MGM Resorts International (MGM) has been making significant strides, raising optimistic sentiment among investors. The company is expected to see a lift from the major renovation of the MGM Grand, along with boosted outlooks from BetMGM. Stocks jumped as BetMGM raised guidance acknowledging a growing trend in the market. MGM's shares have seen solid returns with a reported 101% increase in the past five years. Furthermore, their 2025 financial outlook has improved due to its strong growth in digital. Notably, MGM Resorts has reported a record revenue in 2024, with its digital segment up by 28% as the betting platform is nearing its launch. Despite this, MGM did face an $8.5 million fine for its role in a money laundering case. However, the company remains optimistic with its CEO Bill Hornbuckle securing tenure through 2028. They're also forming major partnerships such as with Marriott International to launch W Las Vegas. Lastly, the company is tapping into the entertainment industry, welcoming Ryan Abboushi as the President of Entertainment and unveiling new dining experiences in collaboration with Netflix.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 21 Jun 2025 13:45:48 GMT -
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- Information 7
- Rumor -2
