MGM Resorts International (FRA:MGG) Tax Rate % : -15.67% (As of Dec. 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 Dec. 2024 was €-31 Mil. MGM Resorts International's Pre-Tax Income for the three months ended in Dec. 2024 was €196 Mil. Therefore, MGM Resorts International's Tax Rate % for the quarter that ended in Dec. 2024 was -15.67%.

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

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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12.67

17.34

77.13

10.72

4.70

MGM Resorts International Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															-18.60	12.72	-4.26	17.72	-15.67

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. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	50.096	/	1066.797
	=	4.70 %

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

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	-30.782	/	196.428
	=	-15.67 %

MGM Resorts International Tax Rate % Related Terms

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MGM Resorts International 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 0JWC:UK MGG:Germany 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 37,000 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 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming 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. We estimate MGM will open a resort in Japan in 2030.

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