Stock Information
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MGMMGM Resorts International

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Company Info

CEO

William J. Hornbuckle

Location

Nevada, USA

Exchange

NYSE

Website

https://mgmresorts.com

Summary

MGM Resorts International owns and operates casino, hotel, and entertainment resorts in the United States and Macau.

Company Info

CEO

William J. Hornbuckle

Location

Nevada, USA

Exchange

NYSE

Website

https://mgmresorts.com

Summary

MGM Resorts International owns and operates casino, hotel, and entertainment resorts in the United States and Macau.

AI Insights for MGM
2 min read

Quick Summary

MGM Resorts International is a leading global hospitality and entertainment company, primarily known for operating luxury casino resorts, hotels, and entertainment complexes. Its core operations are based in Las Vegas, but the company also has a significant presence in Macau and other regional U.S. markets. MGM caters to tourists, business travelers, convention guests, and online bettors, offering a comprehensive suite of services ranging from gaming and hospitality to live entertainment and sports betting. The company manages a diverse portfolio of 29 properties, including iconic destinations on the Las Vegas Strip. MGM has also expanded into digital gaming, leveraging technology to reach a wider audience and drive new revenue streams.

The Bull Case

  • MGM Resorts has a strong and recognizable brand, especially in global gaming and hospitality.
  • The company's dominance on the Las Vegas Strip along with its diversified international portfolio provide resilience and income stability.
  • MGM’s focus on digital transformation, with robust online betting and iGaming platforms, positions it to capture new growth from shifting consumer preferences.
  • The company’s non-gaming revenue streams, such as conventions, entertainment, and food & beverage, further diversify income beyond casino gaming.
  • Recent financial actions, like successful share buybacks and improvements in liquidity, demonstrate prudent management and ongoing stakeholder confidence.

The Bear Case

  • MGM Resorts currently faces weaknesses in the form of significant debt loads, which are higher than most rivals in the sector.
  • Las Vegas operations experienced a persistent decline in revenue due to property renovations, weak midweek and international demand, and fierce local competition.
  • Digital operations, while growing, have produced operating losses, putting pressure on overall profitability.
  • Margin pressures and fluctuations in demand can make quarterly results volatile.
  • The company also relies on success in heavily regulated and competitive markets, introducing additional execution risk.

Key Risks

  • MGM Resorts faces a range of risks including high leverage, which could pose challenges in the event of adverse economic conditions or sustained revenue declines.
  • Market volatility, as seen with share price drops after earnings misses, reflects sensitivity to quarter-by-quarter performance.
  • The company remains vulnerable to external shocks like cyberattacks, regulatory changes, and downturns in travel or tourism.
  • Competitive risks stem from both traditional casino operators and digital-first companies.

What to Watch

UpcomingDuring the most recent quarter, MGM Resorts reported modest overall revenue growth driven largely by strong performance in its China and digital segments, even as the Las Vegas market faced challenges from room renovations, lower midweek demand, and reduced international visitation.
UpcomingThe company completed a major share buyback program, reflecting management's confidence in long-term prospects.
UpcomingHowever, MGM posted a $285 million net loss, attributed partially to one-time events such as withdrawing a bid for a New York gaming license and selling its Ohio casino.
ExpectedLooking into the next quarter, MGM Resorts anticipates stabilization of its Las Vegas operations as convention business recovers and major events return to the Strip, potentially boosting bookings and occupancy.

Price Drivers

  • MGM's stock price is primarily driven by quarterly revenue and earnings reports, with particular focus on growth in Macau and digital operations.
  • Key macroeconomic factors—such as consumer spending trends, travel volumes, and tourism dynamics—significantly influence casino and hospitality demand.
  • Market expectations around expansion projects, share buybacks, and insider purchases also act as catalysts for price movement.
  • Ongoing digital transformation and regulatory changes in the gambling sector can impact future revenue growth.

Recent News

  • Recent news surrounding MGM Resorts includes revenue growth, especially in China and digital units, and ongoing expansion through both traditional resorts and new digital avenues.
  • The company experienced a notable net loss due to special items like a failed New York license bid and asset sales.
  • BetMGM, its digital venture, continues to perform well in user base and revenue growth, despite losing streaks in sports results.
  • High-profile insider buying, such as significant investments by IAC, underline confidence from major stakeholders.

Market Trends

  • Key market trends impacting MGM Resorts include the post-pandemic recovery of global travel and the resurgence of Macau gaming, which have improved revenues across the hospitality sector.
  • The rapid growth of online sports betting and iGaming is transforming the landscape, with companies like MGM racing to capture market share through tech investments.
  • However, regulatory environments and macroeconomic fluctuations continue to introduce unpredictability.
  • The convention and events sector in Las Vegas is expected to rebound, with major events forecasted to bring increased demand.

AI-generated summary. Not investment advice. DYOR.

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Topics: Company overview • Products • Competitors • Strengths & Risks

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@Curlar 1 month ago

If an unethical portfolio doesn’t bother you

If an unethical portfolio doesn’t bother you

For those who don’t really give a hoot lol.
I wanna try this experiment where I build an investment portfolio thats basically just the most unethical companies I can find and see if it actually beats the market or whatever. Heres what I got so far

Oil n gas:
- Exxon Mobil - one of the biggest oil companies out there, Chevron

Gambling:
Flutter Entertainment - owns Fanduel, MGM Resorts , more focused on the in-person gambling in Vegas

Defence/Weapons:
- Lockheed Martin - makes F35s, RTX Corp , Lockheed Martins direct competitor

Tobacco & Nicotine:
- Phillip Morris , Altria
ny other players youd suggest or throw in

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