MGM Resorts surges on profit beat, $2 billion buyback [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
in its online sports-betting unit, and announced a $2 billion share buyback program. Shares of the Las Vegas, Nevada-based casino operator were up 3.2% in extended trading. The surge in online gambling, particularly in sports betting, is benefiting companies such as MGM Resorts and Caesars Entertainment. Earlier this week, MGM and Entain's sports-betting joint venture, BetMGM, and peer Caesars reported profits aided by a surge in the online betting market. MGM Resorts' quarterly adjusted per-share profit of 69 cents came above Wall Street expectations of 46 cents, according to LSEG compiled data. However, revenue from MGM China, representing the company's operations in China and Macau, fell 2.7% to $1.03 billion for the quarter, compared to analysts' estimate of $1.02 billion. MGM's total revenue fell 2.4% to $4.28 billion in the first quarter ended March 31, compared with the analysts' average estimate of $4.30 billion, as per data compiled by LSEG. (Reporting by Anshum
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MGM
News
- Las Vegas Strip casinos get sobering visitor news [Yahoo! Finance]Yahoo! Finance
- Vegas feels chill as Canadians cut back on travel [Yahoo! Finance Canada]Yahoo! Finance Canada
- MGM Resorts International (NYSE:MGM) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- MGM RESORTS INTERNATIONAL ANNOUNCES NEW LONG TERM BRANDING AGREEMENT WITH MGM CHINAPR Newswire
- MGM Resorts International (NYSE:MGM) was given a new $38.00 price target on by analysts at Barclays PLC. They now have a "negative" rating on the stock.MarketBeat
MGM
Earnings
- 10/29/25 - Miss
MGM
Sec Filings
- 12/9/25 - Form 4
- 12/9/25 - Form SCHEDULE
- 12/3/25 - Form 4
- MGM's page on the SEC website