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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 Resilience | MGM's Las Vegas operations show robust performance, with growing EBITDAR and record-setting metrics in key areas, demonstrating strength in a challenging market |
Digital Frontie | Explore BetMGM's rapid growth in iGaming market share and MGM's strategic expansion into new digital markets, positioning the company for future success |
Global Ambitions | Delve into MGM's international expansion plans, including projects in Japan and potential developments in New York, as the company seeks growth beyond its core markets |
Financial Outlook | Analyst price targets range from $35 to $59, with a consensus "Buy" recommendation, reflecting confidence in MGM's strategic initiatives and market position |
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 | 17.8x | −1.3x | 11.1x | |
PEG Ratio | −0.58 | −0.10 | 0.02 | |
Price/Book | 3.2x | 1.5x | 1.4x | |
Price / LTM Sales | 0.6x | 1.3x | 0.9x | |
Upside (Analyst Target) | 37.3% | 16.0% | 20.5% | |
Fair Value Upside | Unlock | 17.6% | 9.0% | Unlock |