Description
Overview of the 3rd quarter of MGM Resorts International for the year 2023.
Goals and objectives of the research
Research Objective: To perform a comparative analysis of the Q3FY23 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q3FY23;
- Analyze the collected information;
- Conduct a comparative assessment of the Q3FY23 report with the reports from previous quarters of the current fiscal year and Q3FY22;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labelled accordingly.
The provided public company reports are unaudited.
Document markup
- FY - Financial Year;
- Q - Quarter;
- QoQ - Quarter-over-Quarter;
- MGM - MGM Resorts International;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- MGM Resorts International Annual Report Period is from January 1, to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
- Operating income was 369.936 million USD compared to operating loss of (1,045.971 million USD) in the Q3FY22;
- Net income attributable to MGM Resorts was 161.117 million USD in the Q3FY23;
- In August 2023, LeoVegas completed the acquisition of the majority ownership of Push Gaming;
- In September 2023, through unauthorized access to certain of its U.S. systems, third-party criminal actors obtained, of the Company’s customers, personal information.
