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.
Portfolio Powerhouse | MGM's diverse operations across Las Vegas, regional U.S. markets, and Macau showcase resilience amid economic uncertainties and market challenges |
Digital Frontie | Explore BetMGM's expansion into new markets, including the EU and Brazil, positioning MGM for growth in the burgeoning online gaming secto |
Financial Fortitude | Analysts project price targets ranging from $45 to $50, reflecting confidence in MGM's growth prospects despite potential market headwinds |
Strategic Investments | Delve into MGM's $2.7 billion capital expenditure plan, aimed at driving long-term growth through developments in Japan and potential expansion in New York |
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 | 17.2x | −7.2x | 11.2x | |
PEG Ratio | −0.56 | −0.03 | 0.02 | |
Price/Book | 3.1x | 1.7x | 1.4x | |
Price / LTM Sales | 0.5x | 1.2x | 1.0x | |
Upside (Analyst Target) | 37.1% | 35.1% | 19.0% | |
Fair Value Upside | Unlock | 23.9% | 9.7% | Unlock |