MGM Resorts International (MGM)

MGM Resorts International's stock price has experienced fluctuations, with a closing price of $37.49 as of February 6, 2026, and a 52-week range between $25.30 and $41.32. The company reported strong fourth-quarter and full-year 2025 results, with consolidated net revenues increasing 6% year-over-year in Q4 2025, despite headwinds in Las Vegas. The BetMGM venture reported significant revenue growth and a substantial year-over-year turn to positive EBITDA in Q1 2025, and distributed $270 million in cash to its parent companies in Q4 2025. However, the Las Vegas segment experienced net revenue declines in each quarter of 2025, with a 3% year-over-year decline in Q4 2025, partly due to tourism disruptions and high pricing. The company has also been actively engaged in share repurchase programs, including a new $2 billion share repurchase plan authorized in April 2025.

Demand for MGM Resorts International's products and services exhibits seasonality, varying by geographic location and offering. In Macau, MGM China has reported sustained momentum and an absence of a traditional seasonal slowdown. In Las Vegas, 2025 saw a tourism slump with declining visitor numbers and hotel occupancy, partly attributed to high pricing. MGM is optimistic for 2026 in Las Vegas, anticipating benefits from a solid base of group and convention business and the completion of renovations at properties like MGM Grand. Events like CES and the Formula 1 Las Vegas Grand Prix are expected to boost demand.

MGM Resorts International is a multinational hospitality, sports, and entertainment company operating in the Consumer Cyclical sector, specifically within the Travel & Leisure industry, with a significant presence in Casino Hotels and Online Gambling Services. The company owns and operates casino resorts, offering gaming, luxury hotel accommodations, meetings and conference spaces, live entertainment, and dining and retail offerings. Key properties include Bellagio, MGM Grand, Mandalay Bay, and Park MGM. Through BetMGM and the acquisition of LeoVegas, MGM has established itself in the U.S. sports betting and iGaming markets, with a growing digital presence in Europe and South America.

MGM Resorts International has operations across the United States and internationally. In the U.S., the company operates resorts in major destinations like Las Vegas, as well as regional assets in Massachusetts, Michigan, Mississippi, Maryland, Ohio, and New Jersey. Internationally, MGM has a significant presence in Macao through MGM China, and its operations extend to Shanghai, Chengdu, Hangzhou, and Sanya. The company is also pursuing targeted expansion in Asia with an integrated resort development in Osaka, Japan.

MGM Resorts International maintains a strong brand reputation, recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. The company is also noted for its diversity and inclusion initiatives. However, in late 2025, the company received negative sentiment regarding its pricing strategy in Las Vegas, which led to frustration among tourists and a decline in visitor numbers and hotel occupancy. Additionally, there was social media pressure on MGM related to a venue/talent decision tied to external controversies, which posed a headline risk.

MGM Resorts International has a diverse ownership structure, with significant institutional and individual shareholders. Major institutional shareholders include Davis Selected Advisers, Vanguard Group Inc, BlackRock, Inc., Aqr Capital Management Llc, Arrowstreet Capital, Limited Partnership, State Street Corp, and Invesco Ltd. IAC, Inc. also holds a substantial stake. Among individual insider shareholders, Keith A. Meister is the largest, holding almost 5.69 million shares, representing 2.01% of the common stock as of March 14, 2025. Other key individual shareholders include Paul Salem and William J. Hornbuckle.