Last €18.19 EUR
Change Today -0.115 / -0.63%
Volume 0.0
MGG On Other Exchanges
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As of 3:17 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

mgm resorts international (MGG) Snapshot

Open
€18.24
Previous Close
€18.31
Day High
€18.26
Day Low
€17.98
52 Week High
03/5/14 - €20.81
52 Week Low
11/27/13 - €13.81
Market Cap
8.9B
Average Volume 10 Days
200.8
EPS TTM
--
Shares Outstanding
491.1M
EX-Date
07/17/03
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MGM RESORTS INTERNATIONAL (MGG)

mgm resorts international (MGG) Details

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company operates 15 wholly owned resorts in the United States; and the MGM Macau resort and casino in China, as well as develops a gaming resort in Cotai, Macau. It also owns Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

50,800 Employees
Last Reported Date: 03/3/14
Founded in 1986

mgm resorts international (MGG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.0M
President and Chief Marketing Officer
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $834.9K
Chief Operating Officer
Total Annual Compensation: $1.1M
Chief Design & Construction Officer and Direc...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

mgm resorts international (MGG) Key Developments

MGM Resorts International Accepts Massachusetts Casino License

MGM Resorts International received a unanimous vote from the Massachusetts Gaming Commission (MGC) officially granting MGM Springfield a license to operate a resort casino in Downtown Springfield. The license is effective tomorrow, Nov. 7. MGM will pay its $85 million licensing fee to the Massachusetts Gaming Commission on Nov. 17. The project: MGM Springfield, an $800-million investment, is designed to ignite an urban revival. MGM and its professional partners worked painstakingly to put together a design that celebrates the history of Springfield while moving the Gateway City into a new era of commerce and economic opportunity. The integrated resort casino is designed to enhance the entire urban center of Springfield. The mixed-used development project calls for a 25-story 250-room hotel with amenities including a spa, pool and roof deck; 125,000 square feet of gaming space with 3,000 slot machines, 75 gaming tables, a poker room and high limit VIP gambling area; about 55,000 square feet of retail and restaurant space that will accommodate 15 shops and restaurants; and a multi-level parking garage. Plans also envision a high-energy dining, retail and entertainment district with an eight-screen cinema, bowling alley and an outdoor stage. This will be developed by Davenport Properties of Boston, MA, in partnership with MGM on land now occupied by the tornado-ravaged South End Community Center and Howard Street School.

MGM China Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014

MGM China announced unaudited earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company earned net revenue of $794 million, a 2% decrease compared to the prior year quarter. Adjusted EBITDA was $214 million, a 12% increase compared to the prior year quarter, including $12 million of branding fee expense in the current quarter compared to $8 million in the prior year quarter. Operating income was $140 million compared to $114 million in the prior year quarter. Net revenue was $794,265,000 compared to $808,471,000 a year ago. For the nine months, the company reported net revenue of $2,563,641,000 compared to $2,391,177,000 a year ago. Adjusted EBITDA was $665,009,000 compared to $576,042,000 a year ago.

MGM Resorts International Announces Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

MGM Resorts International announced consolidated unaudited earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company reported revenues of $2,485,007,000, operating income of $286,489,000, income before income taxes of $60,590,000, net loss attributable to company of $20,270,000 or $0.04 per diluted share, adjusted EBITDA of $505,902,000 compared to the revenues of $2,463,037,000, operating income of $262,797,000, income before income taxes of $18,743,000, net loss attributable to company of $22,313,000 or $0.05 per diluted share, adjusted EBITDA of $504,885,000 for the same quarter a year ago. During the quarter, the company spent approximately $103 million in CapEx related to the wholly owned domestic operations and an additional $46 million related to National Harbor and its Springfield efforts. For the nine months, the company reported revenues of $7,696,438,000, operating income of $1,057,425,000, income before income taxes of $370,249,000, net income attributable to company of $192,390,000 or $0.39 per diluted share, adjusted EBITDA of $1,736,686,000 compared to the revenues of $7,296,450,000, operating income of $807,147,000, income before income taxes of $35,900,000, net loss attributable to company of $114,929,000 or $0.23 per diluted share, adjusted EBITDA of $1,581,578,000 for the same quarter a year ago.

 

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MGG

Industry Average

Valuation MGG Industry Range
Price/Earnings 75.0x
Price/Sales 1.1x
Price/Book 2.5x
Price/Cash Flow 11.5x
TEV/Sales NM Not Meaningful
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