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Net income at Las Vegas Strip casinos and resorts soared 187% year over year to $1.4 billion. As of September 2021, 1,200 funds owned MGM stock, accounting for around 40% of its ownership. Casino operators and other travel-associated stocks have had a rough summer season, but are attempting to bounce back in recent days as investors bet that U.S. China lockdowns also could ease immediately after stiff restrictions in several regions to snuff out outbreaks. With a Composite Rating of 68, MGM stock is ranked No. 9 in IBD’s leisure-gaming/equipment business group.

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