MGM Resorts International Website

MGM Resorts International

NYSE-MGM

Company Overview

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

  • Name

    MGM Resorts International

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  • Website

    www.mgmresorts.com

  • Sector

    Hotels, Restaurants and Leisure

  • Year Founded

    1986

Company Statistics

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Bulls Say

  • MGM was awarded the only urban Japanese gaming concession due to its strong experience operating leading resorts in Las Vegas and its successful record of working with partners.

  • MGM is positioned to participate in Macao's long-term growth opportunity (21% of 2024 EBITDAR) and has seen its room share expand to 8% from 3% with the opening of its Cotai casino in 2018.

  • MGM's US properties are positioned to benefit from the expansion of the multi-billion-dollar domestic sports and i-gaming betting market.

Bears Say

  • The majority of cash flow for MGM comes from the Las Vegas region, which has lower regulatory barriers, margins, and ROICs than Macao.

  • The Macao government is transitioning the region's mix toward a nongaming full resort destination site, which could place outsize pressure on growth for MGM, given its relatively low nongaming mix.

  • The Chinese government has full control over labor, table allocations, gaming licenses (which it could revoke), and travel visas. Also, it is increasing its supervision of VIP play, which can result in volatile periods of growth for the region.

Source: Morningstar Analysis - Nov 04, 2025

What's happening

Dec 3, 2025 - Jan 3, 2026

MGM Resorts International Shows Resilience Amid Market Challenges

  • IAC's increased stake in MGM signals strong investor confidence.
  • Analyst downgrades create mixed sentiments despite positive revenue growth.
  • MGM's commitment to responsible gaming initiatives reflects corporate responsibility.

Over the past month, MGM Resorts International demonstrated a notable overall movement of 3.2%, significantly outperforming the S&P 500's return of 0.3%. This performance was influenced by several key events that shaped investor sentiment throughout December. On December 10, IAC increased its stake in MGM from 16.5% to an impressive 24.07%, acquiring approximately 1.1 million shares and signaling strong confidence in the company's future prospects.

Despite this bullish surge, bearish sentiments emerged shortly after due to price target adjustments from analysts such as Capital One Financial and Goldman Sachs on December 8 and again on December 15. These revisions indicated a cautious outlook for MGM’s stock value amid mixed earnings results; while revenue growth was reported, it fell short of earnings per share estimates (EPS). The market reactions remained relatively contained as investors weighed both optimistic and pessimistic narratives surrounding the company.

Additionally, on December 16, MGM announced surpassing over 2,000 certified GameSense Advisors aimed at promoting responsible gaming initiatives. While this showcased corporate responsibility efforts, it did not translate into immediate positive stock movement amidst broader concerns reflected by earlier analyst downgrades.

Overall, despite facing challenges from analyst revisions and market caution regarding earnings performance, MGM maintained a favorable position within its sector during this period with an outperformance of over 53% relative to the Consumer Discretionary (XLY) sector and 2.9% relative to the S&P index returns during this timeframe.

NYSE:MGM