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With a market cap of $9.2 billion, MGM Resorts International (MGM) is a global gaming and entertainment company operating casino resorts and digital gaming platforms across the United States, China, and other international markets. Through segments including Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital, the company offers integrated resort experiences and online gaming services such as sports betting and iGaming via BetMGM.
Shares of the Las Vegas, Nevada-based company have lagged behind the broader market over the past 52 weeks. MGM stock has fallen marginally over this time frame, while the broader S&P 500 Index ($SPX) has increased 16.5%. In addition, shares of the company are down 7.2% on a YTD basis, compared to SPX’s 2% rise.