MGM Resorts International

Halal Rating :
Uncomfortable
Last Price $34.6
Market Cap $10.29b
1D Change

0.52 %

1 Year Change

-18.6 %

Next Earnings Date

Yet to be announced

Company Overview

MGM Resorts International owns and operates casino, hotel, and entertainment resorts in the United States and Macau. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company was formerly known as MGM MIRAGE and changed its name in 2010.

Revenue Sources

Fail

Based on MGM's SEC filings and financial statements, a significant portion of the company's revenue comes from casino operations and gaming activities, which constitute gambling. This is a core part of their business model and accounts for well over 2.5% of their total revenue across all quarters analyzed.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $4.18b $3.98b - $111.87m 0.00% 2.81%
June 30, 2024 $4.33b $4.01b - $112.74m 0.00% 2.81%
March 31, 2024 $4.38b $4.04b - $110.04m 0.00% 2.73%
Dec. 31, 2023 $4.38b $4.06b - $106.88m 0.00% 2.63%

Analysis of the last four quarters shows interest expenses ranging from $106.9M to $112.7M per quarter against total expenses between $3.98B and $4.06B. The interest expense to total expense ratios are consistently below the 5% threshold for concern.

Operational Ethics

Pass

While MGM operates in Macau, which is under Chinese jurisdiction, there is no clear evidence of direct material collaboration with the Chinese Communist Party beyond standard business licensing requirements. No significant operations or partnerships with Israel were identified.

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