MGM stock jumps 8.5%, but a Las Vegas visitor slump and betting-market fight loom large
MGM Resorts shares jumped 8.5% to $37.19 Wednesday, rebounding after Caesars’ results eased concerns over Las Vegas demand. New data showed Las Vegas lost 3.1 million visitors in 2025, down 7.5% year-over-year, the steepest drop outside the pandemic since 1970. Nevada regulators sued to block Kalshi from offering sports prediction contracts. U.S. stock futures slipped ahead of jobless claims and inflation data.