MGM Resorts International

MGM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$64.00	Cmkb	Ygrpzrz

MGM Earnings: Macau Performance Shines, While Domestic Demand Is Clouded by Increased Labor Expense

Dan Wasiolek

Aug 3, 2023

We expect to increase no-moat MGM’s $51 fair value estimate by around $1 per share on stronger Macau results, mitigated by mixed results in the company’s domestic portfolio (the reason we think shares fell 6% afterhours).

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