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MGM Mirage (MGM) Wrap Up:

MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States. The company’s 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 company’s 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.
www.mgm-mirage.com
46,000 Employees
Founded in 1986

MGM Mirage (MGM:NYSE)

LAST $10.71 USD
CHANGE TODAY -0.52 -4.63%
VOLUME 23.9M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of MGM Mirage (MGM)

OPEN
$10.99
PREVIOUS CLOSE
$11.23
DAY HIGH
$11.13
DAY LOW
$10.60
52 WEEK HIGH
01/6/09 - $16.89
52 WEEK LOW
03/6/09 - $1.81
MARKET CAP
4.7B
AVERAGE VOLUME 3 mo
25.3M
DILUTED EPS TTM
$-6.06
SHARES OUTSTANDING
441.2M
MGM Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions
>

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Marcial: Is MGM Mirage a Sucker's Bet?

Despite the stock's low price, analysts say MGM remains risky for investors as even more casinos are set to open in Las Vegas

Marcial: Is MGM Mirage a Sucker's Bet?

Despite the stock's low price, analysts say MGM remains risky for investors as even more casinos are set to open in Las Vegas

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MGM Top Compensated Officers

Mr. James J. Murren
Chairman, Chief Executive Officer, President,...
Age: 47
Total Annual Compensation: $1.5M
Mr. Daniel J. D'Arrigo
Chief Financial Officer and Executive Vice Pr...
Age: 40
Total Annual Compensation: $500.0K
Mr. Robert H. Baldwin
Chief Design & Construction Officer, Director...
Age: 58
Total Annual Compensation: $1.5M
Mr. Gary N. Jacobs
President of Corporate Strategy, Secretary, G...
Age: 63
Total Annual Compensation: $700.0K
Mr. Aldo Manzini
Chief Administrative Officer and Executive Vi...
Age: 45
Total Annual Compensation: $500.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for MGM Mirage (MGM)

MGM Mirage Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

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 Provides Capital Expenditure Guidance for the Year 2009

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 Call

MGM Mirage - Conference Presentation Calls

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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
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

MGM

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MGM transactions

Type
Date
Target
Private Placement
September 17, 2009
--
Bankruptcy
August 13, 2009
TravelWorm, Incorporated

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