MGM Resorts International (MGM) News Today

MGM Resorts International (NYSE: MGM) shares increased as investors weighed a disappointing Las Vegas quarter against strong results in Macau and continued growth in digital gaming. The stock recently traded near its 52-week low, reflecting concerns about weaker domestic casino fundamentals.

• Positive Sentiment: MGM China delivered record results. Revenue and adjusted EBITDA reached third-quarter records, while market share rose to a historic 17.1%. Macau’s improving tourism trends and MGM China’s 5% sales growth provided an important offset to weakness in Las Vegas. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: BetMGM and selected operating metrics remained healthy. BetMGM’s third-quarter net revenue increased 7%, and Las Vegas slot win reached a new resort record. Regional operations revenue also increased 1% on a same-store basis, while BetMGM distributions and branding fees contributed $34 million to MGM Resorts. MGM Resorts: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analysts still see substantial potential upside. JPMorgan, Truist and Stifel lowered their price targets following the results, but JPMorgan retained an overweight rating and Truist maintained a buy rating. Their revised targets remain well above the recent trading level. JPMorgan MGM Analyst Rating
• Neutral Sentiment: Takeover-related speculation has faded. MGM’s CEO said the company is no longer pursuing deal discussions with People Inc. An amended voting agreement gives the major shareholder greater flexibility regarding a potential third-party change of control, but no transaction is pending. MGM Ends Deal Talks With People Inc.
• Negative Sentiment: Third-quarter earnings missed expectations. MGM reported a loss of $0.11 per share versus expectations for a profit, while revenue of $4.21 billion was roughly flat year over year and below some estimates. Las Vegas revenue and earnings declined as lower room rates weighed on results, prompting the stock’s move toward a new 52-week low. MGM Q3 Earnings Miss Estimates