MGM RESORTS INTERNATIONAL (MGM)
MGM Resorts International is a global entertainment and hospitality company known for its luxury and premium casinos, resorts, and entertainment experiences. Founded in 1987 and headquartered in Las Vegas, the company operates a portfolio of notable properties across the United States and internationally, offering gaming, hospitality, live entertainment, and dining services. MGM Resorts is recognized for its flagship properties on the Las Vegas Strip, including MGM Grand, Bellagio, and Mandalay Bay.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 15, 2022 | $0.00 | 2022-12-08 | 2022-12-09 |
| September 15, 2022 | $0.00 | 2022-09-08 | 2022-09-09 |
| June 15, 2022 | $0.00 | 2022-06-09 | 2022-06-10 |
| March 15, 2022 | $0.00 | 2022-03-09 | 2022-03-10 |
| December 15, 2021 | $0.00 | 2021-12-09 | 2021-12-10 |
Dividends Summary
- MGM RESORTS INTERNATIONAL has issued 25 dividend payments over the past 18 years
- The most recent dividend was paid 1042 days ago, on December 15, 2022
- The highest dividend payed out to investors during this period was $8.00 per share
- The average dividend paid during this period was $0.38 per share.
Company News
MGM Resorts International unexpectedly withdrew from the New York City casino license competition, saving approximately $2.8 billion. The company plans to redirect capital towards other growth opportunities like BetMGM, MGM Osaka, and potential expansions in Dubai and Thailand.
MGM Resorts International announced the sale of its Northfield Park operations in Ohio to Clairvest Group Inc. for $546 million, with VICI Properties adjusting its lease agreement accordingly. The transaction is expected to close in the first half of 2026.
Goldman Sachs initiated coverage of gambling stocks, expressing bullish views on Wynn Resorts and Caesars Entertainment while rating MGM as a sell. Analysts highlighted potential growth, favorable demographics, and cash flow generation for Wynn and Caesars.
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MGM Resorts reported revenue of $4.33 billion and EPS of $0.86 for Q2 2024, beating analyst estimates. The company saw strong performance across its Las Vegas, regional, and MGM China operations.
