MGM Resorts' BetMGM inks a multi-year deal with USA TODAY Sports to deliver integrated sports betting odds and information across a vast network.
MGM (MGM) reported earnings 30 days ago. What's next for the stock?
MGM stock's long-term strategy centers on leveraging growth opportunities while maintaining a shareholder-friendly approach.
The casino sector offers attractive P/E ratios, with brick-and-mortar casinos presenting solid entry points despite the online gaming craze. Monarch Casino & Resort, Inc. and MGM Resorts International are top picks, undervalued with strong growth potential and prudent management strategies. The US casino industry is projected to grow at a 12% CAGR to 2030, with record visitation and robust regional growth.
MGM Resorts (MGM) focuses on the rollout of a single account and wallet feature to enhance customer engagement and solidify its omnichannel strategy. However, high costs are a concern.
MGM Resorts (MGM) has taken a significant step forward in its global expansion strategy by forming a strategic alliance with Grupo Globo, the largest media group in Latin America.
MGM Resorts International's strategic partnership with Marriott significantly enhances its market reach and customer base. Its aggressive stock repurchases demonstrate management's commitment to returning capital to shareholders.
MGM is an industry giant with a reasonable debt load and a global vision that some investors struggle to understand. Management under Bill Hornbuckle has shown resilience through crises and strategic acquisitions, positioning the company for future growth. Despite concerns about debt and global strategy, analysts see MGM as undervalued with potential for significant upside based on valuations and financial stability.
MGM Resorts is generating cash and buying back stock, so why is the market worried?
Revenue and earnings both topped expectations for the second quarter of 2024. Investors are worried about weaker demand this year during the F1 race.
Shares of hotel and casino operator MGM Resorts International (MGM) dropped sharply Thursday after the company's top executive mentioned lackluster bookings for a big Formula 1 race-car event coming to Las Vegas in November.
MGM Resorts' (MGM) second-quarter top line reflects strong contributions from MGM China. Also, growth in Las Vegas and a strategic partnership with Marriott added to the positives.