MGM Resorts International has seen mixed news recently. The company has been involved in several sales of its shares, with Ameriprise Financial Inc. and Riverview Capital Advisers LLC selling significant stakes. Insider sales took place as well, with COO Corey Ian Sanders selling 40,000 shares. Despite this, firms such as Occudo Quantitative Strategies LP, Jefferies Financial Group Inc., and Gotham Asset Management LLC made new investments or boosted their stakes in MGM. The company also welcomed new management with
Ryan Abboushi stepping in as President of Entertainment. MGM reported significant growth in its
digital earnings and international expansion Q1 2025, beating estimates and prompting a spike in stock prices. However, certain operational changes, such as the elimination of concierge desks at six Las Vegas hotels, received mixed responses. MGM also faced legal challenges, with Nevada regulators imposing an
$8.5 million fine for their involvement with illegal bookmakers. Despite some turbulence, CEO
Bill Hornbuckle was retained and is optimistic about future performance, expecting a record April for Las Vegas properties.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 17 May 2025 12:17:04 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor -7
