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MGM 
MGM Resorts International (MGM)
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Upturn Advisory Summary
01/09/2026: MGM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
21 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $42.56
1 Year Target Price $42.56
| 14 | Strong Buy |
| 3 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -52.87% | Avg. Invested days 24 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.61B USD | Price to earnings Ratio 175.75 | 1Y Target Price 42.56 |
Price to earnings Ratio 175.75 | 1Y Target Price 42.56 | ||
Volume (30-day avg) 21 | Beta 1.46 | 52 Weeks Range 25.30 - 41.32 | Updated Date 01/9/2026 |
52 Weeks Range 25.30 - 41.32 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.2 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.4% | Operating Margin (TTM) 5.16% |
Management Effectiveness
Return on Assets (TTM) 2.03% | Return on Equity (TTM) 10.29% |
Valuation
Trailing PE 175.75 | Forward PE 14.68 | Enterprise Value 38350080732 | Price to Sales(TTM) 0.56 |
Enterprise Value 38350080732 | Price to Sales(TTM) 0.56 | ||
Enterprise Value to Revenue 2.22 | Enterprise Value to EBITDA 21.81 | Shares Outstanding 273506440 | Shares Floating 204268285 |
Shares Outstanding 273506440 | Shares Floating 204268285 | ||
Percent Insiders 25.27 | Percent Institutions 69.78 |
Upturn AI SWOT
MGM Resorts International
Company Overview
History and Background
MGM Resorts International (NYSE: MGM) was founded in 1986 as MGM Grand, Inc. It has a rich history in the casino and hospitality industry, evolving through mergers, acquisitions, and development of iconic properties on the Las Vegas Strip and globally. Significant milestones include the initial public offering, the acquisition of Mirage Resorts in 2000, and the significant expansion and redevelopment of its Las Vegas portfolio. In 2005, it was acquired by a consortium led by Kirk Kerkorian and taken private, then re-listed in 2006. The company has since continued to grow and diversify its offerings.
Core Business Areas
- Casino Resorts and Hospitality: Operates a portfolio of integrated casino resorts, offering a comprehensive range of gaming, lodging, entertainment, dining, and retail experiences. This includes iconic properties on the Las Vegas Strip and other key markets.
- BetMGM: A leading sports betting and iGaming operator in the United States, a joint venture with Entain Holdings. It offers online sports betting and casino gaming.
- Real Estate and Development: Manages its substantial real estate assets, including development of new properties and potential sale of non-core assets.
Leadership and Structure
MGM Resorts International is led by a Board of Directors and an executive management team. Key roles include the Chief Executive Officer, Chief Financial Officer, and heads of various operational segments. The company operates a matrixed organizational structure, with functional leadership overseeing specific aspects of the business across its diverse property portfolio and digital ventures.
Top Products and Market Share
Key Offerings
- Integrated Casino Resorts: MGM Resorts operates some of the most recognizable casino resorts globally, particularly on the Las Vegas Strip. These properties offer a wide array of gaming, world-class hotels, Michelin-starred restaurants, live entertainment, and luxury retail. Competitors include Caesars Entertainment, Wynn Resorts, and Las Vegas Sands.
- BetMGM (Online Sports Betting & iGaming): BetMGM is a significant player in the rapidly growing US online sports betting and iGaming market. As of late 2023/early 2024, it holds a substantial market share, often ranking among the top 3-5 operators in key states. Competitors include DraftKings, FanDuel (part of Flutter Entertainment), and Caesars Sportsbook.
Market Dynamics
Industry Overview
The casino and hospitality industry, particularly in Las Vegas, has recovered significantly post-pandemic, driven by leisure travel and entertainment demand. The online sports betting and iGaming sector is experiencing explosive growth, fueled by state-by-state legalization and increasing consumer adoption. However, the industry remains sensitive to economic downturns, consumer spending habits, and regulatory changes.
Positioning
MGM Resorts is a leading operator of integrated resort destinations, particularly dominant on the Las Vegas Strip. Its strategic investment in BetMGM positions it strongly in the high-growth online gaming sector. Its brand recognition, extensive property portfolio, and loyalty program (MGM Rewards) are significant competitive advantages.
Total Addressable Market (TAM)
The TAM for the casino and hospitality industry is in the hundreds of billions of dollars globally, encompassing gaming, lodging, F&B, and entertainment. The US online sports betting and iGaming market is projected to reach tens of billions of dollars annually in the coming years. MGM Resorts, with its strong physical presence and its BetMGM joint venture, is well-positioned to capture a significant portion of this TAM, both in traditional and digital segments.
Upturn SWOT Analysis
Strengths
- Dominant presence on the Las Vegas Strip with iconic properties.
- Strong brand recognition and customer loyalty program (MGM Rewards).
- Strategic joint venture with Entain for BetMGM, a leading iGaming operator.
- Diversified revenue streams from gaming, hospitality, entertainment, and retail.
- Significant real estate holdings.
Weaknesses
- High fixed costs associated with maintaining large physical properties.
- Dependence on discretionary consumer spending, making it vulnerable to economic downturns.
- Significant debt load.
- Exposure to regulatory changes in gaming and online betting.
Opportunities
- Continued growth in the US online sports betting and iGaming market.
- Expansion of BetMGM into new states and product offerings.
- Development of new entertainment and experiential offerings at its resorts.
- Potential for sale of non-core real estate assets to reduce debt.
- Leveraging data analytics from MGM Rewards for personalized customer experiences.
Threats
- Intensifying competition in both physical and online gaming.
- Economic recession impacting consumer discretionary spending.
- Unfavorable regulatory changes or increased taxation.
- Geopolitical events or health crises impacting travel and tourism.
- Cybersecurity risks for online operations.
Competitors and Market Share
Key Competitors
- Caesars Entertainment (CZR)
- Wynn Resorts (WYNN)
- Las Vegas Sands (LVS)
- Penn Entertainment (PENN)
- Flutter Entertainment (FLUT - FanDuel owner)
- DraftKings (DKNG)
Competitive Landscape
MGM Resorts benefits from its prime locations on the Las Vegas Strip and a robust loyalty program. Its BetMGM joint venture provides a strong foothold in the competitive iGaming market. However, it faces intense competition from established casino operators and agile online betting platforms. The company's ability to innovate in customer experience and digital offerings will be crucial for sustained advantage.
Major Acquisitions
The Cosmopolitan of Las Vegas
- Year: 2022
- Acquisition Price (USD millions): 1625
- Strategic Rationale: Acquisition of a premier Las Vegas Strip property to enhance its portfolio, attract a broad customer base, and increase market share. It also diversifies its gaming and hospitality offerings on the Strip.
Growth Trajectory and Initiatives
Historical Growth: MGM Resorts has demonstrated a strong ability to grow through strategic acquisitions, property development, and diversification into online gaming. The post-pandemic recovery has been a significant growth driver. Its investment in BetMGM has been a key part of its recent growth strategy.
Future Projections: Analyst projections generally anticipate continued revenue growth, driven by the ongoing strength of the Las Vegas market and the expansion of its online gaming segment. Profitability is expected to improve as the company leverages its scale and manages costs effectively. Growth will likely be tied to both physical resort performance and digital segment expansion.
Recent Initiatives: Recent initiatives include the continued development and enhancement of its Las Vegas properties, strategic investments in BetMGM, and a focus on optimizing its real estate portfolio. The company is also exploring opportunities for international expansion and new market entries for its digital offerings.
Summary
MGM Resorts International is a formidable player in the integrated casino resort and hospitality sector, boasting iconic Las Vegas properties and a strong presence in the burgeoning online gaming market via BetMGM. Its market positioning is robust due to brand recognition and a well-established loyalty program. While enjoying significant revenue recovery and growth opportunities, the company must navigate high operating costs, substantial debt, and intense competition. Continued investment in digital expansion and customer experience innovation is key to its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- MGM Resorts International Investor Relations
- Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
- Market Data Providers (e.g., Refinitiv, FactSet)
- Industry Analysis Reports
Disclaimers:
This analysis is based on publicly available information and market data as of early 2024. Financial figures and market share data are subject to change and should be verified with the latest official reports. This is not financial advice, and investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MGM Resorts International
Exchange NYSE | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 1990-01-12 | President, CEO & Director Mr. William Joseph Hornbuckle IV | ||
Sector Consumer Cyclical | Industry Resorts & Casinos | Full time employees 60000 | Website https://www.mgmresorts.com |
Full time employees 60000 | Website https://www.mgmresorts.com | ||
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. The company operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. It operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. The company's casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
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