MGM Resorts Q2 2024 10-Q Filed

Ticker: MGM · Form: 10-Q · Filed: 2024-07-31T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, quarterly-report, gaming, hospitality

TL;DR

MGM Q2 2024 10-Q is in - financials look steady, check for segment performance.

AI Summary

MGM Resorts International filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and business segment information are presented, reflecting the company's ongoing operations in the hospitality and gaming industry.

Why It Matters

This filing provides investors with the latest financial results and operational details for MGM Resorts, crucial for understanding the company's performance and future outlook in the competitive gaming and hospitality sector.

Risk Assessment

Risk Level: medium — Quarterly reports can reveal shifts in financial health or operational challenges that impact stock value.

Key Players & Entities

MGM Resorts International (company) — Filer of the 10-Q
20240630 (date) — End of the reporting period
20240731 (date) — Filing date

FAQ

What was MGM Resorts International's reported fiscal year end?

MGM Resorts International's fiscal year ends on December 31.

What is the SEC file number for MGM Resorts International?

The SEC file number for MGM Resorts International is 001-10362.

In which state was MGM Resorts International incorporated?

MGM Resorts International was incorporated in Delaware (DE).

What is the primary business address for MGM Resorts International?

The primary business address is 3600 LAS VEGAS BLVD S, LAS VEGAS, NV 89109.

What period does this 10-Q filing cover?

This 10-Q filing covers the period ending June 30, 2024.

From the Filing

0000789570-24-000022.txt : 20240731 0000789570-24-000022.hdr.sgml : 20240731 20240731161904 ACCESSION NUMBER: 0000789570-24-000022 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 71 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGM Resorts International CENTRAL INDEX KEY: 0000789570 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 880215232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-10362 FILM NUMBER: 241162246 BUSINESS ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702-693-7120 MAIL ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S. CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: MGM MIRAGE DATE OF NAME CHANGE: 20000823 FORMER COMPANY: FORMER CONFORMED NAME: MGM GRAND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GRAND NAME CO DATE OF NAME CHANGE: 19870713 10-Q 1 mgm-20240630.htm 10-Q mgm-20240630 FALSE Q2 2024 0000789570 --12-31 http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure mgm:property mgm:segment iso4217:JPY iso4217:HKD iso4217:MOP 0000789570 2024-01-01 2024-06-30 0000789570 2024-07-29 0000789570 2024-06-30 0000789570 2023-12-31 0000789570 us-gaap:CasinoMember 2024-04-01 2024-06-30 0000789570 us-gaap:CasinoMember 2023-04-01 2023-06-30 0000789570 us-gaap:CasinoMember 2024-01-01 2024-06-30 0000789570 us-gaap:CasinoMember 2023-01-01 2023-06-30 0000789570 us-gaap:OccupancyMember 2024-04-01 2024-06-30 0000789570 us-gaap:OccupancyMember 2023-04-01 2023-06-30 0000789570 us-gaap:OccupancyMember 2024-01-01 2024-06-30 0000789570 us-gaap:OccupancyMember 2023-01-01 2023-06-30 0000789570 us-gaap:FoodAndBeverageMember 2024-04-01 2024-06-30 0000789570 us-gaap:FoodAndBeverageMember 2023-04-01 2023-06-30 0000789570 us-gaap:FoodAndBeverageMember 2024-01-01 2024-06-30 0000789570 us-gaap:FoodAndBeverageMember 2023-01-01 2023-06-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2024-04-01 2024-06-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2023-04-01 2023-06-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2024-01-01 2024-06-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2023-01-01 2023-06-30 0000789570 mgm:ReimbursedCostsMember 2024-04-01 2024-06-30 0000789570 mgm:ReimbursedCostsMember 2023-04-01 2023-06-30 0000789570 mgm:ReimbursedCostsMember 2024-01-01 2024-06-30 0000789570 mgm:ReimbursedCostsMember 2023-01-01 2023-06-30 0000789570 2024-04-01 2024-06-30 0000789570 2023-04-01 2023-06-30 0000789570 2023-01-01 2023-06-30 0000789570 2022-12-31 0000789570 2023-06-30 0000789570 mgm:GamingSubconcessionMember mgm:MGMGrandParadiseMember 2024-01-01 2024-06-30 0000789570 mgm:GamingSubconcessionMember mgm:MGMGrandParadiseMember 2023-01-01 2023-06-30 0000789570 us-gaap:CommonStockMember 2024-03-31 0000789570 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000789570 us-gaap:RetainedEarningsMember 2024-03-31 0000789570 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000789570 us-gaap:ParentMember 2024-03-31 0000789570 us-gaap:NoncontrollingInterestMember 2024-03-31 0000789570 2024-03-31 0000789570 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000789570 us-gaap:ParentMember 2024-04-01 2024-06-30 0000789570 us-gaap:NoncontrollingInterestMember 2024-04-01 2024-06-30 0000789570 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 20