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Valuation Estimation |
EPS (Current/Estimated)
3.19/2.50
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Enterprise Value
44.20B
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Balance Sheet |
Book Value Per Share
11.02
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Cash Flow |
Cash Flow Yield
0.18
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Income Statement |
Total Revenue
16.16B
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Operating Revenue Per Share
49.03
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Industry Comparison
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Quotes are at least 15-min delayed:2024/05/13 15:44 EDT
Industry overview quotes are at least 15 minutes delayed
Business Description
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MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030. |