MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. The company operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. It operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. The company’s casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Analyst Optimism | Discover why analysts maintain a bullish outlook, with price targets ranging from $46 to $50, reflecting confidence in MGM's strategic initiatives and growth prospects |
Global Expansion | Delve into MGM's international ventures, including stable performance in Macau and new opportunities in Brazil, Thailand, and the UAE |
Digital Frontie | Explore BetMGM's market share gains and profitability potential, driving MGM's digital growth strategy and expanding its footprint in online gaming |
Financial Resilience | MGM's robust performance, with $17.24B in revenue and $2.49B EBITDA, showcases its strength in a shifting gaming landscape, particularly in Las Vegas operations |
Metrics to compare | MGM | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipMGMPeersSector | |
---|---|---|---|---|
P/E Ratio | 13.7x | −4.8x | 10.6x | |
PEG Ratio | −1.02 | 0.01 | 0.02 | |
Price / Book | 3.2x | 0.3x | 1.4x | |
Price / LTM Sales | 0.5x | 1.4x | 0.9x | |
Upside (Analyst Target) | 35.4% | 33.3% | 20.1% | |
Fair Value Upside | Unlock | 23.4% | 9.2% | Unlock |