Welcome to our dedicated page for MGM RESORTS INTERNATIONAL news (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on MGM RESORTS INTERNATIONAL stock.
MGM Resorts International reports developments across its integrated resort, casino, digital gaming, and hospitality operations. Recurring updates cover Las Vegas Strip Resorts, Regional Operations, MGM China in Macau, MGM Digital, and the BetMGM North America venture for sports betting and iGaming. News also includes quarterly operating results, guest-experience investments at MGM MACAU and MGM COTAI, brand partnerships, and capital-allocation actions.
Company announcements also document portfolio changes such as the completed sale of MGM Northfield Park operations and related lease amendments tied to the company’s regional casino footprint.
BetMGM (OTC:GMVHY) has announced a major upgrade to its mobile sports betting app ahead of the football season, introducing several innovative features designed to enhance user experience. The revamped app offers faster navigation, an improved parlay builder, and live same-game parlays for professional football.
Key enhancements include a redesigned rewards dashboard, advanced betting insights powered by GTG Network, and real-time bet tracking on Apple devices. The app now features a dark theme and seamless integration with BetMGM Rewards Points system. The company maintains its commitment to responsible gaming through GameSense integration and various responsible gambling tools.
MGM Resorts International (NYSE: MGM) has announced that London's acclaimed Two Michelin-starred restaurant Gymkhana will open its first U.S. location at ARIA Resort & Casino in Las Vegas this fall. The restaurant, founded by the Sethi siblings of JKS Restaurants, will bring sophisticated Indian cuisine featuring tandoor-grilled specialties, regional curries, biryanis, and chaat-style sharing plates.
The Las Vegas location will feature Gymkhana's signature dishes alongside exclusive new offerings and Indian-inspired cocktails. This expansion marks a significant addition to ARIA's culinary portfolio and represents JKS Restaurants' entry into the Las Vegas market, following their planned opening of Ambassadors Clubhouse in New York City.
MGM China (OTC:MCHVY) reported strong Q2 2025 financial results, achieving record-high quarterly performance. The company posted net revenue of HK$8.7 billion (up from HK$8.0 billion in Q2 2024) and adjusted EBITDA of HK$2.5 billion with a 29.0% margin. Their market share increased to 16.6% from 16.0% year-over-year.
The company saw significant growth with daily GGR increasing 12% year-over-year to MOP111.2 million. Property visitation grew by 12% year-over-year, reaching 175% of 2019 pre-COVID levels. The Group maintained strong liquidity of HK$22.5 billion and achieved 94.5% average occupancy. Notable developments include the completion of Alpha Villas at MGM MACAU and the success of their residency show "Macau 2049."
[ "Record high quarterly adjusted EBITDA, up 6.1% quarter-over-quarter", "Market share increased to 16.6% from 16.0% year-over-year", "Net revenue grew to HK$8.7 billion, up 8.4% quarter-over-quarter", "Daily GGR increased 12% year-over-year to MOP111.2 million", "Property visitation grew 12% year-over-year, reaching 175% of 2019 levels", "Strong liquidity position of HK$22.5 billion", "High average occupancy rate of 94.5%" ]MGM Resorts (NYSE:MGM) reported record second quarter 2025 results, with consolidated net revenues reaching $4.4 billion, up 2% year-over-year. Net income was $49 million ($0.18 per share), down from $187 million in 2Q24, primarily due to foreign currency losses.
Key highlights include record Regional Operations revenues, all-time record MGM China Segment Adjusted EBITDAR with 16.6% market share, and strong BetMGM performance. The company continued its aggressive share repurchase program, buying back 8 million shares for $217 million in Q2, having reduced shares outstanding by 45% since early 2021.
Las Vegas Strip operations saw a 4% revenue decline to $2.1 billion, while Regional Operations revenue grew 4% to $965 million. MGM China revenue increased 9% to $1.1 billion. The company remains on track to implement over $150 million in EBITDA enhancements within the year.
MGM Resorts (NYSE: MGM) has announced an impressive lineup of celebrity chefs for its exclusive Bellagio Fountain Club during the 2025 Formula 1 Heineken Las Vegas Grand Prix, scheduled for November 20-22. New culinary stars Tom Colicchio, Antonia Lofaso, and Brooke Williamson will join returning favorites including José Andres, David Chang, and Wolfgang Puck.
The VIP experience will feature these renowned chefs personally preparing signature dishes for guests, offering front-row views of the race alongside the iconic Bellagio Fountains. The exclusive venue will also include electric nightlife experiences, specialty wines, and signature cocktails curated by award-winning mixologists and sommeliers.
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.