MGM Resorts International (MGM)
MGM Resorts International operates in the Gambling, Resorts & Casinos industry of the Consumer Cyclical sector, headquartered in Las Vegas, NV, US. The stock last traded at $28.02, down 1.84% on the session, giving a market capitalisation of $7.05B. On trailing twelve-month figures it carries a trailing P/E of 16.78, a net margin of 2.4%. Its beta of 1.35 implies it has historically moved more than the broad market.
MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas, Nevada.
MGM Resorts International is most often compared with the following Consumer Cyclical names: