MGM Resorts International


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MGM Resorts International: Is The Expansion in Property Locations To The UAE Expected To Be A Game Changer? 


MGM Resorts International’s Q4 and full 2023 year earnings conference call indicates a mixed outcome, with positive results achieved especially in Las Vegas and MGM China. CEO Bill Hornbuckle mentioned an all-time high in adjusted property EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs) for both regions. This was supported by 7 domestic properties setting records for the same metric. In Las Vegas, events like the Super Bowl and the Formula 1 race significantly bolstered hotel and casino activity, leading to record event gaming volumes. The partnership with Marriott allowed customers to seamlessly book rooms at select MGM properties.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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