MGM Resorts International (NYSE:MGM)
$ 37.52 0.01 (0.03%) Market Cap: 11.17 Bil Enterprise Value: 40.22 Bil PE Ratio: 13.45 PB Ratio: 3.45 GF Score: 77/100
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MGM Resorts International at Sanford C Bernstein Strategic Decisions Conference (Virtual) Transcript

Jun 03, 2021 / 03:00PM GMT
Release Date Price: $42.55 (-1.57%)
Vitaly Umansky
Sanford C. Bernstein & Co., LLC., Research Division - Senior Research Analyst

Great. Good morning, everyone. Thanks for joining the Strategic Decisions Conference at Bernstein with MGM Resorts.

Today with us, we have Bill Hornbuckle, President and CEO of MGM; along with Jonathan Halkyard, the CFO, who recently joined the company; and Jim Freeman, SVP of Capital Markets and Strategy. Gentlemen, thanks for being with us this morning.

William Joseph Hornbuckle
MGM Resorts International - President, CEO & Director

Good morning, Vitaly. Thank you for inviting us.

Questions & Answers

Vitaly Umansky
Sanford C. Bernstein & Co., LLC., Research Division - Senior Research Analyst

So why don't we just jump into Q&A. Bill, maybe just some high-level questions maybe directed at you. I think the previous strategy of MGM, I think, was one of kind of recycling lower return capital and then investing it in higher return assets. And then the MGM 2020 cost cutting plan, which is a

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