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

NYSE

Website

www.mgmresorts.com

CEO

James Murren

Incorporated

Delaware

Location

Nevada

Fiscal year end

Dec 31

Sector

Arts, Entertainment, and Recreation > Casinos (except Casino Hotels)

Industry (SIC)

Hotels & Motels

Caesars Entertainment • Hilton Worldwide • Las Vegas Sands • Host Hotels & Resorts • Park Hotels & Resorts • Travel+Leisure • Hyatt Hotels • Wynn Resorts • Melco Resorts & Entertainment • Boyd Gaming ...

Former names

MGM GRAND INC, MGM MIRAGE

SEC CIK

0000789570

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

'It's official: legal Massachusetts online and retail sports betting is coming after Gov. Charlie Baker signed the state's sports betting bill into law...' -Sports Betting Reporter Tweet

10 Aug 22

https://twitter.com/ButlerBets/status/1557460401041842180

Ahead Of Wynn Resorts Reporting Earnings: Here's What Investors Need To Know

9 Aug 22

The global casino and hotel leader, Wynn Resorts Limited (NASDAQ: WYNN) is set to report its second quarter earnings after the bell on Tuesday.

MGM Resorts Intl Earnings Perspective: Return On Invested Capital

8 Aug 22

Where MGM Resorts Intl Stands With Analysts

4 Aug 22

Credit Suisse Maintains Outperform on MGM Resorts Intl, Lowers Price Target to $72

4 Aug 22

Press releases

From Benzinga Pro

BetMGM Taps Actor Jerry Ferrara as Celebrity Brand Ambassador and Content Creator

10 Aug 22

Ferrara to co-host weekly sports podcast, partner in marketing campaigns and participate in fan events JERSEY CITY, N.J., Aug. 10, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced

BETMGM BECOMES AN OFFICIAL SPORTSBOOK PARTNER OF THE NATIONAL FOOTBALL LEAGUE IN CANADA

9 Aug 22

Partnership sets stage for future activations in Canada JERSEY CITY, N.J., Aug. 9, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today a multi-year partnership extension with the

MGM China Reports 2022 First Half Results

3 Aug 22

To Participate in Public Tender of Macau Gaming Concession Full Confidence in Macau Future Development HONG KONG, Aug. 3, 2022 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company";

MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2022 FINANCIAL AND OPERATING RESULTS

3 Aug 22

BELLAGIO DEBUTS ONE OF A KIND IMMERSIVE DINING EXPERIENCE WITHIN ICONIC CONSERVATORY

26 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$54.00

Low target

$35.00

High target

$72.00

Calendar

3 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart MGM financial data

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
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Cash on hand
Change in cash
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Financial data from company earnings reports.

Recent insider trades

MGM insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MGM institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Gaming and Leisure Properties • Ballys • Sands China

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: addendum, adjacent, America, approach, bidding, building, cessation, Cherokee, CNE, consecutive, conveyed, criteria, deadline, depth, derecognition, derecognized, enacted, enactment, environment, exceeded, factored, footage, foreseen, forthcoming, free, Gazette, heading, highly, inception, incremental, interdependency, macroeconomic, MOP, Official, outlined, prepaid, published, reassessed, reassessment, reclassified, recoverability, reserve, resolved, reverted, shift, shorter, square, sublease, submission, successfully, unchanged, undeveloped, undiscounted, unrealized, upcoming, visa

Removed: absorb, acid, added, allocating, annually, annum, approval, bad, beneficial, breakage, capped, certificate, committed, committee, commonly, consummation, controlled, deducted, department, emergence, enterprise, escalating, exchangeable, fall, fault, ferry, found, fraud, holder, ii, imposed, incentive, indemnified, independent, individual, insufficient, liquidation, long, machine, mandatory, Marina, mask, misconduct, month, nucleic, October, organized, owner, past, prevention, protection, regulator, restrictive, scheme, separately, settlement, slot, spacing, suitability, suitable, support, suspension, temperature, tourist, umbrella, unpredictable, UPREIT, visit, vote, wager, winding

From filing 10-Q 2022 Q2

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