MGM Resorts International (MGM)

MGM Resorts International's stock price has been impacted by several events in the past six months. The stock price declined by 21.67% between June 24, 2024, and June 23, 2025. In the first quarter of 2025, MGM Resorts reported strong results across its portfolio, achieving record first-quarter Las Vegas Strip occupancy and a 7% year-over-year increase in slot win. BetMGM reported significant revenue growth and turned to positive EBITDA in Q1 2025. MGM also repurchased 15 million shares in Q1 2025 for $494 million and authorized a new $2 billion share repurchase program. However, consolidated net revenues in Q1 2025 decreased by 2% compared to the prior year. The company's CEO noted that forward bookings remain solid, and April 2025 was on track to be a record hotel month for Las Vegas Strip operations. The loyalty partnership with Marriott International has also been a strong driver of performance.

MGM Resorts experiences seasonal fluctuations in demand for its products and services. Peak periods typically occur during holidays and special events. The company employs dynamic pricing strategies for hotel rooms, adjusting rates based on demand, seasonality, and events. This seasonality can lead to uneven revenue streams and operational challenges during off-peak periods. As a provider of luxury hospitality and entertainment services, MGM's revenue is also heavily reliant on consumers' discretionary spending, making it vulnerable to economic downturns or periods of financial uncertainty.

MGM Resorts International is a multinational hospitality, sports, and entertainment company operating primarily in the hospitality and entertainment industry. The company's core business involves the ownership and operation of casino resorts. Its major products and services include hotel accommodations, casino gaming, entertainment shows, live performances, concerts, sporting events, nightlife experiences, food and beverage offerings, and retail venues. MGM also has a significant presence in the online gaming market through its BetMGM venture and its subsidiary LV Lion Holding Limited, which operates in Europe.

MGM Resorts International has a substantial geographic footprint, with properties located across the United States and internationally. In the U.S., its operations are primarily concentrated in Las Vegas, Nevada, including iconic resorts like the Bellagio, MGM Grand, Mandalay Bay, and Park MGM. The company also operates resorts in various regional markets such as Massachusetts, Michigan, Mississippi, Maryland, and New Jersey. Internationally, MGM has a significant presence in Macau through MGM China. The company is also pursuing targeted expansion in Asia with an integrated resort development in Osaka, Japan, expected to open by 2030, and is exploring opportunities in the United Arab Emirates and New York.

MGM Resorts International has a strong brand reputation in the hospitality and entertainment industry, recognized globally for its high-quality experiences. The company was listed on FORTUNE's "World's Most Admired Companies" in 2021. MGM Resorts emphasizes its commitment to social impact and sustainability, striving to make a positive difference in the communities where it operates. The company's efforts in sustainability include various certifications for green building design and sustainable hotel operations. In the past year, events that have affected its reputation include its continued focus on providing exceptional customer service and adapting to changing market conditions. The company's strategic investments in new ventures and diversified business model have contributed to its continued success and brand strength.

MGM Resorts International's ownership is spread among a large number of shareholders. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Davis Selected Advisers, State Street Corp, and others. Top individual insider shareholders as of October 2023 included William Joseph Hornbuckle, Dorey Sanders, and John McManus. Tracinda Corp is noted as the largest individual shareholder, owning 259.52 million shares, representing 95.36% of the company. IAC, Inc. also holds a substantial stake.