Mgm Resorts Stock Price, News & Analysis
Company Description
MGM Resorts International (NYSE: MGM) is described as an S&P 500 global gaming and entertainment company with national and international locations featuring hotels and casinos. According to the company’s own disclosures, its destinations combine best-in-class lodging with casino gaming, meetings and conference spaces, live and theatrical entertainment, and a broad mix of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through a suite of Las Vegas-inspired brands and operates across multiple geographies and formats in the casino hotels and broader accommodation and food services sector.
Core business and portfolio
The company states that the MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. These destinations include properties on the Las Vegas Strip and other national and international locations. MGM Resorts also has non-gaming establishments within its broader portfolio, such as Shadow Creek Golf Course and T-Mobile Arena, which are referenced in connection with its responsible gaming training and entertainment activities.
In addition to its physical resorts and casinos, MGM Resorts participates in sports betting and online gaming. The company reports that its 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through brands including BetMGM and partypoker. It also notes that its subsidiary LV Lion Holding Limited offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and, in some disclosures, Brazil. In a separate description, MGM Resorts notes that its subsidiary LeoVegas AB provides sports betting and online gaming through brands in several European jurisdictions.
International operations and partnerships
MGM Resorts highlights a significant international presence. Through a majority-owned subsidiary, MGM China Holdings Limited, the company is associated with casino operations in Macao. A long-term branding agreement with MGM China, effective January 1, 2026, extends the right to use the “MGM” name through the current Macao concession term and provides for an automatic extension if a further concession is granted or awarded, subject to a specified outside date. The company characterizes the MGM brand as an important intangible asset for MGM China.
The company also discloses that it is pursuing targeted expansion in Asia through an integrated resort development opportunity in Japan. In multiple “About MGM Resorts International” sections, MGM Resorts refers to this integrated resort development in Japan as part of its strategy to expand its presence in Asia.
Beyond its own-branded resorts, MGM Resorts is involved in joint ventures and partnerships. T-Mobile Arena, a large sports and entertainment venue on the Las Vegas Strip, is described as a privately funded joint venture between AEG and MGM Resorts International. MGM Resorts also notes a long-term strategic licensing partnership with Marriott International that created MGM Collection with Marriott Bonvoy, under which certain MGM properties are associated with Marriott’s Autograph Collection and other brands.
Digital gaming and BetMGM
Digital gaming is a distinct part of MGM Resorts’ business. BetMGM is described as a market-leading sports betting and gambling entertainment company, born out of a partnership between MGM Resorts International and Entain Plc. BetMGM has exclusive access to MGM’s U.S. land-based and online sports betting, major tournament poker, and online gambling businesses. Using technology licensed from Entain, BetMGM offers sports betting and online gambling via brands such as BetMGM, Borgata Casino, Party Casino and Party Poker.
Within MGM Resorts, a dedicated leadership role for digital operations is referenced in an employment agreement for the Chief Commercial Officer and President, MGM Digital. That agreement includes incentive opportunities tied to achieving specified Adjusted EBITDA at BetMGM, LLC and to launching defined digital offerings on MGM properties, underscoring the importance of digital gaming and sports betting to the company’s broader strategy.
Financing, capital structure and credit facilities
MGM Resorts uses a mix of public debt offerings and bank credit facilities to finance its operations and growth. In a press release, the company announced the pricing of senior notes due 2029, with the stated intent to use net proceeds to repay indebtedness, including outstanding senior notes due 2025, pay transaction-related fees and expenses, and for general corporate purposes. The notes are described as general unsecured senior obligations of the company, guaranteed by substantially all of its wholly owned domestic subsidiaries that guarantee other senior indebtedness.
In an 8-K filing, MGM Resorts reports entering into a secured credit agreement that provides a term loan facility denominated in Japanese yen. The agreement includes covenants that limit, among other things, the company’s ability to incur additional indebtedness, merge with third parties, make restricted payments, create liens, dispose of assets, enter into certain affiliate transactions, and change the nature of its business. The credit agreement also includes a financial covenant and customary events of default. The term loan facility is guaranteed by existing direct and indirect wholly owned material domestic restricted subsidiaries, and, subject to gaming approvals, is secured by a pledge of equity in certain domestic operating properties.
Corporate governance and executive arrangements
Several 8-K filings outline executive employment agreements and amendments for senior leaders. These agreements typically define terms of employment, base salary, target bonus levels, eligibility for equity awards such as performance share units and restricted stock units, severance arrangements, and non-compete and confidentiality obligations. Examples include agreements with the Chief Financial Officer and Treasurer, and with the Chief Commercial Officer and President, MGM Digital. An amendment to the employment agreement for the Chief Operating Officer extends the term of that role and then transitions the executive into a senior advisor position to the Chief Executive Officer and President.
These filings illustrate how MGM Resorts structures compensation and incentives for executives, including the use of deferred restricted stock units and performance-based equity tied to financial metrics and strategic initiatives.
Responsible gaming and compliance culture
MGM Resorts emphasizes responsible gaming as a core element of its brand. The company reports that it has certified more than 2,000 employees as GameSense Advisors across more than 20 properties nationwide, including non-gaming establishments. GameSense is described as a responsible gaming program developed and licensed to MGM Resorts and BetMGM by the British Columbia Lottery Corporation. The program focuses on positive, transparent and proactive interactions with guests about how to gamble responsibly.
GameSense Advisors receive research-based training to promote responsible play, address problem gambling concerns, identify at-risk behaviors, and provide support and local resources. MGM Resorts notes that GameSense has also been adopted by BetMGM and is integrated across BetMGM’s mobile and desktop platforms as well as MGM Resorts properties. The company further supports industry-wide initiatives such as the American Gaming Association’s Play Smart from the Start and Have A Game Plan public-service campaigns.
Entertainment, venues and hospitality experiences
Entertainment and hospitality are central to MGM Resorts’ identity. The company’s properties feature live and theatrical entertainment experiences, as well as extensive restaurant, nightlife and retail offerings. MGM Resorts is associated with T-Mobile Arena, a 20,000-seat venue on the Las Vegas Strip that hosts headline entertainment, sports events and other large-scale gatherings. T-Mobile Arena is described as home to the Vegas Golden Knights and as UFC’s exclusive Las Vegas arena destination.
MGM Resorts’ properties also host high-profile dining concepts. For example, ARIA Resort & Casino, which is operated by MGM Resorts, is highlighted as a premier dining destination that includes Gymkhana, a two Michelin-starred London restaurant’s first U.S. location. ARIA is described as offering world-class dining, premium meeting and convention spaces, notable architecture, sustainable design, and a public fine art collection.
Sustainability and community engagement
MGM Resorts describes its environmental and social approach under the philosophy “Focused on What Matters: Embracing Humanity and Protecting the Planet”, or “Focused on What Matters” in some disclosures. Through this philosophy, the company states that it commits to creating a more sustainable future while striving to make a bigger difference in the lives of its employees, guests and the communities where it operates.
The company notes that its global employees are proud of MGM Resorts being recognized as one of FORTUNE Magazine’s World’s Most Admired Companies. This recognition is cited across multiple corporate descriptions and is presented as an external acknowledgment of its reputation in the global entertainment and gaming industry.
Investor information and regulatory reporting
MGM Resorts International’s common stock trades on the New York Stock Exchange under the symbol “MGM”. As a public company, it files periodic reports, current reports and other documents with the U.S. Securities and Exchange Commission. Recent 8-K filings referenced in the available information include disclosures on quarterly financial results, executive employment arrangements, amendments to existing agreements, and the entry into a material credit agreement.
In addition to SEC filings, MGM Resorts issues press releases to announce financing transactions, responsible gaming milestones, branding agreements and property developments. These communications often include a standard “About MGM Resorts International” section summarizing the company’s business model, portfolio, digital ventures, expansion efforts and sustainability philosophy.
Position within the casino hotels sector
Within the casino hotels industry, MGM Resorts presents itself as a global entertainment company combining gaming, hospitality, live entertainment and digital wagering. Its mix of Las Vegas Strip resorts, regional and international properties, joint ventures such as T-Mobile Arena, and digital platforms like BetMGM and LV Lion Holding Limited reflects a multi-channel approach to gaming and entertainment. The company’s emphasis on responsible gaming, sustainability, and branded experiences is highlighted repeatedly in its own descriptions and public filings.
Stock Performance
Mgm Resorts (MGM) stock last traded at $36.86, up 2.83% from the previous close. Over the past 12 months, the stock has gained 13.7%, ranking #823 in 52-week price change. At a market capitalization of $9.2B, MGM is classified as a mid-cap stock with approximately 255.8M shares outstanding.
Latest News
Mgm Resorts has 10 recent news articles, with the latest published today. Of the recent coverage, 5 articles coincided with positive price movement and 4 with negative movement. Key topics include earnings, earnings date. View all MGM news →
SEC Filings
Mgm Resorts has filed 5 recent SEC filings, including 4 Form 4, 1 Form 144. The most recent filing was submitted on March 9, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all MGM SEC filings →
Insider Radar
Insider selling at Mgm Resorts over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.
Financial Highlights
Mgm Resorts generated $17.5B in revenue over the trailing twelve months, retaining a 43.5% gross margin, operating income reached $1.0B (5.7% operating margin), and net income was $205.9M, reflecting a 1.2% net profit margin. Diluted earnings per share stood at $0.76. The company generated $2.5B in operating cash flow. With a current ratio of 1.23, the company maintains adequate short-term liquidity.
Upcoming Events
2026 College Basketball Crown
The Court of Legends event
Cavinder skills showdown
Alinea residency
Tailgate Beach Club opening
Fall sweepstakes for 4Runner
DRINK Las Vegas festival
CEO contract expiration
Empire City completion
Mgm Resorts has 12 upcoming scheduled events. The next event, "2026 College Basketball Crown", is scheduled for April 1, 2026 (in 14 days). Investors can track these dates to stay informed about potential catalysts that may affect the MGM stock price.
Short Interest History
Short interest in Mgm Resorts (MGM) currently stands at 25.6 million shares, down 0.6% from the previous reporting period, representing 13.7% of the float. Over the past 12 months, short interest has increased by 51.8%. This moderate level of short interest indicates notable bearish positioning. The 6.6 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Mgm Resorts (MGM) currently stands at 6.6 days, up 36% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has increased 120.5% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 2.7 to 7.4 days.
MGM Company Profile & Sector Positioning
Mgm Resorts (MGM) operates in the Resorts & Casinos industry within the broader Hotels & Motels sector and is listed on the NYSE. In monthly performance, the stock ranks #215 among all tracked companies.
Investors comparing MGM often look at related companies in the same sector, including Boyd Gaming Corp (BYD), Red Rock Resorts Inc (RRR), Vail Resorts (MTN), Caesars Entertainment Inc (CZR), and Melco Resorts And Entmnt Ltd (MLCO). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate MGM's relative position within its industry.