MGM Stock Recent News

MGM operates some of the top resorts in the U.S., which have maintained occupancy rates above 90% over the past few years. Despite short-term macro headwinds, I think the long-term outlook remains positive for Las Vegas, iGaming, and sports betting. MGM is well-positioned to benefit from the overall growth, and many of the current risks can be mitigated by extending the investment time horizon.

LAS VEGAS , May 8, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached a new employment agreement with CEO & President Bill Hornbuckle through December 31, 2028. As part of his new employment contract, the Company has also agreed to offer Hornbuckle an advisory agreement at the end of the term to assist with its integrated resort project in Osaka, Japan until its opening.

MGM starts game changer mega casino in Osaka to debut in 2030. Estimates $5B in EBITDA. Casino projects will soar in scale with new demands by governments.

MGM's first-quarter top line reflects soft contributions from MGM China, Las Vegas Strip Resorts and regional operations.

Sequential Growth in Adjusted EBITDA and Market  S hare HONG KONG , May 1, 2025 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2025 (the "Period"). The Group is pleased to see Macau's average daily visitor arrival in the first quarter up 12% quarter-to-quarter to 109,585, recovered to 95% of same period in 2019.

MGM Resorts International (NYSE:MGM ) Q1 2025 Earnings Conference Call April 30, 2025 5:00 PM ET Company Participants Howard Wang - VP of IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO and Treasurer Corey Sanders - COO Conference Call Participants Brandt Montour - Barclays Carlo Santarelli - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley John DeCree - CBRE Barry Jonas - Truist Securities Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2025 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Gary Fritz, President of MGM Interactive; Kenneth Feng, Executive Director and President of MGM China Holdings; and Howard Wang, Vice President, Investor Relations.

Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MGM Resorts (MGM) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.74 per share a year ago.

Record 1Q Las Vegas Strip occupancy and slot win, with slot win up 7% year over year BetMGM venture reported significant revenue growth and a substantial year over year turn to positive EBITDA in 1Q 2025 Repurchased 15 million shares in 1Q 2025, reducing shares outstanding by 43% since the beginning of 2021 Board of Directors authorized a new $2 billion share repurchase program MGM Rewards program crossed 50 million members, a notable milestone reflecting the staying power of MGM Resort's iconic brands LAS VEGAS , April 30, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2025. "MGM Resorts achieved strong first quarter results across our portfolio in the face of the well anticipated comparison to last year's Super Bowl in Las Vegas, highlighted by a positive EBITDA performance at our BetMGM venture," said Bill Hornbuckle, Chief Executive Officer & President of MGM Resorts Intern

MGM's Q1 2025 performance is likely to have benefited from robust domestic demand trends and sustained strength in digital expansion.