Highest-materiality recent filing
MGM Q2: record revenue $4.5B (+1%); Las Vegas Strip EBITDAR +3%; Adj. EPS $0.59 vs $0.79
Consolidated revenue $4.5B (+1% YoY); net income $292M vs $49M; diluted EPS $1.11 vs $0.18.
MGM China issues $750M 6.25% senior notes due 2033 to repay revolver
Issuer MGM China Holdings, a subsidiary of MGM Resorts, sold $750M of 6.25% senior notes due 2033.
All MGM director nominees re-elected, Deloitte ratified, Say on Pay approved at annual meeting
All 11 director nominees elected with majority support; highest votes for Paul Salem (136.9M for), lowest for Daniel J. Taylor (129.1M for).
MGM Resorts Q1: record $4.5B revenue (+4%); net income $125M (-16%); Adj. EBITDA $580M (-9%)
Consolidated net revenues $4.5B (+4% YoY); net income $125M vs $149M; diluted EPS $0.48 vs $0.51.
MGM Resorts enters voting agreement with IAC and Barry Diller capping voting at 25.73%
IAC holds 66,822,350 shares of MGM common stock as of April 3, 2026.
MGM Q4 net income $294M (+87% YoY), adj EBITDA $635M (+20%); China +30%
Q4 consolidated revenue $4.6B (+6% YoY); net income attributable to MGM $294M vs $157M.
MGM Q4 EPS $1.11, revenue up 6%; full-year net income down 72% due to $279M goodwill impairment
Q4 diluted EPS $1.11 (vs $0.52); revenue $4.61B (vs $4.35B) YoY.
MGM Resorts enters employment agreement with Chief Legal & Admin Officer John McManus through 2029
Base salary $1M, target bonus 150% of base, annual equity target $2.5M (50% PSUs, 50% RSUs).
MGM Q3 net loss $285M on $256M goodwill impairment; revs up 2% to $4.3B; adjusted EPS $0.24
Net loss $285M vs net income $185M prior year; diluted loss per share $1.05; adjusted EPS $0.24 vs $0.54.
MGM Resorts enters new employment contracts with CFO Halkyard and CCO Fritz
CFO Halkyard gets $1.25M base, 150% target bonus, and $3.125M annual equity grants through 2028.
MGM COO Corey Sanders to retire, transition to senior advisor; new COO to be named in September
Sanders remains COO through Dec 31, 2025, then serves as Senior Advisor to CEO through Dec 31, 2026.
MGM Resorts Q2 record rev $4.4B; net income down on $208M FX loss; BetMGM profitable
Consolidated net revenues record $4.4B (+2% YoY); net income $49M vs $187M due to $208M FX loss.
MGM annual meeting elects all 11 directors; all proposals pass
Each director nominee received majority support; highest vote was 155.5M for Keith Barr, lowest was 141.1M for Daniel J. Taylor.
CEO Hornbuckle extends contract to Dec 2028; $8M signing bonus, $10M annual equity target
New employment agreement extends term from Aug 2026 to Dec 31, 2028; base salary unchanged at $2M.
MGM Q1 revenue $4.3B (-2% YoY), net income $149M; announces $2B buyback
Consolidated net revenues $4.3B (-2% YoY); net income $149M vs $217M; Adj. EBITDA $637M vs $673M.
MGM China enters HK$23.4B revolving credit facility; refinances existing debt
MGM China, majority-owned by MGM Resorts, signed a HK$23.4 billion unsecured revolving credit facility on April 15, 2025.
MGM Resorts appoints NBCUniversal's Donna Langley to board
Board expanded from 12 to 13; Donna Langley, Chairman of NBCUniversal Entertainment & Studios, appointed.
Q4 consolidated net revenue $4.3B (-1% YoY); net income $157M vs $313M; Consolidated Adj. EBITDA $528M vs $632M.
MGM Resorts amends bylaws to align with DGCL and universal proxy rules
Bylaw amendment effective Jan 8, 2025; clarifies virtual meeting and adjournment procedures per DGCL.
MGM reports record Q3 revenue of $4.2B, up 5% YoY; net income rises to $185M
Record consolidated net revenues of $4.2B (+5% YoY); net income $185M ($0.61 EPS) vs $161M ($0.46) YoY.
MGM issues $850M of 6.125% senior notes due 2029 to refinance existing debt
Issued $850M aggregate principal of 6.125% Senior Notes due 2029 on Sept 17, 2024.
MGM Resorts appoints former IHG CEO Keith Barr to Board of Directors
Board size increased from 11 to 12; Barr appointed director and Audit Committee member.
Record Q2 consolidated net revenues of $4.3B, up 10% YoY; net income attributable to MGM of $187M vs $201M prior year.
MGM China issues $500M of 7.125% senior notes due 2031; proceeds to repay revolver
Issuer is MGM China Holdings Limited, a consolidated subsidiary of MGM Resorts.
MGM annual meeting: all directors elected, auditor ratified, say-on-pay approved
All 11 director nominees elected; over 167M votes 'for' each, broker non-votes ~95M.
MGM Resorts reports record Q1 revenue $4.4B (+13% YoY); MGM China EBITDAR +78%
Consolidated net revenues $4.4B (+13% YoY); net income $217M ($0.67 diluted EPS) vs $467M ($1.24) prior year, impacted by $398M Gold Strike gain in prior quarter.
MGM issues $750M of 6.500% Senior Notes due 2032 to refinance existing debt
Issued $750M aggregate principal of 6.500% Senior Notes maturing 2032.
MGM enters uncapped completion guarantee for Osaka IR project; 50% share with ORIX
MGM and ORIX each severally guarantee 50% of construction costs and completion of the Osaka IR venture.
MGM China terminates $750M subordinated revolving loan facility from MGM Resorts
Effective March 20, 2024, MGM China voluntarily canceled the entire $750M unutilized facility.
MGM Resorts increases revolver to $2.285B and extends maturity to 2029
Revolving credit facility increased from $1.675B to $2.285B via $685M incremental commitment.
MGM Resorts reports record Q4 and FY2023; Las Vegas Strip and MGM China set all-time EBITDAR
Consolidated Q4 net revenues $4.4B (+22% YoY); net income $313M; diluted EPS $0.92.
MGM Resorts Q3: net rev $4.0B, EPS $0.46, adj EPS $0.64; new $2B buyback
Q3 net revenue $4.0B (+16% YoY); net income $161M vs loss $577M; diluted EPS $0.46 vs -$1.45.
MGM reports ~$100M EBITDAR hit from cyber incident; customer data accessed
Cyber incident reduced Q3 Adjusted Property EBITDAR by ~$100M for Las Vegas Strip and Regional Operations.
MGM Resorts reports cybersecurity issue; systems shut down, investigation ongoing
Cybersecurity issue affecting certain MGM Resorts systems identified on September 12, 2023.
Consolidated net rev $3.9B (record), +21% YoY; diluted EPS $0.55 vs $4.20 (prior year had $2.3B gain on MGP sale).
MGM Resorts shareholders elect 11 directors, ratify auditor, approve say-on-pay at annual meeting
All 11 director nominees elected with majority votes; broker non-votes of ~101M shares excluded.
MGM Q1 revenue $3.9B (+36%), EPS $1.24, Las Vegas Strip EBITDAR record +41%
Consolidated net revenue $3.9B (+36% YoY); diluted EPS $1.24 vs ($0.06); adjusted EPS $0.44 vs $0.01.
MGM Resorts appoints Emmy-winning producer Ben Winston to Board of Directors
Board expanded from 11 to 12; Ben Winston appointed as director effective March 1, 2023.
Consolidated Q4 net revenues $3.6B (+18% YoY); diluted EPS $0.69 vs $0.23; adjusted EPS loss $1.53.
MGM subsidiary secures 10-year Macau gaming concession through 2032; table capacity rises to 750
MGM Grand Paradise granted final 10-year concession from Jan 1, 2023 to Dec 31, 2032, replacing sub-concession.
MGM completes sale of Mirage to Hard Rock for $1.075B; annual lease rent reduced by $90M
Sold all equity interests of The Mirage Casino-Hotel to HR Nevada, LLC (Hard Rock) for $1.075B in cash, subject to customary adjustments.
MGM China granted provisional award of new 10-year Macau gaming concession starting Jan 1, 2023
MGM Grand Paradise received provisional award for a new 10-year gaming concession from the Macau Government.
MGM Resorts provides $750M subordinated revolving loan facility to MGM China
MGM Resorts agreed to provide MGM China a $750 million subordinated revolving loan facility.
Consolidated net revenues of $3.4B, up 26% YoY; operating loss of $1.0B due to $1.2B noncash amortization on Macau subconcession.
MGM Resorts amends bylaws; changes vote standard for stockholder questions
Board adopted amended bylaws effective Oct 7, 2022, updating stockholder list availability to conform to Delaware law.
CEO Hornbuckle: $2M base, 200% target bonus, annual equity grants expected $10M.
MGM Resorts Q2: record LV Strip EBITDAR, MGM China loss; $1.1B share repurchase
Consolidated net revenues $3.3B (+44% YoY); net income $1.8B includes gain on MGP deconsolidation.
MGM extends Macau gaming sub-concession to Dec 31, 2022; pays MOP47M premium
Macau sub-concession of MGM Grand Paradise extended from June 26, 2022 to Dec 31, 2022.
Acquired 100% of operating component of The Cosmopolitan of Las Vegas for $1.625B plus customary purchase price adjustments.
MGM stockholders approve 2022 Omnibus Incentive Plan authorizing 17.9M shares
Stockholders approved 2022 Omnibus Incentive Plan with 17,900,000 shares authorized (325,299,536 For, 8,585,343 Against).
On March 12, 2025, the Board of Directors (the “Board”) of MGM Resorts International (the “Company”) increased the number of directors of the Company from twelve to thirteen and appointed Donna Langley, as a member of the Board.
On August 21, 2024, the Board of Directors (the “Board”) of MGM Resorts International (the “Company”) increased the number of directors of the Company from eleven to twelve and appointed Keith Barr, as a member of the Board.
On March 1, 2023, the Board of Directors (the “Board”) of MGM Resorts International (the “Company”) increased the number of directors of the Company from eleven to twelve and appointed Benjamin (“Ben”) S. Winston, as a member of the Board.
On June 20, 2022, Tilak Mandadi, the Company’s Chief Strategy, Innovation and Technology Officer resigned from the Company to pursue other opportunities.
On December 29, 2021, John Kilroy informed MGM Resorts International (the “Company”) that he was resigning as a member of the board of directors of the Company, effective December 31, 2021.
On August 1, 2021, William Grounds informed MGM Resorts International (the “ Company ”) that he will resign as a member of the board of directors of the Company effective August 1, 2021.
William Grounds executed a resignation letter to be effective upon the earlier of (i) the closing of the EPA Purchase and (ii) delivery of written notice from Mr. Grounds of an earlier effective date, resigning from his position as a member of the board of directors of the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings