MGM Resorts Stock Jumps 6% on BetMGM's Revised 2025 Outlook

MGM Resorts International, a leading casino operator, experienced a significant surge in its stock price, rising by over 6% on Monday. This substantial increase was propelled by the company's decision, in collaboration with Entain, to elevate the full-year performance outlook for their jointly owned sports betting and interactive gaming operator, BetMGM. The optimistic outlook was fueled by the sustained momentum from the first quarter of 2025, which carried over into the second quarter ending on June 13. During this period, both interactive gaming and online sports betting segments witnessed robust growth in net revenue, primarily driven by an increase in wagering volumes.

Both MGM and Entain emphasized that this growth trajectory aligns with the 34% year-over-year revenue increase observed in the first quarter. As a result, the companies now project that BetMGM's revenue for the 2025 fiscal year will be at least 2.6 billion dollars, exceeding the previous projection of 2.4 billion to 2.5 billion dollars. Furthermore, the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to be at least 100 million dollars, an improvement from the previous forecast of EBITDA turning positive.

The revised outlook for BetMGM also had a positive impact on other competitors in the gambling industry. Wynn Resorts and Las Vegas Sands Corp. both saw their stock prices increase by approximately 5% on Monday, positioning them among the top performers in the S&P 500 index. This collective rise highlights the broader optimism within the sector, driven by the positive performance and future prospects of BetMGM.