MGM Resorts International (FRA:MGG) Construction In Progress : €0 Mil (As of Mar. 2024)

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What is MGM Resorts International Construction In Progress?

MGM Resorts International's quarterly construction in progress increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€464 Mil) but then declined from Dec. 2023 (€464 Mil) to Mar. 2024 (€0 Mil).

MGM Resorts International's annual construction in progress increased from Dec. 2021 (€373 Mil) to Dec. 2022 (€611 Mil) but then declined from Dec. 2022 (€611 Mil) to Dec. 2023 (€464 Mil).

MGM Resorts International Construction In Progress Historical Data

The historical data trend for MGM Resorts International's Construction In Progress 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 Construction In Progress Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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188.90

140.53

372.98

611.01

464.22

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
Construction In Progress	Get a 7-Day Free Trial															-	-	-	464.22	-

MGM Resorts International Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

MGM Resorts International (FRA:MGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » Construction In Progress

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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