Norges Bank invested a fresh $60.57M into
MGM Resorts International significantly expanding their holdings. MGM managed to reclaim some traction after recent share price fluctuations, prompting a reassessment of its
valuation. The
Morimoto Las Vegas at MGM Grand enthralled visitors with its relaunch.
NoMad Las Vegas underwent a rebranding, transforming into
The Reserve at Park MGM in an effort to pivot the investment narrative. Barclays maintains its
buy rating on MGM and retained a $42 target price. Capital One Financial lowered MGM's price target to $46.00. The
MGM Grand finalized an impressive $300M room and suite remodel marking a new era.
BetMGM expanded into Missouri launching its sportsbook and mobile app. Financial firms, including Fisher Asset Management LLC and OMERS ADMINISTRATION Corp, reduced their respective stock holdings in MGM. MGM Resorts saw its shares jump 6.9% after a surge in F1 Visitor traffic and a record performance by BetMGM.
Ayesha Molino and
Gary Fritz were announced as the new chief operating officer and chief commercial officer, respectively. In spite of some negative sentiment following Q3 reporting, the company remains hopeful due to an improved outlook for 2026.
Mgm Resorts International MGM News Analytics from Fri, 28 Feb 2025 08:00:00 GMT to Sat, 06 Dec 2025 15:02:10 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor 3
