Recent reports indicate a mixture of events promoting a positive image for MGM Resorts International (MGM). The company is receiving recognition for supporting wounded veterans and fighting food insecurity. It has also recently partnered with Marriott International to launch W Las Vegas. Troubles still surface, though, as stock has intermittently underperformed against competitors and quarter estimates have been missed, notably due to sluggishness in the Las Vegas business and despite strong trading days. MGM is, however, full speed ahead for the 2024 Las Vegas Grand Prix. It continues to see increasing record revenues while raising worries over future revenue problems. Some see it as a more enticing bet over Las Vegas Sands. Major investments are planned for Las Vegas and the stock is still touted by analysts as one of the best entertainment investments. MGM's focus is not only on dominance in Las Vegas but recovery and expansion in Macao. It's also increased its use of renewable energy and speaks optimistically about long-term prospects for BetMGM operations.
Mgm Resorts International MGM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 15:02:00 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor 4
