Company Overview
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. 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.
Company Information
- CEO
- William Joseph Hornbuckle IV
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- Employees
- 60000
Contact Information
- Website
- https://www.mgmresorts.com
- Address
- 3600 Las Vegas Boulevard South
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Consumer Cyclical leader with 9.38B market capitalization
- Trading Volume: 539.45K shares traded today
- Price Range: 52-week range of $25.30 - $42.54
- Exchange: Listed on New York Stock Exchange
Financial Metrics
Market Analysis for MGM Resorts International
MGM Resorts International (MGM) operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. With a current market capitalization of 9.38B, the company represents a significant player in its market. The stock is currently trading at $34.45 with a negativedaily change of 0.75%.
The company's 60000 employee base and presence on the New York Stock Exchangeexchange position it as a Consumer Cyclical sector leader. Investors should consider the stock's P/E ratio of 19.03, beta of 1.82, and 52-week price range from $25.30 to $42.54when evaluating investment opportunities.
Why Invest in MGM Resorts International?
Strengths
- • Established market presence in Consumer Cyclical
- • Strong financial metrics and market position
- • Listed on major exchange (New York Stock Exchange)
- • Experienced leadership under William Joseph Hornbuckle IV
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
Related Consumer Cyclical Stocks
About Consumer Cyclical Sector
The Consumer Cyclical sector includes companies that sell non-essential goods and services that consumers purchase when they have disposable income.