Latest news with #MGMResorts
Forbes
a day ago
- Business
- Forbes
How Will MGM Stock React To Its Upcoming Earnings?
The lobby and giant aquarium in new MGM casino and hotel, Macau, China. (Photo by: Bob ... More Henry/UCG/Universal Images Group via Getty Images) MGM Resorts stock (NYSE: MGM) is set to announce its financial results for the second quarter on Wednesday, July 30, 2025, with analysts projecting earnings of $0.55 per share from $4.31 billion in revenue. This indicates a decline of 8% in earnings year-over-year and stagnant revenue growth, compared to last year's earnings of $0.60 per share and revenue of $4.33 billion for the same quarter. Historically, the stock has shown a decline 70% of the time in the aftermath of earnings announcements, with a median drop of 3.3% over a single day and a maximum fall of 13%. In spite of short-term challenges, such as macroeconomic factors and tariff issues, MGM is committed to achieving long-term growth. The company is emphasizing organic growth in the sports and entertainment sectors, bolstered by updated pricing strategies and rigorous cost management. MGM currently boasts a market capitalization of $11 billion. Over the past twelve months, the company generated revenue of $17 billion and achieved operational profitability, with operating profits of $1.6 billion and net income of $678 million. For traders focused on events, historical trends and discrepancies between actual results and market expectations may provide valuable insights prior to the earnings announcement. There are two approaches to achieve this: understand historical probabilities and place your positions before the earnings announcement, or examine the correlation between immediate and median-term returns following the earnings report and adjust your positions accordingly afterward. If you are looking for upside potential with lower volatility than individual equities, the Trefis High Quality portfolio offers an alternative, as it has outperformed the S&P 500, achieving returns of over 91% since its inception. See earnings reaction history of all stocks. MGM Resorts' Historical Odds Of Positive Post-Earnings Return Here are some insights regarding one-day (1D) post-earnings returns: Additional information regarding observed 5-Day (5D) and 21-Day (21D) returns following earnings is compiled with the statistics in the table below. MGM 1D, 5D, and 21D Post Earnings Return Correlation Between 1D, 5D, and 21D Historical Returns A relatively lower-risk strategy (though not beneficial if the correlation is weak) is to identify the correlation between short-term and medium-term returns following earnings, locate the pair with the highest correlation, and execute the corresponding trade. For instance, if 1D and 5D exhibit the highest correlation, a trader can position themselves as 'long' for the next 5 days if the 1D post-earnings return is positive. Below is some correlation data based on 5-year and 3-year (more recent) historical data. Note that the correlation 1D_5D relates to the correlation between 1D post-earnings returns and the resulting 5D returns. MGM Correlation Between 1D, 5D, and 21D Historical Returns Is There Any Correlation With Peer Earnings? At times, the performance of peers can impact the stock's reaction after earnings are released. In fact, the pricing might start adjusting even before the earnings announcements. Below is some historical performance data comparing MGM Resorts International's stock performance following its earnings announcement with that of its peers who reported earnings shortly before MGM Resorts International. For a fair comparison, peer stock returns also reflect one-day (1D) post-earnings returns. MGM Correlation With Peer Earnings Discover more about the Trefis RV strategy which has outperformed its all-cap stocks benchmark (combining all three: the S&P 500, S&P mid-cap, and Russell 2000), providing substantial returns for investors.
Yahoo
a day ago
- Business
- Yahoo
Casino Gambling Market Forecast and Company Analysis Report 2025-2033 Featuring Las Vegas Sands, MGM, Caesars, SJM, Wynn Resorts, Galaxy Entertainment, Hard Rock, Palms Casino Resort, and Boyd Gaming
The global casino gambling market is projected to surge from USD 251.33 billion in 2024 to USD 425.34 billion by 2033, registering a CAGR of 6.02%. Key growth drivers include legalization, technological innovations like mobile and online platforms, and rising disposable incomes. The sector is bolstered by regulatory frameworks enhancing safety and facilitating expansion, as well as the acceptance of digital currencies. With notable investments from industry giants such as MGM Resorts and evolving markets in the U.S., UK, India, and UAE, the landscape is set for significant evolution. Gaming venues now offer an array of experiences beyond gambling, catering to a diverse audience. Casino Gambling Market Dublin, July 29, 2025 (GLOBE NEWSWIRE) -- The "Casino Gambling Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to Casino Gambling Market is expected to reach US$ 425.34 billion by 2033 from US$ 251.33 billion in 2024, with a CAGR of 6.02% from 2025 to 2033. Legalization, digital innovation, travel, growing disposable incomes, mobile platforms, and a broader acceptance of gambling as entertainment worldwide are the main factors propelling the expansion of the casino gaming sector. Over the past ten years, the worldwide casino gambling sector has grown significantly due to a number of causes, including rising internet gaming platforms, growing tourism, and rising consumer disposable incomes. Conventional physical casinos continue to be important venues for both high-stakes and recreational gambling, especially in areas like Las Vegas, Macau, and Monte Carlo. To increase their appeal beyond gaming alone, these institutions have expanded their amenities to include great cuisine, entertainment, and opulent lodging. Technological developments have also been crucial, as seen by the incorporation of mobile gaming platforms and internet casinos, which have made gambling easier and more continued legalization of casino gambling in a number of nations and areas has supported industry growth even further, with new prospects for operators being made available by jurisdictions including the US, Europe, and portions of Asia. Government initiatives to tax and regulate the sector are driving this trend, making money while guaranteeing player safety and responsible gambling. Furthermore, the industry is starting to be impacted by the emergence of digital currencies and blockchain technology, which provide creative payment options and improve transparency. The worldwide casino gambling business is expected to grow further as consumer tastes and technological advancements continue to make it a more alluring industry for stakeholders and May 2023, MGM Resorts International said that LeoVegas, its fully owned subsidiary, will acquire the majority of game developer Push Gaming Holding Limited and its affiliates. Leo Vegas has made its first sizable investment since joining MGM Resorts a year ago. It is anticipated that Push Gaming's proprietary technology, intellectual property, and development experience will support LeoVegas' growth goals and enhance its capacity for content production. Likewise, Tropicana Online Casino in New Jersey will reopen in April 2023, according to Caesars Entertainment, Inc. More features, such as a variety of the best casino games in the business and enhanced connectivity with Caesars Rewards, the top reward program in the business, are offered to customers of the new iCasino app and online casino Drivers for the Casino Gambling Market Legalization and RegulationOne of the main factors propelling the worldwide market's expansion is the growing legalization and regulation of casino gaming. Market access increases as more areas, particularly in the US and certain parts of Europe, legalize gambling, drawing in new operators and customers. Legalization gives governments the chance to control and tax the sector, protecting players and encouraging safe gaming habits. For instance, the Supreme Court's 2018 ruling to allow sports betting at the state level in the United States gave casinos access to new sources of income. The global casino gambling business is also developing as more nations enact regulatory frameworks, which makes the environment safer for operators and players while promoting market Acceptance and Cultural ShiftsCultural changes and social acceptability are major factors in the expansion of the casino gaming industry. Once mostly considered a vice, gambling is now more widely accepted as a kind of enjoyment. More people are ready to gamble when attitudes about it change since it offers entertainment value in addition to the possibility of financial gain. Younger generations, who see gambling as a social activity that is frequently combined with dining, entertainment, or other leisure activities, are most affected by this cultural shift. A wider customer base has resulted from the increased acceptability, which has helped both physical and virtual casinos thrive. Operators are accessing a larger audience as gambling becomes more socially acceptable, which is propelling industry Payment MethodsThe simplicity of participating in casino gaming is being greatly improved by the development of cutting-edge payment methods like digital currencies and safe online payment systems. Tech-savvy gamblers who want privacy and reduced transaction costs are drawn to cryptocurrencies like Bitcoin and Ethereum because they provide quick, safe, and anonymous transactions. Additionally, online gambling is made easier, particularly on mobile devices, by the integration of mobile payment alternatives, e-wallets, and secure payment gateways. These strategies appeal to a worldwide audience by streamlining the procedure for participants and lowering obstacles associated with conventional banking systems. The development of payment technology further promotes involvement, expanding the clientele and propelling expansion in both physical and virtual in the Casino Gambling Market Addiction and Responsible GamblingWith the potential to hurt both people and the industry's reputation, gambling addiction is a serious problem in the casino gaming sector. Operators must use responsible gambling procedures since the danger of addiction increases with the number of participants. This entails providing resources including counseling services, betting limitations, and self-exclusion programs. Government supervision and efficient regulation are also necessary to guarantee that casinos follow these responsible gaming policies. Ignoring addiction problems can result in negative public opinion, legal troubles, and harm to one's reputation. Prioritizing addiction prevention and encouraging responsible gaming must continue to be a top priority if the business is to prosper from Online GamblingTraditional brick-and-mortar casinos face a serious challenge from the growth of online and mobile gaming services. Many customers are turning to online platforms that provide a large selection of games, bonuses, and round-the-clock access since they are convenient for gambling at home or on the road. Competition is become fiercer as a result of this change, particularly among younger and tech-savvy audiences. Conventional casinos run the danger of losing market share if they don't innovate or change to fit the digital era. Many physical casinos are implementing internet elements, such mobile-friendly platforms or virtual casinos, to remain competitive. However, in order to keep clients and remain relevant in the changing industry, online gambling competition need constant modification in terms of user experience, technology, and marketing methods. Key Players Analyzed: Overview, Key Persons, Recent Developments, Revenue Las Vegas Sands MGM Resorts International Caesars Entertainment SJM Holdings Wynn Resorts Galaxy Entertainment Hard Rock International Palms Casino Resort Boyd Gaming Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $251.33 Billion Forecasted Market Value (USD) by 2033 $425.34 Billion Compound Annual Growth Rate 6.0% Regions Covered Global Key Topics Covered: 1. Introduction2. Research & Methodology2.1 Data Source2.1.1 Primary Sources2.1.2 Secondary Sources2.2 Research Approach2.2.1 Top-Down Approach2.2.2 Bottom-Up Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Global Casino Gambling Market5.1 Historical Market Trends5.2 Market Forecast6. Market Share Analysis6.1 By Player Type6.2 By Game Type6.3 By Gaming Location6.4 By Payment Method6.5 By Countries7. Player Type7.1 Recreational Gamblers7.2 Professional Gamblers7.3 High Rollers7.4 Casual Gamblers8. Game Type8.1 Table Games8.2 Slot Machines8.3 Electronic Gaming Machines (EGMs)8.4 Sports Betting9. Gaming Location9.1 Land-based Casinos9.2 Online Casinos9.3 Virtual Reality Casinos10. Payment Method10.1 Cash10.2 Credit/Debit Cards10.3 E-Wallets10.4 Cryptocurrency11. Countries11.1 North America11.1.1 United States11.1.2 Canada11.2 Europe11.2.1 France11.2.2 Germany11.2.3 Italy11.2.4 Spain11.2.5 United Kingdom11.2.6 Belgium11.2.7 Netherlands11.2.8 Turkey11.3 Asia-Pacific11.3.1 China11.3.2 Japan11.3.3 India11.3.4 Australia11.3.5 South Korea11.3.6 Thailand11.3.7 Malaysia11.3.8 Indonesia11.3.9 New Zealand11.4 Latin America11.4.1 Brazil11.4.2 Mexico11.4.3 Argentina11.5 Middle East & Africa11.5.1 South Africa11.5.2 Saudi Arabia11.5.3 United Arab Emirates12. Porter's Five Forces Analysis12.1 Bargaining Power of Buyers12.2 Bargaining Power of Suppliers12.3 Degree of Competition12.4 Threat of New Entrants12.5 Threat of Substitutes13. SWOT Analysis13.1 Strength13.2 Weakness13.3 Opportunity13.4 Threats14. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Casino Gambling Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
BetMGM raises 2025 forecast on strong iGaming, sports betting growth
(Reuters) -U.S. sports-betting service BetMGM, a joint venture between Entain and MGM Resorts, has raised its full-year 2025 revenue and core earnings forecast after posting a 35% rise in first-half revenue, helped by strong demand in online sports betting and its iGaming division. Growth in player volumes and engagement helped lift iGaming revenue by 28% in the first half, Entain said. Founded in 2018, BetMGM has been expanding its digital footprint to tap into the fast-growing U.S. e-betting market amid stiff competition. BetMGM now expects revenue of at least $2.7 billion and core earnings of at least $150 million in fiscal year 2025, Entain said. It had earlier forecast revenue of at least $2.6 billion, and earnings before interest, taxes, depreciation, and amortization of at least $100 million. Sign in to access your portfolio
Reuters
a day ago
- Business
- Reuters
BetMGM raises 2025 forecast on strong iGaming, sports betting growth
July 29 (Reuters) - U.S. sports-betting service BetMGM, a joint venture between Entain (ENT.L), opens new tab and MGM Resorts (MGM.N), opens new tab, has raised its full-year 2025 revenue and core earnings forecast after posting a 35% rise in first-half revenue, helped by strong demand in online sports betting and its iGaming division. Growth in player volumes and engagement helped lift iGaming revenue by 28% in the first half, Entain said. Founded in 2018, BetMGM has been expanding its digital footprint to tap into the fast-growing U.S. e-betting market amid stiff competition. BetMGM now expects revenue of at least $2.7 billion and core earnings of at least $150 million in fiscal year 2025, Entain said. It had earlier forecast revenue of at least $2.6 billion, and earnings before interest, taxes, depreciation, and amortization of at least $100 million.
Yahoo
6 days ago
- Business
- Yahoo
Market Begins to Favor MGM Resorts International (MGM) Due to Continued Strong Performance
Longleaf Partners, managed by Southeastern Asset Management, released its 'Partners Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 5.33% in the second quarter, compared to the S&P 500's 10.94% return and the Russell 1000 Value's 3.79% return. The firm's stock price performance was volatile, but its confidence in future returns grew as the quarter progressed. Since markets have recovered and portfolio holdings remain high-quality and discounted, the firm believes maintaining its current cautious stance, as reflected in the recent strong results during turbulent times, is prudent, despite not fully matching recent market highs. For more information on the fund's best picks in 2025, please check its top five holdings. In its second quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as MGM Resorts International (NYSE:MGM). MGM Resorts International (NYSE:MGM) is a gaming and entertainment company that owns and operates casino, hotel, and entertainment resorts. The one-month return of MGM Resorts International (NYSE:MGM) was 13.44%, and its shares lost 7.50% of their value over the last 52 weeks. On July 23, 2025, MGM Resorts International (NYSE:MGM) stock closed at $38.33 per share, with a market capitalization of $10.431 billion. Longleaf Partners Fund stated the following regarding MGM Resorts International (NYSE:MGM) in its second quarter 2025 investor letter: "MGM Resorts International (NYSE:MGM) – Hospitality and gaming company MGM Resorts was a contributor. The company continues to report strong quarterly results. This was recognized by the market this quarter, compared to other quarters when results went unappreciated. MGM is also one of our larger share repurchasers in the portfolio, with further simplification and value realization anticipated. We are confident that recession fears are overstated by the market as it overweights the anomaly of the 2008 financial crisis, especially considering MGM is in a better financial position today." Aerial shot of an entertainment resort, its buildings and gaming amenities sprawling along the seafront. MGM Resorts International (NYSE:MGM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held MGM Resorts International (NYSE:MGM) at the end of the first quarter, which was 47 in the previous quarter. While we acknowledge the potential of MGM Resorts International (NYSE:MGM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered MGM Resorts International (NYSE:MGM) and shared the list of best S&P 500 stocks with huge upside potential. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
