There are several noteworthy reports about MGM Resorts International (MGM). Notably, Wright Investors Service Inc. invested $1.04 million in MGM. The hotel and casino operator has made strides in outperforming its competitors, even showing bullishness according to analysts for its undervalued stock. Despite some stock fluctuations, MGM maintains an attractive long-term growth story. The company is making significant strides in sustainability and corporate responsibility, such as increasing renewable energy use, donating meals to fight food insecurity, and incentivizing water conservation.
MGM also has a solid growth strategy, including plans for major investments in Las Vegas and applications for gaming licenses in the UAE. Meanwhile, the MGM brand is growing through partnering with technology leader Playtech to launch live casino content from Las Vegas and with Grupo Globo for sports betting in Brazil. Moreover, MGM's earnings have often surpassed analyst revenue forecasts while achieving record net revenues. Nonetheless, there is mixed performance, including underperformance in the consumer cyclical sector and warnings about Formula 1 pre-bookings.
Mgm Resorts International MGM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sun, 06 Oct 2024 00:40:59 GMT - Rating 7 - Innovation 3 - Information 6 - Rumor -3
