MGM Resorts International (MGM) had a busy period, with significant operational adjustments and financial developments. The company announced the
completion of the sale of MGM Northfield Park's operations for
$546M. The
Clairvest Group is the new owner of the Ohio's Northfield Park, with
VICI entering a lease agreement with them. MGM's Q4 statements showed
increased earnings and revenue. However, despite these results,
Citigroup downgraded MGM Resorts. The company also unveiled
all-inclusive packages at two of their Las Vegas Strip resorts. Meanwhile,
JP Morgan retained a Hold rating on MGM and raised the target price. In terms of infrastructure,
MGM's Las Vegas Strip is now powered at 100% of daytime electricity with solar. Additionally, MGM's CEO admitted they 'lost control' of the narrative over high prices. Lastly, investors should watch for MGM's future performance, especially as the company surprisingly partnered with Technology partner
Playtech to expand 'Live from Vegas' offerings.
Mgm Resorts International MGM News Analytics from Wed, 25 Jun 2025 07:00:00 GMT to Fri, 24 Apr 2026 13:12:11 GMT -
Rating 4
- Innovation 1
- Information 6
- Rumor -6
