CZR vs MGM: Caesars Entertainment vs MGM Resorts Stock Comparison: AI Score, Valuation, Performance and Upside
Caesars is a regional and Las Vegas Strip casino company with significant debt and a struggling sportsbook, while MGM has premium Las Vegas Strip resorts, Macau diversification, and a more competitive BetMGM sports betting business. MGM is the higher-quality gaming company with better asset quality and digital gaming execution.
CZR vs MGM is highly leveraged regional-plus-Vegas casino versus premium Las Vegas Strip and Macau casino with digital gaming — MGM wins if premium resort pricing, MGM China recovery, and BetMGM profitability compound; Caesars wins if debt reduction frees up capital and regional market stability sustains cash flow.
CZR holds the edge across 3 of 5 key metrics in this comparison. MGM leads on both 1-year return (+24.55%) and forward P/E quality (20.21x vs 35.36x for CZR), a relatively favorable combination of momentum and valuation. On fundamentals, MGM is growing revenue faster (4.20%), while CZR maintains the higher operating margin (17.56%) — a classic growth-versus-profitability split. Analyst consensus implies similar upside for both: +7.02% for CZR and +4.44% for MGM.
- →believe Caesars' debt reduction will meaningfully re-rate the stock as leverage improves
- →value the 65M-member Caesars Rewards loyalty program as a customer retention moat
- →want regional casino exposure with Las Vegas Strip upside at a depressed valuation
- →are comfortable with Caesars Sportsbook losses as a cost center for digital option value
- →prefer premium Las Vegas Strip resort assets (Bellagio, MGM Grand) with pricing power in discretionary entertainment
- →value MGM China as a Macau gaming market recovery and diversification asset
- →believe BetMGM is the superior digital sports betting business vs Caesars Sportsbook
- →want casino investment with both Las Vegas Strip revenue quality and international gaming diversification
| Metric | CZR | MGM |
|---|---|---|
| AI score | 37.9 | 37.0 |
| AI rank | #1404 | #1512 |
| Latest close | $29.66 | $47.24 |
| 1M return | +0.58% | -3.53% |
| 6M return | +20.42% | +37.13% |
| 1Y return | -1.23% | +24.55% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CZR | MGM |
|---|---|---|
| 1Y ago | $9.62K (-3.8%) started 2025-07-14 | $12.4K (+24.0%) started 2025-07-14 |
| 5Y ago | $3.14K (-68.6%) started 2021-07-14 | $11.83K (+18.3%) started 2021-07-14 |
| 10Y ago | $19.96K (+99.6%) started 2016-07-14 | $22.8K (+128.0%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
| Metric | CZR | MGM |
|---|---|---|
| Market cap | $6.08B | $11.99B |
| Trailing P/E | N/A | 64.22 |
| Forward P/E | 35.36 | 20.21 |
| Price/Sales | N/A | N/A |
| EV/Revenue | 2.71 | 2.38 |
| Analyst target | $31.93 | $48.96 |
| Target upside | +7.02% | +4.44% |
| Metric | CZR | MGM |
|---|---|---|
| Revenue growth | 2.70% | 4.20% |
| Earnings growth | N/A | -5.90% |
| EPS growth | N/A | -5.90% |
| FCF margin | +6.51% | +2.98% |
| Operating margin | 17.56% | 6.86% |
| Profit margin | -4.20% | 1.03% |
| ROIC proxy | -10.72% | 13.49% |
| Return on equity | -10.72% | 13.49% |
| Dividend yield | N/A | N/A |
| Beta | 1.76 | 1.29 |
| Debt/equity | 722.66 | 951.19 |
| Current ratio | 0.85 | 1.33 |
| Quick ratio | 0.62 | 1.10 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | CZR | MGM |
|---|---|---|---|
| 1Y | Growth | -3.83% | +23.96% |
| CAGR | -3.84% | +24.07% | |
| Sharpe ratio | 0.08 | 0.63 | |
| Max drawdown | 41.18% | 22.76% | |
| Max daily drop | 15.23% | 6.90% | |
| Max wkly drop | 19.84% | 9.96% | |
| 5Y | Growth | -68.62% | +18.25% |
| CAGR | -20.70% | +3.41% | |
| Sharpe ratio | -0.27 | 0.17 | |
| Max drawdown | 84.82% | 49.33% | |
| Max daily drop | 15.23% | 13.22% | |
| Max wkly drop | 27.27% | 20.36% | |
| 10Y | Growth | +99.60% | +114.75% |
| CAGR | +7.16% | +7.95% | |
| Sharpe ratio | 0.35 | 0.30 | |
| Max drawdown | 89.78% | 80.42% | |
| Max daily drop | 37.51% | 33.61% | |
| Max wkly drop | 71.34% | 60.51% |
| Category | CZR | MGM |
|---|---|---|
| Company | Caesars Entertainment, Inc. | MGM Resorts International |
| Sector | Consumer Cyclical | Consumer Cyclical |
| Industry | N/A | N/A |
| Core business | One of the largest US casino companies with 50+ properties across Las Vegas (Caesars Palace, Harrah's, Horseshoe) and regional markets. Caesars also operates Caesars Sportsbook (online sports betting and iGaming) and Horseshoe's regional casino network. | Premium Las Vegas Strip casino resort company with Bellagio, MGM Grand, Aria (via MGM Northfield Park stake), Mandalay Bay, and MGM National Harbor. MGM also has 56% ownership of MGM China and operates BetMGM (50/50 with Entain) for online sports betting. |
| Investor focus | Debt reduction from the Eldorado merger legacy leverage, regional casino performance, Caesars Digital (sportsbook) path to profitability, and Las Vegas Strip revenue. | Las Vegas RevPAR, MGM China recovery, BetMGM profitability path, and MGM Resorts Free real estate monetization strategy. |
- →Caesars rewards loyalty program has 65M+ members — one of the largest hospitality loyalty databases
- →Regional casino properties provide stable gaming revenue in local markets with lower capital requirements than destination casino resorts
- →Caesars Sportsbook competing in the OSB market provides digital revenue optionality if the business reaches profitability
- →MGM's Las Vegas portfolio includes some of the most iconic resort properties on the Strip — Bellagio, MGM Grand, and Aria
- →BetMGM has achieved top-3 US market share in sports betting and is closer to profitability than Caesars Sportsbook
- →MGM China provides Asian gaming diversification with Macau as a growing market post-COVID reopening
- →Caesars carries extremely high debt from the Eldorado/Caesars merger — interest expense is the most significant near-term earnings headwind
- →Caesars Sportsbook has lost significant market share to FanDuel and DraftKings — sports betting losses without share gains raise the question of whether the investment is worthwhile
- →Regional casino properties face increased competition from new Native American casinos and regional openings
- →MGM sold its Las Vegas real estate to REITs (VICI) under sale-leaseback agreements — long-term lease costs reduce free cash flow
- →Las Vegas convention and meeting demand is an important RevPAR driver that can soften with corporate budget cuts
- →BetMGM's path to profitability requires sustained market share without unsustainable promotional spending
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