MGM Resorts International (MGM)
MGM Resorts operates casino hotels on the Las Vegas Strip and in regional markets plus online gaming.
Consumer Discretionary stock comparison
MGM vs WYNN: which business are you actually underwriting?
Compare MGM Resorts International with Wynn Resorts, Limited using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Consumer
- Industry
- Same SIC
- Shared themes
- 0
- Updated
- 2026-03-02
MGM vs WYNN: quick comparison
| Company fact | MGM | WYNN |
|---|---|---|
| Company | MGM Resorts International | Wynn Resorts, Limited |
| Exchange | NYSE | NASDAQ |
| SEC industry | Hotels & Motels | Hotels & Motels |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-11 | 10-K · 2026-03-02 |
How the businesses differ
Why this pair belongs in the comparison set
MGM and WYNN share the SEC industry classification “Hotels & Motels,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
Wynn Resorts, Limited (WYNN)
Wynn Resorts owns luxury casino resorts in Las Vegas and Macao and is developing new properties.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. MGM is classified by the SEC as Hotels & Motels, while WYNN is classified as Hotels & Motels. The matching industry code strengthens the peer comparison, although product mix can still differ materially.
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The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study MGM when…
- Las Vegas Strip visitation, convention business, and gaming versus non-gaming revenue mix
- Regional US casino market performance
- Online sports betting and iGaming growth through the BetMGM joint venture
- International exposure through Macau joint ventures
Study WYNN when…
- Real wage growth and consumer confidence
- Interest rates on autos and big-ticket credit
- Inventory cycles and promotional intensity
- The trade-down between premium and value
Shared research themes
Hotels & Motels (SEC industry)
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.MGM's fiscal year ends December 31, while WYNN's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 2matched transaction rows for MGMand 8 for WYNN. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
MGM primary filings
WYNN primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
MGM vs WYNN FAQs
Are MGM and WYNN direct competitors?
MGM Resorts International and Wynn Resorts, Limited share the SEC industry classification “Hotels & Motels.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Which is better, MGM or WYNN?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this MGM vs WYNN comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers MGM Resorts International and Wynn Resorts, Limited tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
MGM vs WYNN shows how the businesses differ. Membership is the monthly sourced view of who could benefit, what could break, and what evidence matters next. $15/month or $150/year.
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