MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. The company operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. It operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. The company’s casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Market Dynamics | Explore MGM's resilience in Las Vegas, facing tough comparisons but showing record-setting performance in various metrics, particularly from high-end customers |
Expansion Horizons | Delve into MGM's strategic moves in regional U.S. markets, Macau recovery, and potential projects in New York and Japan, showcasing the company's diversification strategy |
Digital Frontie | Learn about BetMGM's growing market share in iGaming, reaching 23% in February 2025, and MGM's exploration of prediction markets to attract high-net-worth individuals |
Financial Outlook | Analyst price targets range from $45 to $50, with an average of $48. MGM maintains strong liquidity of $6.41 billion, supporting expansion plans and shareholder returns |
Metrics to compare | MGM | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipMGMPeersSector | |
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P/E Ratio | 13.6x | −1.3x | 10.6x | |
PEG Ratio | −1.02 | 0.01 | 0.02 | |
Price/Book | 3.2x | 0.3x | 1.4x | |
Price / LTM Sales | 0.5x | 0.9x | 0.9x | |
Upside (Analyst Target) | 36.2% | 30.8% | 23.7% | |
Fair Value Upside | Unlock | 30.1% | 10.8% | Unlock |