MGM Resorts International vs NEOS S&P 500 High Income ETF — how do they compare? MGM Resorts International trades at $44.04 (market cap $11.10B), while NEOS S&P 500 High Income ETF trades at $54.15. The key difference: MGM Resorts International pays a 0.03% dividend while NEOS S&P 500 High Income ETF pays none, and NEOS S&P 500 High Income ETF is trading nearer its 52-week high, MGM Resorts International nearer its low. Which is the better fit depends on your goals.
| MGM | SPYI | |
|---|---|---|
Market Cap | $11.10B | — |
Sector | Consumer Cyclical | Income / Options Overlay |
52-Week High | $50.69 | $54.19 |
52-Week Low | $30.72 | $47.98 |
Enterprise Value | $38.40B | — |
Dividend Yield | 0.03% | — |
Trailing returns across standard periods
Latest headlines on both assets
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Cosmopolitan, Luxor, New York-New York, and CityCenter. The Strip contributed approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. we estimate MGM's U.S. sports and iGaming operations are currently a mid-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2027.
Read more on MGM →SPYI is an actively managed ETF designed to generate high monthly income through a data-driven call option strategy on the S&P 500 Index. Unlike traditional covered call funds that often forfeit significant upside, SPYI utilizes a 'call spread' approach—selling near-the-money calls while buying out-of-the-money calls—to capture a portion of equity appreciation in rising markets. It prioritizes tax efficiency by utilizing Section 1256 contracts and tax-loss harvesting to provide investors with high-yield monthly distributions.
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