Investors need to watch MGM's performance versus the S&P 500.Conditions are finally looking up for MGM Resorts International (MGM -1.93%). After years of pandemic lockdowns, its cash-producing casinos in the Chinese special administrative region of Macao are well into a recovery.However, investors with longer memories know the pandemic's effects on the company and other downturns. The question for investors is whether they can earn market-beating returns with MGM Resorts under such conditions.MGM Resorts ex ...

MGM Resorts International's (MGM) leading sports betting and the iGaming brand, BetMGM, expanded its mobile sports betting service throughout Washington, D.C. This move allows sports fans across the district to use the BetMGM app and earn rewards from MGM Resorts and Marriott Bonvoy.The strategic expansion follows the D.C. Council's approval of its fiscal 2025 budget, which includes opening the digital sports betting market. MGM retains exclusivity around Nationals Park, operating the BetMGM Sportsbook thro ...

文章核心观点 - 投资银行机构看好MGM Resorts International(MGM)的资产组合,认为其具有巨大的发展潜力 [1][2][13] - MGM在拉斯维加斯和澳门市场表现出色,收入和利润均有大幅增长 [5][6] - MGM在线上和移动赌博业务也取得了不错的成绩,BetMGM合资公司2023年收入增长36% [8] - MGM计划在日本投资100亿美元建设度假村,有望进一步提升公司业绩 [9] - MGM正在积极回购自己的股票,已经减少了36%的股份数量 [11][12] 根据目录分类总结 公司业务概况 - MGM是一家大型的赌场运营商,在拉斯维加斯和澳门都有重要的业务 [2][7] - 公司还通过BetMGM合资公司参与了在线和移动赌博业务,取得了不错的成绩 [8] - 未来公司还计划在日本投资100亿美元建设度假村 [9] 财务表现 - 2023年第一季度,MGM收入同比增长13%至44亿美元,超出分析师预期 [6] - 非GAAP利润为每股0.74美元,同比增长68% [6] - 分析师预计2023年收入将增长7%至172亿美元,2025年将达到174亿美元 [10] - 利润方面,预计2023年将增长5%至2.8美元/股,2024年将增长14%至3.19美元/股 [10] 股票回购 - MGM正在积极回购自己的股票,2023年第一季度就回购了1200万股 [11] - 自2021年以来,公司已经减少了36%的股份数量 [11] - 截至季度末,公司还有17亿美元的股票回购额度 [12]

Operator to continue community investment throughout the DMV   Click here to download creative assets WASHINGTON, July 17, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, today launched mobile sports betting operations across Washington, D.C. Previously accessible within only a two-block radius of the sportsbook's location at Nationals Park, sports fans district-wide now have access to the BetMGM sports wagering experience along with rewards tied to both MGM Resorts and Marriott ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MGM Resorts (MGM) . This company, which is in the Zacks Gaming industry, shows potential for another earnings beat.When looking at the last two reports, this casino and resort operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 40.77%, on average, in the last two quarters ...

Investors interested in Gaming stocks are likely familiar with MGM Resorts (MGM) and Churchill Downs (CHDN) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Sty ...

MGM Resorts International TodayMGMMGM Resorts International$43.17 +0.13 (+0.30%) 52-Week Range$34.12▼$51.35P/E Ratio16.60Price Target$54.66Add to WatchlistCasino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. NYSE: LVS and Wynn Resorts Ltd. NASDAQ: WYNN trading down 14.4% and 9.22%, respectively. The best house in the rough neighborhood could be MGM Resorts International NYSE: MGM, whose shares are down 3.67% YTD. The consumer discretionary sector has ...

JERSEY CITY, N.J., July 2, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, was recognized as Sports Betting Operator of the Year and Employer of the Year at the EGR North America Awards 2024. The EGR North America Awards, hosted in New York City on June 27, celebrate excellence in the North American online gaming industry and are considered the premier gaming awards. "Winning two EGR North America Awards is a tremendous honor," said Adam Greenblatt, Chief Executive Officer, BetMG ...

A man walks in front of the Cotai's MGM hotel resort in Macau on March 15, 2023. (Photo by Eduardo ... [+] Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images) AFP via Getty Images MGM Resorts stock currently trades at $44 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region. Now ...

LAS VEGAS, June 26, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2024 after the market closes on Wednesday, July 31, 2024. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations websi ...