MGM Resorts International (MGM) Stock
MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China.
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About MGM Resorts International
MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas, Nevada.
MGM Resorts International is led by CEO William Joseph Hornbuckle, employs 60,000 people, headquartered in Las Vegas, US, publicly traded since 1988.
MGM Resorts International (MGM) stock trades at $45.54 with a market capitalization of $11.65B. The stock is valued at a price-to-earnings (P/E) ratio of 64.52, price-to-book of 4.95, price-to-sales of 0.68. Over the past 52 weeks the stock has ranged between $29.19 and $51.59, and currently trades 11.7% below its 52-week high.
On profitability, MGM Resorts International generates a return on equity (ROE) of 13.49%, above the typical market average, return on capital employed of 30.58%, an operating margin of 5.71%, a net profit margin of 1.03%.
Official website: www.mgmresorts.com