secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000789570-24-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGM Resorts reports record Q4 and FY2023; Las Vegas Strip and MGM China set all-time EBITDAR
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- Consolidated Q4 net revenues $4.4B (+22% YoY); net income $313M; diluted EPS $0.92.
- Full year net revenues $16.2B (+23%); net income $1.1B; diluted EPS $3.19; Adjusted EPS $2.67.
- Las Vegas Strip Resorts Q4 same-store net rev +10%; Adjusted Property EBITDAR $864M (+3% same-store).
- MGM China Q4 net rev $983M (+462% YoY); record EBITDAR $262M vs loss of $55M a year ago.
- Repurchased $629M in shares in Q4 ($2.3B in 2023); credit facility expanded to $2.3B, maturity extended to 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000078957024000002/0000789570-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000078957024000002/mgm-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000789570-24-000002

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