How Is MGM Resorts' Stock Performance Compared to Other Resorts & Casinos Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2024
0mins
Should l Buy MGM?
Source: NASDAQ.COM
Company Overview and Performance: MGM Resorts International, a large-cap company valued at $10.3 billion, has seen its stock decline 28% from its 52-week high, underperforming compared to industry peers like Wynn Resorts. The company's recent Q3 earnings report showed a revenue increase but missed estimates, contributing to a bearish trend in its stock performance.
Analyst Outlook: Despite the recent challenges, analysts maintain a "Strong Buy" consensus rating for MGM, with a mean price target of $50.37, indicating a potential upside of 45% from current levels.
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Analyst Views on MGM
Wall Street analysts forecast MGM stock price to rise
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 35.620
Low
29.00
Averages
40.31
High
56.00
Current: 35.620
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international destinations featuring hotels and casinos, meetings and conference spaces, incredible live and theatrical entertainment experiences, and a range of restaurants, nightlife and retail offerings. Its segment includes Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. Las Vegas Strip Resorts consists of casino resorts: Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. Regional Operations consists of various casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which consists of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Amazon MGM's 'Project Hail Mary' Sets Box Office Records
- Record Box Office: Amazon MGM's 'Project Hail Mary' has grossed over $300 million globally since its release two weeks ago, marking the best performance for the company and indicating a successful transformation in the film market.
- Domestic Box Office Milestone: The film has achieved approximately $165 million in the U.S., making it Amazon MGM's first domestic box office earner over $100 million, significantly enhancing the company's position in a competitive film landscape.
- Strong Box Office Stability: The film experienced only a 32% drop in ticket sales from its first to second weekend domestically, and a mere 5% decline internationally, well below the typical 50% to 70% drop for Hollywood blockbusters, reflecting strong audience approval and sustained interest.
- Future Film Plans: Amazon plans to invest around $1 billion annually in theatrical releases, aiming to produce 12 to 15 films each year, with upcoming diverse offerings like the comedy 'The Sheep Detectives' and the psychological thriller 'Verity', further solidifying its market presence.
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- Manipulability Concerns: The letter outlines examples of event contracts that could be easily manipulated by a single individual, such as whether a kicker will miss a field goal, highlighting the NFL's vigilance regarding these types of wagers.
- Market Participant Dynamics: While the NFL remains cautious about prediction markets, platforms like Kalshi and Polymarket have rapidly emerged in this burgeoning industry, attracting interest from traditional sports betting companies like FanDuel and DraftKings.
- Regulatory Call: NFL executives have stated that the current lack of effective regulation in sports prediction markets necessitates continued engagement with the CFTC to establish essential regulatory frameworks that protect game integrity.
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- Earnings Release Schedule: MGM Resorts will release its Q1 2026 financial results after market close on April 29, 2026, expected to provide critical financial data and operational performance insights, aiding investors in assessing the company's financial health.
- Conference Call Details: The company will host a conference call at 5:00 p.m. Eastern Time on the same day, which will include a brief discussion of the financial results followed by a Q&A session, enhancing investor engagement and transparency.
- Replay Service: A replay of the conference call will be available until May 6, 2026, allowing investors who cannot participate live to access important information by dialing the specified numbers, ensuring comprehensive communication.
- Global Business Overview: MGM Resorts is a leading global gaming and entertainment company with 31 unique hotel and gaming destinations, actively pursuing expansion in Asia, particularly through an integrated resort development in Japan, demonstrating its commitment to international growth strategies.
See More
MGM Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: MGM Resorts will release its financial results for Q1 2026 after market close on April 29, 2026, reflecting the company's performance and financial health in the global entertainment sector.
- Conference Call Details: The company will host a conference call on the same day at 5:00 p.m. Eastern Time, which will include a brief discussion of the financial results followed by a Q&A session, enhancing investor engagement.
- Supplemental Materials Release: Prior to the call, MGM will post supplemental slides on its Investor Relations website, ensuring investors have a comprehensive understanding of the company's financial status and future outlook.
- Global Business Overview: MGM Resorts is a leading global entertainment company with 31 unique hotel and gaming destinations, committed to enhancing customer experiences through sustainability and innovation while actively pursuing integrated resort development in Japan.
See More
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- Statewide Performance: Nevada's gaming win increased 1.5% year-over-year in February to $1.24 billion, reflecting positive impacts from tourism and convention activities despite overall slow growth.
- Downtown Casino Challenges: Downtown Las Vegas casinos experienced a 4.2% decline in gaming win to $69.8 million during the month, indicating greater competitive pressures and risks of customer attrition in the area.
- Diverse Game Performance: While overall gaming revenue grew, slot machine revenue increased by 1.7%, and table game revenue rose by 1.1%, with Pai Gow gaming win surging 158% and baccarat up 44%, highlighting shifts in consumer preferences.
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- Increased Auto Loan Defaults: The study found that auto loan delinquencies rose by 5.6% post-legalization, further reflecting the potential threat to household financial health, particularly pronounced among younger borrowers who are more likely to engage in betting activities.
- Declining Credit Scores: In counties where sports betting is legal, overall delinquency rates increased by approximately 0.3 percentage points, while median credit scores slightly declined, indicating a broader adverse effect of gambling on household credit conditions.
- Heightened Risks for Active Bettors: The study estimates that delinquency rates among active bettors surged by around 10 percentage points, with younger borrowers facing even greater financial pressure, potentially leading to a higher likelihood of bankruptcy as a result of increased gambling access.
See More
Amazon MGM's 'Project Hail Mary' Sets Box Office Records
- Record Box Office: Amazon MGM's 'Project Hail Mary' has grossed over $300 million globally since its release two weeks ago, marking the best performance for the company and indicating a successful transformation in the film market.
- Domestic Box Office Milestone: The film has achieved approximately $165 million in the U.S., making it Amazon MGM's first domestic box office earner over $100 million, significantly enhancing the company's position in a competitive film landscape.
- Strong Box Office Stability: The film experienced only a 32% drop in ticket sales from its first to second weekend domestically, and a mere 5% decline internationally, well below the typical 50% to 70% drop for Hollywood blockbusters, reflecting strong audience approval and sustained interest.
- Future Film Plans: Amazon plans to invest around $1 billion annually in theatrical releases, aiming to produce 12 to 15 films each year, with upcoming diverse offerings like the comedy 'The Sheep Detectives' and the psychological thriller 'Verity', further solidifying its market presence.
See More
NFL Requests Ban on Manipulable Betting Contracts
- Market Regulation: The NFL has sent a letter to prediction market operators requesting the removal of what it deems 'objectionable bets' from their platforms to safeguard the integrity of the games and the interests of participants.
- Manipulability Concerns: The letter outlines examples of event contracts that could be easily manipulated by a single individual, such as whether a kicker will miss a field goal, highlighting the NFL's vigilance regarding these types of wagers.
- Market Participant Dynamics: While the NFL remains cautious about prediction markets, platforms like Kalshi and Polymarket have rapidly emerged in this burgeoning industry, attracting interest from traditional sports betting companies like FanDuel and DraftKings.
- Regulatory Call: NFL executives have stated that the current lack of effective regulation in sports prediction markets necessitates continued engagement with the CFTC to establish essential regulatory frameworks that protect game integrity.
See More
MGM Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: MGM Resorts will release its Q1 2026 financial results after market close on April 29, 2026, expected to provide critical financial data and operational performance insights, aiding investors in assessing the company's financial health.
- Conference Call Details: The company will host a conference call at 5:00 p.m. Eastern Time on the same day, which will include a brief discussion of the financial results followed by a Q&A session, enhancing investor engagement and transparency.
- Replay Service: A replay of the conference call will be available until May 6, 2026, allowing investors who cannot participate live to access important information by dialing the specified numbers, ensuring comprehensive communication.
- Global Business Overview: MGM Resorts is a leading global gaming and entertainment company with 31 unique hotel and gaming destinations, actively pursuing expansion in Asia, particularly through an integrated resort development in Japan, demonstrating its commitment to international growth strategies.
See More
MGM Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: MGM Resorts will release its financial results for Q1 2026 after market close on April 29, 2026, reflecting the company's performance and financial health in the global entertainment sector.
- Conference Call Details: The company will host a conference call on the same day at 5:00 p.m. Eastern Time, which will include a brief discussion of the financial results followed by a Q&A session, enhancing investor engagement.
- Supplemental Materials Release: Prior to the call, MGM will post supplemental slides on its Investor Relations website, ensuring investors have a comprehensive understanding of the company's financial status and future outlook.
- Global Business Overview: MGM Resorts is a leading global entertainment company with 31 unique hotel and gaming destinations, committed to enhancing customer experiences through sustainability and innovation while actively pursuing integrated resort development in Japan.
See More
Las Vegas Gaming Win Sees Modest Increase
- Gaming Win Recovery: Las Vegas gaming win rose 0.9% year-over-year in February to $696.3 million, breaking a three-month decline streak and indicating a slight market recovery.
- Statewide Performance: Nevada's gaming win increased 1.5% year-over-year in February to $1.24 billion, reflecting positive impacts from tourism and convention activities despite overall slow growth.
- Downtown Casino Challenges: Downtown Las Vegas casinos experienced a 4.2% decline in gaming win to $69.8 million during the month, indicating greater competitive pressures and risks of customer attrition in the area.
- Diverse Game Performance: While overall gaming revenue grew, slot machine revenue increased by 1.7%, and table game revenue rose by 1.1%, with Pai Gow gaming win surging 158% and baccarat up 44%, highlighting shifts in consumer preferences.
See More
Legalization of Sports Betting Deteriorates Household Credit Health
- Rising Delinquency Rates: Research from the Federal Reserve Bank of New York indicates that following the legalization of sports betting, the delinquency rate for credit card payments among individuals under 40 increased by 7.9%, highlighting significant negative impacts on financial stability for younger households.
- Increased Auto Loan Defaults: The study found that auto loan delinquencies rose by 5.6% post-legalization, further reflecting the potential threat to household financial health, particularly pronounced among younger borrowers who are more likely to engage in betting activities.
- Declining Credit Scores: In counties where sports betting is legal, overall delinquency rates increased by approximately 0.3 percentage points, while median credit scores slightly declined, indicating a broader adverse effect of gambling on household credit conditions.
- Heightened Risks for Active Bettors: The study estimates that delinquency rates among active bettors surged by around 10 percentage points, with younger borrowers facing even greater financial pressure, potentially leading to a higher likelihood of bankruptcy as a result of increased gambling access.
See More
