MGM: Barry Diller Withdraws Purchase Offer; Shares Attractive
On Sept. 24, Barry Diller's People announced it would not pursue the acquisition of the 73.9% of MGM Resorts it didn't own. Shares declined about 10% intraday.
MGM Resorts International MGM
Bulls Say, Bears Say
Bulls
MGM was awarded the only urban Japanese gaming concession due to its strong experience operating leading resorts in Las Vegas and its successful record of working with partners.
Bears
The majority of cash flow for MGM comes from the Las Vegas region, which has lower regulatory barriers, margins, and ROICs than Macao.
News
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The Cosmopolitan of Las Vegas to Unveil The Corner Store November 9
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MGM Resorts International Announces Third Quarter Earnings Release Date
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MGM Resorts International's Board of Directors Confirms Commitment to Execution of MGM Resorts' Strategy as a Standalone Company
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BetMGM Debuts Comprehensive Slate of Product and Pricing Enhancements for Football Season
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MGM RESORTS ANNOUNCES BLOCKBUSTER ROSTER OF CULINARY ICONS AND BEVERAGE VISIONARIES AT BELLAGIO FOUNTAIN CLUB FOR FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026
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MGM RESORTS & BETMGM COMMIT $300,000 TO RESPONSIBLE GAMING RESEARCH & PARTNERSHIPS
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Jon Hamm and BetMGM Bring Fans Inside the Legends Lounge for New Football Season Campaign
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MGM RESORTS LEADS LAS VEGAS WITH FOUR MICHELIN STARS AS JOËL ROBUCHON AT MGM GRAND EARNS THE SOUTHWEST'S ONLY TWO-STAR DISTINCTION
Articles & Videos
Trading Information
- Previous Close Price
- $30.47
- Day Range
- $29.92–30.64
- 52-Week Range
- $29.19–51.59
- Bid/Ask
- $30.50 / $30.70
- Shares Outstanding
- 251.59M
- Market Cap
- $7.67B
- Volume/Avg
- 4M / 3M
Key Statistics
- Price/Earnings (Normalized)
- 16.54
- Price/Sales
- 0.46
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- Dividend Payment Schedule
- —
- Total Yield
- 10.09%
Company Profile
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 56% of total EBITDAR in 2025. MGM also owns US regional assets, which represented a low 20s share of 2025 EBITDAR (MGM's Macao EBITDAR was 23% of the total in 2025). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
- Sector
- Consumer Cyclical
- Industry
- Resorts & Casinos
- Stock Style Box
- Small Growth
- Total Number of Employees
- 62,000
- Website
- https://www.mgmresorts.com
Competitors
Valuation
|
Metric
|
MGM
|
DKNG
|
WYNN
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.54 | 49.59 | 17.10 |
Price/Book Value | 3.05 | 16.85 | — |
Price/Sales | 0.46 | 1.54 | 1.08 |
Price/Cash Flow | 3.27 | 25.44 | 5.41 |
Price/Earnings
MGM
DKNG
WYNN
Financial Strength
|
Metric
|
MGM
|
DKNG
|
WYNN
|
|---|---|---|---|
Quick Ratio | 1.14 | 0.69 | 0.84 |
Current Ratio | 1.33 | 1.02 | 0.91 |
Interest Coverage | 2.21 | −3.52 | 2.03 |
Quick Ratio
MGM
DKNG
WYNN
Profitability
|
Metric
|
MGM
|
DKNG
|
WYNN
|
|---|---|---|---|
Return on Assets (Normalized) | 2.32% | 1.85% | 3.62% |
Return on Equity (Normalized) | 36.57% | 11.60% | — |
Return on Invested Capital (Normalized) | 3.71% | 4.30% | 8.42% |
Return on Assets
MGM
DKNG
WYNN
Resorts & Casinos Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Las Vegas Sands Corp
LVS
| LOCK|<&pBM!k | LOCK|Kf<Gz | $24B | |||
| Galaxy Entertainment Group Ltd ADR
GXYYY
| — | LOCK|jBZL | $18B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|RtjW | $18B | |||
| Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
| — | LOCK|@jz?N | $12B | |||
| Sands China Ltd ADR
SCHYY
| — | LOCK|%gG>l | $12B | |||
| Wynn Resorts Ltd
WYNN
| LOCK|c#^>>& | LOCK|&Ff# | $8B | |||
| Caesars Entertainment Inc
CZR
| LOCK|L^wqh!^ | LOCK|yZ | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|^q%&p% | LOCK|##! | $2B | |||
| Melco Resorts and Entertainment Ltd ADR
MLCO
| LOCK|%gkJfn^ | LOCK|%g^qY | $2B |
United States