MGM Resorts International has come to a
$45 million agreement for victims of a data breach in 2019 and a ransomware attack projected to occur in 2023. Despite recent daily gains,
stock performance is lacking when compared to MGM's competitors. They've also launched the
W Las Vegas in partnership with
Marriott International, indicating a shift towards diversifying their revenue streams. In addition, MGM's plans include strategic partnership deals, such as a multi-year agreement with
Cisco, along with a series of strategic investments in
Las Vegas aiming to boost financial performance. Notably,
Chris Davis has increased his stake in MGM Resorts. Furthermore, the company's CFO will be presenting at a
Deutsche Bank Conference. An important event to watch will be MGM's Q4 2024 earnings - investors are eager to see whether it can maintain its
record revenue growth. In terms of product innovations, MGM is partnering with
Playtech, a leading technology company, to launch proprietary live casino content. Despite the positive outlook, increased resort and parking costs at its properties have been announced for 2025, which may impact customer sentiment.
Mgm Resorts International MGM News Analytics from Tue, 09 Apr 2024 07:00:00 GMT to Thu, 30 Jan 2025 22:19:00 GMT -
Rating 5
- Innovation 7
- Information 3
- Rumor -4
