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MGM Resorts International (MGM)

Stock Price: $29.59 USD -0.39 (-1.30%)
Updated Jan 26, 2021 4:00 PM EST - Market closed
Pre-market: $29.60 +0.01 (0.03%) Jan 27, 4:14 AM
Market Cap 14.62B
Revenue (ttm) 6.85B
Net Income (ttm) 1.43B
Shares Out 493.52M
EPS (ttm) 2.95
PE Ratio 10.04
Forward PE 47.62
Dividend $0.01
Dividend Yield 0.03%
Trading Day January 26
Last Price $29.59
Previous Close $29.98
Change ($) -0.39
Change (%) -1.30%
Day's Open 30.16
Day's Range 29.54 - 30.31
Day's Volume 7,309,351
52-Week Range 7.14 - 33.40

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InvestorPlace - 14 hours ago

These casino stocks have had it tough in the past year, but should bounce back as the economy re-opens in the U.S. and other gambling spots. The post 3 Casino Stocks That Could Make a Comeback...

Other stocks mentioned: LVS, WYNN
PRNewsWire - 1 day ago

LAS VEGAS, Jan. 25, 2021 /PRNewswire/ -- Award-winning mobile game developer PLAYSTUDIOS is expanding its groundbreaking partnership with hospitality and entertainment icon MGM Resorts Interna...

Zacks Investment Research - 1 day ago

MGM Resorts' (MGM) BetMGM supports retail offerings in Michigan with the launch of its sports betting and iGaming application.

The Motley Fool - 4 days ago

It's doing so with a partner that recently spurned its advances.

Benzinga - 6 days ago

MGM Resorts International (NYSE: MGM) announced Tuesday that it will not submit a revised proposal for Entain, its BetMGM joint venture partner. While this means MGM Resorts International's ow...

Bloomberg Markets and Finance - 1 week ago

Deals Report: MGM Walks Away From Entain, Lumentum Buys Coherent

Jan.19 -- In this edition of "Deals Report," Bloomberg's Ed Hammond takes a look at why MGM Resorts International decided not to make a firm offer for Entain Plc and discusses Lumentum Holding...

Other stocks mentioned: LITE, COHR, GMVHF
InvestorPlace - 1 week ago

With sports returning to life, the growth of sports betting stocks proves that live sports is an economic and entertainment proposition. The post 8 Sports Betting Stocks Ready for Sports Resur...

Other stocks mentioned: BYD, CZR, DKNG, GMBL, PDYPY, PENN, SGMS
The Motley Fool - 1 week ago

A big buyout in online gambling appears to be off the table.

PYMNTS - 1 week ago

MGM Resorts International said it's pulling the plug on its bid to acquire the gaming platform Entain, which is its BetMGM partner. After Entain rejected the company's all-stock proposal, MGM ...

Other stocks mentioned: GMVHF
The Motley Fool - 1 week ago

The sports-betting company's asking price was too high, several sources say.

Other stocks mentioned: GMVHF
Market Watch - 1 week ago

MGM Resorts International said it doesn't plan to submit a revised proposal to buy Entain , the U.K. sports betting and gambling company. Entain shares dropped 15% in London action.

Other stocks mentioned: GMVHF
PRNewsWire - 1 week ago

LAS VEGAS, Jan. 14, 2021 /PRNewswire/ -- On Monday, Jan. 18, the Las Vegas community will come together, virtually, to participate in the 39th annual Dr. Martin Luther King, Jr. Parade. MGM Re...

The Motley Fool - 2 weeks ago

A recovery in the gambling enclave has only been hinted at, but this could prolong the suffering.

Other stocks mentioned: LVS, WYNN
Forbes - 2 weeks ago

Recently, MGM Resorts made an offer to acquire Entain plc at 1,383 pence per share for a value of just over $11 to expand its presence in the global sports betting and iGaming industry. Per it...

Reuters - 2 weeks ago

Ladbrokes-owner Entain Plc said on Monday its Chief Executive Officer Shay Segev would leave the company, days after the gambling firm rejected an $11 billion takeover approach from U.S. casin...

The Motley Fool - 2 weeks ago

2021 might be a great year to bet on gambling stocks.

Other stocks mentioned: DKNG, EVRI, GAN, LVS, MLCO, PENN, WYNN
The Motley Fool - 2 weeks ago

Is now the time for investors to roll the dice on this struggling casino stock?

Seeking Alpha - 2 weeks ago

BJK: Betting On Bettors, Now And Post-Covid

Other stocks mentioned: BJK, DKNG, WIMHY
CNBC Television - 2 weeks ago

Bulls bet on MGM

"Halftime Report" trader Pete Najarian spots unusual activity in MGM

Reuters - 2 weeks ago

Casino operator MGM Resorts International said on Friday its largest shareholder, InterActiveCorp, supports its $11 billion takeover approach for Ladbrokes owner Entain Plc.

Other stocks mentioned: GMVHF
PRNewsWire - 2 weeks ago

LAS VEGAS, Jan. 8, 2021 /PRNewswire/ -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONST...

Other stocks mentioned: IAC
The Motley Fool - 2 weeks ago

Selling part of its 56% stake in MGM China would give the resort operator money to pursue other opportunities.

Investors Business Daily - 2 weeks ago

MGM Resorts has rebounded on hopes that Covid vaccines will revive casinos. But is MGM stock a buy now?

PRNewsWire - 2 weeks ago

LAS VEGAS, Jan. 6, 2021 /PRNewswire/ -- The MGM Resorts International ("MGM Resorts") (NYSE: MGM) Board of Directors acknowledges Snow Lake Capital's letter related to MGM China Holdings Limit...

Market Watch - 2 weeks ago

Gov. Cuomo to embrace online betting --- says New York could be 'largest sports wagering market in the United States'

Other stocks mentioned: CZR, DKNG, PENN
The Motley Fool - 2 weeks ago

Is a huge buyout a shrewd move or an overpay for MGM Resorts?

Business Wire - 2 weeks ago

HONG KONG--(BUSINESS WIRE)--Snow Lake Capital Limited, a leading Asian alternative investment management firm with over US$3 billion in assets under management, today sent a letter to the MGM ...

The Motley Fool - 3 weeks ago

Recovery in China's gambling mecca is taking longer than expected.

Other stocks mentioned: LVS, WYNN
Zacks Investment Research - 3 weeks ago

MGM Resorts' (MGM) BetMGM continues to expand sports betting footprint. The company has launched its sports betting app in Iowa.

The Motley Fool - 3 weeks ago

The casino operator is trying to take full ownership of a sports betting partner.

CNBC Television - 3 weeks ago

If corporate travel is delayed, estimates need to be lowered: Analyst

Patrick Scholes of Truist joins CNBC's Kelly Evans to break down why recovery in corporate travel is crucial for the sector overall. For access to live and exclusive video from CNBC subscribe ...

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, PK, RLH, SMIZF, STAY, VAC, WH, WYND
PRNewsWire - 3 weeks ago

LAS VEGAS, Jan. 4, 2021 /PRNewswire/ -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITU...

Zacks Investment Research - 3 weeks ago

MGM Resorts (MGM) continues to focus on sports-betting expansion. BetMGM announces new bid to purchase U.K.-based gaming company Entain.

The Motley Fool - 3 weeks ago

The companies' BetMGM online sports betting venture has been expanding quickly in the U.S.

Invezz - 3 weeks ago

In a report on Sunday, the Wall Street Journal said that MGM Resorts International (NYSE: MGM) plans on buying Entain plc. The agreement with the British gaming company, the report added, will...

The Motley Fool - 3 weeks ago

The casino operator is in a good position for this year in more ways than one.

CNN Business - 3 weeks ago

MGM Resorts International is attempting to buy the owner of British gambling brand Ladbrokes, making it the latest US casino operator to place a significant wager on the fast-growing online be...

Fox Business - 3 weeks ago

A combination could create one of the few large gaming companies in the world with a significant online and bricks-and-mortar presence. It would follow other recent consolidation in the industry.

Reuters - 3 weeks ago

(Reuters) -Ladbrokes owner Entain Plc said on Monday an $11 billion bid proposal from U.S. casino operator MGM Resorts significantly undervalued its business in the latest transatlantic move i...

PYMNTS - 3 weeks ago

MGM Resorts International is trying to acquire Entain, the British parent of major online-gambling player Ladbrokes, the Wall Street Journal reports. The Journal said the cash and stock offer ...

InvestorPlace - 3 weeks ago

These gambling stocks to buy are poised for a recovery and possible strong gains in 2021 as a return to normal conditions is expected. The post 4 Gambling Stocks Set for a Bull Run in 2021 app...

Other stocks mentioned: BETZ, BJK, LVS
The Motley Fool - 4 weeks ago

Casinos were shut down for part of the year but online gambling was the real focus for investors.

Other stocks mentioned: CZR, DKNG, EVRI, GAN, PENN
The Motley Fool - 1 month ago

These established businesses are well-positioned to benefit from ongoing trends in 2021.

Other stocks mentioned: GRMN, NEE
Deadline - 1 month ago

MGM has tapped two investment banks and started a formal sale process, looking to generate heat from Hollywood studios, international conglomerates, private equity firms and the growing multit...

InvestorPlace - 1 month ago

Airbnb delivered great profits quickly, but now there are several hotel stocks to consider for a recovery in the travel industry. The post 3 Hotel Stocks That Are the Biggest Threats to Airbnb...

Other stocks mentioned: BKNG, CHH
The Motley Fool - 1 month ago

Despite positive news on the vaccine front, investors were a bit concerned that a flare up in the U.K. could be a sign of deeper problems.

Zacks Investment Research - 1 month ago

MGM Resorts (MGM) and GVC Holdings' joint venture Roar Digital's sports betting brand - BetMGM - continues to focus on sports betting expansion.

The Motley Fool - 1 month ago

Betting online may be the future of sports gambling.

Other stocks mentioned: DKNG, GAN
Zacks Investment Research - 1 month ago

MGM Resorts (MGM) closed at $31.67 in the latest trading session, marking a +1.77% move from the prior day.

Zacks Investment Research - 1 month ago

MGM Resorts (MGM) is likely to benefit from continuous investment in Macau and sports betting expansion.

About MGM

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots, table games, and race and sports book wagering. As of March 22, 2020, its portfolio consisted of 29 hotel and destination gaming of... [Read more...]

Industry
Resorts & Casinos
Founded
1986
CEO
William Hornbuckle
Employees
63,000
Stock Exchange
NYSE
Ticker Symbol
MGM
Full Company Profile

Financial Performance

In 2019, MGM Resorts's revenue was $12.90 billion, an increase of 9.66% compared to the previous year's $11.76 billion. Earnings were $2.05 billion, an increase of 339.00%.

Financial Statements

Analyst Forecasts

According to 16 analysts, the average rating for MGM Resorts stock is "Hold." The 12-month stock price forecast is 27.61, which is a decrease of -6.69% from the latest price.

Price Target
$27.61
(-6.69% downside)
Analyst Consensus: Hold