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.
Vegas Dominance | Explore MGM's record-setting performance in Las Vegas, with strong demand trends and strategic revenue initiatives driving growth in core gaming and non-gaming segments |
Regional Resilience | Delve into MGM's regional operations, showcasing a 21% year-over-year EBITDAR increase and market share gains across diverse properties |
Digital Frontie | Learn about BetMGM's impressive growth, capturing 23% of the iGaming market share and solidifying its position as the third-largest U.S. sportsbook |
Financial Outlook | Analysts project a 2% increase in property EBITDAR for FY2025, with an average price target range of $46-$50, reflecting confidence in MGM's strategic positioning |
Metrics to compare | MGM | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipMGMPeersSector | |
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P/E Ratio | 10.8x | −1.1x | 10.2x | |
PEG Ratio | −0.44 | 0.01 | 0.02 | |
Price/Book | 2.7x | 3.0x | 1.4x | |
Price / LTM Sales | 0.5x | 0.7x | 0.9x | |
Upside (Analyst Target) | 68.6% | 39.0% | 35.2% | |
Fair Value Upside | Unlock | 3.2% | 11.5% | Unlock |