MGM Resorts International has experienced notable developments, cementing their position in the market. Among significant achievements, it has partnered with
Marriott International to launch W Las Vegas, signed a multi-year agreement with Cisco, and partnered with
Playtech to introduce proprietary live casino content directly from Las Vegas. Despite these achievements, MGM's stocks hit a new 52-week low, raising concerns among stakeholders. The company's Q3 profit did surpass estimates, attributing to record revenue. Nevertheless, the business's stock underperformed compared to competitors on a specific Monday. As MGM starts planning new fees on its properties by 2025, investors seem to have mixed views, as seen by the fluctuating SWOT analysis coverage. Shockingly, the business's stock decreased despite an earnings beat. The firm's Management also announced major investments plans in Las Vegas, highlighting its confidence in future growth. Despite the volatility, MGM's strategic alliances like the one it made with
Grupo Globo for sports betting & iGaming in Brazil are viewed positively. Ultimately, while the recent performance has been a rollercoaster, some analysts consider MGM Resorts undervalued and a strong investment opportunity.
Mgm Resorts International MGM News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Fri, 10 Jan 2025 22:27:41 GMT -
Rating 6
- Innovation 2
- Rumor -2
