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MGM Resorts International

32.58 USD
+0.37
1.15%
At close May 9, 4:00 PM EDT
Pre-market
33.00
+0.42
1.29%
1 day
1.15%
5 days
3.43%
1 month
8.85%
3 months
-5.18%
6 months
-11.27%
Year to date
-3.21%
1 year
-20.24%
5 years
122.39%
10 years
68.37%
 

About: MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.

Employees: 78,000

0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 10 analysts

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1.1% more ownership

Funds ownership: 66.02% [Q3] → 67.11% (+1.1%) [Q4]

4% less first-time investments, than exits

New positions opened: 101 | Existing positions closed: 105

2% less funds holding

Funds holding: 678 [Q3] → 663 (-15) [Q4]

10% less call options, than puts

Call options by funds: $268M | Put options by funds: $298M

12% less capital invested

Capital invested by funds: $7.84B [Q3] → $6.92B (-$921M) [Q4]

34% less repeat investments, than reductions

Existing positions increased: 183 | Existing positions reduced: 276

50% less funds holding in top 10

Funds holding in top 10: 12 [Q3] → 6 (-6) [Q4]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$36
10%
upside
Avg. target
$47
43%
upside
High target
$60
84%
upside

10 analyst ratings

positive
90%
neutral
10%
negative
0%
Macquarie
Chad Beynon
38% 1-year accuracy
23 / 60 met price target
47%upside
$48
Outperform
Maintained
2 May 2025
Stifel
Steven Wieczynski
46% 1-year accuracy
17 / 37 met price target
35%upside
$44
Buy
Maintained
1 May 2025
Barclays
Brandt Montour
46% 1-year accuracy
39 / 85 met price target
32%upside
$43
Overweight
Maintained
1 May 2025
Susquehanna
Joseph Stauff
42% 1-year accuracy
16 / 38 met price target
53%upside
$50
Positive
Maintained
1 May 2025
Truist Securities
Barry Jonas
38% 1-year accuracy
14 / 37 met price target
38%upside
$45
Buy
Maintained
23 Apr 2025

Financial journalist opinion

Based on 19 articles about MGM published over the past 30 days

Positive
Seeking Alpha
22 hours ago
Why I Am Bullish On MGM Despite Macro Headwinds
MGM operates some of the top resorts in the U.S., which have maintained occupancy rates above 90% over the past few years. Despite short-term macro headwinds, I think the long-term outlook remains positive for Las Vegas, iGaming, and sports betting. MGM is well-positioned to benefit from the overall growth, and many of the current risks can be mitigated by extending the investment time horizon.
Why I Am Bullish On MGM Despite Macro Headwinds
Neutral
PRNewsWire
3 days ago
MGM RESORTS ANNOUNCES NEW EMPLOYMENT AGREEMENT WITH CEO & PRESIDENT BILL HORNBUCKLE
LAS VEGAS , May 8, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached a new employment agreement with CEO & President Bill Hornbuckle through December 31, 2028. As part of his new employment contract, the Company has also agreed to offer Hornbuckle an advisory agreement at the end of the term to assist with its integrated resort project in Osaka, Japan until its opening.
MGM RESORTS ANNOUNCES NEW EMPLOYMENT AGREEMENT WITH CEO & PRESIDENT BILL HORNBUCKLE
Neutral
The Motley Fool
4 days ago
Cheap Stock Alert -- Don't Overlook MGM Resorts
MGM Resorts (MGM -2.03%) has a lot going for it with growth in online gaming and a new casino in Japan opening. But the stock is so cheap that management added another $2 billion to its buyback program last week.
Cheap Stock Alert -- Don't Overlook MGM Resorts
Positive
Seeking Alpha
1 week ago
MGM: $8b Japan Casino Shovel In The Ground Could Ignite A New Brick And Mortar Era Globally
MGM starts game changer mega casino in Osaka to debut in 2030. Estimates $5B in EBITDA. Casino projects will soar in scale with new demands by governments.
MGM: $8b Japan Casino Shovel In The Ground Could Ignite A New Brick And Mortar Era Globally
Positive
Zacks Investment Research
1 week ago
MGM Resorts' Q1 Earnings & Revenues Beat Estimates, Stock Up
MGM's first-quarter top line reflects soft contributions from MGM China, Las Vegas Strip Resorts and regional operations.
MGM Resorts' Q1 Earnings & Revenues Beat Estimates, Stock Up
Neutral
PRNewsWire
1 week ago
MGM China Reports 2025 First Quarter Results
Sequential Growth in Adjusted EBITDA and Market  S hare HONG KONG , May 1, 2025 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2025 (the "Period"). The Group is pleased to see Macau's average daily visitor arrival in the first quarter up 12% quarter-to-quarter to 109,585, recovered to 95% of same period in 2019.
MGM China Reports 2025 First Quarter Results
Neutral
Seeking Alpha
1 week ago
MGM Resorts International (MGM) Q1 2025 Earnings Call Transcript
MGM Resorts International (NYSE:MGM ) Q1 2025 Earnings Conference Call April 30, 2025 5:00 PM ET Company Participants Howard Wang - VP of IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO and Treasurer Corey Sanders - COO Conference Call Participants Brandt Montour - Barclays Carlo Santarelli - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley John DeCree - CBRE Barry Jonas - Truist Securities Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2025 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; Gary Fritz, President of MGM Interactive; Kenneth Feng, Executive Director and President of MGM China Holdings; and Howard Wang, Vice President, Investor Relations.
MGM Resorts International (MGM) Q1 2025 Earnings Call Transcript
Positive
Zacks Investment Research
1 week ago
MGM (MGM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MGM (MGM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Positive
Zacks Investment Research
1 week ago
MGM Resorts (MGM) Beats Q1 Earnings and Revenue Estimates
MGM Resorts (MGM) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.74 per share a year ago.
MGM Resorts (MGM) Beats Q1 Earnings and Revenue Estimates
Neutral
PRNewsWire
1 week ago
MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2025 FINANCIAL AND OPERATING RESULTS
Record 1Q Las Vegas Strip occupancy and slot win, with slot win up 7% year over year BetMGM venture reported significant revenue growth and a substantial year over year turn to positive EBITDA in 1Q 2025 Repurchased 15 million shares in 1Q 2025, reducing shares outstanding by 43% since the beginning of 2021 Board of Directors authorized a new $2 billion share repurchase program MGM Rewards program crossed 50 million members, a notable milestone reflecting the staying power of MGM Resort's iconic brands LAS VEGAS , April 30, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2025. "MGM Resorts achieved strong first quarter results across our portfolio in the face of the well anticipated comparison to last year's Super Bowl in Las Vegas, highlighted by a positive EBITDA performance at our BetMGM venture," said Bill Hornbuckle, Chief Executive Officer & President of MGM Resorts International.
MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2025 FINANCIAL AND OPERATING RESULTS
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