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) 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.
Netflix has launched NETFLIX BITES Vegas at MGM Grand Hotel & Casino, a one-year culinary residency offering breakfast, lunch, and dinner inspired by popular Netflix shows and movies. The restaurant features dishes and drinks themed after hits like Bridgerton, Stranger Things, Squid Game, and ONE PIECE.
The opening was marked by a preview event attended by celebrities from various Netflix shows. The menu includes creative items like The Grand Line Showboat sushi platter, themed cocktails, and interactive dessert experiences. Operating hours are 7 AM to 2 PM for breakfast and lunch, and 5 PM to 10 PM for dinner (extended to 12 AM on weekends).
This venture follows the successful NETFLIX BITES Los Angeles pop-up and joins Netflix's portfolio of immersive fan experiences. Mastercard cardholders will receive special benefits including priority seating and exclusive experiences. Netflix has reached 7.5 Million fans across 170 openings in 100 cities with these experiences.
BetMGM has provided its Fiscal Year 2024 performance update, showing a Net Revenue of $2.1 billion, up 7% year-over-year. The company's iGaming segment achieved record revenue of $1.5 billion, growing 13% YoY, while Online Sports revenue increased 4% to $554 million.
Despite reporting an EBITDA loss of $244 million for FY2024, BetMGM expects to achieve positive EBITDA in 2025, with projected Net Revenue between $2.4-2.5 billion. The company maintained a 14% GGR market share in active markets, with iGaming at 22% and Online Sports at 8%.
Key operational highlights include a 14% increase in Average Monthly Actives, expansion into North Carolina and Washington D.C., and securing a $150 million revolving credit facility. The company reaffirmed its confidence in reaching $500 million EBITDA in the coming years, supported by scale, revenue growth, and operational leverage.
BetMGM has announced an exclusive multi-year partnership with Fremantle to secure online casino rights for iconic game shows 'The Price is Right' and 'Family Feud'. The collaboration will enable BetMGM to create customized slots, table games, and non-traditional casino games using these popular game show brands.
The partnership includes exclusive sponsorship integrations during select weeks of upcoming seasons for both shows. BetMGM's online casino platform currently features over 3,500 titles across North American markets and operates one of the largest state-by-state exclusive jackpot networks with more than 20 game titles.
The deal emphasizes responsible gaming through BetMGM's integration of GameSense, developed by the British Columbia Lottery , alongside existing responsible gambling tools to ensure safe digital experiences for customers.
BetMGM (NYSE: MGM) announced a multi-year exclusive online casino content partnership with Fremantle to license Family Feud and The Price is Right for slots, table games and non-traditional casino products. The deal enables bespoke content, in-game branding and integrated TV sponsorships, with select sponsorship integrations planned during upcoming seasons and additional partnership activations to be revealed throughout 2025. BetMGM noted its online casino hosts over 3,500 titles and a jackpot network of more than 20 game titles. Responsible gaming and GameSense integration remain highlighted priorities. The agreement was brokered by Erica Gadecki and Simon Murphy.
MGM Grand Hotel & Casino has announced a comprehensive $300 million remodel of all 4,212 rooms and suites in its main tower. The transformation, scheduled for completion in December 2025, will feature modern design elements inspired by the disco era.
The first phase of newly remodeled rooms will be available for reservation starting March 1, 2025. This renovation follows the completion of the 700-room Studio Tower remodel in 2022. The project, designed by Gensler in partnership with MGM Resorts Design & Development, aims to enhance the guest experience for both leisure and business travelers.
The remodeled rooms will complement new dining and entertainment experiences planned to open at MGM Grand later in 2025, positioning the property for upcoming developments on the south end of The Strip.
BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), has announced it will release its FY 2024 performance update on February 4, 2025, at 7:00 a.m. Eastern Time. The company will host an audio webcast at 9:00 a.m. Eastern Time on the same day.
Additionally, MGM Resorts International will release its Q4 and FY 2024 results on February 12, while Entain plc will announce its FY 2024 results on March 6.