Welcome to our dedicated page for Mgm Resorts SEC filings (Ticker: MGM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MGM Resorts International filings document operating results, governance actions, financing arrangements, and material agreements for an integrated resort and gaming company. Form 8-K reports furnish quarterly and annual results for Las Vegas Strip Resorts, Regional Operations, MGM China, MGM Digital, and BetMGM-related activity, while material-event reports record asset-sale effects, lease amendments, and credit facilities.
Proxy and annual-meeting filings cover board elections, auditor ratification, advisory compensation votes, executive compensation, and stockholder voting outcomes. Other filings address voting agreements with significant stockholders, employment and equity-compensation arrangements, debt covenants, restricted-payment limits, leverage covenants, and capital-structure disclosures.
MGM Resorts International reported an insider equity transaction by one of its directors. On 12/31/2025, the director acquired 1,096.1907 Deferred Stock Units (DSUs) under the company’s Deferred Compensation Plan for Non-Employee Directors at a reference price of $36.49 per unit. Each DSU is the economic equivalent of one share of MGM common stock and becomes payable when the director’s board service ends. Following this transaction, the director beneficially owned a total of 61,885.7073 DSUs, all held directly.
MGM Resorts International director reports deferred stock units and share holdings
A director of MGM Resorts International reported holdings of 1,702,500 shares of common stock held directly as of a transaction dated 12/31/2025. In addition, the director acquired 2,671.9649 deferred stock units (DSUs) under the company’s Deferred Compensation Plan for Non-Employee Directors at a reference price of $36.49 per unit. Each DSU is economically equivalent to one share of MGM common stock and becomes payable upon the director’s termination of board service. Following this transaction, the director beneficially owned 115,567.5193 DSUs directly.
MGM Resorts International reported an insider stock purchase by a reporting person identified as a director. On 12/05/2025, the insider bought 1,098,748 shares of common stock in an open market transaction coded "P" at a weighted average price of about $36.30 per share. The filing notes that these shares were acquired through multiple trades at prices ranging from $35.99 to $36.81. After this transaction, the insider directly beneficially owned 65,822,350 shares of MGM common stock.
IAC Inc. filed Amendment No. 5 to its Schedule 13D on MGM Resorts International, reporting a higher ownership stake. IAC now beneficially owns about 65,822,350 shares of MGM common stock, representing approximately 24.07% of the outstanding shares, based on 273,506,440 shares outstanding as of October 27, 2025. The increase reflects both MGM’s share repurchases and IAC’s recent buying activity.
On December 5, IAC purchased 1,098,748 MGM shares in open market transactions using cash on hand for a total of about $40,011,018, including brokerage commissions. IAC states that, apart from these December 2025 trades, it made no other MGM share transactions in the prior 60 days. The filing confirms IAC as a major strategic shareholder and updates its ownership and recent trading history.
MGM Resorts International officer Michael B. Evans, President, Interactive, reported equity transactions involving company stock. On 12/01/2025, 15,005 restricted stock units were converted into an equal number of common shares at an exercise price of $0, reflecting previously granted equity that vested.
On the same date, 5,992 common shares were disposed of at $35.44 per share, typically reflecting share withholding to cover tax obligations associated with the RSU vesting. After these transactions, Evans directly beneficially owned 130,648 shares of MGM Resorts International common stock, aligning his compensation further with shareholder value.
Davis Selected Advisers filed Amendment No. 4 to Schedule 13G reporting its beneficial ownership in MGM Resorts International.
The filing states beneficial ownership of 23,953,452 shares of MGM common stock, representing 9.6% of the class as of the event date. Davis reports 23,224,456 shares with sole voting power and 23,953,452 shares with sole dispositive power.
The certification affirms the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The event date is September 30, 2025.
MGM Resorts International reported Q3 2025 results with net revenue of $4.25 billion, up 2% year over year, but posted an operating loss of $113 million driven by a $256 million goodwill impairment tied to Empire City and $93 million in write‑downs within property transactions. Net loss attributable to MGM was $285 million (loss per share $1.05) versus earnings of $0.61 a year ago.
MGM China grew revenue 17% and MGM Digital rose 23%, offset by a 7% decline at Las Vegas Strip Resorts. Operating cash flow for the nine months was strong at $1.87 billion, supporting $711 million of share repurchases (about 22 million shares). Cash and cash equivalents were $2.13 billion and long‑term debt, net, was $6.16 billion, with the $2.3 billion revolver undrawn.
Strategically, MGM agreed in October 2025 to sell the operations of MGM Northfield Park for $546 million in cash, with an expected $53 million reduction in annual cash rent upon closing, subject to regulatory approvals. Shares outstanding were 273,506,440 as of October 27, 2025.
MGM Resorts International reported Q3 2025 results with net revenue of $4.25 billion, up 2% year over year, but posted an operating loss of $113 million driven by a $256 million goodwill impairment tied to Empire City and $93 million in write‑downs within property transactions. Net loss attributable to MGM was $285 million (loss per share $1.05) versus earnings of $0.61 a year ago.
MGM China grew revenue 17% and MGM Digital rose 23%, offset by a 7% decline at Las Vegas Strip Resorts. Operating cash flow for the nine months was strong at $1.87 billion, supporting $711 million of share repurchases (about 22 million shares). Cash and cash equivalents were $2.13 billion and long‑term debt, net, was $6.16 billion, with the $2.3 billion revolver undrawn.
Strategically, MGM agreed in October 2025 to sell the operations of MGM Northfield Park for $546 million in cash, with an expected $53 million reduction in annual cash rent upon closing, subject to regulatory approvals. Shares outstanding were 273,506,440 as of October 27, 2025.
MGM Resorts International entered a secured credit agreement for a JPY45.2 billion term loan facility, with an option to increase up to JPY67.8 billion. The facility bears interest at TIBOR plus 1.75% until the covenant certificate for the quarter ending March 31, 2026 is submitted, and thereafter at a grid of 1.50%–2.25% based on a rent adjusted total net leverage ratio. Final maturity is in October 2030, with a springing maturity to February 9, 2029 if the Company’s existing secured revolver is not extended or refinanced as specified.
The loan is guaranteed by wholly-owned material domestic restricted subsidiaries and, subject to gaming approvals, is secured by a pledge of equity in certain domestic operating properties. The agreement includes customary covenants and events of default, as well as a financial covenant that may limit additional debt. MGM also issued a press release on October 29, 2025 announcing results for the quarter ended September 30, 2025.
MGM Resorts International entered a secured credit agreement for a JPY45.2 billion term loan facility, with an option to increase up to JPY67.8 billion. The facility bears interest at TIBOR plus 1.75% until the covenant certificate for the quarter ending March 31, 2026 is submitted, and thereafter at a grid of 1.50%–2.25% based on a rent adjusted total net leverage ratio. Final maturity is in October 2030, with a springing maturity to February 9, 2029 if the Company’s existing secured revolver is not extended or refinanced as specified.
The loan is guaranteed by wholly-owned material domestic restricted subsidiaries and, subject to gaming approvals, is secured by a pledge of equity in certain domestic operating properties. The agreement includes customary covenants and events of default, as well as a financial covenant that may limit additional debt. MGM also issued a press release on October 29, 2025 announcing results for the quarter ended September 30, 2025.
Reporting person: Corey Ian Sanders, Chief Operating Officer, filed a Form 4 reporting equity activity in MGM Resorts International (MGM). The form discloses a grant of 55,278 restricted stock units (RSUs) on 10/06/2025 that vest in three equal annual installments beginning on the first anniversary and convert to common shares when vested. The filing also shows acquisition of 12,165 common shares on 10/07/2025 (code M) at no cash price and a sale of 4,787 common shares on 10/07/2025 at $33.12 per share. Following these transactions, Mr. Sanders directly beneficially owns 58,398 common shares and indirectly owns 281,530 shares through a CIS Trust, for a combined reported holding of 339,928 shares.
MGM Resorts International (MGM) reported insider transactions by Todd Meinert, SVP & Chief Accounting Officer. The filing shows grants and vesting of restricted stock units (RSUs) and a small open-market sale. On 10/06/2025 Mr. Meinert was granted 5,639 RSUs that vest annually in three equal installments beginning on the first anniversary; each RSU converts to one share on vesting. On 10/07/2025 there was a deemed issuance of 1,379 shares (code M) and a sale of 336 shares at $33.12, leaving 25,369 shares beneficially owned after the reported transactions. The RSU grants carry a $0 purchase price and standard multi-year vesting, aligning executive compensation with long-term equity performance.