Earnings
MGM CFO Says Investors Get Vegas And Regional Casinos 'For Free' At Today's Price
Jonathan Halkyard says its China and BetMGM stakes alone are worth about $4.1 billion, less than three times domestic EBITDA.
MGM
MGM Resorts (MGM) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
MGM CEO Says Talks With Largest Shareholder Are Over: 'We Are Done'
MGM's CFO also said the company skipped third-quarter buybacks, has about $1.4 billion of authorization left and could raise leverage.
Earnings
MGM's Las Vegas Strip Profit Falls 12% As Payroll Climbs, And Asset-Sale Gains Prop Up The Nine Months
MGM's third-quarter Strip earnings fell to $531 million from $601 million, and nine-month operating income includes a $265 million property gain.
Earnings
MGM's Las Vegas Strip Room Rate Falls 8% To $218, Pulling Adjusted Profit Down To $403 Million
The casino operator's net loss narrowed to $17 million, but consolidated Adjusted EBITDA fell from $506 million, and CEO Bill Hornbuckle says October rebounded.
SEC Filings
Diller's People Inc. Accepts 29.9% Ceiling On Its MGM Resorts Stake
People Incorporated holds 26.5% of MGM and now cannot go past 29.9%, while MGM agreed not to adopt a poison pill aimed at it.
Deals
MGM Caps Its Largest Shareholder's Stake At 29.9% After People Drops Its Takeover Bid
People Incorporated and director Barry Diller must back the board on any sale of MGM, so long as set conditions hold.