MGM Resorts is finally getting a benefit from online gaming.Online gaming is starting to contribute to MGM Resorts' (MGM 2.82%) bottom line. The company's subsidiary BetMGM said today that it will pay owners MGM and Entain $200 million from the cash generated by the business, a huge shock for what was once a cash drain for MGM.*Stock prices used were end-of-day prices of Oct. 14, 2025. The video was published on Oct. 14, 2025. ...

格隆汇10月15日｜美高梅国际酒店集团表示，由于经济环境及竞争预期的变化，决定退出纽约市地区赌 场牌照的竞争。公司指出，经重新定义的竞争格局出现四个提案集中于一个相对狭小的地理区域，这一 新情况对公司最初对该项目回报的预期构成挑战。 ...

The company will no longer turn its Yonkers location into a casino with live games like poker and blackjack due to shifting competitive and economic factors, it said. ...

MGM Resorts International (NYSE:MGM) announced on Tuesday that it withdrew its commercial casino license application to the New York Gaming Commission and the Gaming Facility Location Board for a casino license in Yonkers, New York. "Since submitting our application in ...

MGM withdrew from the competition to win a casino license in the New York City area, citing shifting economic and competitive assumptions https://t.co/0BMemMtgYa ...

Core Points - MGM Resorts has withdrawn its application for a commercial casino license in Yonkers, New York, due to shifting competitive and economic assumptions that have altered return expectations on the proposed $2.3 billion investment [2] - The competitive landscape has changed with four proposals in a small geographic area, challenging the anticipated returns from the project [2] - The company expected to qualify for only a 15-year license instead of the initially anticipated 30-year license, impacting the feasibility of the renovation and expansion of Empire City Casino [2] - MGM Resorts has generated over $5 billion for New York State education, including $1.6 billion since acquiring Empire City Casino in 2019, and remains committed to operating the property in its current format [3]

MGM Resorts International Q3 2025 Financial Update Summary Company Overview - **Company**: MGM Resorts International (NYSE:MGM) - **Date of Update**: October 14, 2025 Key Financial Highlights - **Cash Distribution**: BetMGM will return at least $200 million to parent companies by year-end [2][11] - **EBITDA Guidance**: Upgraded to approximately $200 million from at least $150 million [2][10] - **Revenue Guidance**: Expected to be at least $2.75 billion, up from prior guidance of at least $2.7 billion [2][10] - **Q3 Revenue**: $667 million, a 23% year-on-year growth [3][10] - **Year-to-Date Revenue Growth**: 31% year-on-year with EBITDA at $150 million [3][10] Online Sports Betting (OSB) Performance - **Q3 OSB Revenue**: $202 million, up 36% from Q3 2024 [3][10] - **Player Acquisition**: Focused on premium mass segment with improved retention capabilities [4][10] - **Handle Growth**: Up 13% with NGR margin expansion of 110 basis points [4][10] - **NFL Season Impact**: Strong results in July and August helped absorb September's player-friendly outcomes [4][10] iGaming Performance - **Q3 iGaming Revenue**: $128 million, a 21% increase [7][10] - **Player Metrics**: Active players up 21% despite no new market launches since 2022 [7][10] - **Content Offerings**: New exclusive games launched, contributing to robust player acquisition and retention [8][10] Product Enhancements and Marketing - **App Upgrades**: Significant improvements in app speed, features, and stability ahead of the NFL season [5][10] - **Brand Campaign**: "Make It Legendary" featuring Jon Hamm and Derek Jeter to enhance brand visibility [6][10] - **New Features**: Launched live Same Game Parlays and improved rewards dashboard [6][10] Cash Management and Future Outlook - **Unrestricted Cash Balance**: Projected to exceed $300 million, targeting $100 million as a minimum balance [12][10] - **Quarterly Cash Distributions**: Plan to distribute excess cash above the minimum balance [12][10] - **2025 Revenue and EBITDA Growth**: Expected year-on-year growth of 33% in revenue and nearly $450 million in EBITDA improvement [11][10] Industry Context and Regulatory Environment - **Prediction Markets**: Company maintains a cautious stance on prediction markets, emphasizing regulatory compliance [13][16] - **Market Volatility**: Acknowledges potential revenue swings due to NFL results [11][10] - **Legislative Focus**: Targeting new states for sports betting and iGaming expansion, including Alabama and Nebraska [62][63] Conclusion - **Overall Business Health**: Company expresses confidence in maintaining strong momentum through Q4 and into 2026 [14][10] - **Future Growth Potential**: Optimistic about expanding into new jurisdictions and enhancing product offerings [39][40]

CANADA - 2025/06/16: In this photo illustration, the MGM Resorts International (MGM Rewards) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesMGM Resorts stock (NYSE: MGM), a worldwide hospitality and entertainment enterprise, has experienced an 18% decline in its stock over the last year, while the S&P 500 has increased by 18%. At first glance, the valuation appears appealing — price-to-sales ...

The former Dior creative director is to present her first collection in Milan next February. ...

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]