MGM Resorts International (MGM) has been highlighted as a preferred stock selection for HG Vora Capital Management for 2025, indicating strong market optimism. MGM closed Q4 and the full year of 2024 with record revenues, and exceeded earnings per share (EPS) expectations by 7.1%, another strong positive sign. The company also drew significant betting action on a high-profile US-Canada hockey game demonstrating a positive market for its sports betting segment.
Major collaborations with reputable corporations such as Netflix to provide unique dining experiences and a signed agreement with Marriott International also reinforces MGM's robust strategic planning. MGM's Q4 earnings also surpassed expectations, fueling further optimism. The Company has a proposed senior notes offering and increased efficient operations in Las Vegas with their new Amadeus Central Reservation System. MGM has announced significant strategic changes, including a $300 million room and suite remodel initiative and unveiling proprietary live casino content in partnership with technology leader Playtech. The Company's performance in China has also yielded strong revenue, emphasizing MGM’s diverse and growing global foothold.
Mgm Resorts International MGM News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Fri, 21 Feb 2025 22:44:59 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor 4
