MGM Resorts International experienced a series of significant movements. Noteworthy events included CFO,
Jonathan S. Halkyard, purchasing 10,000 shares, suggesting confidence in the company's future performance. There was also discussion about potential returns for customers as part of a $45M settlement with popular hotels. Positive news came in the form of record revenues for the full year of 2024 as MGM Resorts posted profits that indicated strong China Casino Revenue. Anticipatory buzz grew as MGM Resorts and the
College Basketball Crown entered into an official partnership and new dining experiences were launched in partnership with
Netflix. The company also reached a new 52-week low, provoking speculation about its future direction. There were several deals with various partners, notably a multi-year agreement with
Cisco and a commitment to problem gambling research, treatment and public awareness.
MGM and
Marriott International announced an agreement to launch W Las Vegas and a $300M room and suite remodel was announced for MGM Grand. Despite achieving record quarterly earnings, the stock hit a 12-month low, resulting in mixed sentiment for MGM Resorts.
Mgm Resorts International MGM News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Sun, 09 Mar 2025 00:10:22 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 5
