Morgan Stanley issued a positive forecast for
MGM Resorts International, while UBS lowered the stock price target based on Vegas trends. MGM's COO, Corey Sanders, announced his retirement after a 30+ year tenure and MGM welcomed Ryan Abboushi as the new president of entertainment. Several financial bodies, including UniSuper Management Pty Ltd and Ilmarinen Mutual Pension Insurance, bought new shares in MGM, while Adage Capital Partners GP L.L.C., Jump Financial LLC, and Trexquant Investment LP sold a number of shares. The company's
Q2 2025 earnings highlighted record revenue and strategic developments leading to a 'Moderate Buy' rating from analysts. MGM is increasing its commitment to responsible gaming and problem gambling research. Additionally, MGM's growing sports betting strength was reflected in its quarterly revenue rise. Various collaborations were announced including LIV Golf, and a partnership with Playtech for a new offering of 'Live from Vegas'. The company also unveiled an innovative live casino game 'Family Feud'. BetMGM updated its 2025 guidance and introduced a new app. While there were some reports of lowered outlook due to Las Vegas trends, MGM remains focused on restoring growth trajectory and marks its presence in the digital sector.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 13 Sep 2025 20:55:42 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor 3
