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MGM
MGM Resorts International · Consumer Discretionary - Casinos & Resorts
$46.84
+30.04% this month
VERSUS
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COMPARE
WYNN
Wynn Resorts, Limited · Consumer Discretionary - Ultra-Luxury Casinos & Resorts
$105.53
+11.34% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
MGM
1
WYNN
4
Comparison scoreboard
WYNN LEADS 4/5AI Score
MGM 37.3
WYNN ✓38.3
1Y Return
MGM ✓+39.53%
WYNN +20.91%
Fwd P/E
MGM 21.07
WYNN ✓19.85
Target Up.
MGM -4.93%
WYNN ✓+26.68%
Op. Margin
MGM 6.86%
WYNN ✓15.32%
Metrics last refreshed: 6/20/2026
Quick take
MGM vs WYNN Stock Comparison: AI Score, Valuation, Performance and Upside
MGM (MGM Resorts) and WYNN (Wynn Resorts) are both Las Vegas Strip operators with Macau exposure, but at different market segments — MGM is the diversified large-scale casino operator with 30+ properties, BetMGM online gaming, and iconic brands like Bellagio, while Wynn is the ultra-luxury pure-play with a smaller number of the world's finest casino resorts and a significant UAE development opportunity. MGM offers scale and diversification including digital gaming; Wynn offers luxury brand premium and a potentially transformative UAE development.
MGM vs WYNN is diversified casino operator with digital gaming and iconic Las Vegas brands (MGM's portfolio of 30+ properties including Bellagio, BetMGM online betting platform, and asset-light REIT structure providing capital flexibility) versus ultra-luxury casino pure-play with UAE first-mover advantage (Wynn's highest-quality Las Vegas and Macau resorts attracting the world's wealthiest gamblers and developing the transformative Wynn Al Marjan Island casino resort in the UAE) — scale and digital versus luxury and geographic optionality.
Live analysis · updated 6/20/2026
WYNN holds the edge across 4 of 5 key metrics in this comparison. MGM has delivered stronger 1-year price return (+39.53% vs +20.91%), though WYNN trades at the lower forward P/E (19.85x vs 21.07x). WYNN leads on both revenue growth (9.20%) and operating margin (15.32%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for WYNN (+26.68%) than for MGM (-4.93%).
Normalized 1Y performance
MGM
WYNN
Recent returns
MGM
WYNN
Analyst price targets & sentiment
MGM
Price target range
analyst mean$46.56
current price$46.84
-4.9% upside to analyst mean
WYNN · 16 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.5/5.0)
Price target range
analyst low$83.00
analyst mean$135.89
current price$105.53
+26.7% upside to analyst mean
Who should consider this stock?
MGM may suit investors who:
- →Want diversified Las Vegas Strip exposure with 30+ casino resort properties plus BetMGM's growing U.S. online sports betting and iGaming presence as a digital revenue growth driver
- →Value MGM's iconic Bellagio and MGM Grand brands as generating premium revenue while the asset-light REIT structure (selling properties to VICI and leasing back) provides capital for buybacks and digital investment
- →Prefer MGM's larger scale and more diversified revenue versus Wynn's concentrated ultra-luxury strategy, accepting lower margins per resort in exchange for more diversified risk
WYNN may suit investors who:
- →Value Wynn's ultra-luxury brand premium — Wynn and Encore are among the highest-rated casino resorts globally; premium positioning commands the highest gaming revenue per customer on the Las Vegas Strip
- →See Wynn Al Marjan Island (UAE) as a potentially transformative investment in the world's largest untapped gaming market — the high-net-worth Gulf region and Indian diaspora represent an enormous gaming opportunity if UAE succeeds as a casino destination
- →Value Wynn's Macau premium mass market recovery as a major earnings lever as Chinese tourist spending on premium experiences in Macau continues normalizing
Performance & AI score
| Metric | MGM | WYNN |
|---|---|---|
| AI score | 37.3 | 38.3 |
| AI rank | #1418 | #1300 |
| Latest close | $46.84 | $105.53 |
| 1M return | +30.04% | +11.34% |
| 6M return | +29.39% | -15.87% |
| 1Y return | +39.53% | +20.91% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | MGM | WYNN |
|---|---|---|
| 1Y ago | $13.8K (+38.0%) started 2025-06-18 | $12.14K (+21.4%) started 2025-06-18 |
| 5Y ago | $11.14K (+11.4%) started 2021-06-21 | $8.68K (-13.2%) started 2021-06-21 |
| 10Y ago | $21.68K (+116.8%) started 2016-06-20 | $13.24K (+32.4%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | MGM | WYNN |
|---|---|---|
| Market cap | $12.53B | $11.13B |
| Trailing P/E | 67.08 | 30.74 |
| Forward P/E | 21.07 | 19.85 |
| Price/Sales | N/A | 1.25 |
| EV/Revenue | 2.41 | 2.83 |
| Analyst target | $46.56 | $135.89 |
| Target upside | -4.93% | +26.68% |
Growth, profitability & risk
| Metric | MGM | WYNN |
|---|---|---|
| Revenue growth | 4.20% | 9.20% |
| Earnings growth | -5.90% | 50.90% |
| EPS growth | -5.90% | +50.90% |
| FCF margin | +2.98% | +4.89% |
| Operating margin | 6.86% | 15.32% |
| Profit margin | 1.03% | 5.14% |
| ROIC proxy | 13.49% | N/A |
| Return on equity | 13.49% | N/A |
| Dividend yield | N/A | 0.93% |
| Beta | 1.31 | 0.98 |
| Debt/equity | 951.19 | N/A |
| Current ratio | 1.33 | 1.24 |
| Quick ratio | 1.10 | 1.12 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
MGM max drawdown22.76%
WYNN max drawdown28.92%
MGM max wkly drop9.96%
WYNN max wkly drop10.69%
5Y risk snapshot
MGM max drawdown49.33%
WYNN max drawdown59.24%
MGM max wkly drop20.36%
WYNN max wkly drop23.01%
10Y risk snapshot
MGM max drawdown80.42%
WYNN max drawdown77.40%
MGM max wkly drop60.51%
WYNN max wkly drop46.80%
Performance metrics by period
| Period | Metric | MGM | WYNN |
|---|---|---|---|
| 1Y | Growth | +38.01% | +21.42% |
| CAGR | +38.07% | +21.46% | |
| Sharpe ratio | 0.90 | 0.60 | |
| Max drawdown | 22.76% | 28.92% | |
| Max daily drop | 6.90% | 7.26% | |
| Max wkly drop | 9.96% | 10.69% | |
| 5Y | Growth | +11.34% | -15.29% |
| CAGR | +2.17% | -3.27% | |
| Sharpe ratio | 0.14 | 0.02 | |
| Max drawdown | 49.33% | 59.24% | |
| Max daily drop | 13.22% | 12.25% | |
| Max wkly drop | 20.36% | 23.01% | |
| 10Y | Growth | +104.25% | +17.62% |
| CAGR | +7.41% | +1.64% | |
| Sharpe ratio | 0.29 | 0.17 | |
| Max drawdown | 80.42% | 77.40% | |
| Max daily drop | 33.61% | 24.43% | |
| Max wkly drop | 60.51% | 46.80% |
Business comparison
| Category | MGM | WYNN |
|---|---|---|
| Company | MGM Resorts International | Wynn Resorts, Limited |
| Sector | Consumer Cyclical | Consumer Cyclical |
| Industry | N/A | Resorts & Casinos |
| Core business | MGM Resorts International operates 30+ casino resort properties across the U.S. (Las Vegas Strip, Maryland, Mississippi, Massachusetts, New Jersey, Michigan) and internationally (Macau through MGM China). Las Vegas properties include Bellagio (iconic fountain casino), MGM Grand (one of the world's largest hotels), Aria, Vdara, Mandalay Bay, Park MGM, New York-New York, Luxor, Excalibur, and others. MGM also operates BetMGM (50/50 joint venture with Entain) — a major online sports betting and iGaming platform. | Wynn Resorts operates ultra-luxury casino resorts — Wynn Las Vegas and Encore at Wynn Las Vegas on the Las Vegas Strip (adjacent integrated resorts considered among the world's finest casino hotels), and Wynn Palace and Wynn Macau in Cotai/Macau. Wynn's strategy is uncompromising luxury — extraordinarily high-quality room products, fine dining, retail (high-end boutiques), and gaming experiences catering to the highest-worth customers. Wynn is developing Wynn Al Marjan Island in the UAE (Ras Al Khaimah), expected to be one of the world's first legalized casino resorts in the Middle East. |
| Investor focus | Investors track MGM's Las Vegas Strip revenue (gaming + hotel + food/beverage + entertainment), regional casino performance, BetMGM online gaming revenue and path to profitability, MGM China recovery, and MGM's capital allocation (property REITs, buybacks, dividends). | Investors track Wynn Las Vegas revenue, Macau (Wynn Palace + Wynn Macau) VIP and mass market gaming revenue, Encore Boston Harbor performance, and the UAE development project as a potential major long-term revenue catalyst. |
MGM strengths
- →Las Vegas Strip real estate portfolio with iconic brands — Bellagio and MGM Grand are among Las Vegas's most recognized resort destinations; premium Strip positioning commands superior room rates and gaming revenue versus off-Strip competitors
- →BetMGM is a top-3 U.S. online sports betting and iGaming operator — the joint venture with Entain has established BetMGM as a major online gaming brand alongside FanDuel and DraftKings; as online gaming legalization expands, BetMGM provides digital revenue growth
- →REIT structure for property portfolio reduces capital requirements — MGM sold several properties to VICI Properties (a gaming REIT) and leases them back; this asset-light model frees capital for buybacks and online gaming investment
WYNN strengths
- →Ultra-luxury brand commands premium pricing and attracts highest-net-worth customers — Wynn's reputation for exceptional quality attracts Las Vegas's highest-spending gamblers and hotel guests; Wynn average daily rates and gaming win per customer are the highest on the Las Vegas Strip
- →Macau premium mass market exposure well-positioned for recovery — Wynn's Cotai and Macau properties serve the premium mass market and VIP segments; as Macau's gaming recovery continues post-COVID with emphasis on premium mass players, Wynn benefits from its luxury positioning
- →UAE Wynn Al Marjan Island could be transformative — if the UAE legal casino resort develops into a major gaming destination serving the Middle East/India region, Wynn's early mover advantage could be extraordinarily valuable; the untapped high-net-worth gaming market in the Gulf region is potentially enormous
Risks to watch — MGM
- →Real estate sale-leaseback creates high fixed rental obligations — MGM's lease payments to VICI are substantial fixed costs; in a revenue downturn, lease obligations consume cash flow that would otherwise be available for debt service or shareholder returns
- →BetMGM requires continued investment to compete with FanDuel and DraftKings — online gaming market share competition requires ongoing marketing investment; BetMGM has invested heavily to achieve its market position but profitability timelines shift
- →Macau recovery pace and regulatory environment — MGM China's Macau operations were severely impacted by COVID closures and regulatory changes; the recovery pace and long-term gaming policy in Macau under the renewed concession periods affects MGM China earnings
Risks to watch — WYNN
- →VIP gaming revenue in Macau is more volatile than mass market — Wynn's Macau VIP gaming exposure is more sensitive to China wealth management policy, travel restrictions, and high-roller junket operator regulatory changes
- →UAE project execution and regulatory risk — Wynn Al Marjan Island is a massive capital project in an untested gaming jurisdiction; construction, regulatory, and execution risk is significant for a project of this magnitude
- →Las Vegas luxury competition from new resorts — Sphere Entertainment, MSG Sphere, and continued Las Vegas development create new entertainment competition for the high-end customer Wynn targets; maintaining competitive position requires continuous property investment
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