Throughout race weekend, each chef will take the spotlight, personally preparing and serving signature dishes for guests to enjoy with front-row views of the world's fastest cars as the legendary Fountains of Bellagio erupt in the background. "Bellagio Fountain Club has emerged as a singular destination among global live sports venues and has also established itself as one of the world's most extraordinary dining experiences where guests are not only trackside for F1, but tableside with the greatest chefs o ...

Financial Performance - MGM Resorts is expected to report Q2 2025 earnings of $0.55 per share from $4.31 billion in revenue, reflecting an 8% decline in earnings year-over-year and stagnant revenue growth compared to last year's $0.60 per share and $4.33 billion revenue [2] - Over the past twelve months, MGM generated $17 billion in revenue, with operating profits of $1.6 billion and net income of $678 million [3] Market Trends - Historically, MGM stock has declined 70% of the time following earnings announcements, with a median drop of 3.3% and a maximum fall of 13% [2] - Positive one-day post-earnings returns occurred approximately 30% of the time over the last five years, increasing to 33% in the last three years [6] Strategic Focus - MGM is focusing on long-term growth despite short-term challenges, emphasizing organic growth in sports and entertainment, updated pricing strategies, and rigorous cost management [3] - A relatively lower-risk strategy involves identifying correlations between short-term and medium-term returns following earnings to inform trading positions [7] Peer Comparison - The performance of peers can influence MGM's stock reaction post-earnings, with adjustments potentially occurring before the earnings announcements [8]

Core Insights - BetMGM has reported stronger than expected financial performance for 2Q and 1H 2025, leading to an increased outlook for FY25 [1][5][11] - The company attributes its success to effective strategic execution, resulting in significant revenue and EBITDA growth [2][5] Financial Performance - 2Q 2025 net revenue reached $692 million, a 36% increase year-over-year, with EBITDA of $86 million, up $78 million YoY [3][5][6] - 1H 2025 net revenue totaled $1.35 billion, reflecting a 35% YoY growth, and EBITDA was $109 million, an increase of $232 million YoY [5][6] - iGaming revenue for 2Q 2025 was $449 million, up 29% YoY, while Online Sports revenue was $228 million, a 56% increase YoY [3][5][11] Strategic Execution - The company has enhanced player engagement and refined marketing strategies, leading to improved player KPIs and overall engagement [2][5][11] - BetMGM has secured a 14% GGR market share in active markets, with 22% in iGaming and 8% in Online Sports, solidifying its market position [11] Future Outlook - BetMGM has upgraded its FY25 guidance, projecting net revenue of at least $2.7 billion and EBITDA of at least $150 million [5][11] - The company aims to achieve $500 million in EBITDA in the coming years, supported by its strong market position and operational leverage [5][11]

Core Viewpoint - MGM Resorts International is expected to report a decline in both revenues and earnings per share (EPS) for the second quarter of 2025, influenced by softer operational trends and inflationary pressures [1][8]. Estimate Revisions - The Zacks Consensus Estimate for second-quarter EPS has risen to 58 cents from 55 cents, but this reflects a 32.6% decrease from 86 cents in the same quarter last year [2]. - Projected revenues are estimated at nearly $4.3 billion, indicating a slight decline of 0.6% from the previous year's quarter [2]. Factors Influencing Quarterly Results - The decline in MGM's top and bottom lines is attributed to lower casino activity, reduced non-gaming demand, and weaker average daily rates, compounded by ongoing inflation and a tight labor market [3]. - Contributions from casino, rooms, and food and beverage are expected to be lower, with estimates of $2.17 billion, $880 million, and $722 million respectively, compared to $2.21 billion, $899 million, and $802 million from the prior year [4]. Operational Insights - Elevated operating expenses and wage inflation are likely to exert margin pressure, although digital growth, strong Las Vegas operations, and robust group bookings are expected to support performance [5]. - For Las Vegas operations, revenue estimates for casino and rooms are pegged at $500 million and $775 million, respectively, showing growth from $485 million and $767 million in the prior year [6]. - Regional properties are anticipated to generate steady cash flow, with revenue estimates of $702 million and $80 million for casino and rooms, respectively, compared to $684 million and $79 million in the previous year [7]. Earnings Prediction Model - The current model does not predict an earnings beat for MGM Resorts, as the company has an Earnings ESP of -2.80% and a Zacks Rank of 3 (Hold) [9].

Group 1 - MGM Resorts International is experiencing a significant increase of over 40% from the lows during the tariff sell-off, indicating a potential recovery in stock performance [1] - The upcoming Q2 2025 results are critical for the company, as fresh entries into the stock appear challenging [1] - The upside target for MGM Resorts is estimated at approximately $47, suggesting moderate growth potential from current levels [1]

Wall Street expects a year-over-year decline in earnings on lower revenues when MGM Resorts (MGM) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On ...

Core Insights - T-Mobile Arena has launched a new app in collaboration with Everi, enhancing the fan experience with integrated ticketing and event management features [1][2][3] Company Developments - The T-Mobile Arena App allows users to buy and manage tickets, view event schedules, and explore an interactive venue map, while also enabling in-app marketing and promotions [2][3] - This app launch is part of Everi's strategic expansion into sports and entertainment, following its acquisition of Venuetize in 2023 [3] - Everi's BeOn™ Venue platform is utilized in the app, which also supports the Vegas Golden Knights and Gulfstream Park Racing mobile apps [3][4] Industry Context - T-Mobile Arena, a 20,000-seat venue, hosts over 100 events annually, including major sports and entertainment events, and is home to the Vegas Golden Knights [6][7] - The collaboration between Everi and MGM Resorts International signifies a growth in their relationship from gaming and hospitality to sports and entertainment [3][4]

Core Viewpoint - BetMGM LLC, a leading sports betting and iGaming operator, will release its business update for Q2 2025 on July 29, 2025, with a conference call scheduled for the same day [1] Group 1: Company Overview - BetMGM is a market-leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain plc [2] - BetMGM has exclusive access to MGM Resorts' U.S. land-based and online sports betting, major tournament poker, and online gaming businesses [2] - The company was founded in 2018 and is headquartered in New Jersey [2] Group 2: MGM Resorts International - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 unique hotel and gaming destinations [3] - The company operates best-in-class hotels and casinos, offering a wide range of entertainment and dining options [3] - MGM Resorts is pursuing targeted expansion in Asia, specifically through an integrated resort development in Japan [3] Group 3: Entain plc - Entain plc is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector [4] - The group owns a comprehensive portfolio of established brands across sports and gaming [4] - Entain provides the technology and capabilities that power BetMGM, along with exclusive games developed in-house [5]

Group 1 - The MGM Huafu Hotel in Zhuhai, a collaboration between Zhuhai Zhengfang Group and MGM International Hotel Group, has officially opened as the world's first MGM Huafu Hotel [1][5] - The hotel features 147 guest rooms and villas within a vast area of approximately 76,800 square meters, showcasing a blend of Lingnan garden aesthetics and modern architectural design [1][3] - The hotel aims to create an immersive cultural experience by integrating local cultural elements with contemporary Chinese hospitality [10][12] Group 2 - MGM International Hotel Group's China President, Zhou Feng, emphasized that the opening of the Zhuhai MGM Huafu Hotel marks the global debut of the brand, reflecting the group's confidence in the long-term development potential of the Chinese market [5][6] - Zhuhai Zhengfang Group's Chairman, Long Xinwen, highlighted the project's focus on quality and excellence, aiming to enhance the city's landscape and cultural integration [8][10] - The hotel will leverage MGM's international luxury hotel management experience to provide diverse and exceptional experiences for local residents and visitors, while also connecting with other MGM properties in the Greater Bay Area [12]

Core Insights - The signing ceremony between Diaoyutai MGM Hotel Group and Shenzhen TeFa Xiaomeisha marks the entry of MGM's sister brand, MGM Mirage Hotel, into Xiaomeisha, aiming to invigorate the coastal resort area with a dual focus on entertainment and fashion [2][3] Group 1: Company Developments - MGM Mirage Hotel will feature a modern design with approximately 230 luxury rooms, a full-service restaurant, an infinity outdoor heated pool, a stylish spa, and a family-friendly playground [2] - This marks the first establishment of the MGM Mirage brand in Shenzhen, representing a significant milestone in MGM Group's expansion within the Greater Bay Area [2] - The hotel aims to create a unique experience that combines vibrant entertainment with contemporary hospitality, positioning itself as a fashion benchmark and vitality center in the city [2] Group 2: Industry Impact - The opening of Shenzhen MGM Hotel has already enhanced the area's visitor traffic and overall quality, with ongoing upgrades in the Xiaomeisha area expected to be partially completed by 2024 [3] - The introduction of the "dual brand" matrix with the MGM Mirage Hotel is anticipated to further enrich the coastal resort offerings in Xiaomeisha, boosting regional vitality and diverse appeal [3] - This development is expected to contribute to establishing a new cultural, entertainment, and fashion landmark in Shenzhen and the Greater Bay Area [3]