Amid a landscape of news relating to MGM Resorts International (MGM), some key themes emerge. MGM’s third quarter 2024 was characterized by mixed results including a miscalculation on baccarat, leading to surprising lows. However, MGM also reported record revenues and notable share buybacks. Developments in MGM’s business strategy are also significant with an increased focus on sports tourism identified by the CEO as a considerable opportunity for growth in Las Vegas. While the performance in Las Vegas has been sluggish, China has seen growth.
An exciting partnership between MGM and Marriott has been reported with stronger than anticipated results. In line with this, MGM and Marriott are launching W Las Vegas strengthening their footprint in the hospitality industry. Analysts have considered MGM stock undervalued and a good buy. BetMGM has positively impacted MGM Resorts' net revenues. Furthermore, MGM's performance saw a boost from initiatives like renewable energy adoption and ongoing philanthropic efforts.
Mgm Resorts International MGM News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 07:45:12 GMT - Rating -3 - Innovation -1 - Information 5 - Rumor 2
