31-Dec-2025
What to expect for Las Vegas casino trends in 2026
Seeking Alpha News (Thu, 1-Jan 11:00 AM ET)
Macau gaming revenue misses estimates - report
Seeking Alpha News (Thu, 1-Jan 7:53 AM ET)
Off the Strip: Downtown Las Vegas and Reno casino properties shine in November
Seeking Alpha News (Wed, 31-Dec 10:18 AM ET)
MGM RESORTS INTERNATIONAL ANNOUNCES NEW LONG TERM BRANDING AGREEMENT WITH MGM CHINA
PRNewswire (Tue, 23-Dec 9:25 AM ET)
MGM RESORTS REACHES RESPONSIBLE GAMING MILESTONE BY SURPASSING 2,000 GAMESENSE ADVISORS
PRNewswire (Tue, 16-Dec 2:00 PM ET)
Connor McDavid Returns in BetMGM Responsible Gambling Campaign
PRNewswire (Mon, 15-Dec 3:30 PM ET)
Zoox and T-Mobile Arena Join Forces for Futuristic Ride-Hailing
Business Wire (Thu, 11-Dec 11:33 AM ET)
PRNewswire (Thu, 4-Dec 12:15 PM ET)
NoMad Las Vegas Set to Rebrand into The Reserve at Park MGM
PRNewswire (Mon, 1-Dec 9:30 AM ET)
BetMGM Launches Sports Betting in Missouri
PRNewswire (Mon, 1-Dec 8:00 AM ET)
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 second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
MGM Resorts International trades on the NYSE stock market under the symbol MGM.
As of December 31, 2025, MGM stock price declined to $36.49 with 2,406,231 million shares trading.
MGM has a beta of 1.42, meaning it tends to be more sensitive to market movements. MGM has a correlation of 0.41 to the broad based SPY ETF.
MGM has a market cap of $9.98 billion. This is considered a Mid Cap stock.
Last quarter MGM Resorts International reported $4 billion in Revenue and $.24 earnings per share. This beat revenue expectation by $20 million and missed earnings estimates by -$.09.
In the last 3 years, MGM traded as high as $51.35 and as low as $25.30.
The top ETF exchange traded funds that MGM belongs to (by Net Assets): VTI, VOO, VB, RSP, VBR.
MGM has underperformed the market in the last year with a price return of +6.2% while the SPY ETF gained +17.2%. However, in the short term, MGM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.3% vs +2.7% return in SPY. But in the last 2 weeks, MGM shares have been beat by the market, returning -1.0% compared to an SPY return of +0.7%.
MGM support price is $36.14 and resistance is $37.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGM shares will trade within this expected range on the day.