Key TakeawaysShares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International have been lifted by China's measures to boost its economy.The steps by Beijing are expected to boost business at their casinos in Macau.Wynn Resorts also received an upgrade from Morgan Stanley. Shares of Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) gained again Friday on optimism that the big stimulus package announced by China will increase business at their casinos in Macau.  All three h ...

There's a wide moat and strong cash flow behind this business.The gaming and entertainment industry has big barriers to entry, from limited land to regulatory limitations in the U.S. and around the world. That's why MGM Resorts' (MGM 1.36%) business is so attractive, and as Travis Hoium shows in this video, the stock is extremely cheap right now.*Stock prices used were end-of-day prices of Sept. 23, 2024. The video was published on Sept. 24, 2024. ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Amazon MGM Studios will soon join the Motion Picture Association, the lobbying arm of Hollywood's major studios announced. The Seattle-based tech and retail giant—which distributes content via its theatrical arm, Amazon MGM, and its streaming service, Prime Video—will officially become the sev ...

LAS VEGAS, Sept. 20, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the Deutsche Bank 32nd Annual Leveraged Finance Conference on Tuesday, September 24, 2024. MGM Resorts CFO and Treasurer Jonathan Halkyard will speak at a session scheduled to begin at 8:00 a.m. PT. A live webcast of the session will be available under the Events & Presentation section of the MGM Investor Relations website at http://investors.mgmresorts.com About MGM Resorts I ...

The renowned entrepreneur's cult-favorite vegan burger chain joins Q1227, Sienna Wings, Taco Mell, NYAM, and Vyoone's with limited-edition menu items exclusively at Mandalay Bay Resort and Casino and Luxor Hotel & CasinoPURCHASE, N.Y., Sept. 19, 2024 /PRNewswire/ -- PEPSI® Dig In, a platform designed to drive access, business growth and awareness for underserved restaurants, is bringing six all new dishes with four new crafted cocktails to Las Vegas for its third annual Restaurant Royalty Residency. Startin ...

MGM Resorts International's (MGM) sports betting and iGaming brand, BetMGM, has entered a multi-year partnership with Gannett Co., Inc. (GCI) to act as the preferred online sportsbook and casino partner for USA TODAY Sports.Per the agreement, BetMGM will provide sports betting odds and detailed betting information across the extensive USA TODAY Network, which spans more than 200 local U.S. markets in 43 states. This partnership will also leverage over 300 digital news and media brands within the network's p ...

Hospitality industry leader will more than double solar electricity access LAS VEGAS, Sept. 12, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") is making a bold leap toward its ambitious sustainability goals, signing a power purchase agreement with Escape Solar LLC that will more than double its access to clean solar electricity—an extraordinary stride toward a greener future. The agreement will help propel the Company closer to its goal of procuring 100% renewabl ...

LAS VEGAS, Sept. 3, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has priced a public offering of $850,000,000 in aggregate principal amount of 6.125% senior notes due 2029 at par. The offering of notes was upsized from the originally announced aggregate principal amount of $675,000,000. The transaction is expected to close on September 17, 2024, subject to customary closing conditions.The Company intends to use the net proceeds from the offering of the n ...

LAS VEGAS, Sept. 3, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it proposes to offer $675,000,000 in aggregate principal amount of senior notes due 2029.The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 5.750% senior notes due 2025. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities or similar investments.The notes b ...

It has been about a month since the last earnings report for MGM Resorts (MGM) . Shares have added about 0.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MGM due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. MGM Resorts Q2 Earnings & Revenues Surpass EstimatesMG ...