MGM Resorts International has achieved several notable milestones and presented a number of exciting developments. The company formed a
new venture with Grupo Globo to pursue sports betting and iGaming license in Brazil, marking its entry into the lucrative market. Despite some days underperforming compared to competitors, several strong trading days outperformed their rivals. The
director Paul Salem acquired 147,500 shares signalling his confidence in the company’s future. Record revenues from China and Las Vegas helped boost MGM Resorts' stocks after Q1 results. The company also announced record Q4 and Full Year 2023 results, driving a stock rally. The venture with Grupo Globo moves closer to launching BetMGM in 2025, indicating positive growth. Financial and operational setbacks like a computer outage causing delays haven't overshadowed the company's upwards trajectory. Meanwhile, the
partnership with technology leader Playtech to launch proprietary live casino content furthers its innovation efforts. MGM Resorts also increased its focus on corporate social responsibility with its releases of 2023 Social Impact and Sustainability Report and ambitious food donation goals. Overall, MGM Resorts presents a solid investment opportunity with continuous strategic moves, strong financial performance and a commitment to sustainability.
Mgm Resorts International MGM News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sat, 17 Aug 2024 12:59:24 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -2
