Core Insights - The sports-betting company has raised its full-year earnings guidance due to strong performance in its iGaming and online sports divisions [1] Company Performance - The company reported significant growth in its iGaming and online sports segments, contributing to the overall positive financial outlook [1]

Core Insights - BetMGM's Q3 2025 performance exceeded expectations, continuing strong momentum from H1 2025, driven by effective execution of its strategic plan [2][6][7] - The company has raised its full-year 2025 guidance, anticipating net revenue of at least $2.75 billion and EBITDA of approximately $200 million [6][7] Financial Performance - Q3 2025 net revenue reached $667 million, a 23% increase year-over-year, with iGaming revenue up 21% and online sports revenue up 36% [3][6][7] - Year-to-date net revenue totaled $2.016 billion, with EBITDA for Q3 at $41 million, an increase of $57 million year-over-year [3][6][7] - The average monthly active users increased by 6% year-over-year, reflecting improved player engagement strategies [3][7] Operational Highlights - BetMGM achieved a 15% GGR market share in active markets, with 21% in iGaming and 8% in online sports [7] - The company launched successful marketing campaigns, including the "Make it Legendary" campaign, enhancing brand identity and user experience [7] - Product enhancements led to a 23% increase in handle per active user and a 49% increase in NGR per active user year-over-year [7] Future Outlook - BetMGM expects to distribute at least $200 million to its parent companies, Entain and MGM Resorts, by the end of 2025 [6][7] - The company maintains a minimum unrestricted cash threshold of $100 million while having ample liquidity of over $250 million to support operations [17]

Core Insights - The New York State Gaming Commission is set to select three casino licenses by December 1, with four contenders remaining in the race, each promising significant revenue potential over the next decade [2][11]. Group 1: Contenders for Casino Licenses - The two existing racinos, Resorts World New York in Queens and MGM's Empire City in Yonkers, have a competitive advantage due to their established operations and contributions to state revenue [2][3]. - Bally's Corporation is proposing a $4 billion investment for a casino in the Bronx, which includes a 250-foot-tall casino with 3,500 slots and 250 table games, projected to generate over $1 billion in gambling revenue annually [12][13]. - Metropolitan Park, backed by billionaire Steve Cohen and Hard Rock International, proposes an $8.1 billion development next to Citi Field, featuring a casino, hotel, and entertainment venues, with projected annual revenues of $3.9 billion [19][21]. Group 2: Industry Dynamics - The gaming industry sees New York as a significant opportunity due to its large, affluent population, making it a highly competitive market for casino operators [5][6]. - The New York State Gaming Commission has emphasized that no proposals have an advantage, and the decision will be based on operational ability and integrity [4][5]. - The failure of previous proposals, such as Caesars Palace in Times Square and Freedom Plaza near the UN, highlights the challenges of gaining community support for casino projects in New York City [8][9][10].

Company Overview - MGM Resorts International has a market cap of $8.8 billion and operates iconic resorts including Bellagio, MGM Grand, Mandalay Bay, and The Mirage, through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital [1] Q3 2025 Earnings Expectations - The company is expected to announce its Q3 2025 results on October 29, with analysts predicting an adjusted EPS of $0.42, a decrease of 22.2% from $0.54 in the same quarter last year [2] - MGM Resorts has exceeded Wall Street's earnings estimates in three of the last four quarters, missing on one occasion [2] Fiscal 2025 and 2026 Projections - For fiscal 2025, analysts anticipate an adjusted EPS of $2.43, down 6.2% from $2.59 in fiscal 2024, but expect a year-over-year growth of 14.8% to $2.79 in fiscal 2026 [3] Stock Performance - MGM Resorts shares have declined by 18.4% over the past 52 weeks, underperforming the S&P 500 Index's gain of 16.8% and the Consumer Discretionary Select Sector SPDR Fund's increase of 19.2% [4] Recent Earnings Report - In Q2 2025, MGM reported an adjusted EPS of $0.79 and revenue of $4.4 billion, but shares fell 3.8% the following day despite beating estimates [5] - Adjusted EPS decreased from $0.86 a year earlier, with Las Vegas Strip revenues dropping 4% to $2.11 billion and EBITDAR down 9% due to room remodel disruptions and lower table games hold [5] - MGM Digital experienced a larger EBITDAR loss of $25.7 million, raising concerns among analysts [5] Analyst Ratings - The consensus view on MGM stock is cautiously optimistic, with a "Moderate Buy" rating from 20 analysts: 11 recommend "Strong Buy," 8 suggest "Hold," and 1 advises "Strong Sell" [6] - The average analyst price target for MGM Resorts is $47.20, indicating a potential upside of 46.4% from current levels [6]

Core Insights - MGM Resorts International is enhancing the Las Vegas Grand Prix experience with various fan zones, culinary collaborations, and celebrity appearances from November 20-22 [1][2] Fan Zones & Racing Action - The MGM Zone will feature fan zones hosted by Mercedes, Williams Racing, and MoneyGram Haas, providing immersive experiences for guests [1] - The Atlassian Williams Racing Fan Zone will include interactive experiences and appearances from drivers, open from November 17-22 [6] - The MoneyGram Haas F1® Team experience will allow fans to meet drivers and view a race car, available 24 hours from November 18-23 [6] Food & Beverage - Cavallino at Bellagio will offer Italian cuisine with a prix fixe menu from November 19-22, featuring signature dishes [5][7] - The Shoey Bar at Bellagio will return with unique cocktails and celebrity bartenders from November 20-22 [6] - Various restaurants will host special events, including a $195 four-course menu with celebrity chef Brooke Williamson and a wine tasting event priced at $250 per person [10] Fashion Pop-Ups - Ferrari will have a pop-up boutique at Bellagio featuring exclusive fashion items from October 15 to December 31 [9] - Marchesa will debut an exclusive trunk show at Bellagio from November 17-23, showcasing couture designs [13] - AllSaints will create a high-energy pitstop experience at The Cosmopolitan, featuring a race car simulator and limited-edition merchandise [13] Art Experiences - The Cosmopolitan will host a digital art experience showcasing F1-themed works from November 18-23 [11] - Live art by internationally renowned artist Armin Flossdorf will take place throughout the week, creating race-themed works [13] - Curated art helmets by Las Vegas artists will be displayed, blending Formula 1 speed with artistic expression from November 18-23 [13]

Group 1 - MGM Resorts International operates casino resorts and provides gaming, hotels, dining, entertainment, and retail experiences [2] - The company also offers online sports betting and iGaming services [2] Group 2 - Jim Cramer expressed a lack of enthusiasm for MGM stock, suggesting that investors might find better opportunities in WYNN, which is currently down due to weak Golden Week data [1] - Cramer believes WYNN is a high-quality company that is likely to rebound, indicating a potential investment opportunity [1]

Core Insights - BetMGM LLC, a leading sports betting and iGaming operator in North America, will release a business update for the third quarter of 2025 on October 14, 2025 [1] - The update will be followed by a conference call hosted by BetMGM management at 9:00am ET [1] Company Overview - BetMGM is a joint venture between MGM Resorts International and Entain plc, providing exclusive access to MGM Resorts' U.S. land-based and online sports betting and gaming businesses [3] - The company utilizes Entain's advanced technology to offer sports betting and online gaming through brands like BetMGM, Borgata Casino, Party Casino, and Party Poker [3] - Founded in 2018 and headquartered in New Jersey, BetMGM is recognized as a market leader in the online gaming industry [3] MGM Resorts International - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [4] - The company is focused on creating immersive experiences and is pursuing expansion in Asia, particularly through a resort development in Japan [4] - MGM Resorts is committed to sustainability and has been recognized as one of FORTUNE® Magazine's World's Most Admired Companies® [4] Entain plc - Entain plc is a FTSE100 company and one of the largest sports betting and gaming groups globally, operating both online and in retail [5] - The group owns a diverse portfolio of brands across sports and gaming, including BetCity, bwin, and Gala [5] - Entain provides proprietary technology and services to third-party customers, enhancing its B2C and B2B operations [6]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MGM Resorts (MGM) . This company, which is in the Zacks Gaming industry, shows potential for another earnings beat.When looking at the last two reports, this casino and resort operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 37.10%, on average, in the last two quarters ...

Core Insights - MGM Resorts International has experienced a strong Q2 2025, meeting several operational criteria for rerating [1] Financial Performance - The company reported significant operational improvements in Q2 2025, indicating a positive trend in financial performance [1] Analyst Background - The analysis is conducted by a seasoned stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1]

Group 1 - MGM Resorts International reported a strong Q2 2025, meeting several operational criteria for rerating [1] - The company has a focus on equity valuation, market trends, and portfolio optimization to identify high-growth investment opportunities [1] - The research approach combines rigorous risk management with a long-term perspective on value creation, emphasizing macroeconomic trends and corporate earnings [1]