MGM Resorts International is reportedly considering introducing new fees at its properties by 2025. The firm has entered a partnership with Marriott International to launch W Las Vegas. Despite the company's target price being cut to $50.00 by Jefferies Financial Group, it continues to receive a 'Moderate Buy' consensus rating from brokerages. Recently, the company inked a multi-year agreement with Cisco, partnered with Playtech to launch live casino content directly from Las Vegas, and was commended for its inclusive workplace. However, its stock tumbled despite an earnings beat, perhaps due to reports of a closure of a celebrity-chef restaurant. The future looks promising for MGM with a major investment slated for Las Vegas, and analysts recommending the undervalued cyclical stock as a 'buy'. Yet, some quarterly estimates were missed attributed to a sluggish Las Vegas business. Overall, MGM has positioned itself as a leading player in the hospitality and entertainment industry and continues to strive for growth.
Mgm Resorts International MGM News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Fri, 03 Jan 2025 13:43:36 GMT -
