MGM Resorts International (MGM) has been at the center of significant financial activity and strategic moves. Despite reaching a new 12-month low, there has been a surge of investment interest highlighted by actions from Aviva PLC, Resona Asset Management Co. Ltd., and Integrated Quantitative Investments LLC. A highlight for the stock was MGM's record full year 2024 results, buoyed by strong China casino revenue and digital growth by 28%. MGM has initiated substantial physical improvements with a $300 million room and suite remodel at MGM Grand, while the Bellagio Fountain Club has returned for the Formula 1 Heineken Las Vegas Grand Prix in 2025 offering exclusive experiences. MGM made partnership strides with Marriott International and Cisco, and unveiled a new dining experience with Netflix in Vegas. Despite some stocks being sold by various entities, MGM's resilience has persuaded many analysts to retain the stock and encourage new investors. In terms of corporate responsibility, MGM has been recognized for creating an inclusive workplace, and the company's CEO, Bill Hornbuckle, has been selected National Chair of the U.S. Travel Association. MGM has also taken steps to compensate victims of previous data breaches with a $45 million settlement.
Mgm Resorts International MGM News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Sun, 13 Apr 2025 01:02:59 GMT -
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