MGM Resorts International Stock

Stock Price of MGM Resorts International

MGM Resorts International Stock Forecast

Analyst consensus on MGM leans cautiously positive for late 2026. Most 12-month price targets range from $35 to $45, anchored by continued strength in Las Vegas Strip revenue and BetMGM narrowing its losses. Key risks include a broader consumer slowdown, MGM China license uncertainty, and heavy capital spending on the planned Japan integrated resort project.

MGM Resorts International Valuation

Timeline of MGM Resorts International Funding

• 1969
  Founder Capital

  Kirk Kerkorian funds construction of the International Hotel in Las Vegas, then the world's largest hotel, using personal and private capital.
• 1987
  NYSE Listing

  MGM Grand Inc. lists on the New York Stock Exchange, giving Kerkorian access to public capital markets to fund casino expansion.
• 2000
  Debt-Financed Acquisition

  MGM Grand raises $4.4 billion in debt financing to complete the $6.4 billion acquisition of Mirage Resorts from Steve Wynn.
• 2005
  Leveraged Acquisition

  MGM completes the $7.9 billion acquisition of Mandalay Resort Group, funded through a combination of debt and equity, creating the world's largest casino company.
• 2020
  Emergency Liquidity

  MGM raises $1.25 billion through a senior notes offering during the COVID-19 pandemic to preserve liquidity as all Las Vegas properties close.
• 2021
  REIT Sale-Leaseback

  MGM sells the Aria and Vdara properties to Blackstone's REIT for $3.89 billion, converting owned real estate into capital for debt repayment.

MGM Resorts International Investors