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.
Digital Gaming Surge | Explore BetMGM's impressive growth, capturing 23% of the iGaming market share and positioning itself as the third-largest U.S. sportsbook, despite app performance challenges. |
Expansion Ambitions | Delve into MGM's $2.7 billion capital expenditure plans, including projects in Japan and New York, balancing future growth potential with near-term financial pressures. |
Market Headwinds | Learn how MGM navigates a slowdown in Las Vegas, focusing on high-end clientele and non-gaming offerings to maintain profitability amid changing market dynamics. |
Financial Outlook | Analysts project EBITDAR estimates of $4,611M for 2025 and $4,787M for 2026, with an average price target range of $38.91 to $50.00, reflecting mixed views on MGM's prospects. |
Metrics to compare | MGM | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipMGMPeersSector | |
|---|---|---|---|---|
P/E Ratio | 139.1x | 15.0x | 11.1x | |
PEG Ratio | −1.49 | 0.22 | 0.02 | |
Price/Book | 3.5x | −0.4x | 1.4x | |
Price / LTM Sales | 0.5x | 0.8x | 1.0x | |
Upside (Analyst Target) | 23.9% | 40.2% | 23.0% | |
Fair Value Upside | Unlock | 27.8% | 9.9% | Unlock |