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

  • CEO

    William Joseph Hornbuckle

  • 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

Nov 8, 2025 - Dec 9, 2025

MGM Resorts International Sees Strong Stock Surge Amid Positive Developments

  • MGM Resorts International's stock rose by 10.4% over the past month, significantly outperforming the S&P 500's return of 2.2%.
  • Las Vegas reported a remarkable revenue increase for October, with Strip revenue up by 8.2%, driven largely by baccarat and table games.
  • Strategic initiatives, including rebranding efforts and analyst ratings, contributed to heightened investor confidence despite some bearish sentiments.

Over the past month, MGM Resorts International experienced a notable stock performance increase of 10.4%, greatly surpassing the S&P 500's return of 2.2%. This period was characterized by several bullish developments that positively influenced investor sentiment and propelled the company's upward trajectory.

A significant highlight occurred on November 25 when Las Vegas reported impressive revenue growth for October; Strip revenue increased by 8.2% to $749 million due primarily to substantial gains in baccarat and table games, which surged dramatically by 69% and 23%, respectively. Following this announcement, MGM's stock rose approximately 4.3%, reflecting optimistic market reactions regarding its operational performance amid a thriving local economy.

Investor confidence was further bolstered on November 21 when Citi analyst James Hardiman issued a Buy rating for MGM with a price target set at $35 per share. Although Citigroup later downgraded its rating to Neutral shortly after this initial coverage, it still helped propel shares higher as investors responded favorably to positive projections about MGM’s future prospects.

On December 1, MGM announced plans to rebrand its NoMad Las Vegas property as The Reserve at Park MGM starting December17; this strategic move aims to enhance brand visibility within Marriott Bonvoy's Autograph Collection in early2026 while demonstrating an ongoing commitment to expanding their portfolio through upgraded facilities and services.

Despite these positive trends, some bearish sentiments emerged during this period; notably on November17 when UBS analyst Robin Farley lowered the price target for MGM from $39to$37 while maintaining a Neutral rating—this adjustment introduced caution among investors but did not significantly derail overall momentum throughout the month.

MGM Resorts International outperformed both the Consumer Discretionary (XLY) sector by an impressive margin of over sixty percent and achieved an overperformance of eight point three percent relative to the S&P500 during this one-month trading activity.

NYSE:MGM