MGM RESORTS INTERNATIONAL (MGM) Stock Rating & Analysis

MGM Resorts is the largest resort operator on the Las Vegas Strip, with 37,000 guest rooms and suites, about one-fourth of the market. Its Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio, and the Strip contributed about 56% of total EBITDAR in 2025. It also owns US regional assets (a low-20s share of 2025 EBITDAR), while its Macao operations were 23% of 2025 EBITDAR; its US sports and i-gaming operations are a high-single-digit percentage of total revenue.