MGM starts game changer mega casino in Osaka to debut in 2030. Estimates $5B in EBITDA. Casino projects will soar in scale with new demands by governments.
MGM's first-quarter top line reflects soft contributions from MGM China, Las Vegas Strip Resorts and regional operations.
MGM Resorts International (NYSE:MGM ) Q1 2025 Earnings Conference Call April 30, 2025 5:00 PM ET Company Participants Howard Wang - VP of IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO and Treasurer Corey Sanders - COO Conference Call Participants Brandt Montour - Barclays Carlo Santarelli - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley John DeCree - CBRE Barry Jonas - Truist Securities Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2025 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Gary Fritz, President of MGM Interactive; Kenneth Feng, Executive Director and President of MGM China Holdings; and Howard Wang, Vice President, Investor Relations.
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MGM Resorts (MGM) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.74 per share a year ago.
MGM's Q1 2025 performance is likely to have benefited from robust domestic demand trends and sustained strength in digital expansion.
MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Jen Salke, the head of Amazon MGM Studios, is stepping down. Amazon hired Salke in 2018 to oversee its movie and television unit, and under her leadership, the company became a bigger player in the entertainment industry.
Jen Salke, who heads Amazon MGM Studios, is stepping down, per a company memo. Salke joined Amazon in 2018, and she's leaving for a production deal.
Jen Salke, head of Amazon's MGM Studios, will step down from her role to start a new production entity, according to an internal memo sent to employees by Prime Video and Amazon MGM Studios head Mike Hopkins, as seen by Reuters.
MGM's focus on diversifying revenue streams with non-gaming attractions bodes well. However, high costs are a concern.