Is MGM a good stock to buy? We came across a bullish thesis on MGM Resorts International on TradersPro’s Substack. In this article, we will summarize the bulls’ thesis on MGM. MGM Resorts International’s share was trading at $49.19 as of June 26th. MGM’s trailing and forward P/E were 67.38 and 24.57 respectively according to Yahoo Finance.
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MGM Resorts International (MGM) is a leading global hospitality and entertainment company with a portfolio of iconic casino resorts across the Las Vegas Strip and Macau, while also holding a stake in BetMGM, one of the leading online sports betting and iGaming platforms in the United States. The company appears well positioned to benefit from multiple growth drivers that are strengthening its earnings outlook.
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Las Vegas continues to experience healthy visitation as conventions, large-scale events, and tourism support strong occupancy and spending trends, while MGM’s Macau operations are delivering record performance amid the region’s ongoing recovery. At the same time, BetMGM has reached profitability, marking an important milestone that validates the long-term potential of the company’s digital gaming strategy as online gambling expands across additional U.S. states.
Looking further ahead, the planned integrated resort in Japan provides another meaningful avenue for long-term growth and geographic diversification. The investment case is further supported by resilient consumer demand for travel and leisure experiences, even as broader discretionary spending remains under pressure, providing MGM with multiple sources of revenue growth across physical resorts and digital platforms.
In addition to these fundamental catalysts, the stock has recently generated a constructive technical signal, with a confirmation bar accompanied by rising trading volume pushing shares into a momentum zone. Higher trading volume suggests stronger investor conviction behind the move rather than a temporary price increase, indicating that buying interest may be accelerating.
Supported by resilient travel demand, record Macau performance, a profitable online betting business, expanding digital gaming opportunities, and long-term upside from Japan, MGM Resorts International offers a compelling bullish investment opportunity with multiple catalysts that could drive continued business growth and further share price appreciation.
Previously, we covered a bullish thesis on MGM Resorts International (MGM) by David in April 2025, which highlighted its asset-light transformation, disciplined share repurchases, resilient cash flows, and durable competitive advantages supported by iconic brands and premium Las Vegas real estate. MGM’s stock price has appreciated by 87.03% since our coverage. TradersPro shares a similar view but emphasizes record Macau performance, BetMGM’s profitability, and improving technical momentum as additional catalysts.
MGM Resorts International is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held MGM at the end of the first quarter which was 45 in the previous quarter. While we acknowledge the risk and potential of MGM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MGM and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
