MGM Resorts International (MGM)

MGM Resorts International's stock price increased by 23.96% from April 9, 2025, to April 8, 2026. In the past six months, the company has seen improving demand indicators in Las Vegas, following a year (2025) where revenue and earnings from its Strip properties experienced a decline. For 2026, MGM executives anticipate mid-single-digit revenue growth on the Strip, driven by leisure and group business, with group and convention bookings pacing ahead of the prior year. The stock price as of April 8, 2026, was $37.10 per share.

Demand for MGM Resorts International's products and services exhibits seasonality. Peaks in demand typically occur during holidays, major events, and conventions. Business travelers contribute to demand during off-peak seasons and through corporate events hosted at casino resorts, helping to stabilize occupancy rates and diversify revenue streams. Some industry observations suggest that mega-events in Las Vegas have helped to reduce the impact of traditional seasonality, leading to more consistent business throughout the year.

MGM Resorts International operates in the Consumer Cyclical sector, specifically in the Resorts & Casinos industry, integrating hospitality, gaming, and entertainment. The company's major products and services include gaming and casinos with iconic casinos such as the Bellagio, MGM Grand, and Mandalay Bay in Las Vegas, hospitality and accommodations with luxury hotels and resorts, entertainment and live events, food and beverage, and retail and other services.

MGM Resorts International has a significant global presence, with its headquarters in Las Vegas, Nevada, USA. Its operations are segmented into Las Vegas Strip Resorts, Regional Operations (U.S.), and MGM China. In the United States, the company operates numerous resorts on the Las Vegas Strip and regional U.S. properties. In China, MGM has a strong presence in Macau through MGM China. MGM Resorts is actively pursuing expansion in Asia, with a planned integrated resort development in Japan, MGM Osaka, which broke ground in April 2025 and is set to open in 2030.

MGM Resorts International maintains a strong brand reputation, recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. The company is known for its luxury resorts and high-quality experiences in the hospitality and gaming industry, with iconic brands like Bellagio, MGM Grand, and ARIA. No specific events negatively impacting its brand reputation in the past year were found in the provided search results.

MGM Resorts International is a publicly traded company primarily owned by its shareholders. As of December 2025, institutional investors held 66.6% of outstanding shares. Major institutional owners of MGM Resorts International include Davis Selected Advisers, Vanguard Group Inc., BlackRock, Inc., State Street Corp, Aqr Capital Management Llc, Arrowstreet Capital, Limited Partnership, Invesco Ltd., Corvex Management LP, Geode Capital Management, Llc, and Morgan Stanley. IAC (Barry Diller) is also a significant shareholder, holding approximately 19.5% of shares.