MGM Resorts International
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 7,323 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2024] → 9 (+3) [Q1 2025]
2.5% less ownership
Funds ownership: 67.17% [Q4 2024] → 64.67% (-2.5%) [Q1 2025]
9% less funds holding
Funds holding: 668 [Q4 2024] → 611 (-57) [Q1 2025]
21% less capital invested
Capital invested by funds: $6.92B [Q4 2024] → $5.47B (-$1.45B) [Q1 2025]
26% less repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 247
29% less call options, than puts
Call options by funds: $207M | Put options by funds: $291M
37% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 123
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
10%
downside
Avg. target
$46
21%
upside
High target
$60
58%
upside
10 analyst ratings
6 positive
60%
3 neutral
30%
1 negative
10%
Susquehanna Joseph Stauff | 58%upside $60 | Positive Maintained | 29 Jul 2025 |
Barclays Brandt Montour | 16%upside $44 | Overweight Maintained | 18 Jul 2025 |
Truist Securities Barry Jonas | 32%upside $50 | Buy Maintained | 16 Jul 2025 |
Morgan Stanley Stephen Grambling | 0%upside $38 | Equal-Weight Maintained | 11 Jul 2025 |
Stifel Steven Wieczynski | 27%upside $48 | Buy Maintained | 11 Jul 2025 |
Financial journalist opinion
Based on 19 articles about MGM published over the past 30 days
Neutral
PRNewsWire
1 day ago
MGM RESORTS UNVEILS STAR-STUDDED CHEF LINEUP AT BELLAGIO FOUNTAIN CLUB FOR FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2025
Culinary powerhouses Tom Colicchio, Antonia Lofaso and Brooke Williamson join superstar chef roster including José Andres, David Chang, Mario Carbone, Jean-Georges Vongerichten, Masaharu Morimoto, Wolfgang Puck and more Click here to download high-res photo and video LAS VEGAS , July 29, 2025 /PRNewswire/ -- The starting grid for the epicenter of F1®'s most luxurious dining destination is set as Bellagio Fountain Club unveils its first round of culinary headliners for the 2025 Las Vegas Grand Prix. New for this year's race, TV superstars and award-winning chefs Tom Colicchio, Antonia Lofaso and Brooke Williamson will join returning favorites José Andres, David Chang , Mario Carbone, Jean-Georges Vongerichten, Masaharu Morimoto, Wolfgang Puck, Olivia Tiedemann, Michael Mina and Bryan and Michael Voltaggio at the helm of the exclusive culinary program during the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2025, November 20-22.
Negative
Forbes
1 day ago
How Will MGM Stock React To Its Upcoming Earnings?
MGM Resorts stock (NYSE: MGM) is set to announce its financial results for the second quarter on Wednesday, July 30, 2025, with analysts projecting earnings of $0.55 per share from $4.31 billion in revenue. This indicates a decline of 8% in earnings year-over-year and stagnant revenue growth, compared to last year's earnings of $0.60 per share and revenue of $4.33 billion for the same quarter.
Neutral
Proactive Investors
1 day ago
Entain makes subdued start after BetMGM upgrade
Entain PLC (LSE:ENT) shares made a subdued start on Tuesday, even after its jointly-owned BetMGM business delivered an upgrade to its full-year guidance. Much of BetMGM's strong performance appears already priced in, with Entain shares up 44% since January and 11% over the past month.
Neutral
PRNewsWire
1 day ago
BETMGM 2Q/1H 2025 UPDATE & FY2025 GUIDANCE INCREASE
Stronger than expected 2Q and 1H 2025 from successful strategic execution supports increased FY25 outlook LAS VEGAS , July 29, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Second Quarter 2025 ("2Q 2025") and First Half 2025 ("1H 2025") performance. Strong 2Q and 1H performance as BetMGM's ongoing strategic execution drives strong and profitable growth 2Q Net Revenue up 36% YoY and EBITDA of $86 million (up $78 million YoY) 1H Net Revenue up 35% YoY and EBITDA of $109 million (up $232 million YoY) Leading iGaming offering and enhanced player engagement delivered 2Q revenues +29% (1H +28%) with strong growth in player volumes and activity Strong Online Sports performance with 2Q revenues +56% (1H +61%) driven by refined player marketing and management and strengthened product Upgrade to FY25 guidance and increased confidence in path to $500 million EBITDA in coming years Expect FY25 Net Revenue of at least $2.7 billion and EBITDA of at least $150 million 1 Adam Greenblatt, Chief Executive Officer of BetMGM, commented: "BetMGM has seen a strong first half of the year, delivering significant revenue and EBITDA growth that is underpinned by the ongoing execution of our strategic plan.
Positive
Zacks Investment Research
2 days ago
MGM Resorts to Report Q2 Earnings: What's in Store for the Stock?
MGM's second-quarter 2025 results are likely to reflect softer casino trends and margin pressure, offset by digital gains and Las Vegas strength.
Positive
Seeking Alpha
1 week ago
Hold Your Bets: MGM Faces Key Tests In Q2 2025 Earnings
MGM's stock has rallied, but with moderate upside and tough Q2 comps ahead, I recommend holding rather than entering fresh positions now. Key growth drivers include BetMGM's positive EBITDA, Japan expansion, and aggressive share buybacks, but macro risks and China weakness temper enthusiasm. Q2 earnings are pivotal: watch for BetMGM growth, China rebound, continued buybacks, demand resilience, and progress on EBITDA efficiencies.
Positive
Zacks Investment Research
1 week ago
MGM Resorts (MGM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
PRNewsWire
1 week ago
T-MOBILE ARENA LAUNCHES DEDICATED VENUE APP, DEVELOPED BY EVERI, TO ENHANCE FAN EXPERIENCE
Utilizing Everi's BeOn™ Venue Platform, New Arena App Includes Traditional Features and Integrated Ticketing Capabilities LAS VEGAS , July 22, 2025 /PRNewswire/ -- T-Mobile Arena, the 20,000-seat venue located on the Las Vegas Strip between New York-New York and Park MGM, in an agreement with Everi, an IGT brand and premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions and bingo, today announced the launch of a new, dedicated venue app for its eventgoers. The newly designed T-Mobile Arena App is now available in the App Store and Google Play.
Neutral
PRNewsWire
1 week ago
Notice of BetMGM 2Q 2025 Business Update and Conference Call
LAS VEGAS , July 22, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), a leading sports betting and iGaming operator jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release a business update for the period April 1 – June 30, 2025 ("2Q") on Tuesday, July 29, 2025. BetMGM management will host a conference call including Q&A at 9:00am ET / 6:00am PT (2:00pm UK).
Positive
MarketBeat
2 weeks ago
3 Bargain Stocks the Market Is Sleeping on Right Now
It's been a while since investors have been able to buy off the discount rack, but the sudden reversal in U.S. markets over the last quarter has left analysts scrambling to update their earnings projections and year-end index targets. While the usual tech sector suspects have led the rally, the S&P 500 and the NASDAQ Composite have both made new all-time highs this month, and surges in speculative assets like Bitcoin indicate that risk-takers are once again whetting their appetites.
Charts implemented using Lightweight Charts™