MGM Resorts International (MGM) has had a diverse selection of events reported in recent times. The corporation's
stock outlook remains mixed despite various growth initiatives and a bull case has been presented for the firm. With
Ryan Abboushi stepping in as the fresh President of Entertainment, the future of the company's entertainment sector looks promising. MGM's revenue has seen a hit, yet the Las Vegas numbers were acknowledged as 'solid'. There is an expected surge in revenue due to
fee increases in Las Vegas. Also, under a
multi-year agreement with Cisco, there is speculation of potential growth.
Morgan Stanley maintained its rating on the corporation while adjusting the price target to $37. Recent reports suggest that China is set to propel MGM to record revenue by 2024. However, the company has been ordered to pay an $8.5M fine over illegal bookmakers, an action that may influence investor sentiment negatively.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Fri, 30 May 2025 20:46:00 GMT -
Rating 4
- Innovation 0
- Information 5
- Rumor 3
