MGM Resorts International (MGM)
Operator of casino resorts and online gaming brands in the United States, Macau, Europe, and Brazil.
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Operates casino resorts across the Las Vegas Strip, regional U.S. markets, and Macau, earning from gaming, hotel rooms, food and beverage, conventions, and entertainment. LeoVegas and BetMGM add online gaming and sports betting, while the domestic resort portfolio operates entirely on leased real estate.
Operates integrated casino resorts on the Las Vegas Strip and in regional U.S. markets, pairing gaming with hotels, conventions, dining, live entertainment, retail, and nightlife. In Macau, controlled subsidiary MGM China runs MGM Macau and MGM Cotai under a government gaming concession.
Extends beyond physical resorts through LeoVegas and other consolidated online-gaming businesses, while the BetMGM joint venture offers sports betting and online gaming in North America. A shared rewards program and data-driven marketing connect gaming and non-gaming experiences across properties and digital channels. A separate joint venture with ORIX is developing an integrated resort in Osaka.
Revenue depends on property visitation, room demand, gaming volumes, and access to regulated markets. Every domestic property operates under triple-net leases, leaving the operator responsible for rent, maintenance, insurance, taxes, and capital spending.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 17, 2026 | Argus Research | Reiterate | Rating: —Target: — | Target: $55 |
| Jul 29, 2026 | Susquehanna | Reiterate | Rating: —Target: $54 | Target: $53 |
| Jul 15, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $38 | Target: $43 |
| Jul 9, 2026 | Barclays | Reiterate | Rating: —Target: $39 | Target: $48 |
| Jul 7, 2026 | Wells Fargo | Upgrade | Target: $30 | Target: $48.30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.55B · Total debt $29.85B · Total assets $39.85B · Shareholders' equity $2.51B
- Revenue
- $4.45B
- Operating income
- $503.6M
- Net income
- $292.4M
HistoryDividendAnnual yield
| Institutions | 68.26% | 171.74M shares | |
|---|---|---|---|
| 715 holders · as of Jun 30, 2026 | |||
| Insiders | 0.54% | 1.36M shares | |
| 13 holders · as of Sep 14, 2026 | |||
| Strategic holders | 26.56% | 66.82M shares | |
| 1 holder · as of Jun 1, 2026 | |||
| Other | 4.64% | 11.67M shares | |
| remainder | |||
251.59M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
IAC Inc.Strategic10 percent owner | 26.56% | 66.82M | filed Jun 1, 2026 |
Davis Selected AdvisersInstitution | 9.50% | 23.90M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.02% | 12.64M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.83% | 12.16M | as of Jun 30, 2026 |
Starlite Capital IncInstitution | 3.71% | 9.33M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Daniel J. Taylor | director | −6,675 | $38.44 |
| Mar 23, 2026 | IAC Inc. | 10 percent owner | +550,000 | $37.30 |
| Mar 24, 2026 | IAC Inc. | 10 percent owner | +450,000 | $37.13 |
| Mar 9, 2026 | Keith A. Meister | director | −37,500 | $34.27 |
| Dec 5, 2025 | IAC Inc. | 10 percent owner | +1,098,748 | $36.30 |
- Caesars Entertainment
Broad casino-resort and digital-gaming overlap
- Wynn Resorts
Premium Las Vegas and Macau integrated-resort overlap
- Las Vegas Sands
Macau and Singapore integrated-resort pressure
- Boyd Gaming
Regional casino and Las Vegas-area casino-hotel overlap
- Melco Resorts & Entertainment (ADR)
Macau and Asia integrated-resort overlap
- PENN® Entertainment
Regional casino and online gaming overlap
- Flutter Entertainment
FanDuel-led sportsbook and iGaming overlap
- DraftKings
Digital sportsbook and iGaming pressure on BetMGM
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MGM Resorts International | $38.69 | −0.54% | $9.79B | 23.6 | 23.5 | 0.6 | +1.1% |
| Caesars Entertainment | $29.56 | −0.22% | $6.03B | — | — | 0.5 | +3.0% |
| Wynn Resorts | $81.49 | −1.24% | $8.56B | 19.8 | 18.3 | 1.2 | +6.9% |
| Las Vegas Sands | $39.12 | −1.46% | $25.71B | 15.4 | 11.8 | 1.9 | −0.7% |
| Boyd Gaming | $71.82 | −0.36% | $5.24B | 3.2 | 9.6 | 1.3 | +0.0% |
| Melco Resorts & Entertainment (ADR) | $4.71 | −1.41% | $1.86B | 8.0 | 10.1 | 0.4 | −5.7% |
| PENN® Entertainment | $15.81 | −0.57% | $2.13B | — | 10.9 | 0.3 | +5.2% |
| Flutter Entertainment | $86.30 | −2.62% | $15.37B | — | 13.8 | 0.9 | +3.3% |
| DraftKings | $21.08 | −3.33% | $10.82B | — | 26.8 | 1.7 | −4.6% |
| Median | 11.7 | 11.8 | 1.0 | +1.5% |