MGM Resorts International Reports Successful Q4

MGM Resorts International has reported its financial results for Q4 and 2021. The milestones they were able to achieve during that period have positioned them for further success this year, says Bill Hornbuckle, CEO & President of MGM Resorts, International, who says they remain “excited about long term opportunities.”

“Our record fourth-quarter results are a testament to our talented team across the globe, our sharpened focus on operational efficiency and the proven resiliency of demand for the service and experiences that we provide at MGM Resorts,” said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International. “The strategic milestones we achieved in 2021 position us for further success in 2022, and we remain excited about our long-term opportunities, including leading the U.S. sports betting and iGaming market through BetMGM, pursuing disciplined geographic expansion such as the Japan integrated resort and reinvesting in our core business to drive sustainable growth. As part of these efforts, we are proud to have recently launched our new loyalty program, MGM Rewards, which offers an enhanced and further streamlined experience to millions of our members worldwide.”

“In 2021, we further bolstered our liquidity position while returning $1.75 billion to shareholders via share repurchases and making strategic investments that align with our vision to be the world’s premier gaming entertainment company,” said Jonathan Halkyard, Chief Financial Officer and Treasurer of MGM Resorts International. “We remain committed to maximizing long-term shareholder value and our capital allocation strategy continues to be anchored in three key priorities: maintaining a strong balance sheet, programmatically returning cash to shareholders, and investing in targeted growth opportunities.”

To see the rest of the report, click here.