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MGM Resorts International (MGM) News Today

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$31.58 -0.11 (-0.35%)
Closing price 10/17/2025 03:59 PM Eastern
Extended Trading
$31.73 +0.15 (+0.47%)
As of 10/17/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Why Is MGM Resorts International Down Today?

MGM Resorts International (NYSE: MGM) is trading lower after company and market headlines. Investors are parsing a cash-generating divestiture (MGM Northfield Park) that trims ongoing costs and boosts liquidity, mixed signals on growth opportunities (withdrawal from a New York casino bid), and an analyst price-target cut from JPMorgan. Separately, progress toward positive cash flow at BetMGM provides upside if sustained.

  • Positive Sentiment: MGM agreed to sell the operations of MGM Northfield Park to Clairvest for $546 million in cash — a near-term liquidity boost and a ~6.6x trailing adjusted‑EBITDA multiple that frees capital for other priorities. PR Newswire
  • Positive Sentiment: Analysts and reports note the transaction will reduce MGM’s annual rent burden (Zacks cites about $54M in annual rent relief), improving cash flow and lowering fixed obligations. That cost reduction is immediately relevant to investor focus on leverage and free cash flow. Zacks
  • Positive Sentiment: Coverage highlights that BetMGM is moving toward positive cash flow — a structural positive for MGM if the JV’s contribution becomes meaningful and sustainable, reducing the company’s dependence on asset sales. Yahoo Finance
  • Neutral Sentiment: The Clairvest deal is subject to customary purchase‑price adjustments and regulatory approvals with an expected ownership change in 2026 — timing and final proceeds remain subject to close mechanics. GlobeNewswire
  • Negative Sentiment: MGM withdrew its bid for a New York casino license, removing a potential large-market growth opportunity and easing near-term development risk but also forfeiting future revenue upside. MSN
  • Negative Sentiment: JPMorgan trimmed its price target on MGM from $43 to $41 and set a neutral rating, a near-term headwind for sentiment that may weigh on the stock until the company demonstrates stronger cash generation or redeploys proceeds. MarketBeat

Bottom line for investors: the Northfield Park sale improves liquidity and lowers recurring costs (positive), but the missed NY development and a recent analyst downgrade are pressuring sentiment (negative). Watch closing terms, BetMGM cash‑flow traction, and how MGM deploys the $546M proceeds for signs of further upside.

Posted 1+ days agoAI Generated. May Contain Errors.

MGM Latest News

MGM Resorts Sells Ohio Racino to Clairvest for $546M
MGM Northfield Park sold for more than $500M
MGM Resorts selling out-of-state casino for $546M
MGM withdraws bid for New York casino license
Clairvest Agrees to Acquire MGM Northfield Park
How MGM Resorts Stock Could Drop Another 50%
BETMGM Q3 2025 BUSINESS UPDATE AND RAISED FY25 GUIDANCE
MGM boss says Las Vegas’ future is bright
Notice of BetMGM 3Q 2025 Update and Conference Call
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MGM Media Mentions By Week

MGM Media Sentiment

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

MGM
News Sentiment

0.39

0.56

Average
Consumer Discretionary
News Sentiment

MGM News Coverage

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

MGM Articles
This Week

27

15

MGM Articles
Average Week

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This page (NYSE:MGM) was last updated on 10/19/2025 by MarketBeat.com Staff
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