PR Newswire
LAS VEGAS, Aug. 2, 2023
LAS VEGAS, Aug. 2, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2023.
"Beyond MGM's outstanding second quarter performance, we also cemented a long-term agreement with Marriott which will provide us with an expansive customer booking channel to further bolster our profitability. Also, BetMGM reported that it achieved its first positive EBITDA quarter and remains on track to achieve its next milestone of second half profitability," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts. "Looking forward to the rest of 2023 and beyond, we are encouraged by the pacing of both Formula 1 and the Super Bowl and the announced relocation of the A's, which will further solidify Las Vegas as the sports and entertainment capital of the world."
"We expect to continue to pursue long-term growth opportunities by expanding our global online presence and digital capabilities and through our development efforts in Japan and New York," said Jonathan Halkyard, Chief Financial Officer and Treasurer of MGM Resorts.
Second Quarter 2023 Financial Highlights:
Consolidated Results
Las Vegas Strip Resorts
Kurzfristig positionieren in MGM Resorts International Ltd. | ||
VM1PH4
| Ask: 0,67 | Hebel: 4,70 |
mit moderatem Hebel |
Zum Produkt
| |
Regional Operations
MGM China
Adjusted EPS
The following table reconciles diluted earnings per share ("EPS") to Adjusted EPS (approximate EPS impact shown, per share; positive adjustments represent charges to income):
Three Months Ended June 30, | 2023 | | 2022 |
Diluted earnings per share | $ 0.55 | | $ 4.20 |
Property transactions, net | 0.01 | | (0.05) |
Gain on REIT transactions, net | — | | (5.41) |
Non-operating items: | | | |
Loss (gain) related to debt and equity investments | (0.02) | | 0.05 |
Foreign currency transaction loss | 0.02 | | 0.02 |
Change in the fair value of foreign currency contracts | 0.04 | | 0.05 |
Income tax impact on net income adjustments(1) | (0.01) | | 1.18 |
Adjusted EPS | $ 0.59 | | $ 0.04 |
| |
1. | The income tax impact includes current and deferred income tax expense based upon the nature of the adjustment and the jurisdiction in which it occurs. |
The prior year quarter also included a non-cash income tax charge of $90 million resulting from an increase in the valuation allowance on Macau deferred tax assets and a non-cash income tax benefit of $37 million to record the impact of the VICI transaction on state deferred tax liabilities.
Las Vegas Strip Resorts
The following table shows key gaming statistics for Las Vegas Strip Resorts:
Three Months Ended June 30, | 2023 | | 2022 | % Change |
| (Dollars in millions) | | ||
Casino revenue | $ 492 | | $ 499 | (1) % |
Table games drop | $ 1,498 | | $ 1,429 | 5 % |
Table games win | $ 345 | | $ 330 | 5 % |
Table games win % | 23.1 % | | 23.1 % | |
Slot handle | $ 5,947 | | $ 5,344 | 11 % |
Slot win | $ 551 | | $ 498 | 11 % |
Slot win % | 9.3 % | | 9.3 % | |
The following table shows key hotel statistics for Las Vegas Strip Resorts:
Three Months Ended June 30, | 2023 | | 2022 | % Change |
Room revenue (in millions) | $ 707 | | $ 696 | 2 % |
Occupancy | 96 % | | 92 % | |
Average daily rate (ADR) | $ 234 | | $ 225 | 4 % |
Revenue per available room (RevPAR)4 | $ 224 | | $ 208 Werbung Mehr Nachrichten zur MGM Resorts International Ltd. Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |