What smart money is saying about MGM Resorts International
4 funds in our archive have pitched MGM Resorts International — most recently Nightview Capital NITE ETF in June 2026.
MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas, Nevada.
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Position history
Between Q4 2024 and Q2 2026, 5 fund letters reported a position in MGM Resorts International — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 4 | 1 | 0 | 1 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q4 2025 | 1 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 5 positions · 1 move
- New positionNightview Capital NITE ETFJune 2026
“We also leaned into a theme the market seems to have forgotten about entirely: businesses whose product is a physical, human experience. We bought Las Vegas Sands and MGM Resorts , and we added meaningfully to Wynn Resorts .”
MGM Resorts International - June 2026
“Another positive trend is that our partners have been getting frustrated with their own low valuations and taking matters into their own hands (positive moves at Partners and Global Fund holding People Inc./MGM and Empire State Realty Trust, among others) or having something done to them to realize value (the bidding war that burst out for Global Fund holding Delivery Hero).”
MGM Resorts International - June 2026
“People Inc. (formerly IAC Inc.) and MGM Resorts – The related group of digital and print publisher People Inc. and hospitality and entertainment company MGM Resorts both contributed positively during the quarter.”
MGM Resorts International - June 2026
“People Inc. (formerly IAC Inc.) and MGM Resorts – The related group of digital and print publisher People Inc. and hospitality and entertainment company MGM Resorts both contributed positively during the quarter.”
MGM Resorts International - HoldsClipper FundDecember 2025
“One is Tyson Foods, in reality the largest protein producer in America, supplying both chicken and beef on a mass scale. Another is MGM Resorts, one of the largest casino operators in the world which owns properties in Las Vegas and Macau and is developing what we expect will be the most valuable gaming asset in Japan, set to open by the end of this decade.”
MGM Resorts International
Also mentioned · 1
These funds discuss MGM Resorts International — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedBaron Real Estate StrategyJune 2026
“Privatizations of Discounted Public Real Estate Are Accelerating As we have noted in prior letters, many publicly traded real estate companies trade at meaningful discounts to private market values. During the second quarter of 2026, three Strategy holdings received acquisition announcements at significant premiums: Caesars Entertainment, Inc. – Caesars, the largest gaming company in the U.S., according to management, announced an agreement to be acquired by Fertitta Entertainment at a 49% premium to its unaffected share price as of February 25, 2026. Taylor Morrison Home Corporation — Berkshire Hathaway announced an agreement to acquire Taylor Morrison, a leading national homebuilder, at a 24% premium to its May 29, 2026, closing price. MGM Resorts International — Barry Diller's media conglomerate, People Inc. (formerly IAC), offered to acquire MGM Resorts’ outstanding shares at a 32% premium to its December 31, 2025, closing price.”
MGM Resorts International
Fund coverage · 4 theses
- Nightview Capital NITE ETFJune 2026
MGM Resorts operates integrated resorts with scarce regulatory licenses and exposure to in-person gaming.
Read the full thesis - Diamond Hill Mid Cap FundMarch 2026
MGM Resorts is a leading casino operator with attractive valuation and growth optionality from BetMGM and Japan.
Read the full thesis - Symmetry InvestDecember 2025
MGM Resorts is a multi-segment gaming and digital operator whose SOTP and buybacks imply large undervaluation, with additional upside from MGM Osaka and resilient cash flows.
Read the full thesis - Nightview capitalDecember 2024
MGM Resorts is transforming its business model by prioritizing luxury experiences and global expansion, making it a leader in the hospitality sector.
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