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MGM Resorts International ist ein börsennotiertes US-amerikanisches Unternehmen, das Hotels und Spielcasinos betreibt. Das Unternehmen hat seinen Sitz in Las Vegas. MGM Resorts International ist ein börsennotiertes US-amerikanisches Unternehmen, das Hotels und Spielcasinos betreibt. Das Unternehmen hat seinen Sitz in. MGM RESORTS INTERNATIONAL AKTIE und aktueller Aktienkurs. Nachrichten zur Aktie MGM Resorts International | | MGM | US Ende betreibt die Gruppe 18 Kasino-Hotels in den Vereinigten Staaten (16; Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage. News zur MGM RESORTS INTERNATIONAL AKTIE ✓ und aktueller Realtime-Aktienkurs ✓ MGM Resorts International - 8-K, Current Report.
LAS VEGAS, März / PRNewswire / – MGM Resorts International (das „Unternehmen“ oder „MGM Resorts“) informierte heute Gäste und Mitarbeiter. News zur MGM RESORTS INTERNATIONAL AKTIE ✓ und aktueller Realtime-Aktienkurs ✓ MGM Resorts International - 8-K, Current Report. Get to the fun. Faster! The official app from MGM Resorts is your digital concierge – make & manage hotel, dining, and show reservations. With the MGM Resorts.
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Mgm Resorts International Video#MGMMinute - July 20, 2020 - MGM Resorts
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Booking not available in this language Close. About MGM Resorts. See Below:. I am grateful to the men and women who continue to dedicate their efforts to re-opening our properties and welcoming our guests, safely, once again," said Bill Hornbuckle, CEO and President of MGM Resorts.
However, the near term operating environment will remain challenging and unpredictable as COVID case trends, health and safety protocols, and travel restrictions continue to heavily impact our business.
We remain focused, flexible, and disciplined in navigating this evolving landscape while continuing to pursue our long term growth opportunities, supported by our strong liquidity position.
As such, we remain excited about our integrated resort opportunity in Osaka, expanding our footprint in Macau, and positioning BetMGM as a leading player in the U.
Furthermore, we continued to work aggressively to reduce operating and corporate expenses during the re-opening process while providing a safe and appealing environment for our employees and guests," said Corey Sanders, Chief Financial Officer and Treasurer of MGM Resorts.
Diluted earnings loss per share. Loss on retirement of long-term debt. Foreign currency gain on MGM China senior notes.
Items from unconsolidated affiliates:. Change in fair value of CityCenter swaps. Income tax impact on net income adjustments 1.
Adjusted diluted earnings loss per share. 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.
Dollars in millions. Rooms that were out of service during the three months ended June 30, as a result of property closures due to the COVID pandemic were excluded from the available room count when calculating hotel occupancy and REVPAR.
The following table summarizes information related to the Company's share of income loss from unconsolidated affiliates:.
In thousands. Aria re-opened on July 1, and Vdara re-opened on July 16, The dividend will be payable on September 15, to holders of record on September 10, MGM Resorts will host a conference call at p.
Eastern Time today, which will include a brief discussion of the results followed by a question and answer session. The conference call access code is A replay of the call will be available through Thursday, August 6, The replay may be accessed by dialing or The replay access code is Adjusted EPS is a non-GAAP measure and is presented solely as a supplemental disclosure to reported GAAP measures because management believes this measure is useful in providing period-to-period comparisons of the results of the Company's continuing operations to assist investors in reviewing the Company's operating performance over time.
Management believes that while certain items excluded from Adjusted EPS may be recurring in nature and should not be disregarded in evaluating the Company's earnings performance, it is useful to exclude such items when comparing current performance to prior periods because these items can vary significantly depending on specific underlying transactions or events.
Also, management believes certain excluded items, such as restructuring costs and items further discussed in footnote 2 below, may not relate specifically to current operating trends or be indicative of future results.
In addition, Adjusted EPS may not be defined in the same manner by all companies and, as a result, may not be comparable to similarly-titled non-GAAP financial measures of other companies.
Adjusted Property EBITDAR is a measure defined as earnings before interest and other non-operating income expense , taxes, depreciation and amortization, preopening and start-up expenses, gain on REIT transactions, net, restructuring costs which represents costs related to severance, accelerated stock compensation expense, and consulting fees directly related to the operating model component of the MGM Plan , rent expense associated with triple net operating and ground leases, income from unconsolidated affiliates related to investments in real estate ventures, property transactions, net, and also excludes corporate expense and stock compensation expense, which are not allocated to each operating segment, and rent expense related to the master lease with MGM Growth Properties that eliminates in consolidation.
The Company manages capital allocation, tax planning, stock compensation, and financing decisions at the corporate level.
Adjusted EBITDAR information is a valuation metric, should not be used as an operating metric, and is presented solely as a supplemental disclosure to reported GAAP measures because management believes this measure is widely used by analysts, lenders, financial institutions, and investors as a principal basis for the valuation of gaming companies.
Management believes that while items excluded from Adjusted EBITDAR may be recurring in nature and should not be disregarded in evaluation of the Company's earnings performance, it is useful to exclude such items when analyzing current results and trends compared to other periods because these items can vary significantly depending on specific underlying transactions or events that may not be comparable between the periods being presented.
Also, management believes excluded items may not relate specifically to current trends or be indicative of future results.
For example, preopening and start-up expenses will be significantly different in periods when the Company is developing and constructing a major expansion project and will depend on where the current period lies within the development cycle, as well as the size and scope of the project s.
Property transactions, net includes normal recurring disposals, gains and losses on sales of assets related to specific assets within the Company's resorts, but also includes gains or losses on sales of an entire operating resort or a group of resorts and impairment charges on entire asset groups or investments in unconsolidated affiliates, which may not be comparable period over period.
In addition, management changed its non-GAAP measure as a result of the Bellagio real estate transaction in the fourth quarter of , including recasting prior periods, to exclude rent expense associated with triple net operating leases and ground leases.
However, as discussed herein, Adjusted EBITDAR should not be viewed as a measure of overall operating performance, considered in isolation, or as an alternative to net income, because this measure is not presented on a GAAP basis and excludes certain expenses, including the rent expense associated with the Company's triple net operating and ground leases, and are provided for the limited purposes discussed herein.
This release includes estimated operating trends of net revenues, Adjusted Property EBITDAR and Adjusted Property EBITDAR margin for the Company's Las Vegas Strip and Regional properties, comparing such metrics for the periods from which such properties were operating through June 30, to the same periods in , using monthly property level financials and internally generated daily operating reports to calculate activity for partial monthly periods, based on the days that such properties were opened prior to June 30, , including activity for invitation only customer events prior to re-opening to the general public.
These trends are based on management estimates only using currently available information, which has not been reviewed by the Company's auditors, is not subject to the Company's normal control procedures and has not been prepared in accordance with GAAP.
The Company does not prepare monthly or intra-month property level financials on the same basis as its reported GAAP results and, as a result, the trends reported above are based on information that may not be indicative of full quarter or full month results, respectively, for the Company's operating segments.
The Company uses daily operating results to monitor property revenue and expense performance against budgeted objectives to provide an overview of general performance; however, such amounts and resulting trends are estimates only and should not be used as an alternative to the Company's reported results, which have been prepared in accordance with GAAP and reviewed by the Company's auditors.
In addition, investors are cautioned to not place undue reliance on these trends since these trends may not continue at the applicable properties and they may not be indicative of the trends the Company will see at its other properties when those properties re-open, including as a result of varying degrees of restrictions imposed on open properties, changes in consumer demands or the ability of consumers to travel to the Company's properties in light of the continued pandemic, the potential for authorities to impose new restrictions on the Company's operations and other events that could cause the Company's properties to close in whole or in part.
Management believes that while certain items excluded from Adjusted EBITDA may be recurring in nature and should not be disregarded in evaluating CityCenter's earnings performance, it is useful to exclude such items when comparing current performance to prior periods because these items can vary significantly depending on specific underlying transactions or events.
Also, management believes certain excluded items, such as restructuring costs and items further discussed above, may not relate specifically to current operating trends or be indicative of future results.
Adjusted EBITDA should not be construed as alternatives to operating income or net income, as indicators of the Company's performance; or as alternatives to cash flows from operating activities, as a measure of liquidity; or as any other measure determined in accordance with generally accepted accounting principles.
The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan.
Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates.
In Darwin, Australia , a lucrative market attracting high rollers from Pacific Rim countries,  the company considered building a hotel,  but instead bought the Diamond Beach Hotel and Casino ,  renaming it as the MGM Grand Darwin.
In and , following the merger with Mirage, the company explored options for its next major development project, including in the Las Vegas, Atlantic City, Chicago, and Macau markets.
MGM made moves into the United Kingdom market after a government report called for loosening of the country's gambling regulations.
The British expansion plans ultimately amounted to nothing. MGM closed its online casino after less than two years, citing uncertainty in American regulations and competition from established British brands.
MGM executives were confident that antitrust regulators would not require the sale of any of the two companies' properties.
The Mandalay acquisition made MGM Mirage the largest gaming company in the world,  but it was surpassed just two months later when Harrah's Entertainment acquired Caesars Entertainment  in a deal that had been spurred on by news of the MGM-Mandalay merger.
Despite MGM's initial failure to win a gaming concession in Macau, the company had remained interested in the burgeoning gaming market.
Rumors of a possible partnership with Stanley Ho were reported in ,  but Nevada gaming regulators informally vetoed the idea because of the alleged involvement of organized crime triads in his casinos.
Singapore emerged in as the next major new Asian gaming market, calling for proposals to build two " integrated resort " casinos at Marina Bay and the island of Sentosa.
The proposed sale would not include the Primm Valley Golf Club. On April 19, the company announced that it planned to purchase a 7.
The two parcels give the company complete control of the southwest corner of the Sahara and Las Vegas Boulevard intersection. The Concord site had been the proposed location for the Maxim Casino.
On August 22, , Dubai World said it would buy a 9. The investment firm would buy The firm would also issue a public tender for an additional The latter was often accused of ties with Chinese organized crime and letting the gangs operate in his casinos' VIP rooms.
Faced with not complying with New Jersey gaming regulations, MGM Mirage decided to divest the highly profitable Borgata in order to continue pursuing the even more lucrative Chinese market.
The trust was responsible for selling MGM's interest within 30 months, although MGM had the right to direct the trustee during the first 18 months.
On March 23, Dubai World and Infinity World announced that they had filed a lawsuit in the Delaware Chancery Court seeking to be released from their CityCenter joint venture agreement with MGM Mirage after the company filed its annual report stating that "there is substantial doubt about our ability to continue as a going concern," and "it cannot provide assurance that its business would generate sufficient cash flow from operation.
MGM Resorts would hold 51 percent and the public would receive 20 percent. Following the U. At the end of October , MGM established a betting partnership with Yahoo Sports to connect its sports betting online platform to the popular sports website .
Sanders , chief operating officer; and John McManus, executive vice president, general counsel and secretary.
MGM Resorts International received criticism for filing a lawsuit on July 18, against survivors and relatives of victims slain in the October 1, Las Vegas shooting.
From Wikipedia, the free encyclopedia. Hotel and entertainment company. Grand Name Co. Retrieved The New York Times. Eugene Kohn; John D.
Macomber; Ben Creo Harvard Business Review : 3—4. Harvard Business Review : 2. Retrieved 10 September Wall Street Journal.
CNN Money. Archived from the original on Las Vegas Sun. Las Vegas. Retrieved 22 May Retrieved on 22 May Boston Globe Media.
June 11, Archived from the original on June 14, Washington Business Journal. June 24, Oppel Los Angeles Times.
March 8, Aarons December 9, Washington Post. Steiger March 12, Aarons December 7, Hollie June 3, New York Times.
Stevenson November 18, April 28, Crain's Chicago Business. Dow Jones News Service. December 30, MGM Grand Inc. March 29, Harris, Jr.MGM Resorts International | Follower auf LinkedIn | Welcome to the SHOW. | The resorts and casinos of MGM Resorts International™ are some of the. Beziehung zwischen Hyatt und MGM Resorts International. + Allgemeines. Welche Geschäftsbeziehung besteht zwischen Hyatt Hotels & Resorts™ und MGM. Get to the fun. Faster! The official app from MGM Resorts is your digital concierge – make & manage hotel, dining, and show reservations. With the MGM Resorts. LAS VEGAS, März / PRNewswire / – MGM Resorts International (das „Unternehmen“ oder „MGM Resorts“) informierte heute Gäste und Mitarbeiter. Die letzten MGM Resorts International (MGM) Aktienkurse, Verläufe, Nachrichten und weitere wichtige Informationen für den Aktienhandel und Investitionen.