MGM Resorts International has made significant progress towards securing a casino license in New York, resulting in valuation focus. This accompanies a major executive reshuffle with Ayesha Molino as COO and Gary Fritz as President of the MGM Digital division. MGM Resorts has projected its earnings for the 2025 third quarter and offered an outlook on global travel trends. Meanwhile, Assenagon Asset Management and MCF Advisors have downsized their stakes in MGM Resorts. Despite challenges to the casino industry, MGM continues to grow, particularly as its $2.3 billion NY casino proposal receives key support. Q2 2025 showcased positive financial results with record revenue, bolstered by the contributions from BetMGM and MGM China. The company also announces major appointments, signaling digital growth. MGM's responsible gaming efforts and partnerships with LIV Golf and Playtech underscore their commitment to social responsibility and innovation, which has incurred positive price trends. Legal hurdles have emerged with MGM agreeing to settle an $8.5M fine for their role in a money laundering case. Its BetMGM division projects boosted revenue propelling MGM's stock up, while the company also looks to enhance Vegas revenue through fee increments. The company remains strong amid universal market shifts and continues to invest in service optimization and digital expansion.
Mgm Resorts International MGM News Analytics from Mon, 18 Nov 2024 08:00:00 GMT to Sat, 27 Sep 2025 19:17:08 GMT -
Rating 4
- Innovation 0
- Information 6
- Rumor -7
