Welcome to our dedicated page for Mgm Resorts news (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on Mgm Resorts stock.
MGM Resorts International (MGM) is a global leader in gaming, hospitality, and entertainment, operating iconic destinations like Bellagio and MGM Grand. This page provides investors and industry professionals with a centralized source for official announcements, financial updates, and strategic developments.
Access real-time press releases covering earnings reports, property expansions, leadership changes, and partnerships. Stay informed about regulatory developments, sustainability initiatives, and innovations like BetMGM’s digital gaming platform. Our curated feed ensures you never miss critical updates affecting market performance.
Key content includes quarterly financial disclosures, merger/acquisition alerts, and operational milestones across MGM’s global resorts. Bookmark this page for streamlined tracking of corporate governance changes, dividend announcements, and consumer trend adaptations in the evolving leisure sector.
Silver Point Capital is leading the secured financing for Clairvest Group's acquisition of the operations of MGM Northfield Park (NYSE: MGM), serving as Lead Arranger and Administrative Agent on a $546 million facility. The racino is described as the largest gaming property by revenue in Ohio and features 74,000 sq ft of gaming space, ~1,600 video lottery terminals and a half-mile racetrack. Closing and funding are expected in the first half of 2026, pending customary regulatory and licensing approvals.
Silver Point manages $41 billion in assets and its Direct Lending business manages over $16 billion; Clairvest reports CAD $4.6 billion of capital under management.
VICI Properties (NYSE: VICI) agreed to a new lease and master-lease amendment tied to the sale of MGM Northfield Park operations to a Clairvest-managed affiliate.
The Northfield Park Lease sets initial annual base rent at $53.0M (or $54.0M if closing after May 1, 2026), begins a new 25-year term with three 10-year renewal options, carries 2.0% annual escalators (with CPI linkage capped at 3.0% beginning in 2032), and requires minimum capex equal to 1.0% of annual net revenue. The lease will be guaranteed by the Clairvest affiliate. VICI will reduce MGM Master Lease rent by the same amount. Transactions are expected in H1 2026, subject to closing conditions and regulatory approvals.
MGM Resorts (NYSE: MGM) agreed to sell operations of MGM Northfield Park to private equity funds managed by Clairvest for $546 million in cash, subject to customary adjustments, with closing expected in H1 2026 pending regulatory approvals.
The price implies an approximate 6.6x multiple on LTM Adjusted EBITDA and follows LTM Adjusted EBITDAR of $137 million through June 30, 2025. MGM expects ~$420 million net cash proceeds after taxes and transaction costs and a $54 million annual rent reduction under its VICI master lease at closing.
MGM Resorts (NYSE: MGM) announced on October 14, 2025 that subsidiary MGM Yonkers withdrew its commercial casino license application in New York.
Management cited changed competitive and economic assumptions that altered return expectations on a proposed $2.3 billion renovation and expansion of Empire City Casino, plus newly issued state guidance reducing the expected license term from 30 years to 15 years. MGM said Empire City has generated more than $5 billion for New York State education, including $1.6 billion since MGM bought the property in 2019, and that it will continue operating the property in its current format.
BetMGM (NYSE:MGM) reported Q3 2025 Net Revenue of $667M (+23% YoY) and EBITDA of $41M (improvement of $57M YoY). Year-to-date Net Revenue reached $2.016B. Management raised FY25 guidance to Net Revenue of at least $2.75B and EBITDA of approximately $200M, and expects to distribute at least $200M to parents before year-end while maintaining ~$100M unrestricted cash. Q3 growth was driven by iGaming (+21% YoY) and Online Sports (+36% YoY) with NGR margin +110 bps YoY.
BetMGM (NYSE: MGM) was named 2025 Online Casino of the Year by the American Gambling Awards, marking its fourth consecutive win. The company highlighted platform scale and engagement: more than 5,400 titles, exclusive IP and partnerships (Friends, The Wizard of Oz, The Price Is Right, Family Feud), and omnichannel rewards integration with MGM Rewards and Marriott Bonvoy.
Key performance metrics reported include deposits +37% year-over-year, average monthly actives +42%, NGR +25% year-over-year, a conversion improvement of 11.5 percentage points, and iGaming revenue +28% YoY in H1 2025. In August a New Jersey player won a $6.5M jackpot, cited as the largest in regulated U.S. iGaming at the time.
MGM (NYSE: MGM) will host the MGM Zone across Bellagio, ARIA, The Cosmopolitan and New York-New York during the Las Vegas Grand Prix weekend, November 20-22, 2025, with extended activations before and after those dates. The program includes branded fan zones from Mercedes, Williams Racing and MoneyGram Haas, driver and team appearances (including Esteban Ocon, Ollie Bearman, Ayao Komatsu and Daniel Ricciardo), fashion and art pop-ups, and a broad slate of food & beverage experiences and ticketed culinary events.
Key guest experiences run on specific dates: MoneyGram Haas activation opens Nov. 18-23 (24/7), Williams fan zone runs Nov. 17-22, and multiple Bellagio dining and beverage activations run Nov. 19-23. Several pop-ups and art installations span mid-November through year-end for Ferrari and other partners.
BetMGM will release a business update covering the period July 1–September 30, 2025 (3Q) on Tuesday, October 14, 2025. Management will host a conference call and Q&A on October 14, 2025 at 9:00 AM ET / 6:00 AM PT / 2:00 PM UK. Audio webcast access and details are available on the BetMGM and MGM Resorts investor relations websites.
BetMGM is jointly owned by MGM Resorts (NYSE: MGM) and Entain. Related upcoming dates include Entain's 3Q 2025 trading update on October 15, 2025 and MGM Resorts' 3Q 2025 earnings on October 29, 2025. Contact details for investor and media relations at BetMGM, MGM Resorts, and Entain are provided for follow-up.
MGM Resorts International (NYSE: MGM) has scheduled its third quarter 2025 financial results release for Wednesday, October 29, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results.
The conference call will be accessible via the company's investor relations website and by phone, with supplemental slides to be posted before the call. A replay will be available through November 5, 2025.
MGM Resorts, an S&P 500® company, operates 31 unique hotel and gaming destinations globally. The company's portfolio includes its BetMGM joint venture for sports betting in North America and LV Lion Holding Limited for European and Brazilian markets, with plans for expansion in Asia through a Japanese integrated resort development.
MGM Resorts International (NYSE: MGM) has announced two key executive appointments. Ayesha Molino will become Chief Operating Officer effective January 1, 2026, succeeding retiring COO Corey Sanders. Gary Fritz has been appointed Chief Commercial Officer and President of MGM Digital, effective immediately.
Molino, currently President and COO of ARIA and Vdara, has led these properties to record-breaking performance in EBITDAR, revenue, and customer satisfaction scores. Fritz, previously President of MGM Resorts International Interactive, has been crucial in expanding BetMGM's international presence and digital strategy.
These appointments align with MGM's strategy to accelerate its omni-channel approach and strengthen its digital gaming initiatives while maintaining operational excellence across its 31 global gaming and entertainment destinations.
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