MGM Resorts (MGM)
Consumer Discretionary · Integrated Gaming Resorts and Online Gaming
Global gaming and entertainment operator of world-class casino resorts with domestic Las Vegas and regional properties, international presence in Macau, and growing online sports betting and iGaming operations.
What MGM Resorts does
MGM Resorts International is a global gaming and entertainment company operating 16 domestic casino properties and 2 properties in Macau through a majority stake in MGM China Holdings Limited. The company generates revenue through casino gaming, hotel rooms, food and beverage, entertainment, retail, and increasingly through online gaming operations including its LeoVegas subsidiary and BetMGM joint venture. The company has adopted an asset-light business model involving monetization of real estate assets while focusing on growth through digital capabilities, U.S. online sports betting and iGaming, and international expansion efforts including an integrated resort in development in Osaka, Japan.
Themes: ["Integrated casino resorts","Online gaming expansion","Sports betting","iGaming","Digital transformation","Asset-light business model","International expansion","Macau gaming","Japan integrated resort development"]
Fundamentals
- Price$46.44 as of 2026-07-09 close
- Market cap$11.8B as of 2026-07-10
- 1-year return+23.2% as of 2026-07-09 close
- P/E64.73 as of 2026-07-10
- Net margin+1.0% as of 2026-07-10
- Gross margin+44.2% as of 2026-07-10
- ROE+6.9% as of 2026-07-10
- Debt / equity2.73 as of 2026-07-10
- Revenue growth (YoY)+3.4% as of 2026-07-10
- Revenue CAGR (3y)+10.1% SEC XBRL
- Beta1.29 as of 2026-07-10
Dividend: yield +0.0%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Substantial indebtedness and significant rent payment obligations under triple-net leases for domestic properties (Bellagio, Mandalay Bay, MGM Grand Las Vegas) could adversely affect operations and financial flexibility","Intense competition from other gaming operators and rapidly expanding online sports betting and iGaming markets could materially reduce market share and profitability","Economic downturn and adverse market conditions in key jurisdictions (Las Vegas, Macau, regional markets) could significantly reduce customer demand and gaming revenues"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.