MGM Resorts International vs ProShares Ultra QQQ ETF — how do they compare? MGM Resorts International trades at $46.57 (market cap $11.86B), while ProShares Ultra QQQ ETF trades at $89.24. The key difference: MGM Resorts International pays a 0.03% dividend while ProShares Ultra QQQ ETF pays none. Which is the better fit depends on your goals.
| MGM | QLD | |
|---|---|---|
Market Cap | $11.86B | — |
Sector | Consumer Cyclical | Leveraged / Inverse |
52-Week High | $50.69 | $100.53 |
52-Week Low | $30.72 | $57.16 |
Enterprise Value | $40.90B | — |
Dividend Yield | 0.03% | — |
Trailing returns across standard periods
Latest headlines on both assets
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, Cosmopolitan, Luxor, New York-New York, and CityCenter. The Strip contributed approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. we estimate MGM's U.S. sports and iGaming operations are currently a mid-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM Macau 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 2027.
Read more on MGM →QLD is a leveraged ETF that seeks daily investment results corresponding to 200% of the daily performance of the NASDAQ-100 Index. It achieves 2x leverage by investing in financial instruments such as swaps and is designed as a tactical trading tool for investors with a bullish (long) view on the NASDAQ-100. Due to the effects of compounding and leverage, the ETF is intended to be held for a single day and is not suitable for long-term investment.
Read more on QLD →