Mgm Resorts Stock Price, News & Analysis

MGM Resorts International (NYSE: MGM) has scheduled its first quarter 2025 financial results release for Wednesday, April 30, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time, featuring a discussion of results and a Q&A session.

The call will be accessible via their investor relations website or by phone, with supplemental slides available before the call. A replay will be available through May 7, 2025.

MGM Resorts, an S&P 500® global gaming and entertainment company, operates 31 hotel and gaming destinations globally. The company's portfolio includes BetMGM, a 50/50 venture offering sports betting and online gaming in North America, and LV Lion Holding , which provides similar services in Europe. MGM is also pursuing expansion in Asia through an integrated resort development in Japan.

MGM Resorts (NYSE: MGM) has announced significant enhancements to its MGM Rewards loyalty program, introducing new benefits and partnerships. The program now features expanded Marriott Bonvoy tier matching, with Pearl members receiving Silver Elite status and Gold members enjoying Gold Elite status.

Key improvements include enhanced Royal Caribbean and Celebrity Cruises benefits, with Platinum and NOIR members receiving access to upgraded stateroom types and expanded cruise options. The program introduces Milestone Rewards with rollover tier credits up to 25,000 into 2026, plus tier celebration credits ranging from $100 to $500 and air travel credits up to $1,200.

Additional features include a new eGift Card system redeemable across MGM's 20 destinations for retail, dining, spa services, and hotel stays. The company also announced plans for a new credit card launch that will allow members to earn points and tier credits faster.

MGM Resorts International (NYSE: MGM) has appointed Dame Donna Langley, Chairman of NBCUniversal Entertainment & Studios, to its Board of Directors as the 13th member. Langley, who leads greenlight decisions across NBCUniversal with oversight of entertainment programming and marketing across Peacock, Bravo, and NBC, will bring her entertainment expertise to MGM Resorts.

Paul Salem, Chair of the MGM Resorts board, highlighted Langley's valuable entertainment background in content strategy, programming, distribution, and marketing. CEO Bill Hornbuckle emphasized her role in developing proprietary sports and entertainment content for guests.

Langley has received numerous recognitions, including being named in TIME Magazine's '100 Most Influential People' and Fortune Magazine's '100 Most Powerful Women in Business' in 2024. She was also awarded a Dame Commander title by the British Crown in 2020.

MGM Resorts International (NYSE: MGM) has announced its participation in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum scheduled for Thursday, March 13, 2025. The company's management presentation is set for 4:50 p.m. ET, with a live webcast available on the MGM Investor Relations website.

MGM Resorts, an S&P 500® company, operates 31 hotel and gaming destinations globally. The company maintains a 50/50 venture, BetMGM, , offering sports betting and online gaming in North America, while its subsidiary LV Lion Holding provides similar services in Europe. The company is also pursuing expansion in Asia through a Japanese integrated resort development.

BetMGM, a leading sports betting and iGaming operator, has launched its first online casino commercial featuring brand ambassador Jamie Foxx. The 30-second spot titled 'Vegas Lights' debuts March 4, 2025, showcasing the connection between BetMGM's online platform and MGM Resorts International's physical locations.

The commercial follows Foxx visiting several MGM Resorts destinations in Las Vegas, including Bellagio, ARIA Resort & Casino, and MGM Grand. It highlights how players can earn in-person rewards like show tickets and resort accommodations through online play. The spot was created by Highdive agency and will air in BetMGM Casino's operating markets: Michigan, New Jersey, Pennsylvania, West Virginia, and Ontario.

BetMGM emphasizes its commitment to responsible gaming through the GameSense program, integrated within its mobile and desktop platforms, complementing existing responsible gambling tools.

MGM Resorts International (NYSE: MGM) and BetMGM have announced significant expansions in their responsible gambling initiatives, coinciding with Problem Gambling Awareness Month in March 2025. The companies have launched several key partnerships:

- A $180,000 donation to Kindbridge Research Institute for sports betting impact studies
- Nationwide expansion of BetMGM's Kindbridge Behavioral Health referral program
- Enhanced GameSense messaging deployment across digital platforms and retail sportsbooks
- Educational collaboration with UNLV Gaming Law students

Additional commitments include a $60,000 contribution to State Councils on Problem Gambling, renewed partnership with EPIC Global Solutions, and continued support of the AGA's Have A Game Plan® Bet Responsibly™ campaign. These initiatives demonstrate MGM's comprehensive approach to promoting responsible gaming and providing support services for affected individuals.

MGM Resorts International (NYSE: MGM) has been announced as an Official Partner of the new College Basketball Crown tournament. The event, launched by FOX Sports and AEG, will feature 16 elite teams from conferences including the Big Ten, Big 12, and BIG EAST, taking place from March 31 to April 6, 2025, in Las Vegas.

The tournament will be hosted at T-Mobile Arena and MGM Grand Garden Arena, with participating teams accommodated across MGM's Las Vegas properties including ARIA Resort & Casino, Park MGM, and Vdara Hotel & Spa. The games will be broadcast on FOX and FS1.

As part of the partnership, MGM Resorts will collaborate with Vivid Seats and JSX to offer exclusive travel-and-ticket packages. The company will receive prominent visibility through courtside signage, video board features, custom digital content, and national media exposure on FOX Sports channels.

MGM China reported strong financial results for 2024, with record-high performance metrics. The company's net revenue grew 27% to HK$31.4 billion, reaching 138% of 2019 levels. Adjusted EBITDA hit a historic high of HK$9.1 billion, up 25% year-over-year and 147% of 2019 figures.

The company's market share reached an all-time high of 15.8% in 2024, up from 15.2% in 2023 and 9.5% in 2019. Property visitation increased 54% year-over-year, reaching 163% of 2019 levels, while daily GGR grew 29% to 129% of 2019. Mass GGR including slots rose 33% to 179% of pre-COVID levels.

The Group maintained strong liquidity of HK$17.2 billion and achieved 94% hotel occupancy. Notable initiatives included the opening of Poly MGM Museum and the launch of the residency show 'Macau 2049' in collaboration with filmmaker Zhang Yimou.

MGM Resorts reported record full-year consolidated net revenues of $17.2 billion, up 7% from the previous year. MGM China achieved record Segment Adjusted EBITDAR of $1.1 billion, a 25% increase. The company repurchased over 33 million shares in 2024 for $1.4 billion, reducing shares outstanding by more than 40% since 2021.

Fourth quarter results showed consolidated net revenues of $4.3 billion, down 1% year-over-year, with net income of $157 million compared to $313 million in the prior year quarter. Las Vegas Strip Resorts revenue decreased 6% to $2.2 billion, while Regional Operations increased 7% to $932 million.

BetMGM is expected to be profitable in 2025, with MGM Digital showing 15% revenue growth in Q4. The company reported strong demand in early 2025, with December marking their highest convention booking month on record.