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 (NYSE: MGM) is an S&P 500 global gaming and entertainment company whose news flow spans casino operations, hospitality, digital gaming and corporate finance. News releases from MGM Resorts and its affiliates highlight developments across its portfolio of 31 hotel and gaming destinations, as well as its sports betting and online gaming ventures.
Investors and followers of MGM news can expect regular updates on financing and capital markets activity, such as public offerings of senior notes and new secured credit agreements disclosed via press releases and 8-K filings. These items provide insight into how the company manages its balance sheet, refinances existing indebtedness and funds long-term projects, including international initiatives.
MGM Resorts news also covers corporate governance and leadership, including executive employment agreements, amendments, and transitions for senior officers. Such announcements, often filed on Form 8-K, outline compensation structures, equity incentives, and changes in responsibilities for key executives involved in finance, operations and digital strategy.
From an operational standpoint, MGM-related news features property and brand developments, including rebranding of hotel concepts, new restaurant openings at resorts like ARIA, and branding agreements with MGM China. These stories illustrate how the company refreshes its offerings on the Las Vegas Strip and other locations, and how it leverages the MGM brand in international markets.
Another recurring theme is responsible gaming and digital wagering. Releases describe milestones in the GameSense responsible gaming program, BetMGM’s responsible gambling campaigns, and partnerships that extend BetMGM-branded retail and online sportsbooks through agreements with other casino operators. Together, these updates provide a view into MGM Resorts’ approach to combining entertainment, gaming and player protection.
For those tracking MGM (MGM) news, this page aggregates company press releases, affiliate announcements and regulatory disclosures, offering a centralized view of developments affecting its resorts, digital platforms and capital structure.
MGM Resorts International (NYSE: MGM) has extended CEO & President Bill Hornbuckle's employment agreement through December 31, 2028. The new contract includes a subsequent advisory role focused on the Osaka, Japan integrated resort project. Under Hornbuckle's leadership, MGM has successfully navigated the COVID-19 pandemic while expanding through digital ventures, strategic M&A, and international market entry.
As CEO, Hornbuckle manages MGM's overall strategy, operations, and development projects, including digital gaming initiatives. He serves on MGM Resorts' Board of Directors, co-chairs MGM China Holdings' Board, and chairs the U.S. Travel Association. The company is currently pursuing expansion opportunities in New York, Japan, Brazil, and the Middle East.
MGM Resorts reported mixed Q1 2025 financial results with consolidated net revenues of $4.3 billion, down 2% year-over-year. The company achieved record Las Vegas Strip occupancy and slot win, with slot revenue up 7%. Net income was $149 million ($0.51 per share), compared to $217 million ($0.67 per share) in Q1 2024.
Key highlights include:
- BetMGM venture turned EBITDA positive
- Las Vegas Strip revenue decreased 3% to $2.2 billion
- Regional Operations revenue declined 1% to $900 million
- MGM China revenue dropped 3% to $1.0 billion
- MGM Rewards program reached 50 million members
The company repurchased 15 million shares for $494 million in Q1, reducing shares outstanding by 43% since 2021. The Board authorized a new $2 billion share repurchase program. Forward bookings remain solid, with April projected to be a record hotel month for Las Vegas Strip operations.
BetMGM reported strong Q1 2025 performance with total Net Revenue of $657 million, up 34% year-over-year. The company achieved significant growth across both iGaming (+27% to $443M) and Online Sports (+68% to $194M).
Key highlights include:
- First quarter EBITDA of $22 million, marking a $154M improvement YoY
- Handle increased 29% YoY to $4.1 billion
- Average Monthly Actives grew 6% YoY to 1.07 million users
- NGR margin improved by 110 basis points YoY
The company maintains market leadership in iGaming with 22% market share and holds an 8% share in Online Sports. BetMGM reaffirmed its FY 2025 guidance of $2.4-2.5 billion in Net Revenue and expects to achieve positive EBITDA for the full year.
BetMGM, the joint venture between MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), has scheduled its Q1 2025 business update for Monday, April 28, 2025. The company will release the update covering January 1 - March 31, 2025, at 7:00 AM ET.
A conference call with Q&A session will follow at 9:00 AM ET, with access details to be provided on MGM Resorts' investor website. The announcement comes ahead of both parent companies' quarterly results, with Entain reporting on April 29 and MGM Resorts following on April 30, 2025.
MGM Resorts International (NYSE: MGM) has announced the return of the Bellagio Fountain Club for the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2025, scheduled for November 20-22. Following two consecutive sellouts, the premium race-watching experience now offers tickets starting at $7,750 for a three-night package.
The exclusive venue features prime views of the track's longest straightaway and the iconic Bellagio Fountains, along with the Las Vegas Grand Prix Winner's Stage. The experience includes private indoor and rooftop hospitality decks, racing simulators, and nightlife activations. A key highlight is the culinary program featuring rotating world-renowned chefs preparing signature dishes throughout the race weekend.
Past participating chefs have included José Andrés, Mario Carbone, David Chang, Masaharu Morimoto, and Jean-Georges Vongerichten. The 2025 culinary lineup will be announced in the coming months.
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.