY-LEADING CLIMATE TARGETS
27 Apr 23