MGM Resorts International (MGM) News Today

MGM Resorts International (NYSE: MGM) shares have weakened as investors weigh strong Las Vegas and digital trends against lower year-over-year earnings and pressure in China and regional operations. The mixed quarterly results also produced differing comparisons with analyst estimates, depending on the consensus source.

• Positive Sentiment: HSBC upgraded MGM Resorts International to “strong buy,” providing a fresh bullish signal for the casino operator. Zacks.com
• Positive Sentiment: MGM reported record second-quarter consolidated revenue of approximately $4.45 billion, with Las Vegas Strip revenue rising 3% to $2.2 billion. Regional operations posted record same-store quarterly revenue, while MGM Digital revenue increased 20% year over year. MGM Resorts second-quarter results
• Positive Sentiment: Management described continued growth momentum, supported by Las Vegas demand, iGaming strength and potential value from MGM’s digital business, share repurchases and scarce casino assets. MGM Resorts earnings call highlights
• Neutral Sentiment: Susquehanna raised its price target to $53 from $52 while maintaining a positive rating, suggesting additional upside but not a major change in its investment view. Susquehanna price target update
• Negative Sentiment: Adjusted quarterly earnings of $0.59 per share were below at least one consensus estimate of $0.63 and declined from $0.79 a year earlier. Analysts cited China-related weakness and regional margin pressure as offsets to Las Vegas and digital growth. MGM Resorts second-quarter earnings analysis