MGM Resorts International (MGM-N)
NYSE:MGM
32.53
0.16
(0.49%) 1d
Financials
Technical Analysis
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Stocks climb amid earnings, tariffs and inflationWeak economic data sinks stocksMarkets rebound, crypto climbsThis summary was created by AI, based on 2 opinions in the last 12 months.
MGM Resorts International is experiencing a notable boom in its Las Vegas business, highlighted by an 11% increase in revenue per room and a 5% uptick in visitors year-over-year. Despite strong performance metrics in Las Vegas, which accounts for over half of MGM's revenue, some experts express concerns about the company's regional business, citing struggles due to rising inflation and interest rates. While one expert favors MGM for its growth in the Las Vegas market and its expanding sports business, he still leans towards Wynn for its more significant reliance on Las Vegas. Overall, there is a sentiment that the current stock prices for Las Vegas casinos are not reflective of the ongoing boom, indicating potential mispricing in the market. The anticipated positive performance of Wynn’s Macau business adds to the contrasting opinions on MGM's stock potential.
Their sports business has grown nicely and Las Vegas spending is picking up. Likes it.
He owns Wynn. Despite beating earnings today, MGM shares are down. The report was fairly positive, like Macau and the Superbowl. MGM has a big online sports betting book. Doesn't understand the selling.
Doesn't like casino-resorts; never believed in their balance sheets. Yes, he's wrong in the face of the strong share moves, but he still won't buy them.
Up nearly 50% YTD. He's thinking of trimming his holding, and may look at Wynn Resorts for having more exposure to Macau. MGM is building their presence there, though, and Bet MGM is a good catalyst. This has run a lot this year.
Likes their blend of casinos and sports betting. They had little exposure to Macau, which has opened now. MGM still has some tailwind, but he's reviewing in going in the second half of 2023, because the consumer will slow down.
Like Wynne, the chart has made a golden cross in October, a definite bullish sign. The casino stocks indicate what the markets will be like in 6 months. When we revert to normal, tourism will bounce back and gambling with have a huge year. The country is stir crazy and desperately wants a vacation, which will happen in the second half of 2021. This is more of a vaccine play vs. its peers like Wynne.
MGM Resorts International(MGM-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
MGM Resorts International(MGM-N) Frequently Asked Questions
What is MGM Resorts International stock symbol?
MGM Resorts International is a American stock, trading under the symbol MGM-N on the New York Stock Exchange (MGM). It is usually referred to as NYSE:MGM or MGM-N
Is MGM Resorts International a buy or a sell?
In the last year, 2 stock analysts published opinions about MGM-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MGM Resorts International.
Is MGM Resorts International a good investment or a top pick?
MGM Resorts International was recommended as a Top Pick by on . Read the latest stock experts ratings for MGM Resorts International.
Why is MGM Resorts International stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is MGM Resorts International worth watching?
2 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.
What is MGM Resorts International stock price?
On 2025-03-20, MGM Resorts International (MGM-N) stock closed at a price of $32.53.
Vegas tourism is white hot. Revenue per room was up 11% in May YOY, convention attendance up 2%, and visitors up 5%. MGM has over half its business from Vegas. But he doesn't like MGM's regional business and those patrons are struggling from higher inflation and interest rates. He Likes MGM, but prefers Wynne because it has more Vegas exposure. But Vegas' boom isn't pushing up Vegas stocks, which is frustrating. Frankly, the market is getting it wrong. When Wynne reports, their strong Macau business will shine.