MGM Resorts International Stock | Forecast, Price Target & Outlook 2026

MGM Resorts Internat...

NYSE:MGM

$ 37,40

$-0,04 (-0,11%)

37,40 $

$-0,04 (-0,11%)

End-of-day quote: 12/12/2025

MGM Resorts International Stock Value

Analysts currently give NYSE:MGM a rating of Outperform.

Outperform

MGM Resorts International Company Info

EPS Growth 5Y

27,46%

Market Cap

$10,23 B

Long-Term Debt

$6,36 B

Short Interest

4,54%

Annual earnings

02/11/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

1986

Industry

Consumer Discretionary

Country

United States

ISIN Number

US5529531015

Website

http://www.mgmresorts.com

Analyst Price Target

$44,00

17.65%

Last Update: 12/13/2025

Analysts: 18

Highest Price Target $62,00

Average Price Target $44,00

Lowest Price Target $29,00

In the last five quarters, MGM Resorts International’s Price Target has fallen from $63,67 to $47,92 - a -24,74% decrease. Ten analysts predict that MGM Resorts International’s share price will increase in the coming year, reaching $44,00. This would represent an increase of 17,65%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does MGM Resorts International do?

MGM Resorts International (MGM Resorts), through its subsidiaries, operates as a global gaming and entertainment company. The company has domestic and international locations featuring hotels and casinos, meeting and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings, and sports betting and online gaming operations. The company operates several of the finest casino properties in the world. The compa...

MGM Resorts International (MGM Resorts), through its subsidiaries, operates as a global gaming and entertainment company.

The company has domestic and international locations featuring hotels and casinos, meeting and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings, and sports betting and online gaming operations.

The company operates several of the finest casino properties in the world.

The company operates domestic casino properties and, through its approximate 56% controlling interest in MGM China Holdings Limited (together with its subsidiaries, ‘MGM China’), which owns MGM Grand Paradise, S.A. (‘MGM Grand Paradise’), operates casino properties in Macau. Additionally, through the company’s 50% ownership interest in Osaka IR KK, an unconsolidated affiliate, it is developing an integrated resort in Osaka, Japan. The company also has global online gaming operations primarily through its consolidated subsidiary LV Lion Holding Limited (together with its subsidiaries, ‘LeoVegas’) and through its 50% ownership interest in BetMGM, LLC (‘BetMGM North America Venture’), an unconsolidated affiliate.

The company leases the real estate assets of its domestic properties pursuant to triple-net lease agreements.

As part of that business strategy, the company has sought and executed on opportunities to invest in the company’s growth areas, divest the company’s real estate assets, and acquire, or enter into venture transactions, with respect to online gaming and the operations of integrated casino, hotel, and entertainment properties.

The company’s primary casino and hotel operations are owned and managed by the company. The company also leases space to third-party retail and food and beverage operators, particularly for branding opportunities.

Segments

As of December 31, 2024, the company had four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital.

Las Vegas Strip Resorts and Regional Operations

Las Vegas Strip Resorts: Las Vegas Strip Resorts consists of the following casino resorts: Aria (including Vdara), Bellagio, The Cosmopolitan of Las Vegas (The Cosmopolitan) (upon its acquisition in May 2022), MGM Grand Las Vegas (including The Signature), Mandalay Bay (including W Las Vegas and Four Seasons), The Mirage (until its disposition in December 2022), Luxor, New York-New York (including The Park), Excalibur, and Park MGM (including NoMad Las Vegas).

Regional Operations: Regional Operations consists of the following casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi (until its disposition in February 2023); Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York; and MGM Northfield Park in Northfield Park, Ohio.

Over half of the net revenue from the company’s Las Vegas Strip Resorts is typically derived from non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities and the majority of the net revenue from the company’s Regional Operations is typically derived from gaming operations. The company’s long-term strategy continues to be to market to different customers and utilize the company’s significant convention and meeting facilities to allow the company to maximize hotel occupancy and customer volumes, which also leads to better labor utilization.

The company’s casino operations feature a variety of slots and table games. In addition, the company provides its premium players access to high-limit rooms and lounge experiences where players may enjoy an upscale atmosphere.

MGM China

The company owns approximately 56% of MGM China, which owns MGM Grand Paradise, the Macau company that owns and operates the MGM Macau and MGM Cotai casino resorts and holds the related gaming concession and land concessions. The company’s ownership interest in MGM China plays an important role in extending the company’s reach internationally and will foster future growth and profitability. Although visitation during 2022 was significantly reduced by the novel 2019 coronavirus (‘COVID-19’) pandemic, visitation during 2023 and 2024 rebounded, and the company expects the long-term future growth of the Asian gaming market to drive additional visitation at MGM Macau and MGM Cotai.

The company’s MGM China operations relate to MGM Macau and MGM Cotai. MGM China’s revenues are generated primarily from gaming operations, which are conducted under a gaming concession held by MGM Grand Paradise, a subsidiary of MGM China.

MGM Digital

MGM Digital is the company’s online gaming portfolio, which is primarily consisted of LeoVegas, which is headquartered in Sweden and Malta and operates internationally, primarily in Europe, as well as its other consolidated subsidiaries that offer interactive gaming. Revenues are derived from its online gaming product offerings, which include iGaming, digital slots and table games, as well as live dealer and online sports betting.

Corporate and Other

The company has additional business activities, including its investments in unconsolidated affiliates and certain other corporate and management operations. The company’s investments in unconsolidated affiliates are primarily consisted of its ventures, such as BetMGM North America Venture and Osaka IR KK.

Customers

Las Vegas Strip Resorts and Regional Operations

The company’s customers include premium gaming customers; leisure and wholesale travel customers; business travelers, and group customers, including conventions, trade associations, and small meetings. The company has a diverse portfolio of properties, which appeal to the upper end of each market segment and also cater to leisure and value-oriented tour and travel customers. Many of the company’s properties have significant convention and meeting space, which the company utilizes to drive business to its properties during midweek and off-peak periods.

MGM China

The Macau gaming market has two primary customer bases: main floor gaming operations and slot machine operations. The majority of MGM China’s casino revenue has been provided by main floor gaming operations in recent years and the company expects this customer base will be the primary source of growth in the future. The company offers amenities to attract players, such as premium gaming lounges and stadium-style electronic table games terminals, which include both table games and slots to create a dedicated exclusive gaming space for premium main floor players’ use, as well as non-gaming amenities, such as The Mansion and MGM Cotai Emerald Villa to attract ultra-high-end customers.

MGM Digital

The company’s digital customers are located within the geolocation of the jurisdictions in which it is licensed to operate. By operating in licensed markets, which are subject to costs in the form of gaming taxes, the company benefits from higher barriers to entry.

Marketing

The company’s marketing strategy is deeply rooted in personalized engagement powered by advanced analytics to create experiences that resonate with its current and desired guests. Personalized marketing serves as a critical driver of growth for the company, enabling it to deepen customer loyalty, increase engagement, and enhance lifetime value by aligning its offerings with each guest segment’s unique preferences and needs. Central to this approach is MGM Rewards, the company’s tiered loyalty program, which enables customers to earn benefits across gaming and non-gaming experiences. This program serves as a vital tool for capturing guest preferences and behaviors, allowing the company to personalize interactions, offers, and experiences that are meaningful to each guest. As members progress through program tiers, they unlock exclusive benefits, such as customized offers, priority access, and invitations to special events along with hotel stays, dining credits, and unique MGM Resorts experiences. At MGM China, the company offer the M life loyalty program, which provides loyalty opportunities similar to MGM Rewards for non-gaming customers, and the Golden Lion Club for gaming focused customers. By incentivizing customers within the company’s physical properties and with BetMGM North America Venture, it fosters loyalty and increase customer lifetime value.

In addition to the company’s loyalty programs, it leverages multiple marketing channels—including brand ambassadors, online, radio, television, print, and billboards in select U.S. and international cities. The company’s regional marketing offices and direct outreach channels via mail, email, and social media ensure consistent engagement. The company’s advanced data and analytics capabilities underpin its direct marketing, enabling it to segment customers based on preferences, behaviors, and their overall value to the organization. This segmentation allows the company to deliver the highest level of personalized experiences across guest tiers, ensuring the company’s product and program investments align with customer desires, drive incremental visits, and strengthen long-term relationships.

The company’s leverages paid media and various social channels to reach its desired guests with precision, using targeted segmentation to deliver personalized content that resonates with specific customer interests and preferences. This allows the company to engage high-value segments more effectively, amplifying brand loyalty and optimizing its marketing investments by connecting the right guests with the right offers and experiences.

Strategy

The key elements of the company’s strategy are to prioritize its customers by leveraging its collection of strong brands and insights from its leading customer loyalty program, MGM Rewards, to deliver exceptional entertainment experiences and revenue growth; innovate its gaming entertainment offerings to elevate quality and competitive edge; and pursue targeted, attractive ROI opportunities that align with our strategic vision.

The strategic plan is designed for ongoing review, measurement, and adjustment to seize emerging opportunities.

In allocating resources, the company’s financial strategy focuses on maintaining and enhancing existing properties, pursuing strategic growth through mergers, acquisitions and development.

The company regularly evaluates targeted opportunities in both domestic and international markets that provide attractive returns on investment. These include Owning, managing, and operating gaming and non-gaming facilities, as well as expanding into new markets for iGaming and online sports betting. Additionally, the company leverages its management expertise and the strong recognition of its brands through strategic partnerships and international expansion opportunities.

The company continues to enhance the efficiency of its operating model by optimizing its Centers of Excellence and achieving best-in-class operating performance through adjustments within corporate and business units. In addition, the company has and will continue to refine several improvement and cost cutting initiatives focused on labor, sourcing, and revenue generation. These efforts strengthen the company’s operating model and positions it as a more resilient company.

The company has continued to focus on its key growth opportunities, including developing an integrated resort in Japan, investing in BetMGM North America Venture, advancing international digital opportunities, and exploring a full-scale commercial gaming opportunity in New York. In Japan, Osaka IR KK signed an agreement with Osaka Prefecture and Osaka City in September 2023 to implement its government-certified Area Development Plan (ADP) for the development of an integrated resort in Osaka, Japan. Preliminary construction began on the site of the future resort in 2024.

The company’s BetMGM North America Venture is well-positioned as a long-term leader in online sports betting and iGaming. BetMGM North America Venture has launched Single App Single Wallet in Nevada allowing its customers who sign up while visiting one of its properties the ability to bring their digital wallet home, an important customer retention feature. BetMGM North America Venture has also increased its parlay product capabilities with the addition of Angstrom technology which the company expects to help drive further customer satisfaction, as well as increased hold for BetMGM North America Venture.

The company is growing its business internationally through MGM Digital by building on its core markets and identifying new opportunities for expansion and brand distribution, requiring limited capital. The company continues to evolve its technology platform, the backbone for its development.

In the United Arab Emirates (UAE), the company has a non-gaming management agreement with Wasl Hospitality to bring the Bellagio, Aria, and MGM Grand brands to Dubai. With the UAE’s establishment of the General Commercial Gaming Regulatory Authority, tasked with creating a regulatory framework for commercial gaming in the UAE, the company is encouraged by the potential opportunity for gaming expansion in Dubai. The company is continuously exploring new geographies for future development, including Thailand.

Responsible Gaming

The company has woven responsible gaming and gambling education into the fabric of the company’s world-class gaming experiences and premier guest service. The company train its employees to reinforce its commitment and approach to responsible gaming. The company offers a variety of resources throughout its properties, with the MGM Rewards Desk acting as the central hub for its responsible gaming program, GameSense. GameSense is an industry-leading, enterprise-wide program that aligns responsible gambling policies with enhanced guest service and education. It is designed to promote sustainable and enjoyable experiences, by helping guests and employees make informed gambling decisions.

Intellectual Property

The company’s principal intellectual property consists of trademarks for, among others, Aria, Vdara, Bellagio, The Cosmopolitan, Borgata, Mandalay Bay, MGM, MGM Grand, MGM Resorts International, Luxor, Excalibur, New York-New York, Park MGM, Beau Rivage, Empire City, LeoVegas, and BetMGM, all of which has been registered or allowed in various classes in the United States and foreign jurisdictions around the world, as applicable. In addition, the company has also registered or applied to register numerous other trademarks, such as The Mirage, in connection with its properties, facilities and development projects in the United States and in various other foreign jurisdictions. These trademarks are brand names under which the company market its properties and services.

Government Regulation and Licensing

The company’s businesses are subject to various federal, state, local and foreign laws and regulations affecting businesses in general. These laws and regulations include, but are not limited to, restrictions and conditions concerning alcoholic beverages, smoking, employees, currency transactions, taxation, zoning and building codes (including regulations under the Americans with Disabilities Act, which requires all public accommodations to meet certain federal requirements related to access and use by persons with disabilities), construction, land use and marketing and advertising.

In addition, the company is subject to certain federal, state and local environmental laws, regulations and ordinances, including the Clean Air Act; the Clean Water Act; the Resource Conservation Recovery Act; the Comprehensive Environmental Response, Compensation and Liability Act; and the Oil Pollution Act of 1990.

History

MGM Resorts International, a Delaware corporation, was incorporated in 1986.

MGM Resorts International Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Gambling: approx. 60% Hospitality (Hotels and Resorts): approx. 25% Entertainment and Events: approx. 10% Other (Retail, Gastronomy): approx. 5% TOP 3 Markets: Las Vegas, USA: approx. 50% Macau, China: approx. 30% Regional US Markets (e.g. Atlantic City): approx. 15% MGM Resor...

At which locations are the company’s products manufactured?

Production: No physical production MGM Resorts International is a leading company in the hospitality and gambling industry. It does not produce physical products, but offers services mainly in the areas of casino, hotel, and entertainment. The services are provided in its numerous resorts and casino...

What strategy does MGM Resorts International pursue for future growth?

Revenue Growth: Estimated 8-10% annually (2025-2027) Investments in Digital Platforms: $500 million (2024-2025) MGM Resorts International is pursuing a multi-pronged growth strategy targeting both physical and digital expansion. A key component of this strategy is increased investment in digital pla...

Which raw materials are imported and from which countries?

Main raw materials: Food, beverages, construction and furnishing materials Countries of origin: USA, Mexico, Canada, China, Italy MGM Resorts International imports a variety of raw materials and materials necessary for the operation of their hotels and casinos. This includes primarily food and bever...

How strong is the company’s competitive advantage?

Market share in Las Vegas: 30% (2024, estimate) EBITDA margin: 28% (2024) Diversification: High diversification through international resorts and online gaming MGM Resorts International has a significant competitive advantage, especially due to its large market share in Las Vegas, estimated at aroun...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: 65% (estimated for 2025 based on historical data) Insider Buys/Sells: No significant insider transactions in the last quarter (estimated for 2025) The institutional investor share at MGM Resorts International traditionally stands at around 65%, indicating a strong confi...

What percentage market share does MGM Resorts International have?

Market share of MGM Resorts International: 12% (2025, estimated) Top competitors and their market shares: Las Vegas Sands Corp.: 15% Caesars Entertainment: 14% Wynn Resorts: 11% Melco Resorts & Entertainment: 9% Galaxy Entertainment Group: 8% MGM Resorts International is one of the leading pla...

Is MGM Resorts International stock currently a good investment?

Revenue Growth: 8% (estimated 2024) EBITDA Margin: 28% (estimated 2024) Net Debt to EBITDA Ratio: 2.5x (estimated 2024) In recent years, MGM Resorts International has experienced solid revenue growth of around 8%, attributed to a strong recovery in the tourism and entertainment sector. The EBITDA...

Does MGM Resorts International pay a dividend – and how reliable is the payout?

Dividend yield: 2.5% (2025) Dividend history: Regular payouts since 2021 MGM Resorts International currently pays a dividend with a yield of about 2.5%. The payout has proven to be reliable since resuming in 2021 after being suspended during the pandemic. The company has improved its financial stabi...

MGM Resorts International Stock Value

MGM Resorts International Company Info

Analyst Price Target

Top growth stocks in the consumer discretionary sector (5Y.)

What does MGM Resorts International do?

MGM Resorts International Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal