MGM Resorts International (MGM)

In the past six months, MGM Resorts International's stock has been influenced by several events. In Q1 2025, MGM reported strong results with record Las Vegas Strip occupancy and slot win, and BetMGM showed significant revenue growth and a positive EBITDA. During Q1 2025, MGM repurchased nearly 15 million shares for $494 million, and its Board of Directors authorized a new $2 billion stock repurchase plan. Analysts have provided varying price targets for MGM. As of October 2, 2025, the share price was $34.75, representing a decline of 12.40% from October 3, 2024. Institutional investors have made significant adjustments to their holdings. The stock experienced a negative market trend in September 2025, with a price loss of -12.80%, but is expected to reject this trend in October. As of October 5, 2025, the overall moving average trend for MGM Resorts International leans bearish.

The demand for MGM Resorts International's products and services is influenced by seasonality. Las Vegas Strip resorts often experience a softer summer season due to weaker convention business and general summer seasonality, but anticipate a rebound in the fall and continued growth into 2026. January is typically a busy month for Las Vegas casinos, with May and December also active, while April and June tend to be slower. Major holidays like New Year's can significantly boost revenue. The casino industry generally sees an increase in visitors during holiday seasons. Weather conditions also play a role, with adverse weather potentially decreasing foot traffic, while pleasant weather can encourage visits. The tourism application segment is the largest in the casino resort market, driven by global travel demand and holiday season peaks.

MGM Resorts International is a global hospitality, sports, and entertainment company operating in the Consumer Discretionary sector, specifically the Resorts & Casinos industry. The company manages hotels and casinos, offering gaming, accommodations, convention spaces, entertainment, dining, and retail. Notable brands include Bellagio, Mandalay Bay, MGM Grand, Park MGM, The Cosmopolitan of Las Vegas, Aria, Luxor, and Excalibur. It also has a presence in online gaming and sports betting through BetMGM in North America and LV Lion Holding Limited in Europe.

MGM Resorts International has operations across the United States, China, and is expanding in Japan. In the U.S., it is the largest resort operator on the Las Vegas Strip and operates resorts in states including Massachusetts, Michigan, Mississippi, Maryland, Ohio, and New Jersey. Internationally, MGM China operates MGM Cotai and MGM Macau in Macau, and it has joint ventures in China like Diaoyutai MGM Hospitality. The company is also pursuing an integrated resort development in Japan.

In the past year, MGM Resorts International has maintained a strong brand reputation through various initiatives and recognitions. The company was recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. MGM Resorts and BetMGM have actively participated in industry events like the Global Gaming Expo (G2E), spotlighting business development, cybersecurity, responsible gaming initiatives, and innovations in sports betting and iGaming. The company has also focused on sustainable business practices, hosting discussions on the business and environmental impacts of food waste. MGM Resorts continued its Hispanic Heritage Month celebration with cultural events. Community involvement is evident through initiatives like the MGM Resorts Community Grant Fund, which distributed over $3 million to charities in 2024. The company expanded its partnership with Playtech in August 2025, launching the Family Feud live game show from the MGM Grand in Las Vegas. Also in August 2025, MGM and BetMGM partnered with the American Gaming Association to advance Responsible Gaming Education with GameSense messaging in NFL stadiums. In June 2025, MGM Yonkers Inc submitted a casino license application to transform the Empire City Casino site into a commercial casino and entertainment destination. MGM Resorts also unveiled a new Riva mini-yacht, Fortuna, at Bellagio in October 2025, offering unique guest experiences.

Institutional investors hold a significant portion of MGM Resorts International's shares, approximately 60.8% to 71.04%. Major institutional owners include Davis Selected Advisers, Vanguard Group Inc, BlackRock, Inc., Helikon Investments Ltd, State Street Corp, Invesco Ltd., and Corvex Management LP. IAC, Inc. holds 22.67% of the company. Top individual insider shareholders include William Joseph Hornbuckle, Dorey Sanders, and John McManus. Tracinda Corp is the largest individual shareholder, owning 259.52 million shares, representing 95.35% of the company.