MGM Resorts Files Q3 2024 10-Q
Ticker: MGM · Form: 10-Q · Filed: 2024-10-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, financials
TL;DR
MGM Q3 2024 10-Q is in. Check financials.
AI Summary
MGM Resorts International filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial figures and segment performance are presented, reflecting the company's ongoing business activities in the hospitality and gaming sector.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational details for MGM Resorts, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: medium — As a publicly traded company in the volatile hospitality and gaming industry, MGM Resorts faces inherent market and operational risks detailed in its SEC filings.
Key Numbers
- Q3 2024 — Reporting Period (Third quarter financial performance is detailed.)
- 2024-09-30 — As of Date (Financial position as of the end of the quarter.)
Key Players & Entities
- MGM Resorts International (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-10-30 (date) — Filing date
FAQ
What were MGM Resorts' total revenues for the nine months ended September 30, 2024?
The filing does not explicitly state the total revenues for the nine months ended September 30, 2024, but provides the reporting period as 2024-01-01 to 2024-09-30.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
When was the company formerly known as MGM MIRAGE?
The company was formerly known as MGM MIRAGE, with a date of name change on 2000-08-23.
What is the business address of MGM Resorts International?
The business address is 3600 LAS VEGAS BLVD S, LAS VEGAS, NV 89109.
What is the SEC file number for MGM Resorts International?
The SEC file number is 001-10362.
From the Filing
0000789570-24-000029.txt : 20241030 0000789570-24-000029.hdr.sgml : 20241030 20241030161902 ACCESSION NUMBER: 0000789570-24-000029 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241030 DATE AS OF CHANGE: 20241030 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: 241410619 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-20240930.htm 10-Q mgm-20240930 FALSE Q3 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:resort mgm:segment iso4217:HKD iso4217:MOP iso4217:JPY 0000789570 2024-01-01 2024-09-30 0000789570 2024-10-28 0000789570 2024-09-30 0000789570 2023-12-31 0000789570 us-gaap:CasinoMember 2024-07-01 2024-09-30 0000789570 us-gaap:CasinoMember 2023-07-01 2023-09-30 0000789570 us-gaap:CasinoMember 2024-01-01 2024-09-30 0000789570 us-gaap:CasinoMember 2023-01-01 2023-09-30 0000789570 us-gaap:OccupancyMember 2024-07-01 2024-09-30 0000789570 us-gaap:OccupancyMember 2023-07-01 2023-09-30 0000789570 us-gaap:OccupancyMember 2024-01-01 2024-09-30 0000789570 us-gaap:OccupancyMember 2023-01-01 2023-09-30 0000789570 us-gaap:FoodAndBeverageMember 2024-07-01 2024-09-30 0000789570 us-gaap:FoodAndBeverageMember 2023-07-01 2023-09-30 0000789570 us-gaap:FoodAndBeverageMember 2024-01-01 2024-09-30 0000789570 us-gaap:FoodAndBeverageMember 2023-01-01 2023-09-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2024-07-01 2024-09-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2023-07-01 2023-09-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2024-01-01 2024-09-30 0000789570 mgm:EntertainmentRetailAndOtherMember 2023-01-01 2023-09-30 0000789570 mgm:ReimbursedCostsMember 2024-07-01 2024-09-30 0000789570 mgm:ReimbursedCostsMember 2023-07-01 2023-09-30 0000789570 mgm:ReimbursedCostsMember 2024-01-01 2024-09-30 0000789570 mgm:ReimbursedCostsMember 2023-01-01 2023-09-30 0000789570 2024-07-01 2024-09-30 0000789570 2023-07-01 2023-09-30 0000789570 2023-01-01 2023-09-30 0000789570 2022-12-31 0000789570 2023-09-30 0000789570 mgm:GamingSubconcessionMember mgm:MGMGrandParadiseMember 2024-01-01 2024-09-30 0000789570 mgm:GamingSubconcessionMember mgm:MGMGrandParadiseMember 2023-01-01 2023-09-30 0000789570 us-gaap:CommonStockMember 2024-06-30 0000789570 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000789570 us-gaap:RetainedEarningsMember 2024-06-30 0000789570 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000789570 us-gaap:ParentMember 2024-06-30 0000789570 us-gaap:NoncontrollingInterestMember 2024-06-30 0000789570 2024-06-30 0000789570 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0000789570 us-gaap:ParentMember 2024-07-01 2024-09-30 0000789570 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0000789570 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024