MGM Resorts International (MGM) stock has been experiencing upward movement thanks to resilient performances especially in the
digital division, specifically
BetMGM. Investment firms such as
Nuveen Asset Management LLC and
Chemistry Wealth Management LLC have strengthened their position in MGM. MGM's leadership witnessed changes with
Ryan Abboushi being appointed as the President of Entertainment.
Bill Hornbuckle, MGM's CEO, has had his contract extended through 2028, promising a future of growth and innovation. However, challenges exist with the recent imposition of a
$8.5M fine related to money laundering allegations. Solid financial results were reported in 2024 and expectations for 2025 are broadly in line with projections. MGM's increase in
fees at Las Vegas properties is expected to boost revenues. Other notable activities include the signing of a multi-year agreement with
Cisco and promising initiatives with
Marriott International. MGM's Chinese revenues have been strong, escalating the overall revenues to a record level. Despite a slight dip in Q1 tourist inflow and revenues in Las Vegas, the CEO maintains high optimism.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 10:59:18 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
