Will Macau Recovery Help Drive MGM Stock Back To $50?
MGMMGM Resorts International(MGM) forbes.com·2024-05-21 18:30

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 41pershare,roughly1941 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 ...