MGM - MGM Resorts International (MGM) Q1 2024 Earnings Call Transcript

2024-05-01 20:26:07 ET

MGM Resorts International (MGM)

Q1 2024 Earnings Call Transcript

May 1, 2024 05:00 PM ET

Company Participants

Andrew Chapman - Director, Investor Relations

Jonathan Halkyard - Chief Financial Officer

William Hornbuckle - Chief Executive Officer and President

Corey Sanders - Chief Operating Officer

Kenneth Feng - President and Executive Director, MGM China

Hubert Wang - COO and President of MGM China Holdings

Conference Call Participants

Joseph Greff - JPMorgan

Shaun Kelley - Bank of America

Carlo Santarelli - Deutsche Bank

David Katz - Jefferies

Brandt Montour - Barclays

Chad Beynon - Macquarie

Stephen Grambling - Morgan Stanley

John DeCree - CBRE

Robin Farley - UBS

Daniel Politzer - Wells Fargo

Barry Jonas - Truist Securities

Presentation

Operator

Good afternoon, and welcome to the MGM Resorts International First Quarter 2024 Earnings Conference Call.

Joining the call from the Company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Kenneth Feng, Executive Director and President of MGM China Holdings; Hubert Wang, COO and President of MGM China Holdings; and Andrew Chapman, Director of Investor Relations.

All participants are in a listen-only mode. After the Company's remarks, there will be a question-and-answer session. In fairness to all participants, we do ask that you please limit yourselves to one question and one follow-up. Please also note, today's event is being recorded.

At this time, I'd like to turn the floor over to Andrew Chapman.

Andrew Chapman

Good afternoon, and welcome to the MGM Resorts International first quarter 2024 earnings call. This call is being broadcast live on the Internet at investors.mgmresorts.com, and we've also furnished our press release on Form 8-K to the SEC.

On this call, we will make forward-looking statements under the Safe Harbor provisions of the federal securities laws. Actual results may differ materially from those contemplated in these statements. Additional information concerning factors that could cause actual results to differ from these forward-looking statements is contained in today's press release and in our periodic filings with the SEC. Except as required by law, we undertake no obligation to update these statements as a result of new information or otherwise.

During the call, we will also discuss non-GAAP financial measures when talking about our performance. You can find a reconciliation to GAAP financial measures in our press release and investor presentation, which are available on our website. Finally, this presentation is being recorded....

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