Core Viewpoint - MGM Resorts International is expected to report a decline in earnings and revenues for the first quarter of 2025, with various factors influencing its performance, including strong domestic demand and macroeconomic challenges [1][2][6]. Financial Performance Estimates - The Zacks Consensus Estimate for first-quarter earnings per share (EPS) is 50 cents, reflecting a 32.4% decrease from 74 cents in the same quarter last year [1]. - The consensus revenue estimate is approximately $4.27 billion, indicating a 2.5% decline from the previous year's figure [2]. Factors Influencing Performance - MGM's first-quarter performance is anticipated to benefit from robust domestic demand trends, strong Las Vegas operations, strategic convention bookings, and growth in digital platforms like BetMGM [3]. - Event-driven demand around the Super Bowl and January conventions is expected to have positively impacted performance, with Las Vegas operations' Average Daily Rates projected to grow in the mid-single digits, supported by record January occupancy levels of 94% [4]. Regional Operations and Bookings - The strong group bookings pipeline, enhanced by collaboration with Marriott and improvements to the Mandalay Bay Convention Center, is likely to support performance [5]. - The Zacks Consensus Estimate for first-quarter revenues from regional operations rooms is $67 million, slightly up from $66 million reported in the prior-year quarter [5]. Challenges and Headwinds - Persistent macroeconomic challenges, including inflation, competitive labor markets, and foreign currency fluctuations, are expected to negatively impact performance [6]. - Soft contributions from casino, rooms, and food and beverage sectors are anticipated, with estimated revenues of $2.2 billion, $937 million, and $740 million respectively, compared to higher figures in the prior-year quarter [7]. Cost Pressures - Elevated pre-opening costs related to MGM Grand hotel renovations and international expansion, particularly in Brazil, are likely to exert margin pressure [8]. - First-quarter EBITDAR growth in Las Vegas may be affected by an estimated $65 million year-over-year Super Bowl headwind and temporary room disruptions from renovation projects [8]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for MGM Resorts, as it lacks a positive Earnings ESP and holds a Zacks Rank of 4 (Sell) [9][10].

Core Insights - BetMGM has reported a strong start to 2025, with confidence in achieving positive EBITDA for the full year, supported by solid underlying activity trends and successful execution of its strategic plan [2][6][10] Financial Performance - In Q1 2025, BetMGM's total net revenue reached $657 million, a 34% increase year-over-year, driven by significant growth in both iGaming and Online Sports [4][7] - iGaming revenue was $443 million, up 27% year-over-year, while Online Sports revenue surged to $194 million, reflecting a 68% increase [4][6] - The handle for Online Sports increased by 29% year-over-year, reaching $4,088 million [4][7] - EBITDA for Q1 2025 was $22 million, a substantial improvement of $154 million compared to the same quarter in the previous year [4][7] Operational Highlights - BetMGM's average monthly active users increased by 6% year-over-year to 1,067 thousand, indicating strong player engagement [4][7] - The company achieved a 110 basis points improvement in net gaming revenue (NGR) margin year-over-year [4][10] - Active player days rose by 39% year-over-year, driven by unique content across real-money and free-to-play games [10] Strategic Outlook - BetMGM reaffirms its expectations for FY 2025 to be EBITDA positive, with net revenue guidance set between $2.4 billion and $2.5 billion [10] - The company anticipates Online Sports to be contribution positive for FY 2025 and aims for $500 million EBITDA in the coming years [10]

Company Overview - BetMGM is a leading sports betting and iGaming operator in the U.S., co-owned by MGM Resorts International and Entain plc [1][3] - MGM Resorts operates 31 hotel and gaming destinations globally and is recognized as one of FORTUNE® Magazine's World's Most Admired Companies [4] - Entain plc is a FTSE100 company and one of the largest sports betting and gaming groups worldwide, with a diverse portfolio of brands [5][6] Upcoming Events - BetMGM will release its business update for Q1 2025 on April 28, 2025, at 7:00am ET [1] - A conference call with Q&A will follow at 9:00am ET on the same day [2] - Entain and MGM Resorts will also release their Q1 2025 results on April 29 and April 30, respectively [2] Technology and Operations - BetMGM utilizes Entain's U.S.-licensed technology to offer sports betting and online gaming through various brands [3][6] - Entain provides exclusive games and products developed in-house for BetMGM [6] Market Position - BetMGM has exclusive access to MGM Resorts' U.S. land-based and online sports betting and gaming businesses [3] - The company is positioned as a market leader in the online gaming industry [3]

Core Insights - The Bellagio Fountain Club will return in 2025 with new ticket pricing starting at $7,750 for a three-night experience, aiming to enhance the luxury experience while expanding the U.S. footprint of the Las Vegas Grand Prix [1][3] - The culinary program at the Bellagio Fountain Club features renowned chefs who prepare signature dishes during the race weekend, with the 2025 lineup to be announced soon [2] - MGM Resorts is focused on refining guest experiences by enhancing hospitality, cuisine, and atmosphere for the upcoming Formula 1 event [3] Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 unique hotel and gaming destinations, recognized for creating immersive experiences [4] - The company operates BetMGM, a sports betting and online gaming venture, and is pursuing expansion in Asia through integrated resort development in Japan [4] - MGM Resorts is committed to sustainability and community impact, recognized as one of FORTUNE Magazine's World's Most Admired Companies [4] Event Details - The FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX, established in 2023, features a 50-lap race on a 3.8-mile circuit, with speeds exceeding 215 mph [5] - The 2025 race is scheduled for November 20-22, 2025, and has contributed nearly $2 million to local non-profit organizations through the Las Vegas Grand Prix Foundation [5]

Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed.Mike Hopkins, Amazon's head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said."We've decided to flatten our leadership structure a bit and not fill the head of studios role," Hopkins wrote. "In line with Amazon's recent work to streamline reporting lines and accel ...

Core Points - MGM Resorts International will release its financial results for Q1 2025 on April 30, 2025, after market close [1] - A conference call will be held on the same day at 5:00 p.m. Eastern Time to discuss the results [1] - Supplemental slides will be available on MGM's Investor Relations website prior to the call [1] Access Information - The conference call can be accessed online or via phone, with specific numbers provided for domestic and international callers [2] - A replay of the call will be available until May 7, 2025, with access codes for replay provided [2] Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [3] - The company operates BetMGM, LLC, which offers sports betting and online gaming in North America and Europe [3] - MGM Resorts is pursuing expansion in Asia, specifically through a resort development in Japan [3] - The company emphasizes sustainability and community impact through its "Focused on What Matters" philosophy [3] - MGM Resorts has been recognized as one of FORTUNE® Magazine's World's Most Admired Companies [3]

"We are elevating our rewards program and creating more ways than ever to earn and enjoy benefits across the world and at sea," said Anil Mansukhani, MGM Resorts' Vice President of Loyalty Marketing. "MGM Rewards' next evolution of enhancements unlocks new benefits for members at every tier. We listened to feedback from our members and wanted to recognize and reward guests' advancements throughout every level which is our central focus in delivering a best-in-class loyalty experience." Highlights of the new ...

Core Insights - MGM Resorts is developing a new property in Japan, projected to be the most profitable resort globally upon its opening in five years [1] - The current stock price of MGM Resorts is considered undervalued, presenting a potential investment opportunity for investors [1] Company Overview - The new resort in Japan is expected to significantly impact MGM Resorts' profitability and market position [1] - The anticipated opening timeline is set for five years from now, indicating a long-term investment horizon [1] Market Potential - The metrics discussed suggest that the resort could outperform existing properties in terms of profitability [1] - The video highlights the potential for substantial returns on investment as the project progresses towards completion [1]

Core Insights - MGM Resorts International appointed Dame Donna Langley to its Board of Directors, expanding the board to 13 members [1] - Langley brings extensive experience in entertainment programming and marketing, overseeing brands like Peacock, Bravo, and NBC [2] - The company aims to leverage Langley's expertise in content strategy and marketing to enhance its gaming and entertainment offerings [3] Company Overview - MGM Resorts is a global leader in gaming, hospitality, and live entertainment, with a portfolio of 31 unique hotel and gaming destinations [4] - The company operates BetMGM, a joint venture offering sports betting and online gaming in North America, and is expanding into Asia with 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]

LAS VEGAS, March 11, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Thursday, March 13, 2025. MGM Resorts management will speak at a session scheduled to begin at 4:50 p.m. ET. A live webcast of the session will be available under the Events & Presentation section of the MGM Investor Relations website at http://investors.mgmresorts.comAbout MGM Resorts Internati ...