MGM Resorts International (MGM)

MGM Resorts International's stock has experienced fluctuations in the past six months. As of May 8, 2026, the stock price was $38.79, representing increases over the past 30 days and 12 months. The stock reached a 52-week high of $40.94 on April 27, 2026, and a 52-week low of $29.19 on October 30, 2025. The first-quarter 2026 investor update revealed growth in digital businesses but margin headwinds in traditional resort operations, with the company missing EPS expectations but exceeding revenue projections. In February 2026, MGM reported its fourth-quarter and full-year 2025 results, highlighting increases in consolidated net revenues and Consolidated Adjusted EBITDA, despite headwinds in Las Vegas. The company also repurchased shares in 4Q25 and 2025.

Demand for MGM Resorts International's products and services can exhibit seasonality. Convention and group business is crucial for filling rooms during weekdays, contributing to higher occupancy and room rates. MGM executives noted improving demand indicators in Las Vegas for 2026, with group and convention bookings pacing ahead. The company's focus on a balanced mix of gaming and non-gaming revenues provides resilience against the cyclical nature of consumer spending.

MGM Resorts International operates in the hospitality, sports, and entertainment sector, focusing on casino hotels and online gambling services. The company operates world-class casinos with various gaming options. It owns and operates luxury hotels and resorts, offering accommodations, dining, and convention spaces with brands like Bellagio and MGM Grand. MGM hosts concerts, theatrical productions, and sporting events. It provides a wide array of dining options. Through BetMGM, it offers U.S. sports betting and online gaming in North America, and through LV Lion Holding Limited, it offers sports betting and online gaming in several European jurisdictions.

MGM Resorts International has a significant global presence with 31 hotel and gaming destinations. These include Las Vegas Strip Resorts with properties like Bellagio and MGM Grand. It has Regional U.S. Operations in states such as Massachusetts and Michigan and is advancing its MGM Empire City project in Yonkers, New York. MGM China operates MGM Macau and MGM Cotai. The company is pursuing an integrated resort development in Osaka, Japan, set to open in 2030, and is looking to secure a casino license in the United Arab Emirates for a property in Dubai set to open in 2028.

MGM Resorts International maintains a strong brand reputation, recognized as one of FORTUNE® Magazine's "World's Most Admired Companies." MGM has focused on enhancing guest experiences through renovations and new offerings, such as the Bellagio's Spa Tower renovation and new guestrooms at the MGM Grand. Dynamic food and beverage venues and a strategic partnership with Marriott International through the MGM Collection with Marriott Bonvoy have also contributed to its brand appeal.

MGM Resorts International's ownership is largely institutional, with 72.35% held by institutional shareholders including Davis Selected Advisers and Vanguard Group Inc. IAC, Inc. is a significant strategic shareholder, holding 26.12% of the company. Individual investors hold a smaller percentage, around 1.3%.