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MGM Resorts International is well-positioned in the booming Las Vegas tourism industry. Recent data shows an 11% year-over-year increase in revenue per room, alongside a 2% uptick in convention attendance and a 5% rise in visitors. Despite over half of MGM's business being generated from Las Vegas, there are concerns regarding its regional operations, which face challenges from elevated inflation and interest rates impacting patrons. While one expert expresses a preference for Wynn due to its greater exposure to the Las Vegas market, another highlights MGM's growing sports business and increasing Las Vegas spending as positive factors. Overall, there is a sense of frustration that despite strong fundamentals in the Vegas market, stock performance isn't reflecting this bullish sentiment.
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 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
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.
MGM Resorts International was recommended as a Top Pick by on . Read the latest stock experts ratings for MGM Resorts International.
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.
2 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.
On 2025-04-25, MGM Resorts International (MGM-N) stock closed at a price of $31.67.
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.