Mgm Resorts Stock Price, News & Analysis

BetMGM (OTC:GMVHY) and Marriott Bonvoy have announced an exclusive fantasy football draft weekend sweepstakes in Las Vegas. The winner and 11 friends will enjoy a draft party hosted by former All-Pro quarterback Matt Ryan at the BetMGM Sportsbook at ARIA Resort & Casino.

The prize package includes a three-night stay at The Cosmopolitan of Las Vegas, round-trip flights, dinner at Mayfair Supper Club, and a $6,000 MGM Resorts credit. The sweepstakes runs from July 9-30, 2025, requiring participants to link their BetMGM and Marriott Bonvoy accounts.

This promotion builds on the companies' 2024 rewards collaboration, which allows players to earn and exchange BetMGM Rewards points for Marriott Bonvoy points, up to 500,000 points annually.

MGM Resorts' (NYSE:MGM) Bellagio Resort & Casino is partnering with Major Food Group to launch CARBONE Riviera, a luxury seafood-focused restaurant, in Fall 2025. The new venue will occupy the former Picasso space overlooking the iconic Fountains of Bellagio.

The restaurant will feature a grand seafood display with daily-flown delicacies, including whole fish preparations, Chef Mario Carbone's Spicy Lobster Meatballs, and signature dishes like Spicy Rigatoni Vodka. The experience will be enhanced by a unique Riva mini yacht service - one of only 18 produced "Anniversario" collection vessels - offering guests exclusive Fountains of Bellagio views.

Designed by Martin Brudnizki, CARBONE Riviera represents an evolution of the CARBONE brand, combining theatrical service with refined dining in what aims to become "the greatest seafood restaurant in the United States."

BetMGM (OTC:GMVHY) and TAPPP have announced the launch of BetMGM gift cards across 2,500 retail locations in Ontario, Canada, marking the first sportsbook-branded gift card in the Canadian market. The program enables players to fund their iGaming and sportsbook accounts through secure PIN redemption, with a $250 weekly deposit limit for prepaid cards in Canada.

The expansion follows BetMGM's successful U.S. gift card program, which launched in September 2021 and has achieved a 99% redemption rate across 15 states. The initiative builds on BetMGM's position as a top-tier operator in Ontario's sports betting and iGaming market, while maintaining focus on responsible gaming through its GameSense integration.

MGM Resorts (NYSE: MGM) has submitted a commercial casino license application to transform its Empire City Casino in Yonkers, New York, with a $2.3 billion investment plan. The proposal includes renovating gaming areas, adding a BetMGM Sportsbook, and constructing a 5,000-capacity entertainment venue.

The development, targeted for completion by mid-2029, features three new restaurants, a parking garage with solar arrays, and EV charging stations. Since 2006, Empire City Casino has generated over $5 billion for New York State education, with $1.6 billion contributed since MGM's 2019 acquisition. If approved, the project will create thousands of jobs and distribute 20% of tax revenue among local governments.

MGM Resorts International (NYSE: MGM) has scheduled its second quarter 2025 financial results release for Wednesday, July 30, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results and conduct a Q&A session.

Investors can access the call via the company's website or by phone, with supplemental slides to be posted on MGM's Investor Relations website. A replay will be available through August 6, 2025. MGM Resorts operates 31 hotel and gaming destinations globally, with ventures in sports betting and online gaming through BetMGM and is pursuing expansion in Asia.

BetMGM, a leading North American sports betting and iGaming operator, has upgraded its FY 2025 guidance following strong performance. The company now expects FY 2025 Net Revenue of at least $2.6 billion, up from previous guidance of $2.4-2.5 billion, and EBITDA of at least $100 million, improved from previous guidance of just being EBITDA positive. The upgrade is supported by continued positive momentum in Q2 2025, with trading consistent with the +34% YoY Net Revenue growth seen in Q1 2025. BetMGM maintains strong growth across both iGaming and Online Sports segments, with Online Sports expected to be contribution positive for FY 2025. The company remains confident in its future growth prospects and pathway to achieving $500 million EBITDA in the coming years.

iHeartMedia has announced the star-studded lineup for its 2025 iHeartRadio Music Festival, scheduled for September 19-20 at T-Mobile Arena in Las Vegas. The festival, presented by Capital One, will feature performances by major artists including Ed Sheeran, Mariah Carey, Maroon 5, Lil Wayne, and Tim McGraw. Ryan Seacrest will host the two-day event, which will be broadcast live on iHeartMedia radio stations across 150+ markets. Hulu will serve as the Official Streaming Destination, offering exclusive livestreams to subscribers. Capital One cardholders get priority presale access from June 11-13, with special Access Pass options for exclusive pre-show parties. General public tickets will be available on AXS.com starting June 13.

BetMGM has announced exclusive partnerships with the Las Vegas Aces and the WNBA through the 2027 season, marking its first major collaboration with a women's professional sports franchise. The partnership includes prominent signage at Michelob ULTRA Arena, VIP experiences, and BetMGM becoming an authorized gaming partner of the WNBA.

Key highlights include the launch of the first-ever WNBA-branded online slot game and the "BetMGM Steals for Meals" program, which will donate $50 to The Just One Project for every Aces home steal. BetMGM reported significant growth in WNBA betting, with a 133% year-over-year increase during the 2024 season. The company will offer expanded betting options, including player props and Commissioner's Cup odds.

Century Casinos (CNTY) has announced a significant partnership with BetMGM to introduce sports betting in Missouri through its Century Casino & Hotel Cape Girardeau subsidiary. The long-term agreement enables BetMGM to operate both online and mobile sports betting platforms under Century's license. The deal includes revenue sharing with a guaranteed minimum for Century and potential retail sportsbook options at Century's discretion. The partnership's implementation is subject to obtaining necessary gaming licenses and regulatory approvals.