GAM Holding AG and Assenagon Asset Management have made significant purchases in MGM Resorts International's ($MGM) shares recently. The company witnessed major changes in its executive board, with the retirement of the COO Corey Sanders, and Ayesha Molino being appointed in his place. MGM Resorts also entered into a long-term branding agreement with MGM China, leading to a major shift in the company's investment narrative. While Truist Securities has lowered MGM's price target, there's speculation the stock is readying for its next move. The company reported Q3 2025 financial results, featuring a downturn due to losses in its Las Vegas business. Still, the company completed a major remodel at MGM Grand Las Vegas and sees a long-term growth potential with their integrated resort project in Japan. The company had setbacks, including an acknowledged pricing issue during the summer and loss charges associated with a failed N.Y casino bid, but positive developments include continued strong performance and the expansion of 'Live from Vegas' with technology partner Playtech.
Mgm Resorts International MGM News Analytics from Tue, 08 Apr 2025 07:00:00 GMT to Sat, 03 Jan 2026 12:59:18 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor 3
