La cadena de opciones muestra datos clave de las opciones de acciones de MGM Resorts Intl a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para MGM Resorts Intl..

MGM Resorts Intl (NYSE:MGM) Bolsa, Cadena de Opciones

MGM Resorts Intl

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

MGM Resorts International

METRO GLOBAL MEDIA INC by Metro Global Media, Inc.

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MAPLE GOLD MINES LTD by Maple Gold Mines Ltd.

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MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) reported its third-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/n41636337/mgm-resorts-international-reports-third-quarter-2024-financial-and-operating-results">details from the quarter. </a>
The Details: MGM Resorts reported quarterly earnings of 54 cents per share, which missed the analyst consensus estimate of 61 cents. Quarterly revenue came in at $4.2 billion, which missed the analyst consensus estimate of $4.21 billion.
<ul>
<li>Las Vegas Strip Resorts recorded net revenues of $2.1 billion in the quarter, an increase of 1% compared to the prior year quarter due primarily to an increase in non-gaming revenue, partially offset by a decrease in casino revenue. </li>
<li>Regional Operations recorded net revenues of $952&nbsp;million in the current quarter, compared to $925&nbsp;million in the prior year quarter, an increase of 3%, due primarily to an increase in casino revenue. </li>
<li>MGM China recorded net revenues of $929 million in the current quarter compared to $813 million in the prior year quarter, an increase of 14%. The current quarter was positively affected by the recovery of operations after the removal of COVID-19-related travel and entry restrictions in the first quarter of 2023.</li>
</ul>
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&#8220;We are pleased to report record consolidated net revenues for the third quarter, driven by record results from MGM China. In Las Vegas, we drove sequential improvement throughout the quarter and many key metrics are demonstrating strength including growth in ADR and occupancy,&#8221; said Bill Hornbuckle, CEO of MGM Resorts International.
&#8220;MGM Resorts is well positioned for long-term growth driven by the positive inflection to come in our digital investments alongside the enviable integrated resorts pipeline of development that we have in Japan as well as opportunities in New York and beyond,&#8221; Hornbuckle added. 
MGM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, MGM Resorts shares are down 5.82% after-hours at $39 at the time of publication Wednesday.
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MGM Resorts Shares Slide After Worse-Than-Expected Q3 Results: Details

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MGM Resorts shares are trading lower after the company reported worse-than-expected Q3 financial results.

<h3>Gainers</h3>
<ul>
<li>Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) shares rose 20.6% to $250.0 during Wednesday's after-market session. The company's market cap stands at $30.9 billion. The company's, Q3 earnings came out today. </li>
<li>Mister Car Wash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCW#NYSE">MCW</a>) shares rose 13.68% to $7.56. The market value of their outstanding shares is at $2.4 billion. The company's, Q3 earnings came out today. </li>
<li>Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) shares increased by 10.58% to $53.07. The company's market cap stands at $6.0 billion. The company's, Q3 earnings came out today. </li>
<li>Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) shares moved upwards by 9.29% to $110.26. The company's market cap stands at $11.8 billion. The company's, Q3 earnings came out today. </li>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) stock increased by 7.89% to $0.82. The market value of their outstanding shares is at $25.7 million. </li>
<li>Junee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JUNE#NASDAQ">JUNE</a>) shares increased by 5.38% to $5.28. The market value of their outstanding shares is at $68.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Rocky Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) shares fell 13.2% to $24.13 during Wednesday's after-market session. The company's market cap stands at $179.7 million. As per the press release, Q3 earnings came out today. </li>
<li>eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) stock fell 9.79% to $56.5. The market value of their outstanding shares is at $27.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Sleep Number (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) shares fell 7.79% to $12.2. The market value of their outstanding shares is at $272.3 million. As per the press release, Q3 earnings came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock fell 7.66% to $0.1. </li>
<li>MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) shares decreased by 6.43% to $38.75. The market value of their outstanding shares is at $11.7 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock fell 6.25% to $2.85. The market value of their outstanding shares is at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) reported quarterly earnings of $0.54 per share which missed the analyst consensus estimate of $0.61 by 11.48 percent. The company reported quarterly sales of $4.20 billion which missed the analyst consensus estimate of $4.21 billion by 0.16 percent. This is a 5.71 percent increase over sales of $3.97 billion the same period last year.

Earnings Misses

MGM Resorts Intl Q3 2024 Adj EPS $0.54 Misses $0.61 Estimate, Sales $4.20B Miss $4.21B Estimate

Donald Trump and VIce President Kamala Harris are expected to see a close race and outcome in the head-to-head battle to win the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Here's an update look at the betting odds in the race.
What Happened: The 2024 presidential election is expected to be close according to election polls, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41576378/donald-trumps-election-odds-improve-to-66-after-viral-joe-rogan-podcast-and-controversial-">while prediction markets </a>are leaning in the opposite direction and have Trump winning.
Sportsbooks that offer betting on the 2024 presidential election see a result somewhere in the middle.
Trump is currently favored with odds of -192 at BetMGM UK, which is a unit of a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain. Harris ranks as the underdog with odds of +150, as <a href="https://www.actionnetwork.com/politics/presidential-election-odds-predictions-donald-trump-kamala-harris-days-until-election">reported </a>by Action Network.
The current odds give Trump implied odds of 62.18% to win the 2024 presidential election.
Here's a look at the current betting odds on a state-by-state basis to see where your home state ranks and which candidate is favored. 
Betting odds shown with a "-" are the favorite and the candidate with a "+" is the underdog. The chart also lists the implied percentage chance of winning.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>State</td>
<td>Donald Trump Odds, Percent Chance</td>
<td>Kamala Harris Odds, Percent Chance</td>
</tr>
<tr>
<td>Alabama </td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Alaska</td>
<td>-10000, 92.79% </td>
<td>+1200, 7.21% </td>
</tr>
<tr>
<td>Arizona</td>
<td>-455, 75.46% </td>
<td>+275, 24.64% </td>
</tr>
<tr>
<td>Arkansas</td>
<td>-10000, 96.84% </td>
<td>+3000, 3.16% </td>
</tr>
<tr>
<td>California</td>
<td>+3000, 3.16% </td>
<td>-10000, 96.84% </td>
</tr>
<tr>
<td>Colorado</td>
<td>+1400, 6.31% </td>
<td>-10000, 93.69% </td>
</tr>
<tr>
<td>Connecticut</td>
<td>+2000, 4.59% </td>
<td>-10000, 95.41% </td>
</tr>
<tr>
<td>Delaware</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>Florida</td>
<td>-2500, 90.58% </td>
<td>+900, 9.42% </td>
</tr>
<tr>
<td>Georgia</td>
<td>-286, 67.48% </td>
<td>+180, 32.52% </td>
</tr>
<tr>
<td>Hawaii</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>Idaho</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Illinois</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>Indiana</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Iowa</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Kansas</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Kentucky</td>
<td>-10000, 96.84% </td>
<td>+3000, 3.16% </td>
</tr>
<tr>
<td>Louisiana</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Maine</td>
<td>+800, 10.22% </td>
<td>-4000, 89.78% </td>
</tr>
<tr>
<td>Maryland</td>
<td>+3300, 2.88% </td>
<td>-10000, 97.12% </td>
</tr>
<tr>
<td>Massachusetts</td>
<td>+3000, 3.16% </td>
<td>-10000, 96.84% </td>
</tr>
<tr>
<td>Michigan</td>
<td>-118, 50.00% </td>
<td>-118, 50.00% </td>
</tr>
<tr>
<td>Minnesota</td>
<td>+700, 11.50% </td>
<td>-2500, 88.50% </td>
</tr>
<tr>
<td>Mississippi</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94%</td>
</tr>
<tr>
<td>Missouri</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Montana</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Nebraska</td>
<td>-10000, 95.41% </td>
<td>+2000, 4.59% </td>
</tr>
<tr>
<td>Nevada</td>
<td>-182, 59.75% </td>
<td>+130, 40.25% </td>
</tr>
<tr>
<td>New Hampshire</td>
<td>+500, 15.29% </td>
<td>-1200, 84.71% </td>
</tr>
<tr>
<td>New Jersey</td>
<td>+1400, 6.37% </td>
<td>-5000, 93.63% </td>
</tr>
<tr>
<td>New Mexico</td>
<td>+1200, 10.36% </td>
<td>-5000, 89.64% </td>
</tr>
<tr>
<td>New York</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>North Carolina</td>
<td>-286, 67.48% </td>
<td>+180, 32.52% </td>
</tr>
<tr>
<td>North Dakota</td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Ohio</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Oklahoma</td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Oregon</td>
<td>+1600, 5.61% </td>
<td>-10000, 94.39% </td>
</tr>
<tr>
<td>Pennsylvania</td>
<td>-137, 61.81% </td>
<td>+100, 38.19% </td>
</tr>
<tr>
<td>Rhode Island</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>South Carolina</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>South Dakota</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94% </td>
</tr>
<tr>
<td>Tennessee</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94% </td>
</tr>
<tr>
<td>Texas</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Utah</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Vermont</td>
<td>+5000, 1.94% </td>
<td>-10000, 98.06% </td>
</tr>
<tr>
<td>Virginia</td>
<td>+500, 15.29% </td>
<td>-1200, 84.71%</td>
</tr>
<tr>
<td>Washington</td>
<td>+2000, 4.59% </td>
<td>-10000, 95.41% </td>
</tr>
<tr>
<td>West Virginia</td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Wisconsin</td>
<td>-133, 53.31% </td>
<td>+100, 46.69% </td>
</tr>
<tr>
<td>Wyoming</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94% </td>
</tr>
</tbody>
</table>
</figure>
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The betting odds above illustrate the importance of the seven swing states that have lower odds of one candidate winning.
The majority of the states have a huge favorite to win the 2024 presidential election based on past voting history.
Odds of -10000 mark a huge betting favorite as a $100 bet would profit $1 betting on this outcome.
The implied odds vary for each state with -10000 the highest betting odds, but the highest implied odds for Trump listed at 98.06%. Trump has a 98.06% chance of winning four different states (Mississippi, South Dakota, Tennessee, Wyoming).
Harris's top state by betting implied odds is Vermont at 98.06% followed by Maryland at 97.12%.
There is one state with split odds even of -118 betting odds and a 50% chance of each candidate winning and that is the key swing state of Michigan.
The next tightest market predicted by the betting odds above is Wisconsin with Trump the favorite at -133 and Harris the underdog at +100.
Based on the odds above, Trump is predicted to win at least six of the seven swing states (Arizona, Georgia, Nevada, North Carolina, Pennsylvania, Wisconsin), with Michigan a current coin-flip in the betting odds.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41534317/if-trump-wins-2024-election-in-landslide-bettors-could-make-5x-20x-their-bets-at-uk-sports">If Trump Wins 2024 Election In Landslide, Bettors Could Make 5X, 20X Their Bets At UK Sportsbook</a></li>
</ul>
Photo: Shutterstock

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Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?

<a href="https://news.bloomberglaw.com/antitrust/doj-backs-suit-accusing-vegas-hotels-of-algorithmic-price-fixing">https://news.bloomberglaw.com/antitrust/doj-backs-suit-accusing-vegas-hotels-of-algorithmic-price-fixing</a>
<ul>
<li>DOJ says use of algorithms can have anticompetitive effects</li>
<li>Plaintiffs filed appeal after district court dismissed case</li>
</ul>
The Justice Department filed an amicus brief supporting customers who accused Ceasars Entertainment Inc. and other Las Vegas hotel companies of using algorithms to fix prices.
"Pricing algorithms can process more information more rapidly than humans aided by prior communications technologies," the DOJ said in a brief <a href="https://www.bloomberglaw.com/public/document/GibsonetalvCendynGroupLLCetalDocketNo2435769thCirJun072024CourtDo/1?doc_id=X1C3FTC0O19985PKTQSAR19NQ0H">filed</a> Thursday in the US Court of Appeals for the Ninth Circuit. "For this reason, such algorithms can increase the means and opportunities for collusion among competitors."
The Vegas case is the first of its kind to reach a federal appeals court and is expected to impact similar suits going forward.
A group of consumer plaintiffs who stayed at various Vegas hotels filed an <a href="https://www.bloomberglaw.com/public/document/GibsonetalvCendynGroupLLCetalDocketNo2435769thCirJun072024CourtDo?doc_id=XN44RIOULS87MRO4N2HPLUJE1C">appeal</a> to the Ninth Circuit after Judge Miranda Du of the US District Court for the District of Nevada <a href="https://news.bloomberglaw.com/antitrust/caesars-other-vegas-hotels-win-dismissal-of-price-fixing-suit">dismissed</a> the case in May, saying they failed to plausibly allege a tacit agreement between the hotels to inflate room prices using algorithms built by the Rainmaker Group, a Cendyn Group LLC subsidiary.
In her ruling, Du said she reached her <a href="https://news.bloomberglaw.com/antitrust/las-vegas-ruling-offers-roadmap-for-ai-clashes-with-antitrust">decision</a> because the hotel-casinos signed up for the pricing software services at different times and the hotels weren't bound by the software's recommendations. A nearly identical suit accusing Atlantic City hotel-casinos was <a href="https://news.bloomberglaw.com/antitrust/hotel-casino-rulings-reveal-flaws-in-ai-price-fixing-allegations">dismissed</a> late last month on similar grounds.
The DOJ rejected Du's notion that the freedom to reject the software's pricing recommendations meant no collusion took place.

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The head-to-head matchup between Donald Trump and Vice President Kamala Harris is expected to be close according to election polls, but prediction markets and betting odds are favoring a higher likelihood of a landslide win in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: With less than two weeks until Election Day, <a href="https://www.benzinga.com/topic/election-poll">election polls show</a> a close race between Trump and Harris, as past months have predicted.
As the election nears, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41518070/donald-trump-leads-but-harris-field-goal-could-win-the-game-says-analyst-who-thinks-predic">prediction markets </a>and sportsbooks have Trump with a better chance of winning with the latest odds showing his victory could be more decisive than the previously expected close race.
While betting on the outcome of U.S. elections is illegal at sportsbooks in the U.S., other countries offer betting options.
Odds from BetMGM UK, which is part of the BetMGM joint venture owned by MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, offers betting on the presidential election.
The sportsbook currently lists Trump as the betting favorite to win the 2024 election at -182 and an implied chance of 58.71% to win the election. Harris is listed as the underdog with odds of +130 and an implied chance of 41.29% to win, as <a href="https://www.actionnetwork.com/politics/presidential-election-odds-presidential-election-predictions-kamala-harris-donald-trump">reported </a>by Action Network.
In money terms, this means a $100 bet on Trump to win would pay out a profit of $54.95 if he wins, while a $100 bet on Harris to win would pay out a profit of $130 if she wins.
Bettors have other options available on the sportsbook including individual states and the number of electoral college votes for each candidate.
Here are the current betting odds for Trump's electoral college vote totals and the implied percentage chance of the outcome happening:
<ul>
<li>179 or fewer: +2,000, 3.37%</li>
<li>180 to 209: +1,000, 6.43%</li>
<li>240-269: +350, 15.73%</li>
<li>270-299: +225, 21.78%</li>
<li>300-329: +175, 25.73%</li>
<li>330-359: +500, 11.79%</li>
<li>360+: +2,000, 3.37%</li>
</ul>
For Harris the most likely outcome according to the betting odds is winning 210 to 239 electoral college votes with a 25.77% chance.
With Trump now the more likely favorite to win the 2024 election, bettors could wager on the former president winning a specific range of electoral college votes. Getting between 300 and 329 electoral college votes is currently the favorite at +175.
Outcomes of 270 to 299 and 330 to 359 payout better odds of +225 and +500, respectively.
Here are the current profit payouts of several outcomes for $100 bet:
<ul>
<li>270-299: $225</li>
<li>300 to 329: $175</li>
<li>330 to 359: $500</li>
</ul>
While each of the outcomes could be bet, a person could also bet on Trump to win with the first and third ranges and hope that Trump doesn't fall in the 300 to 329 electoral college votes range.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Landslide Victory?: The definition of a landslide victory will vary by source. There are a total of 538 electoral college votes available and a candidate needs 270 to win the election. Some of the most dominant wins in presidential election history have been Ronald Reagan securing 489 and 525 electoral college votes in 1980 and 1984, respectively. Richard Nixon secured 520 electoral college votes in the 1972 election.
While the odds for Trump getting over 450 electoral college votes is unlikely, he could potentially secure the most electoral college votes since the 426 won by George H.W. Bush in the 1988 election.
A map on <a href="https://www.270towin.com/">270towin.com</a> shows Republicans likely to win at least 219 votes and the Democrats to win at least 226 votes. This is based on the states that typically lead one way or the other historically.
What's left are the seven swing states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. These states represent 93 votes total in the election and are likely to determine the outcome of the race.
Biden won six of the seven swing states in the 2020 election, including several flipping from Trump's win in the 2016 election.
If Trump is able to win all seven swing states, he would likely sit at a total of 312 electoral college votes, falling into the 300 to 329 window. This could be one likely betting option. If Trump does not win all seven swing states, the more likely outcome is falling into the 270 to 299 window, which pays out more to bettors.
Winning 312 and all seven swing states will still likely be considered a landslide and would be more than the 304 won by Trump in 2016 and the 306 won by Joe Biden in 2020.
To win the 360+ needed for a $2,000 profit on a $100 bet, Trump would need to win all Republican-favored states, all seven swing states and flip some typical Democrat-winning states red.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/10/41477318/trump-vs-harris-vice-president-holds-slim-lead-losing-momentum-in-key-demographics-favorability-">Trump Vs. Harris: Vice President Holds Slim Lead, Losing Momentum In Key Demographics, Favorability After Media Blitz</a></li>
</ul>
Photo: Shutterstock

Global

If Trump Wins 2024 Election In Landslide, Bettors Could Make 5X, 20X Their Bets At UK Sportsbook

12 analysts have shared their evaluations of MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated MGM Resorts Intl and provided 12-month price targets. The average target is $52.92, accompanied by a high estimate of $63.00 and a low estimate of $43.00. A decline of 2.9% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1729699247_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of MGM Resorts Intl among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$56.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$44.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$56.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Carlo Santarelli</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MGM Resorts Intl. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for MGM Resorts Intl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into MGM Resorts Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Delving into MGM Resorts Intl's Background</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>Financial Insights: MGM Resorts Intl</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.77% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: MGM Resorts Intl's net margin excels beyond industry benchmarks, reaching 4.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.61%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): MGM Resorts Intl's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.45%, the company may face hurdles in achieving optimal financial performance.
Debt Management: MGM Resorts Intl's debt-to-equity ratio surpasses industry norms, standing at 9.77. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

MGM Resorts Intl Stock: A Deep Dive Into Analyst Perspectives (12 Ratings)

Truist Securities analyst Barry Jonas maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Buy and lowers the price target from $58 to $56.

Price Target

Truist Securities Maintains Buy on MGM Resorts Intl, Lowers Price Target to $56

Morgan Stanley analyst Stephen Grambling maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Equal-Weight and raises the price target from $43 to $44.

Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Raises Price Target to $44

Contracts

MGM, Marriot Sign Agreement To Launch W Hotel On Las Vegas Strip; Terms Not Disclosed

Wells Fargo analyst Daniel Politzer maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Overweight and lowers the price target from $53 to $47.

Wells Fargo Maintains Overweight on MGM Resorts Intl, Lowers Price Target to $47

Deep-pocketed investors have adopted a bullish approach towards MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MGM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for MGM Resorts Intl. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 75% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $74,011, and 6 are calls, amounting to $350,722.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $38.0 to $46.0 for MGM Resorts Intl over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MGM Resorts Intl's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MGM Resorts Intl's substantial trades, within a strike price spectrum from $38.0 to $46.0 over the preceding 30 days.
<h3>MGM Resorts Intl Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729185560_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.3</td>
<td>$2.29</td>
<td>$2.3</td>
<td>$38.00</td>
<td>$142.6K</td>
<td>3.6K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.3</td>
<td>$2.05</td>
<td>$2.3</td>
<td>$38.00</td>
<td>$69.0K</td>
<td>3.6K</td>
<td>300</td>
</tr>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.4</td>
<td>$6.3</td>
<td>$6.4</td>
<td>$46.00</td>
<td>$43.5K</td>
<td>70</td>
<td>121</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.3</td>
<td>$2.11</td>
<td>$2.3</td>
<td>$38.00</td>
<td>$40.7K</td>
<td>3.6K</td>
<td>779</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.9</td>
<td>$1.72</td>
<td>$1.9</td>
<td>$38.00</td>
<td>$34.9K</td>
<td>3.6K</td>
<td>3.1K</td>
</tr>
</tbody>
</table>

<h3>About MGM Resorts Intl</h3>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>Current Position of MGM Resorts Intl</h3>
<ul>
<li>With a trading volume of 1,277,745, the price of MGM is down by -1.08%, reaching $39.47.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<h3>What Analysts Are Saying About MGM Resorts Intl</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $54.0.
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&#x2A; Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for MGM Resorts Intl, targeting a price of $52. 
&#x2A; Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for MGM Resorts Intl, targeting a price of $56. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on MGM Resorts Intl, which currently sits at a price target of $54. 
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Options

Markets

MGM Resorts Intl Unusual Options Activity

Analysts' ratings for MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) over the last quarter vary from bullish to bearish, as provided by 9 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $54.22, along with a high estimate of $63.00 and a low estimate of $43.00. Experiencing a 2.41% decline, the current average is now lower than the previous average price target of $55.56. 
<img src="https://www.benzinga.com/files/images/story/2024/1729180825_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of MGM Resorts Intl by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$56.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Carlo Santarelli</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MGM Resorts Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of MGM Resorts Intl's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of MGM Resorts Intl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Get to Know MGM Resorts Intl Better</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>Key Indicators: MGM Resorts Intl's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.77% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: MGM Resorts Intl's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.33%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): MGM Resorts Intl's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.61% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): MGM Resorts Intl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.45%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 9.77, caution is advised due to increased financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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What Analysts Are Saying About MGM Resorts Intl Stock

Barclays analyst Brandt Montour maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Overweight and lowers the price target from $56 to $54.

Barclays Maintains Overweight on MGM Resorts Intl, Lowers Price Target to $54

The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said.
What Happened: JMP Securities analyst Jordan Bender shared the takeaways from the Global Gaming Expo in a new note, with the summaries of thoughts on companies in the casino, gaming and sports betting sectors after meetings with executives.
"Despite the underperformance from brick-and-mortar casino companies, commentary around the outlook and prospects for growth in 2025 skewed more positive than we had expected," Bender said.
Among the top takeaways from the event and meetings for the analyst are softness for regional casinos, the 2024 election being a headwind for the fourth quarter, Las Vegas not falling apart and a favorable view on data suppliers.
The analyst's top pick is Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), raising the price target from $255 to $287 and maintaining a Market Outperform rating.
"Flutter's 2027 guidance was well-received, and we believe estimates are going to prove conservative in the absence of tax changes, reiterating our top pick call on the company as it currently trades at 9x its 2027E EBITDA guidance."
While Flutter is the top pick, the analyst shared three more stocks favored in the sector.
"We also recommend shares of GENI, CHDN and CZR as our favorite ways to own the gaming space."
Here are the current ratings and price targets on those three stocks from Bender:
<ul>
<li>Genius Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>): Market Outperform, $9 price target</li>
<li>Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>): Market Outperform, $166 price target</li>
<li>Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>): Market Outperform, $59 price target</li>
</ul>
The analyst maintained Market Outperform ratings on MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Golden Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>), but lowered the price targets with MGM from $57 to $56 and GDEN from $36 to $35.
Here's a look at the three stocks with new price targets and the other three top sector picks from the analyst.
Flutter Entertainment: Bender said feedback on Flutter continues to be positive with the key question now a matter of how big the total addressable market for online sports betting in the U.S. truly is.
"The $63bn TAM for the U.S. is not a 2030 estimate, rather a 10-year outlook for when the U.S. hits maturity," Bender said of Flutter's recent shared TAM figure.
The analyst said Flutter's free cash flow estimates for 2027 could be conservative.
"We believe the Flutter story continues to improve in the U.S. and rest of world as its scale will support outperformance in comparison to smaller companies in the space."
MGM Resorts International: The analyst said a declining supply of rooms in Las Vegas, new growth projects and a favorable convention backdrop for Las Vegas in 2025 is a positive for the company. 
With DraftKings and Flutter holding a dominant duopoly position for online sports betting, the analyst sees a race for third place and a "desire for a podium position" for several companies including BetMGM, which is a joint venture from MGM and Entain.
Golden Entertainment: Summer heat and seasonality have hurt foot traffic for companies with higher exposure to Las Vegas, like Golden Entertainment, the analyst said.
"The company confirmed the headwinds, mostly during July."
Bender said a meeting with company executives showed optimism that stability is nearing in the fourth quarter.
The company's CFO said investors are not valuing all Golden Entertainment's assets based on the share price, the analyst added. The potential for mergers and acquisitions or an outright sale of the company could be on the table based on the analyst's conversation with management.
Genius Sports: Alongside Sportradar Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>), the analyst sees Genius Sports as part of a duopoly for the online sports data supplier market.
"Our conversations with management teams only solidified our positive view on the two companies as both continue to build moats via the portfolio of technology."
Bender said the confidence and tone stood out while talking to Genius Sports.
"The Genius story has remained largely unchanged over the past three years, with management firmly believing that successful execution would lead to increased revenue and profitability."
Bender said the company's NFL contract is profitable and its major league sports rights are secured for many years.
Caesars Entertainment: A meeting with Caesars management was positive, Bender said.
"The company appears on the forefront of several new projects opening/ramping in the coming months, providing a series of catalysts for a mixed regional gaming segment."
The analyst said New Orleans revenue is under pre-renovation levels, but could return to levels comparable to 2019 with recent upgrades.
Churchill Downs: A headwind of the company's Virginia project could soon be coming to an end, the analyst said.
"The timing of the opening is still somewhat uncertain, but we get the sense the property will open to a more graduated opening in the coming weeks."
For the company's Kentucky Derby asset, the analyst said ticket pricing sees an uplift and advertising partnerships could grow.
Read Next: • <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41316208/stock-of-the-day-boeing-stock-sells-off-as-support-collapses-job-cuts-loom">Stock Of The Day: Boeing Stock Sells Off As Support Collapses, Job Cuts Loom</a>
Photo: Aidan Howe via Unsplash

Analyst Color

Reiteration

Trading Ideas

CHDN

FLUT

GDEN

GENI

SRAD

6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'

JMP Securities analyst Jordan Bender maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Market Outperform and lowers the price target from $57 to $56.

JMP Securities Maintains Market Outperform on MGM Resorts Intl, Lowers Price Target to $56

Whales with a lot of money to spend have taken a noticeably bearish stance on MGM Resorts Intl.
Looking at options history for MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $280,580 and 5, calls, for a total amount of $216,470.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $38.0 and $41.5 for MGM Resorts Intl, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MGM Resorts Intl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MGM Resorts Intl's significant trades, within a strike price range of $38.0 to $41.5, over the past month.
<h3>MGM Resorts Intl Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728400544_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$2.94</td>
<td>$2.51</td>
<td>$2.7</td>
<td>$41.50</td>
<td>$135.0K</td>
<td>1.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$2.78</td>
<td>$2.31</td>
<td>$2.56</td>
<td>$41.50</td>
<td>$108.0K</td>
<td>1.4K</td>
<td>478</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$38.00</td>
<td>$75.0K</td>
<td>296</td>
<td>500</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$38.00</td>
<td>$45.6K</td>
<td>296</td>
<td>98</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$4.09</td>
<td>$40.00</td>
<td>$40.9K</td>
<td>805</td>
<td>130</td>
</tr>
</tbody>
</table>

<h3>About MGM Resorts Intl</h3>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
After a thorough review of the options trading surrounding MGM Resorts Intl, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>MGM Resorts Intl's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,010,801, the MGM's price is down by -3.49%, now at $39.66. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 22 days.</li>
</ul>
<h3>What The Experts Say On MGM Resorts Intl</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $52.0.
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&#x2A; An analyst from Deutsche Bank has decided to maintain their Buy rating on MGM Resorts Intl, which currently sits at a price target of $52. 
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<a href="https://www.ft.com/content/24170648-bd33-426c-858f-434154af5fcb" title="https://www.ft.com/content/24170648-bd33-426c-858f-434154af5fcb">https://www.ft.com/content/24170648-bd33-426c-858f-434154af5fcb</a>

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

'Casinos Are Winning Big On Chinese Stimulus' - Financial Times

In the current session, the stock is trading at $40.46, after a 0.07% increase. Over the past month, MGM Resorts Intl Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) stock increased by 15.94%, and in the past year, by 8.13%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1728306019_0.png" alt="Past Year Chart" />

<h3>How Does MGM Resorts Intl P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
MGM Resorts Intl has a lower P/E than the aggregate P/E of 48.56 of the Hotels, Restaurants &amp; Leisure industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728306019_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for MGM Resorts Intl

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MGM Resorts points to long-term upside for BetMGM, highlights development plans for Japan and New York

MGM Resorts Non-GAAP EPS of $0.54 misses by $0.07, revenue of $4.18B misses by $30M

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MGM Resorts International (MGM) Q3 2024 Earnings Call Transcript

ABNB

ACHC

AMAT

AMGN

AMSC

ATEC

BALY

BKNG

CFLT

CMCSA

COIN

COMP

CORT

DASH

DAWN

DKNG

EXPE

HOOD

JAKK

LMND

MPWR

MSFT

OLED

OTEX

PAYC

PCAR

PCOR

RELY

ROKU

ROOT

SBUX

SITE

TDOC

TWLO

UPRO

Offerings

Press Releases

MGM Resorts International Prices $850,000,000 in Senior Notes

Commodities

MGM Resorts Signs Agreement to Increase Renewable Energy Use

Gannett and BetMGM Announce Multi-Year Partnership

PEPSI® Dig In Brings Pinky Cole Hayes's Slutty Vegan and Five More Restaurants to Las Vegas For the First Time as Part of Culinary Residency Program at MGM Resorts International

MGM Resorts International Chief Financial Officer to Speak at Deutsche Bank Conference

MGM Resorts International Announces Third Quarter 2024 Earnings Release Date

BetMGM Casino is the 2024 American Gambling Awards Online Casino of the Year

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MGM China Reports 2024 Nine-Month Results

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