MGM Resorts CEO Prioritizes Digital Advancements as Primary Aim for 2025
Revamped Take:
Bill Hornbuckle, CEO of MGM Resorts International, shared some exciting news with investors last week. The main focus for 2025? Boosting the company's digital presence, particularly in iGaming, and expanding to new international markets. Here's a lowdown on MGM's global conquest plans:
Expanding Digital Borders: iGaming and Beyond
While there are no plans for new state-level iGaming expansions in the U.S., MGM is upping its game in the digital realm, focusing mainly on international markets. Hornbuckle revealed that the company's iGaming business is expected to hit $2.5 billion, and the interactive group to reach around half a billion, with Brazil on the horizon.
In the United States, the company is creating a state-of-the-art live dealer studio in Las Vegas, targeting international markets instead of domestic players due to regulatory restrictions.
Achieving in Brazil
MGM is setting its sights on Brazil's online gambling market, which is projected to be worth $7 billion. MGM Digital has already launched iGaming operations in Brazil and aims to capture a good share of the market. Although the segment is yet to turn a profit, Brazil is a core growth driver for MGM.
** revised:** In comparison to the U.S., where iGaming regulations can be complex and taxing, Brazil's market presents fewer barriers and offers promising opportunities for growth.
Venturing into Mid East: Awaiting UAE Regulations
MGM is also moving ahead with its Dubai Jumeirah Beach resort project, which is set to be completed by Q3 2028. Although the UAE's gaming regulations remain unclear, the resort's location puts MGM in a prime position to capitalize on potential future gaming legalization.
Bettering Domestic Operations
In terms of domestic developments, MGM started the year strong, with exceptionally robust January for both gaming and room revenue in Las Vegas. The operator plans to continue strengthening its existing properties, with renovations scheduled for Aria at CityCenter in 2026, Mandalay Bay in 2027, and 2028.
In conclusion, MGM is steering its expansion efforts towards international markets, particularly Brazil, instead of focusing solely on new U.S. states for iGaming. The company aims to optimize its existing infrastructure while expanding its online gaming offerings in promising international markets like Brazil. Stay tuned for more updates from the world of MGM!
- By 2025, MGM Resorts International plans to drive its digital presence, particularly in iGaming, aiming to boost its iGaming business to $2.5 billion and its interactive group to around half a billion, with a focus on international markets.
- In a move to capture a significant share of Brazil's online gambling market, which is projected to be worth $7 billion, MGM Digital has already launched iGaming operations and considers Brazil a core growth driver.
- Despite regulatory uncertainties, MGM is moving forward with its Dubai Jumeirah Beach resort project, set to be completed by Q3 2028, positioned to capitalize on potential future gaming legalization.
- In order to strengthen its existing properties, MGM has planned renovations for Aria at CityCenter in 2026, Mandalay Bay in 2027, and 2028, as part of its strategy to improve domestic operations.
