MGM Resorts International(MGM)
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MGM RESORTS & BETMGM TO INCREASE RESPONSIBLE GAMING MESSAGING AT NFL STADIUMS DURING UPCOMING SEASON
Prnewswire· 2024-08-30 21:30
Companies also announce expansion of partnerships promoting responsible gaming & consumer education LAS VEGAS, Aug. 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") and BetMGM announced today that they are once again partnering with the American Gaming Association (AGA) to promote Responsible Gaming Education Month (RGEM 2024) in September. The two companies will execute their responsible gaming campaign at designated National Football League (NFL) stadiums ...
MGM Resorts Stock Drops 15% YTD: Is It the Right Time to Buy?
ZACKS· 2024-08-28 22:35
文章核心观点 - MGM Resorts International的股票表现低于行业和大盘,主要受到宏观市场波动和澳门市场不确定性的影响 [1][2][3] - MGM面临的主要挑战包括:澳门市场前景不确定、拉斯维加斯增长面临阻力、过度投资于高端奢侈品业务 [4][5] - MGM的估值指标有所下降,投资者信心受到影响 [6][7][8] 公司概况 - MGM正在推进数字化战略,其数字业务BetMGM已实现盈利,并通过收购等方式增强了技术实力和内容优势 [10][11] - 公司正在积极拓展全球市场,包括在纽约、日本和阿联酋等地的项目,以及潜在的泰国市场 [12] - 公司长期战略是抓住增长机会,同时保持股东友好的方式 [13] 投资建议 - 对于现有投资者,持有MGM股票可能是较为谨慎的做法,因为短期内仍存在一些不确定性 [14][15] - 新投资者可以暂时观望,待公司不确定因素有所缓解后再考虑投资 [15]
MGM COLLECTION UNVEILS FIRST FOUNTAINS OF BELLAGIO SHOW CHOREOGRAPHED BY A GUEST
Prnewswire· 2024-08-27 22:00
For the First Time in its 25-Year History, Iconic Las Vegas Attraction Welcomes a Guest to Create New Show as Part of Once-In-A-Lifetime Marriott Bonvoy Moments® Inspired by MGM CollectionLAS VEGAS, Aug. 27, 2024 /PRNewswire/ -- It's a beautiful day at Bellagio, operated by MGM Resorts International and part of the Luxury Collection by Marriott Bonvoy. The Fountains of Bellagio celebrated a milestone with the debut of its 40th show, set to "Beautiful Day" by U2 and choreographed by Marriott Bonvoy Elite mem ...
Monarch And MGM Are Our Top Picks With Compelling P/Es Among Our 'Big Six'
Seeking Alpha· 2024-08-27 04:35
f11photo/iStock via Getty Images Above: Denver metro looms as a key market for Monarch Casino & Resort, Inc.'s move to Colorado. Premise: Amid the AI/tech deluge that has swung volume away from many industry groups stands the casino sector, with prices at very attractive P/Es. Many of today’s investors do not remember when casino stocks, per se, commanded such strong volumes, if not frenetic runs between 1978 and 1987. Since then, there have been some fat returns north, and periods of flat lined trading ...
BetMGM Sports Betting App Leads Industry with Only Seamless Nationwide Access for Nevada Bettors
Prnewswire· 2024-08-22 18:00
Single digital wallet eliminates the need to complete multiple registrationsClick here to download creative assetsLAS VEGAS, Aug. 22, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting company, is setting a new industry standard by becoming the first sports betting app to offer Nevada bettors seamless, nationwide connectivity through a single, digital wallet. Through its operation and partnership with MGM Resorts International and powered by Entain's technology, this innovative feature makes ...
MGM RESORTS WELCOMES GLOBAL HOSPITALITY LEADER KEITH BARR TO BOARD OF DIRECTORS
Prnewswire· 2024-08-22 04:15
LAS VEGAS, Aug. 21, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today appointed Keith Barr, former CEO of IHG Hotels & Resorts (IHG), to the Company's Board of Directors. Barr becomes the 12th member of the board.Barr is a globally recognized leader in the hospitality industry, with more than 30 years of experience. He served as the CEO of IHG Hotels & Resorts between 2017 and 2023 and as IHG's Chief Commercial Officer between 2013 and 2017. In that time, Barr ...
Here's Why Investors Should Retain MGM Resorts (MGM) for Now
ZACKS· 2024-08-20 23:26
MGM Resorts International (MGM) is likely to benefit from sports betting prospects, solid Las Vegas performance and license development projects. Also, its focus on the single account and wallet feature bodes well. However, elevated expenses are a concern.Let us discuss the factors that highlight why investors should retain this Zacks Rank #3 (Hold) stock for now.Factors Driving GrowthAdvancements in Digital Strategy: MGM made significant strides in advancing its digital strategy, which has become a corners ...
MGM RESORTS INTERNATIONAL RECOGNIZED FOR CREATING AN INCLUSIVE WORKPLACE
Prnewswire· 2024-08-20 23:23
LAS VEGAS, Aug. 20, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named a Pinnacle Inclusion Index Company in the 2024 Seramount Inclusion Index. Renowned as the preeminent organizational thought leaders to share best practices and develop innovative solutions for cultural change, Seramount's recognition underscores MGM Resorts' commitment to fostering an equitable and inclusive workplace across its operations."We are honored to be recognized for our co ...
MGM Resorts (MGM), Grupo Globo to Launch BetMGM in Brazil
ZACKS· 2024-08-16 21:50
文章核心观点 - MGM Resorts International与拉丁美洲最大媒体集团Grupo Globo建立战略联盟,旨在获得巴西体育博彩和互联网博彩牌照[1][2][3] - 这一合资公司将以BetMGM品牌运营,预计于2025年初正式上线[2] - 双方将结合MGM Resorts在游戏和娱乐领域的专业优势,以及Grupo Globo对巴西市场的深入了解,打造针对当地消费者偏好的优质产品[2][4] 巴西市场潜力 - 巴西拥有2000万以上的活跃博彩用户,市场规模超过30亿美元,且呈现双位数增长[3] - 这使得巴西成为国际游戏运营商的重点目标市场[3] 合资公司优势 - 将借助Grupo Globo每天接触近7000万巴西人的广泛媒体触达能力[4] - 结合MGM Resorts领先的技术和知名品牌,将打造出在竞争激烈的巴西市场脱颖而出的顶级博彩平台[4] 战略意义 - 进军巴西市场是MGM Resorts全球拓展战略的关键里程碑[5] - 如果成功,这一合资公司将为双方带来可观的价值,并为巴西消费者提供领先的博彩体验[6]
MGM RESORTS INTERNATIONAL, GRUPO GLOBO FORM NEW VENTURE SEEKING SPORTS BETTING & IGAMING LICENSE IN BRAZIL
Prnewswire· 2024-08-15 21:00
Strategic alliance pairs MGM Resorts' gaming expertise with Grupo Globo's superior reach and consumer knowledge in the Brazilian marketLAS VEGAS, Aug. 15, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") and Grupo Globo, Latin America's largest media group, today announced the formation of a new venture to seek a sports betting and iGaming license in Brazil. If its license is approved later this year, the new venture will launch in Brazil in early 2025 under the Be ...