MGM Resorts International (MGM) continues to stir the news with various implications for the entity's future. The company's earnings report is highly anticipated, with several analysts adjusting their price targets upward. Furthermore, LIV Golf has partnered with MGM Resorts, and Cisco entered a multi-year agreement, signaling positive partnership announcements. Additionally, Ryan Abboushi's appointment as President of Entertainment is expected to bring a new direction to MGM's entertainment offering. MGM also unveiled a new dining experience in collaboration with Netflix at the MGM Grand. Impressively, MGM showcased strong revenue growth in China. Despite MGM facing an $8.5 million fine for money laundering violations, the company received honors from EPA for its food recovery efforts at the Bellagio Hotel and Casino. There are concerns, however, about cash flow issues, highlighted by a 'sell' rating from Goldman Sachs. Importantly, MGM and Marriott International announced an agreement to launch W Las Vegas, expressing further ambition to expand. Their revenues are expected to increase on strong Q1 BetMGM results and superb China Casino Revenue. MGM Resorts further announced the MGM Rewards Onboard Earning Benefit at Sea, depicting an innovative approach in the entertainment industry.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Fri, 11 Jul 2025 17:28:29 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -3
