Morningstar - MGM Resorts International (MGM) MGM Stands to See Some Incremental Benefit From Professional Sports in Vegas; FVE Maintained at $26

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Morningstar

Dan Wasiolek

EUR 147.86 For Business Accounts Only

MGM Stands to See Some Incremental Benefit From Professional Sports in Vegas; FVE Maintained at $26

With nearly 70% of its 2016 EBITDA from Vegas, no-moat MGM stands to benefit more than any other operator from pro sports in the region. We think a pro hockey team could initially add around three fourths of 1 percentage point to total Las Vegas visitation growth during its first season (2017-18), while the increasingly likely move of the NFLâ€™s Raiders would add another one-half percentage point to the region's total arrival growth in 2020.
We plan to revisit our MGM Vegas forecast when the comp...

17/10/2016 15 EN

Underlying

MGM Resorts International

MGM Resorts International is a holding company. Through its subsidiaries, the company owns and operates casino, hotel, and entertainment resorts across the United States and in Macau. The company's segments include: Las Vegas Strip Resorts, which consists of casino resorts such as Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM; Regional Operations, which consists of casino resorts such as MGM Grand Detroit, Beau Rivage, Gold Strike Tunica, Borgata, MGM National Harbor, MGM Springfield, Empire City, and MGM Northfield Park; and MGM China, which owns and operates casino resorts and the related gaming subconcession and land concessions.

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US5529531015 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Dan Wasiolek

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MGM Resorts International: 1 director

A director at MGM Resorts International bought 10,000 shares at 32.170USD and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The n...

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March 8, 2025 March 8, 2025 1 EN

Moody's Investors Service

MGM Resorts International: Update to credit analysis

Our credit view of this issuer reflects its good liquidity with sizable cash balances and its large scale and dominant presence in Las Vegas, constrained by its high leverage level.

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February 13, 2025 February 13, 2025 1 EN

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Moody's Ratings announces completion of a periodic review of ratings of MGM Resorts International

Moody's Ratings (Moody's) has completed a periodic review of the ratings of MGM Resorts International and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 4 February 2025 in which we reassessed the appropriateness of the ratings in the ...

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Contract manufacturer Lonza reported solid half-year results, with over CHF 2.9 billion in total sales year to date, up about 6.4% from last year and boosted by foreign exchange tailwinds. Core EBITDA margin expanded 30 basis points from last year to about 27.8%, helped slightly by new accounting standards. Management indicated that it continues to expect mid- to high-single-digit sales growth in 2019. We are maintaining our fair value estimate of CHF 210 per share and our no-moat rating. The ph...

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MGM Stands to See Some Incremental Benefit From Professional Sports in Vegas; FVE Maintained at $26

MGM Resorts International: 1 director

MGM Resorts International: Update to credit analysis

Moody's Ratings announces completion of a periodic review of ratings of MGM Resorts International

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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