Las Vegas Gaming Win Rises 14.4% in March
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy MGM?
Source: seekingalpha
- Gaming Win Growth: Las Vegas gaming win rose 14.4% year-over-year in March to $780 million, marking the second consecutive month of positive growth and indicating a robust market recovery.
- Statewide Performance: Nevada's overall gaming win increased 11.8% year-over-year in March to $1.43 billion, reflecting a rebound in consumer spending across the state, particularly driven by tourism and convention activities.
- Downtown Surge: Downtown Las Vegas casinos experienced a 20.8% increase in gaming win to $103.2 million, highlighting the area's growing appeal, likely attracting more visitors and local players.
- Segment Highlights: Baccarat gaming win soared 105%, while sportsbook revenue jumped 107%, indicating a significant rise in the popularity of high-stakes gaming and sports betting, further fueling overall revenue growth.
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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: 37.910
Low
29.00
Averages
40.31
High
56.00
Current: 37.910
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.
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- Revenue Growth: According to the Gaming Inspection and Coordination Bureau, Macau's gross gaming revenue (GGR) rose 5.5% year-on-year in April to 19.9 billion patacas ($2.46 billion), indicating signs of market recovery.
- Sequential Decline Analysis: Despite the year-on-year increase, April's revenue was down 12.6% from March, primarily due to the month being traditionally slow with no extended holidays to boost activity.
- Year-to-Date Performance: For the first four months of 2026, Macau's GGR is up 12.1% year-on-year to 85.8 billion patacas ($10.6 billion), yet still down 14.5% from pre-pandemic levels in 2019, highlighting the challenges in market recovery.
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- Gaming Win Growth: Las Vegas gaming win rose 14.4% year-over-year in March to $780 million, marking the second consecutive month of positive growth and indicating a robust market recovery.
- Statewide Performance: Nevada's overall gaming win increased 11.8% year-over-year in March to $1.43 billion, reflecting a rebound in consumer spending across the state, particularly driven by tourism and convention activities.
- Downtown Surge: Downtown Las Vegas casinos experienced a 20.8% increase in gaming win to $103.2 million, highlighting the area's growing appeal, likely attracting more visitors and local players.
- Segment Highlights: Baccarat gaming win soared 105%, while sportsbook revenue jumped 107%, indicating a significant rise in the popularity of high-stakes gaming and sports betting, further fueling overall revenue growth.
See More
- Project Launch Status: MGM's integrated resort project in Osaka, Japan, is progressing well with over 40% of foundation piles installed, the first concrete floor poured, and the first structural steel erected, targeting an opening in 2030, marking a significant move into the Japanese market.
- Investment Scale and Structure: The project has a total investment of approximately $10 billion, with MGM and Orix Corporation each holding a 40% stake, showcasing a strong partnership in the Japanese market, and the company anticipates funding of about $200 million to $225 million this year to ensure smooth project advancement.
- Market Potential Analysis: CEO William Hornbuckle highlighted Japan's population of over 120 million residents and more than 40 million international visitors annually, indicating substantial market potential that lays the groundwork for the integrated resort's success, expected to attract significant tourism and investment.
- Stock Price Expectations and Financing Plans: Texas Capital analyst David Bain estimates the value of MGM's Japan integrated resort at $9 per share, and the company has pre-funded its financial needs for this year through a yen-denominated credit facility, reflecting a strong financial position.
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