MGM Resorts International (MGM)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
MGM Resorts International (MGM) trades at $47.10 with AI Score 47/100 (Grade C). MGM Resorts International owns and operates casino, hotel, and entertainment resorts in the United States and Macau. Market cap: $12.05B, Sector: Consumer cyclical.
Price live · AI analysis from May 5, 2026MGM stock analysis for 2026: Analysts have set a consensus price target of $37.83 for MGM Resorts International, suggesting 19.7% downside from the current price of $47.10. The AI MoonshotScore is 47/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
MGM: the 8 perspectives are evenly split. Dominant signal: Seth Klarman bullish.
How is this calculated? →MGM Resorts International (MGM) Consumer Business Overview
MGM Resorts International is a global leader in casino entertainment and hospitality, operating iconic resorts in Las Vegas and Macau. The company distinguishes itself through its diverse portfolio of gaming, hotel, and entertainment offerings, catering to premium and leisure customers in the competitive consumer cyclical sector.
What Is the Investment Thesis for MGM?
MGM Resorts International presents a compelling investment thesis based on its strong market position, diversified operations, and growth potential in the gaming and entertainment industry. With a market capitalization of $12.05B and a P/E ratio of 66.0, MGM demonstrates financial stability and growth prospects. Key value drivers include the expansion of its online gaming platform, BetMGM, and the continued recovery of the Las Vegas Strip and regional markets. The company's focus on enhancing customer experiences and leveraging its iconic brands positions it for sustained growth. Upcoming catalysts include the potential for further expansion in the Asian market and the development of new integrated resorts. However, potential risks include increased competition, regulatory changes, and economic downturns that could impact consumer spending.
Based on FMP financials and quantitative analysis
MGM Key Highlights
- Market capitalization of $12.05B reflects investor confidence in MGM's market position.
- P/E ratio of 66.0 indicates a premium valuation based on earnings expectations.
- Gross margin of 44.2% demonstrates strong operational efficiency and pricing power.
- Operation of 29 hotel and destination gaming offerings as of February 17, 2021, showcasing extensive market reach.
- Online sports betting and iGaming through BetMGM provides a growth avenue in the digital gaming space.
Who Are MGM's Competitors?
MGM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FIVE Five Below, Inc. | $182.43 | -0.11% | $10.09B | 73 |
| BWA BorgWarner Inc. | $63.52 | -1.31% | $13.03B | 79 |
| BROS Dutch Bros Inc. | $72.16 | -1.57% | $12.47B | 56 |
| GAP The Gap, Inc. | $19.25 | +2.28% | $6.93B | 75 |
| GIL Gildan Activewear Inc. | $51.50 | -0.27% | $7.88B | 52 |
| PDSSF Paradise Entertainment Limited | $0.09 | +0.00% | $96.39M | 63 |
| RSI Rush Street Interactive (RSI) | $31.68 | +1.34% | $7.53B | 62 |
| CDRO Codere Online Luxembourg, S.A. | $9.56 | +1.70% | $434.69M | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MGM's Key Strengths?
- Strong brand portfolio and reputation.
- Diversified revenue streams.
- Prime locations in Las Vegas and Macau.
- Established online gaming platform (BetMGM).
What Are MGM's Weaknesses?
- High debt levels.
- Dependence on economic cycles.
- Exposure to regulatory changes.
- Intense competition in the gaming industry.
What Could Drive MGM Stock Higher?
- Continued expansion and market share gains of BetMGM in the online gaming sector.
- Potential development of new integrated resorts in Asia, driving revenue growth.
- Recovery of the Las Vegas Strip and regional markets from the COVID-19 pandemic.
- Implementation of cost-saving initiatives to improve operational efficiency.
What Are the Key Risks for MGM?
- Financial-distress signal — its Altman Z-Score of 0.77 sits in the distress zone (elevated bankruptcy risk).
- Rich valuation — a P/E of 66.0 runs well above the Consumer Cyclical sector’s ~39x, leaving little room for a miss.
- Economic downturns impacting consumer spending on leisure and entertainment.
- Increased competition from new entrants in the gaming industry.
- Regulatory changes and tax increases affecting gaming operations.
- Geopolitical risks in Macau impacting revenue from Asian operations.
What Are the Growth Opportunities for MGM?
- Growth opportunity 1: Expansion of BetMGM: BetMGM, MGM's online sports betting and iGaming platform, represents a significant growth opportunity. The online gaming market is experiencing rapid growth, with projections estimating a market size of over $92.9 billion by 2029. MGM can capitalize on this trend by expanding BetMGM's reach into new states and enhancing its product offerings. The company's established brand and customer base provide a competitive advantage in this rapidly evolving market. Timeline: Ongoing, with continuous expansion and product development.
- Growth opportunity 2: Development of Integrated Resorts in Asia: The Asian market, particularly Macau, offers substantial growth potential for MGM. The development of new integrated resorts in the region can drive revenue growth and increase market share. The Asian gaming market is expected to continue its growth trajectory, driven by increasing disposable incomes and tourism. MGM's experience in developing and operating successful resorts positions it well to capitalize on this opportunity. Timeline: Medium-term, with potential projects under development.
- Growth opportunity 3: Enhancement of Customer Loyalty Programs: Enhancing customer loyalty programs can drive repeat business and increase customer lifetime value. By offering personalized rewards and exclusive experiences, MGM can strengthen its relationships with its most valuable customers. The loyalty program market is highly competitive, but MGM's scale and resources provide an advantage in creating compelling and differentiated offerings. Timeline: Ongoing, with continuous refinement and optimization.
- Growth opportunity 4: Strategic Acquisitions and Partnerships: Strategic acquisitions and partnerships can expand MGM's reach and diversify its offerings. By acquiring complementary businesses or partnering with other companies, MGM can gain access to new markets, technologies, and customer segments. The mergers and acquisitions landscape in the gaming and hospitality industry is dynamic, with opportunities for consolidation and strategic alliances. Timeline: Opportunistic, with potential deals arising based on market conditions.
- Growth opportunity 5: Leveraging Data Analytics and AI: Leveraging data analytics and artificial intelligence (AI) can improve operational efficiency, personalize customer experiences, and optimize marketing efforts. By analyzing customer data, MGM can identify trends, predict demand, and tailor its offerings to meet individual preferences. The data analytics and AI market is rapidly evolving, with new technologies and applications emerging continuously. MGM's investment in these technologies can drive significant improvements in its business performance. Timeline: Ongoing, with continuous implementation and refinement.
What Opportunities Does MGM Have?
- Expansion of online gaming (BetMGM).
- Development of new integrated resorts in Asia.
- Strategic acquisitions and partnerships.
- Enhancement of customer loyalty programs.
What Threats Does MGM Face?
- Economic downturns impacting consumer spending.
- Increased competition from new entrants.
- Regulatory changes and tax increases.
- Geopolitical risks in Macau.
What Are MGM's Competitive Advantages?
- Strong brand recognition and reputation in the gaming and hospitality industry.
- Prime locations of resorts in Las Vegas and Macau.
- Diversified revenue streams across gaming, hotel, and entertainment.
- Extensive customer loyalty programs and relationships.
What Does MGM Do?
MGM Resorts International, established in 1986 and formerly known as MGM MIRAGE until 2010, is a global leader in the gaming and entertainment industry. Headquartered in Las Vegas, Nevada, the company owns and operates a diverse portfolio of casino, hotel, and entertainment resorts across the United States and Macau. MGM's operations are divided into three key segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. These segments encompass a wide array of offerings, including gaming, hotel accommodations, convention facilities, dining experiences, entertainment venues, and retail outlets. The company's casino operations feature both traditional slots and table games, as well as innovative online sports betting and iGaming platforms through BetMGM. As of February 17, 2021, MGM's portfolio included 29 hotel and destination gaming offerings, showcasing its extensive reach and market presence. In addition to its resort properties, MGM also owns and operates the prestigious Las Vegas Strip Resorts and the Fallen Oak golf course, further diversifying its revenue streams and enhancing its brand image. MGM caters to a broad customer base, including premium gaming clients, leisure and wholesale travelers, business travelers, and group customers attending conventions, trade associations, and meetings. This diversified approach allows MGM to capture a significant share of the global gaming and hospitality market.
What Products and Services Does MGM Offer?
- Owns and operates casino resorts in the United States and Macau.
- Offers gaming, hotel, convention, dining, entertainment, and retail amenities.
- Operates online sports betting and iGaming through BetMGM.
- Manages Las Vegas Strip Resorts.
- Operates the Fallen Oak golf course.
- Caters to premium gaming customers, leisure travelers, and business travelers.
How Does MGM Make Money?
- Generates revenue from gaming operations, including slots and table games.
- Earns revenue from hotel accommodations, dining, and entertainment.
- Derives income from online sports betting and iGaming through BetMGM.
- Receives revenue from convention and meeting facilities.
What Industry Does MGM Operate In?
MGM Resorts International operates within the dynamic and competitive gambling, resorts, and casinos industry. The industry is characterized by evolving consumer preferences, technological advancements, and regulatory changes. Market trends include the growing popularity of online gaming, the increasing demand for integrated resort experiences, and the expansion of gaming into new geographic regions. MGM competes with other major players in the industry, such as Las Vegas Sands and Wynn Resorts, as well as regional casino operators and emerging online gaming platforms. The industry is subject to economic cycles, with consumer spending on leisure and entertainment impacting revenue and profitability.
Who Are MGM's Key Customers?
- Premium gaming customers seeking high-stakes gaming experiences.
- Leisure and wholesale travel customers visiting resorts for vacation.
- Business travelers attending conventions and meetings.
- Group customers, including trade associations and small meetings.
MGM Resorts International Financial Trajectory
MGM Resorts International (MGM) reported $4.45B in revenue for Q1 2026, a decline of 3.3% compared to the prior quarter. The company recorded net income of $125.1M, with diluted EPS of $0.48. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Consumer Cyclical. Across the four most recent quarters, MGM averaged $0.18 in diluted EPS.
Company Profile
MGM Resorts International operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. It is headquartered in Las Vegas, US. The company is led by CEO William Joseph Hornbuckle. MGM has traded publicly since 1988.
How MGM Resorts International Is Valued
MGM Resorts International carries a market capitalization of $12.05B, placing it in the large-cap category. Relative to its peer group, MGM's quantitative score of 47/100 is below the peer average of 67/100.
ROE 7%Key Financial Metrics
Return on equity for MGM Resorts International stands at 7.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.4%, showing how much profit it generates from its asset base. MGM trades at a trailing price-to-earnings ratio of 66.02, above the Consumer Cyclical sector average of ~39x. Its free cash flow yield is 14.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.33 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 8/9Financial Health
MGM Resorts International's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.77 places it in the distress zone, a signal of elevated financial risk.
5/8 beatsEarnings Track Record
MGM Resorts International has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 28.5% above estimates on average.
FY2026 estForward Outlook
Wall Street analysts project MGM Resorts International revenue of about $17.69B for fiscal 2026, with EPS near $1.70. The estimate reflects 17 contributing analysts.
Net buyingInsider Activity
Over the past six months, MGM Resorts International insiders filed 15 SEC Form 4 transactions — 6 sales and 9 purchases. On net that is roughly 19K shares acquired (about $257K) — insiders putting money in tends to read as conviction.
MGM Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong brand portfolio and reputation.
- Diversified revenue streams.
- Prime locations in Las Vegas and Macau.
- Established online gaming platform (BetMGM).
Bear Case
- High debt levels.
- Dependence on economic cycles.
- Exposure to regulatory changes.
- Intense competition in the gaming industry.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
From the Earnings Call
“We continue to prioritize the iGaming segment where underlying fundamentals are healthy and growing, and we are approaching $2 billion in annual revenue from operators.”
— William Hornbuckle, CEO
“Net revenue for Las Vegas in Q1 grew on a year-over-year basis for the first time in over a year despite an exceptionally strong leisure comparative.”
— William Hornbuckle, CEO
MGM Q1 FY2026 earnings call transcript · 2026-04-29
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $4.45B | $125M | $0.48 |
| Q4 2025 | $4.61B | $294M | $1.11 |
| Q3 2025 | $4.25B | -$285M | -$1.05 |
| Q2 2025 | $4.40B | $49M | $0.18 |
Based on FMP financials and quantitative analysis
MGM Latest News
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Rachel Cruze Says Sports Betting, Crypto Are Putting Young Americans' Finances At Risk
benzinga · Jun 29, 2026
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Americans Bet Twice As Much On Sports Last Year As Amazon Earned, Anthony Pompliano Says: Stocks And ETFs In Focus
benzinga · Jun 29, 2026
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MGM Resorts International Announces Second Quarter Earnings Release Date
prnewswire.com · Jun 26, 2026
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BetMGM Opens Preregistration for Alberta Players Ahead of July 13 Market Launch
globenewswire.com · Jun 26, 2026
MGM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MGM.
Price Targets
Consensus target: $37.83
MGM MoonshotScore
What does this score mean?
The MoonshotScore rates MGM's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Rachel Cruze Says Sports Betting, Crypto Are Putting Young Americans' Finances At Risk
Americans Bet Twice As Much On Sports Last Year As Amazon Earned, Anthony Pompliano Says: Stocks And ETFs In Focus
MGM Resorts International Announces Second Quarter Earnings Release Date
BetMGM Opens Preregistration for Alberta Players Ahead of July 13 Market Launch
Latest MGM Resorts International Analysis
Leadership: William Joseph Hornbuckle
CEO
William Joseph Hornbuckle serves as the CEO of MGM Resorts International, bringing extensive experience in the gaming and hospitality industry. Prior to his appointment as CEO, Hornbuckle held various leadership positions within MGM, including President and Chief Operating Officer. His career spans several decades, during which he has demonstrated a deep understanding of the company's operations and strategic direction. Hornbuckle's expertise encompasses areas such as resort management, marketing, and business development. He is known for his strategic vision and commitment to innovation.
Track Record: Under William Joseph Hornbuckle's leadership, MGM Resorts International has focused on expanding its online gaming presence through BetMGM and enhancing its customer experiences across its resort properties. He has overseen the company's response to the COVID-19 pandemic and its subsequent recovery efforts. Hornbuckle has also played a key role in driving operational efficiencies and improving financial performance. His tenure has been marked by a focus on sustainable growth and long-term value creation.
MGM Resorts International Consumer Cyclical Stock: Key Questions Answered
What does MGM Resorts International do?
MGM Resorts International is a global entertainment, hospitality and gaming company operating through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. The company develops, owns and operates destination resorts offering gaming, hotel, convention, dining, entertainment, and retail experiences. MGM also operates online gaming and sports betting platforms through BetMGM. The company's primary focus is on providing premium entertainment and hospitality experiences to a diverse customer base, including leisure travelers, business travelers, and premium gaming clients. As of 2021, MGM's portfolio included 29 hotel and destination gaming offerings, showcasing its extensive reach and market presence.
What do analysts say about MGM stock?
Analyst consensus on MGM stock reflects a generally positive outlook, driven by the company's strong market position, diversified operations, and growth potential in the online gaming sector. Key valuation metrics, such as price-to-earnings ratio and enterprise value-to-EBITDA, are closely monitored to assess the stock's relative value. Growth considerations include the expansion of BetMGM, the recovery of the Las Vegas Strip, and potential development of new integrated resorts in Asia. While analysts recognize the company's strengths, they also acknowledge potential risks, such as economic downturns and regulatory changes. The consensus typically provides a price target based on projected earnings and cash flow, but investors should conduct their own due diligence before making investment decisions.
What are the main risks for MGM?
MGM Resorts International faces several key risks that could impact its financial performance and stock valuation. Economic downturns could reduce consumer spending on leisure and entertainment, negatively affecting revenue from gaming, hotel, and dining operations. Increased competition from new and existing players in the gaming industry could erode market share and pressure profit margins. Regulatory changes and tax increases could increase operating costs and reduce profitability. Geopolitical risks in Macau could disrupt operations and impact revenue from Asian operations. Additionally, high debt levels could constrain the company's financial flexibility and increase its vulnerability to economic shocks. These risks require careful monitoring and proactive mitigation strategies.
What are the key factors to evaluate for MGM?
MGM Resorts International (MGM) holds an AI score of 47/100 (low). P/E: 66.0x vs the S&P 500's ~20-25x. Analysts target $37.83 (-20%). Not financial advice.
How frequently does MGM data refresh on this page?
MGM prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven MGM's recent stock price performance?
MGM Resorts International (MGM) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand portfolio and reputation. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MGM overvalued or undervalued right now?
MGM Resorts International (MGM) trades at 66.0x earnings. Analysts target $37.83 (-20%) — downside risk seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying MGM?
Before investing in MGM Resorts International (MGM), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2026-05-05.
- Financial data is based on historical reports and may not be indicative of future performance.
- Analyst opinions and projections are subject to change.