MGM Resorts International (MGM)

MGM Resorts International's stock price has experienced fluctuations, showing an 8.85% rise in the last month but a 17.33% decrease over the last year. A cyberattack in September 2023 disrupted MGM's operations, leading to an estimated $100 million in losses and multiple class-action lawsuits. MGM Resorts International released its First Quarter 2025 financial and operating results on April 30, 2025, and is scheduled to release its Second Quarter 2025 financial results on July 30, 2025. BetMGM upgraded its FY 2025 guidance in June 2025 and is projected to reach a revenue floor of at least $2.6 billion for fiscal year 2025, with an expected profit in 2025. Derek Jeter joined BetMGM as a brand ambassador in July 2025, a new dining experience at Bellagio was launched in July 2025, MGM Yonkers submitted a commercial casino license application in New York in June 2025, and enhanced benefits for the MGM Rewards program were introduced in March 2025. The company has seen a notable influx of investments from major institutional firms in recent months.

MGM Resorts International experiences seasonal fluctuations in demand for its products and services, with peak periods typically occurring during holidays and special events. The company employs dynamic pricing strategies for hotel rooms, adjusting rates based on demand, seasonality, and events to optimize revenue. Major events, such as "The Big Game" in Las Vegas, serve as significant drivers of visitation and revenue.

MGM Resorts International operates in the Consumer Discretionary sector, specifically within the Hotels, Casinos, and Resorts industry, owning and operating casino resorts with a diverse array of amenities. Its core business involves casino operations, hotel accommodations, food and beverage services, live performances, and shopping venues. MGM has expanded into online gaming through BetMGM and LeoVegas.

MGM Resorts International operates properties across the United States and internationally. In the U.S., its resorts are primarily concentrated in Las Vegas, with properties such as the Bellagio, Mandalay Bay, MGM Grand, Park MGM, and The Cosmopolitan of Las Vegas, and also has a presence in other U.S. states. Internationally, MGM Resorts has a significant presence in Macau, China, through MGM China, and operates in Shanghai, Chengdu, Hangzhou, and Sanya through its joint venture, Diaoyutai MGM Hospitality. MGM Resorts is actively pursuing targeted expansion in new markets, with resort projects in the pipeline for New York, Japan (Osaka), and the United Arab Emirates.

MGM Resorts International's brand reputation has been significantly impacted by a major cybersecurity incident, while also demonstrating efforts to enhance customer experience and expand its reach through strategic partnerships. The cyberattack in September 2023 disrupted its operations, leading to "critical brand damage" and negative sentiment among customers. MGM committed an additional $50 million investment in cybersecurity measures to mitigate future threats. The launch of the 'MGM Collection with Marriott Bonvoy' in March 2024 is a significant collaboration designed to expand MGM's reach and enhance loyalty benefits. MGM Resorts was recognized as one of FORTUNE® Magazine's "World's Most Admired Companies®" in 2021.

MGM Resorts International has a diverse ownership structure, with a significant portion held by institutional investors including Vanguard Group Inc., Davis Selected Advisers, BlackRock, Inc., State Street Corp, Invesco Ltd., Corvex Management LP, and IAC, Inc. As of October 2023, top individual insider shareholders included William Hornbuckle, Dorey Sanders, and John McManus.