MGM Resorts International posted a stellar
Q2 2025 performance with its consolidated revenues reaching a record $4.4 billion. The impressive figures were largely fuelled by the strength of the
MGM China division and the fast-growing
BetMGM sports betting platform. Despite the soft Las Vegas market, the company remains highly optimistic about a potential rebound, as history provides the firm with confidence in future growth in the region. MGM's net income, however, experienced a significant decrease of around 58.2%. The
Las Vegas segment underperformed, tempering enthusiasm about the record quarter. Despite this, analysts continue to display a generally positive outlook on MGM stocks with
Mizuho cutting their price target to $58.00, and
Stifel Nicolaus upping their price target to $50.00.
Allianz Asset Management GmbH has also raised their position in MGM, reflecting broader market confidence. The record revenue performance notably included aggressive digital growth, offsetting potentially concerning decline in Vegas visitations. MGM CEO asserts Vegas is solid and ready to bounce back.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 02 Aug 2025 11:33:14 GMT -
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- Information 8
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