MGM Resorts International stock shows resilience amid the Las Vegas slowdown, with renewed investor confidence following a key visit to the Las Vegas Strip operator by CBRE. The company’s positive performance in Macau and robust regional property results contribute to optimism about its future. For those interested in exploring more about the company’s regional success, you can read an in-depth analysis of its regional strategies on our site.
MGM Resorts International and Las Vegas Transformations
John DeCree, director of equity research at CBRE, highlights MGM Grand’s ongoing $300 million room remodel. This extensive project started in January and is progressing ahead of schedule. MGM plans to complete it by mid-October, leveraging the slower summer months. Additional enhancements include dining venues like Netflix Bites and the Palm Tree Beach Club. These upgrades at MGM Grand, which accounts for 11% of the company’s Strip room supply, are expected to boost average daily rates, especially with its proximity to the proposed A’s stadium site.
Regional Strength and Macau Performance
Despite a moderated EBITDAR estimate for Las Vegas, Las Vegas remains MGM Resorts International’s valuation driver. The company anticipates a $65 million EBITDAR impact from renovations. Nevertheless, MGM’s luxury properties and high-end customer segments show resilience, maintaining a promising outlook for 2026. MGM’s regional performance exceeds expectations, with mid-single-digit growth in gaming revenue. Notably, Borgata’s gaming revenue rose by 19.1% in May. In Macau, steady gaming revenue withstanding trade tensions bolsters their standing.
As the company diversifies, it offsets fluctuations on the Strip. BetMGM’s updated 2025 guidance predicts revenue of at least $2.6 billion, signaling sustained growth potential. The American Gaming Association provides further insights into regulatory impacts on such expansions.
MGM Resorts International Stock Outlook
CBRE sets a $48 price target for MGM stock, based on a 6.5 times multiple of its 2026 EBITDA, despite the stock’s current low $30 range. With a 52-week high of $47.26, MGM demonstrates potential upward momentum.
Investors can follow the complete story of MGM’s strategic developments and how they impact the market through continual assessment from leading financial analysts. For the full market report, visit the CDC Gaming Reports link.
