MGM Resorts International (NYSE:MGM) has shown a robust performance in the previous quarter and the full year of 2024, generating record revenues. The revenue boost primarily stemmed from MGM's operations in
China. Still, its
Las Vegas property experienced a decline in the fourth quarter, despite a promising outlook for convention bookings. The management of MGM Resorts is heavily focusing on
digital expansion in 2025, hinting at the imminent launch of a new
betting platform.
The resort giant has also expanded its board by introducing an executive from NBCUniversal and settled a $45 million case about a
Data Breach during 2019 and a
Ransomware Attack in 2023. The company has also made considerable efforts to improve its responsible gaming initiatives and further its commitment to problem gambling research, treatment, and public awareness.
Its ventures include a partnership with
Marriott International, which outperformed expectations, and a multi-year agreement with
Cisco. It also plans to commence operations in Japan and Brazil through strategic collaborations. Despite a few setbacks, analysts remain bullish on the potential of the resort company.
Mgm Resorts International MGM News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Fri, 04 Apr 2025 11:00:09 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -3
