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MGM Resorts International (MGM)

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
CEO
James Murren
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MGM GRAND INC, MGM MIRAGE
SEC CIK
Subsidiaries
Blue Tarp reDevelopment, LLC • Destron, Inc. • Destron International Corp. • MGM Grand (International), Pte Ltd. • Las Vegas Arena Management, LLC • Mandalay Resort Group, LLC • 550 Leasing Company • Circus Circus Casinos, Inc. • Mandalay Bay, LLC • Mandalay Employment, LLC ...
IRS number
880215232

MGM stock data

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Aug 22 Taylor Daniel J Common Stock $.01 Par Value ND Sell Dispose S Yes No 34.4101 4,499 154.81K 0
4 Aug 22 Corey Ian Sanders Common Stock $.01 Par Value ND Sell Dispose S No Yes 36 10,000 360K 280,273
30 Jun 22 Salem Paul J Deferred Stock Units Common Stock $.01 Par Value ND Grant Acquire A No No 28.95 3,281.52 95K 65,333.04
30 Jun 22 Meister Keith A. Deferred Stock Units Common Stock $.01 Par Value ND Grant Acquire A No No 28.95 1,122.625 32.5K 33,679.12
30 Jun 22 Mckinney-James Rose Deferred Stock Units Common Stock $.01 Par Value ND Grant Acquire A No No 28.95 25.907 750 51,925.292
13F holders Current Prev Q Change
Total holders 687 689 -0.3%
Opened positions 91 136 -33.1%
Closed positions 93 72 +29.2%
Increased positions 200 216 -7.4%
Reduced positions 265 205 +29.3%
13F shares Current Prev Q Change
Total value 16.63B 17.55B -5.3%
Total shares 400.89M 420.28M -4.6%
Total puts 8.72M 9.95M -12.4%
Total calls 7.17M 13.8M -48.1%
Total put/call ratio 1.2 0.7 +68.7%
Largest owners Shares Value Change
IAC IAC 63.53M $2.84B +7.6%
Vanguard 41.8M $1.75B -0.7%
Tracinda 27.17M $999.72M 0.0%
Growth Fund Of America 25.53M $852.58M 0.0%
BLK Blackrock 25.4M $1.07B -0.9%
TROW T. Rowe Price 17.1M $717.27M -1.0%
STT State Street 14.95M $626.96M -6.8%
Fred Alger Management 10.28M $431.3M -8.6%
Canada Pension Plan Investment Board 8.69M $364.62M -0.6%
Geode Capital Management 7.15M $299.06M +1.2%
Largest transactions Shares Bought/sold Change
Corvex Management 6.67M -9M -57.4%
IAC IAC 63.53M +4.5M +7.6%
SRS Investment Management 5.7M -4.49M -44.1%
Norges Bank 0 -3.58M EXIT
Melvin Capital Management 3.57M +3.57M NEW
Marshall Wace 309.92K -2.62M -89.4%
Candlestick Capital Management 0 -1.63M EXIT
Citadel Advisors 4.71M -1.61M -25.5%
Orbis Allan Gray 7M -1.61M -18.7%
Atreides Management 759.18K -1.28M -62.8%

Financial report summary

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Management Discussion
  • •Park MGM and Mandalay Bay’s hotel tower operations were closed midweek and full week hotel operations resumed March 3, 2021.
  • •The Mirage’s hotel tower operations were closed midweek, with the entire property closed midweek starting January 4, 2021, and re-opened on March 3, 2021.
  • •MGM Springfield’s hotel was closed and partial hotel operations resumed with midweek closures on March 5, 2021. Full hotel operations resumed on December 13, 2021.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. junior Avg
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