MGM Resorts International has experienced significant financial activity.
Oppenheimer & Co. has a $2.24 million stock position, while
Susquehanna and
Empirical Financial Services sold significant shares. At the same time, organizations like
FDx Advisors, Inc.,
Private Advisor Group, LLC, and
Janney Montgomery Scott LLC have boosted their stake. The company launched a successful $750,000,000
Senior Notes Offering and surpassed its target of donating
5 Million meals to combat food insecurity. The
institutional shareholders largely control the company at 68%.
The company has expanded business operations through a
partnership with the New York Yankees and the opening of another hotel in China. In a strategic move,
MGM Resorts partnered with technology leader Playtech to launch proprietary live casino content directly from Las Vegas. Their growth is reflected in the constantly upbeat
financial results, breaking records in Q4 of 2023, and Q1 of 2024. There have been minor system outages and run-ins with FTC over a cyberattack investigation, but this hasn't stalled the company's forward momentum.
The company is expanding in the sportsbook scene, culminating in the acquisition of Tipico's U.S platform, and setting sights internationally with BetMGM. They also made strides in socially responsible gaming with Kindbridge.
Mgm Resorts International MGM News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 14 Jul 2024 21:37:05 GMT -
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