MGM Resorts International·Consumer Cyclical

MGM Resorts International was upgraded to Overweight by JPMorgan, which outlined stabilizing trends in Las Vegas. Data from early 2026 indeed shows an improvement in Las Vegas tourism trends. I believe that the improvement should be extrapolated cautiously. MGM's other segments have grown well, but with weakening profitability.

Shares of MGM Resorts International (MGM) surged on Wednesday after multiple Wall Street firms upgraded the casino operator. Analysts cited growing confidence that visitors and consumers are returning to the Las Vegas Strip following a prolonged period of weaker demand trends.

A sharp drop in energy costs provided a massive tailwind for consumer-focused equities on Wednesday afternoon, driving MGM Resorts International (NYSE:MGM) sharply higher. Here's what investors need to know.

Tickets now on sale for first-of-its-kind food and beverage event, boasting a diverse series of activations spanning over 30 iconic MGM Resorts venues LAS VEGAS, May 20, 2026 /PRNewswire/ -- Set to debut September 24–27, the inaugural Drink Las Vegas unveiled today its first wave of star-powered programming, bringing an unprecedented assembly of world-class culinary and beverage talent to the Las Vegas Strip. Hosted by MGM Resorts International and produced by a21, an acclaimed experiential event agency, this four-day spectacle will bring together industry icons, global tastemakers, and landmark talent across more than 30 venues.

The Nevada Gaming Commission sued the company over its sports event contracts, and the platform was briefly barred from operating in the state earlier this year, according to Barron's.

On May 11, 2026, MGM Resorts International (MGM) shares fell 3.8% to a current price of $37.30. The stock has experienced a 52-week high of $40.94 and a low of
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. 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.
Consumer Cyclical
Gambling, Resorts & Casinos
78,000
1988-05-02
1.28