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.
IPO Year:
Exchange: NYSE
Website: mgmresorts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/14/2025 | $50.00 | Hold → Buy | Argus |
| 2/3/2025 | Buy → Neutral | BTIG Research | |
| 7/3/2024 | $52.00 | Buy | BTIG Research |
| 5/2/2024 | $54.00 | Neutral → Positive | Susquehanna |
| 4/15/2024 | $56.00 | Buy | Seaport Research Partners |
| 3/26/2024 | $61.00 | Buy | Mizuho |
| 10/23/2023 | $49.00 | Buy | HSBC Securities |
| 10/12/2023 | $50.00 | Overweight | CapitalOne |
| 7/14/2023 | $47.00 → $48.00 | Equal-Weight | Morgan Stanley |
| 4/21/2023 | $59.00 → $60.00 | Overweight | Barclays |
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. "Bill is an exceptional, visionary leader who successfully guided the company through the COVID-19 pandemic while also positioning the business for long-term growth through new digital ventures, strategic M&A opportunities, and expansion into new int
Sequential Growth in Adjusted EBITDA and Market Share 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. Gross gaming revenue (GGR) in Macau also saw sequential growth. Headline daily GGR rose 3% quarter-to-quarter to MOP641 million per day in the first quarter, represented 76% of same period 2019. Ma
Record 1Q Las Vegas Strip occupancy and slot win, with slot win up 7% year over yearBetMGM venture reported significant revenue growth and a substantial year over year turn to positive EBITDA in 1Q 2025Repurchased 15 million shares in 1Q 2025, reducing shares outstanding by 43% since the beginning of 2021Board of Directors authorized a new $2 billion share repurchase programMGM Rewards program crossed 50 million members, a notable milestone reflecting the staying power of MGM Resort's iconic brandsLAS 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.
Strong start to 2025 affirms strategic approach and confidence of positive EBITDA in 2025 LAS VEGAS, April 28, 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 1Q 2025 performance. BetMGM's strong momentum from 2H 2024 continued during 1Q 2025, driven by its leading iGaming offering and strengthened sports product, and refined approach to player management1Q Net
LAS VEGAS, April 17, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE:MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will release a business update for the period January 1 – March 31 2025 ("1Q") on Monday April 28 2025 at 7:00am ET / 4:00am PT (12:00pm UK). BetMGM management will host a conference call including Q&A at 9:00am ET / 6:00am PT (2:00pm UK). Details to join the audio webcast will be available on our website: http://investors.mgmresorts.co
Celebrated Chefs, Unmatched Views and New Pricing Solidify Bellagio Fountain Club as the Premier Las Vegas Grand Prix Experience LAS VEGAS, April 9, 2025 /PRNewswire/ -- Tickets are now on sale for MGM Resorts International's Bellagio Fountain Club, one of the most coveted FORMULA 1® HEINEKEN LAS VEGAS GRAND PRIX 2025 race-watching and dining destinations. Featuring unparalleled views of the Fountains and a prime vantage point of the track's longest straightaway, Bellagio Fountain Club returns as the pinnacle of race-weekend hospitality, merging adrenaline-fueled action with a curated rotation of globally celebrated chefs and appearances from some of the industry's top celebrities, DJs and e
LAS VEGAS, March 27, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will release its financial results for the first quarter 2025 after the market closes on Wednesday, April 30, 2025. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com. The call will be accessible
New Marriott Bonvoy Tier Matching, Enriched Royal Caribbean and Celebrity Vacation Perks, Tier Celebrations and Rollover Tier Credits Highlight Exciting Program Enhancements Click here to download high-res photography LAS VEGAS, March 25, 2025 /PRNewswire/ -- MGM Rewards, MGM Resorts' loyalty program, is rolling out new industry-leading benefits for millions of members including the debut of Milestone Rewards to unlock more perks in between tiers, expanded tier match benefits with Marriott Bonvoy, enhanced benefits through Royal Caribbean, the launch of an eGift card, and coming soon, an iconic credit card.
LAS VEGAS, March 11, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Thursday, March 13, 2025. MGM Resorts management will speak at a session scheduled to begin at 4:50 p.m. ET. A live webcast of the session will be available under the Events & Presentation section of the MGM Investor Relations website at http://investors.mgmresorts.com About MGM Resorts International MGM Resorts International (NYSE:MGM) is an S&P 500® global gaming and entertainment company with national and international locations featuring best-in-class hotels and casinos, stat
Academy and GRAMMY Award-winner brings the magic of Las Vegas to life in "Vegas Lights" spot JERSEY CITY, N.J., March 4, 2025 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, is premiering its first online casino commercial featuring company brand ambassador Jamie Foxx. Debuting March 4, the 30-second spot entitled "Vegas Lights" showcases the relationship between the award-winning online casino and MGM Resorts International, with Foxx using the BetMGM mobile app to illuminate iconic Las Vegas experiences with each successive tap. Click here to download
Argus upgraded MGM Resorts from Hold to Buy and set a new price target of $50.00
BTIG Research downgraded MGM Resorts from Buy to Neutral
BTIG Research initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $52.00
Susquehanna upgraded MGM Resorts from Neutral to Positive and set a new price target of $54.00
Seaport Research Partners initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $56.00
Mizuho initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $61.00
HSBC Securities initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $49.00
CapitalOne initiated coverage of MGM Resorts with a rating of Overweight and set a new price target of $50.00
Morgan Stanley reiterated coverage of MGM Resorts with a rating of Equal-Weight and set a new price target of $48.00 from $47.00 previously
Barclays reiterated coverage of MGM Resorts with a rating of Overweight and set a new price target of $60.00 from $59.00 previously
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Sequential Growth in Adjusted EBITDA and Market Share 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. Gross gaming revenue (GGR) in Macau also saw sequential growth. Headline daily GGR rose 3% quarter-to-quarter to MOP641 million per day in the first quarter, represented 76% of same period 2019. Ma
Record 1Q Las Vegas Strip occupancy and slot win, with slot win up 7% year over yearBetMGM venture reported significant revenue growth and a substantial year over year turn to positive EBITDA in 1Q 2025Repurchased 15 million shares in 1Q 2025, reducing shares outstanding by 43% since the beginning of 2021Board of Directors authorized a new $2 billion share repurchase programMGM Rewards program crossed 50 million members, a notable milestone reflecting the staying power of MGM Resort's iconic brandsLAS 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.
Strong start to 2025 affirms strategic approach and confidence of positive EBITDA in 2025 LAS VEGAS, April 28, 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 1Q 2025 performance. BetMGM's strong momentum from 2H 2024 continued during 1Q 2025, driven by its leading iGaming offering and strengthened sports product, and refined approach to player management1Q Net
LAS VEGAS, April 17, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE:MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will release a business update for the period January 1 – March 31 2025 ("1Q") on Monday April 28 2025 at 7:00am ET / 4:00am PT (12:00pm UK). BetMGM management will host a conference call including Q&A at 9:00am ET / 6:00am PT (2:00pm UK). Details to join the audio webcast will be available on our website: http://investors.mgmresorts.co
LAS VEGAS, March 27, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will release its financial results for the first quarter 2025 after the market closes on Wednesday, April 30, 2025. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com. The call will be accessible
MGM Resorts reports record full year consolidated net revenues, up 7% to $17.2 billionMGM China has record full year Segment Adjusted EBITDAR of $1.1 billion, an increase of 25% from prior yearRepurchased over 33 million shares in 2024, reducing shares outstanding by more than 40% since 2021BetMGM accelerated its revenue growth through 2024 and expects to be profitable in 2025LAS VEGAS, Feb. 12, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2024. "MGM Resor
2024 strategic refinement and delivery underpins confidence of positive EBITDA in 2025 LAS VEGAS, Feb. 4, 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 Fiscal Year 2024 ("FY 2024") performance. BetMGM's leading iGaming offering, strengthened sports product and enhanced player engagement delivered accelerating growth and performance metrics through 2024Inflecti
LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will release its financial results for the fourth quarter and full year 2024 after the market closes on Wednesday, February 12, 2025. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com. The call wil
Visitation Revenue Adjusted EBITDA Posted Year-on-Year Growth All Surpassed 2019 Levels HONG KONG, Oct. 30, 2024 /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 and nine months ended September 30, 2024 (the "Period"). The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023. For the nine months ended September 30, Macau saw average daily visitor arrival reach 94,602, up by 30% from last year, recovered to 86% of pre-COVID 2019 levels. Visitation recovery has supported growth of g
Record 3Q consolidated net revenuesRecord results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDARMGM China declared a special dividend in August 2024, resulting in approximately $200 million in cash to MGM Resorts in total this yearRepurchased over $300 million of shares in 3Q and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since 2021Accelerating growth at BetMGM with record 3Q net revenues increasing nearly 20% year-over-year, more than doubling the revenue growth achieved in 2QAdvanced international digital strategy by announcing a venture with Grupo Globo to pursue a sports betting and iGaming license in Brazil, aimin
New Marriott Bonvoy Tier Matching, Enriched Royal Caribbean and Celebrity Vacation Perks, Tier Celebrations and Rollover Tier Credits Highlight Exciting Program Enhancements Click here to download high-res photography LAS VEGAS, March 25, 2025 /PRNewswire/ -- MGM Rewards, MGM Resorts' loyalty program, is rolling out new industry-leading benefits for millions of members including the debut of Milestone Rewards to unlock more perks in between tiers, expanded tier match benefits with Marriott Bonvoy, enhanced benefits through Royal Caribbean, the launch of an eGift card, and coming soon, an iconic credit card.
More than 100 wounded warriors and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino. In partnership with USO, American Airlines will fly these honored guests and t
Hospitality industry leader will more than double solar electricity access LAS VEGAS, Sept. 12, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") is making a bold leap toward its ambitious sustainability goals, signing a power purchase agreement with Escape Solar LLC that will more than double its access to clean solar electricity—an extraordinary stride toward a greener future. The agreement will help propel the Company closer to its goal of procuring 100% renewable electricity in North America by 2030. Already a global leader in sustainability with the world's largest direct connect solar array in the hospitality industry, MGM Resorts currently use
Episodes to feature iconic game show's first-ever nightly progressive jackpot tied to Bonus Round prizing Click here to download creative assets JERSEY CITY, N.J., May 17, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, will celebrate Wheel of Fortune's 8,000th episode during the legendary game show's "Big Money Week" scheduled to air May 20-24. For the first time in the history of the wildly successful syndicated game show, there will be a Nightly Progressive Jackpot sponsored by BetMGM that will be added to whatever a contestant wins if they solve the show's Bonus Puzzle.
Equity Residential (NYSE:EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company's Board of Trustees to serve until the next annual meeting of shareholders. Both Ms. Hoff and Ms. Jones qualify as independent trustees under the New York Stock Exchange's listing standards. Ms. Hoff will serve on the Audit Committee and Ms. Jones will serve on both the Audit and Corporate Governance Committees. With these appointments, the Company's Board will increase to 11 members. Ms. Hoff, 57, is the President and Chief Operating Officer of Bellagio and Park MGM at MGM Resorts International (NYSE:MGM), a global gaming and entertainment company. In this role, which she has hel
LAS VEGAS, July 27, 2023 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) announced today the appointment of Daniel Yang as Chief Customer & Innovation Officer. In this newly constituted role, Yang will lead and advance the company's global consumer success strategy, with a focus on maximizing growth and profitability at the intersection of digital technology and the guest experience. "Dan is a progressive, strategic thinker with a wealth of industry experience leveraging technology and digital strategies to enhance the guest experience in a truly meaningful and differentiating way," said Bill Hornbuckle, CEO & President of MGM Resorts International. "Dan's leadership will be instrumenta
Fritz will oversee company's growth in global digital gaming LAS VEGAS, Oct. 10, 2022 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) announced today the appointment of Gary Fritz to President of MGM Resorts Interactive. Fritz will oversee and advance MGM Resorts' diversification strategy by expanding the Company's digital platforms organically and through acquisitions. This includes driving growth and innovation through the company's industry-leading sports betting and iGaming platform, BetMGM. "Enhancing and growing our digital businesses is one of MGM Resorts' top priorities, and Gary is uniquely positioned to help the Company build on successes and seize new opportunities," said Bil
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank (the "Bank," and together with Pacific Premier, the "Company"), announced today the appointment of Rose McKinney-James as a director of both Pacific Premier and the Bank, effective as of March 28, 2022. In addition, Pacific Premier announced today the issuance of the Company's inaugural Corporate Social Responsibility Report. Director Appointment "We are excited to add Rose to our Board of Directors," said Steve Gardner, Chairman, Chief Executive Officer, and President of Pacific Premier. "She brings more than two decades of experience as a public company director and has significa
LAS VEGAS, April 28, 2021 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2021. "We are pleased with the meaningful progress we've made on multiple fronts this quarter," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International. "Consumer demand strengthened at our domestic properties, and the significant changes we've made to our operating model have positioned us to capitalize on the recovery. Our regional properties achieved record first quar
LAS VEGAS, Jan. 6, 2021 /PRNewswire/ -- The MGM Resorts International ("MGM Resorts") (NYSE: MGM) Board of Directors acknowledges Snow Lake Capital's letter related to MGM China Holdings Limited ("MGM China"), a separate, publicly traded company. MGM Resorts remains committed to Macau and will continue to take actions that are in the best interests of its shareholders and stakeholders. We appreciate continued constructive engagement with MGM China shareholders. ABOUT MGM RESORTS INTERNATIONAL MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and
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