MGM Resorts International (FRA:MGG) Tax Rate % : 12.72% (As of Mar. 2024)

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What is MGM Resorts International Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MGM Resorts International's Tax Expense for the three months ended in Mar. 2024 was €40 Mil. MGM Resorts International's Pre-Tax Income for the three months ended in Mar. 2024 was €316 Mil. Therefore, MGM Resorts International's Tax Rate % for the quarter that ended in Mar. 2024 was 12.72%.

MGM Resorts International Tax Rate % Historical Data

The historical data trend for MGM Resorts International's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MGM Resorts International Tax Rate % Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.21

12.67

17.34

77.13

10.72

MGM Resorts International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															25.68	13.85	5.55	-18.60	12.72

MGM Resorts International Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MGM Resorts International's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	144.738	/	1350.524
	=	10.72 %

MGM Resorts International's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	40.179	/	315.927
	=	12.72 %

MGM Resorts International Tax Rate % Related Terms

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MGM Resorts International (FRA:MGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico M1GM34:Brazil

Address

3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.mgmresorts.com

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

MGM Resorts International (FRA:MGG) Headlines

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