Mgm Resorts Stock Price, News & Analysis

BetMGM (GMVHY) reported strong growth in Q2/1H 2025, with Q2 Net Revenue up 36% YoY to $692 million and EBITDA of $86 million (up $78 million YoY). The company's 1H 2025 performance showed Net Revenue of $1.35 billion (+35% YoY) and EBITDA of $109 million (up $232 million YoY).

The growth was driven by strong performance in both segments: iGaming revenue grew 29% to $449 million in Q2, while Online Sports revenue increased 56% to $228 million. The company maintained a 14% GGR market share with iGaming at 22% and Online Sports at 8%.

Based on strong performance, BetMGM increased FY2025 guidance to Net Revenue of at least $2.7 billion and EBITDA of at least $150 million, expressing confidence in reaching $500 million EBITDA in coming years.

T-Mobile Arena, the 20,000-seat venue on the Las Vegas Strip co-owned by MGM Resorts (NYSE:MGM), has launched a new dedicated venue app developed by Everi. The app, built on Everi's BeOn™ Venue Platform, offers enhanced features including digital ticketing integration with AXS, event scheduling, interactive venue mapping, and marketing capabilities.

The app aims to improve fan experience for various events including Vegas Golden Knights games, UFC matches, concerts, and award shows. This collaboration expands Everi's presence in sports and entertainment, building upon their existing relationship with MGM Resorts International and following their acquisition of Venuetize assets in 2023.

BetMGM (GMVHY), the sports betting and iGaming joint venture between MGM Resorts (NYSE: MGM) and Entain plc (LSE: ENT), has scheduled its Q2 2025 business update for July 29, 2025.

Management will host a conference call with Q&A at 9:00 AM ET / 6:00 AM PT. The audio webcast details will be available on MGM Resorts' investor relations website. The announcement also notes upcoming earnings releases for MGM Resorts (July 30) and Entain (August 12).

FOX Sports and AEG have announced the official dates for the 2026 College Basketball Crown tournament, scheduled for April 1-5 in Las Vegas. The tournament, which will air on FOX and FS1, features a refined eight-team format including top teams from the Big Ten, Big 12, and BIG EAST conferences that don't make the NCAA Tournament, plus two wild card teams.

The tournament will be hosted at MGM Grand Garden Arena for quarterfinals (April 1-2) and T-Mobile Arena for semifinals (April 4) and championship (April 5). Key partners including Vivid Seats, GHOST, JSX, Circa Resort & Casino, and MGM Resorts International are continuing their support for the 2026 event.

BetMGM (OTC:GMVHY) has announced a multi-year partnership with baseball legend Derek Jeter as its newest brand ambassador. The five-time World Series champion and Hall of Famer will be featured in national marketing campaigns, including the upcoming "Legendary Plays" spot premiering July 15, 2025.

Jeter joins BetMGM's roster of sports legends alongside Barry Sanders, Tim Howard, and Wayne Gretzky. The partnership includes the launch of an exclusive Jeter-themed slot game, marking the first online casino game featuring a current or former professional baseball player. Additionally, Jeter will promote BetMGM's responsible gambling initiatives in the United States and Canada, participate in VIP events, and be featured across digital platforms.

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.