SCHEDULE 13G/A: BlackRock Discloses 5.3% Passive Stake in MGM Resorts International

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 5.3% passive beneficial ownership stake in MGM Resorts International as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 14,952,147 shares of MGM Resorts International common stock.
• This ownership represents 5.3% of the total outstanding common stock of MGM Resorts International.
• The filing is an Amendment No. 7 to a Schedule 13G, indicating a previous history of ownership disclosures.
• BlackRock holds sole voting power over 13,842,302 shares and sole dispositive power over 14,952,147 shares.
• The shares were certified by BlackRock as having been acquired and held in the ordinary course of business, not for the purpose of changing or influencing the control of MGM Resorts International.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing a passive ownership stake, providing no positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• The filing indicates a significant, passive investment by BlackRock, Inc., a major institutional asset manager, in MGM Resorts International, which can be viewed as a vote of confidence in the company's long-term prospects by a large institutional investor.

Negatives

• The Schedule 13G filing is a routine ownership disclosure and does not contain information regarding negative aspects of MGM Resorts International's operations or financial performance.

Future Outlook

This filing, a Schedule 13G, is an ownership disclosure and does not provide forward-looking statements or guidance regarding MGM Resorts International's future outlook.

Management Comments

• BlackRock, Inc. certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

BlackRock's significant passive stake in MGM Resorts International reflects continued institutional interest in the gaming and hospitality sector, a sector that has seen varying levels of recovery and growth post-pandemic, attracting investments from major asset managers.

Stakeholder Impact

• Shareholders of MGM Resorts International gain transparency regarding the significant passive ownership stake held by BlackRock, Inc.

Next Steps

• BlackRock, Inc. will continue to monitor its beneficial ownership in MGM Resorts International and will file further amendments to Schedule 13G as required by SEC regulations if its ownership percentage changes materially.

Key Dates

Keywords

MGM Resorts International, BlackRock, Schedule 13G, Common Stock, Institutional Ownership, Passive Investment, Gaming, Hospitality, Casino