MGM MGM Mirage featured news, full reports, and detailed charts
MGM Mirage (MGM) Wrap Up:
MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States. The companys resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of December 31, 2008, the companys properties consisted of 17 wholly-owned casino resorts and 50% investments in 4 other casino resorts. MGM MIRAGE also operates luxury hotels in the Middle East and Asia. It has a strategic alliance with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Ledyard, Connecticut. The company, formerly known as MGM Grand, Inc., was founded in 1986 and is based in Las Vegas, Nevada. MGM MIRAGE is a subsidiary of Tracinda Corporation.MGM Mirage (MGM:NYSE)
Snapshot of MGM Mirage (MGM)
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OPEN
$10.99
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PREVIOUS CLOSE
$11.23
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DAY HIGH
$11.13
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DAY LOW
$10.60
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52 WEEK HIGH
01/6/09 - $16.89
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52 WEEK LOW
03/6/09 - $1.81
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MARKET CAP
4.7B
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AVERAGE VOLUME 3 mo
25.3M
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DILUTED EPS TTM
$-6.06
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SHARES OUTSTANDING
441.2M
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MGM Does Not Pay Dividends
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P/E TTM
NM
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related news
MGM Mirage's 67-acre CityCenter is the ultimate test of Sin City's bigger-is-better business model
MGM Mirage's 67-acre CityCenter is the ultimate test of Sin City's bigger-is-better business model
Despite the stock's low price, analysts say MGM remains risky for investors as even more casinos are set to open in Las Vegas
Despite the stock's low price, analysts say MGM remains risky for investors as even more casinos are set to open in Las Vegas
related news
MGM Top Compensated Officers
Executives, Board Directors
Key developments for MGM Mirage (MGM)
MGM Mirage reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating loss of $963,419,000, loss before income taxes of $1,158,248,000, net loss of $750,388,000 or $1.70 diluted loss per share on revenue of $1,533,223,000 against operating income of $241,557,000, income before income taxes of $95,289,000, net income of $750,388,000 or $0.22 diluted per share on revenue of $1,785,531,000 for the same period a year ago. LBITDA of $792,768,000 against EBITDA of $441,659,000 for the same period a year ago. For the nine months, the company reported operating loss of $477,221,000, loss before income taxes of $1,293,259,000, net loss of $857,764,000 or $2.40 diluted loss per share on revenue of $4,526,173,000 against operating income of $916,629,000, income before income taxes of $463,901,000, net income of $292,725,000 or $1.02 diluted per share on revenue of $5,584,255,000 for the same period a year ago. EBITDA of $44,656,000 against EBITDA of $1,508,288,000 for the same period a year ago.
MGM Mirage provided capital expenditure guidance for the year 2009. The company's previous capital expenditure guidance was $200 million for the year. And so that guidance will be slightly lower as finish up the fourth quarter. This year, guidance is $200 million in Capex.
MGM Mirage - Conference Presentation Calls
MGM Competitors
| Company | Last | Change |
| Boyd Gaming Corp | $8.76 USD | +0.13 |
| International Game Technology | $19.44 USD | -0.13 |
| Las Vegas Sands Corp | $16.35 USD | -0.60 |
| Penn National Gaming Inc | $27.63 USD | -0.17 |
| Wynn Resorts Ltd | $63.88 USD | -0.26 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MGM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.8x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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MGM |
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MGM transactions
| Type Date |
Target |
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Private Placement
September 17, 2009 |
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Bankruptcy
August 13, 2009 |
TravelWorm, Incorporated |
