BetMGM Announces Exclusive Partnership with Brian Christopher Slots
- Top social media influencer joins BetMGM as Official Ambassador Click here for accompany image JERSEY CITY, N.J. , June 19, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an exclusive partnership with Brian Christopher Slots that will make Brian Christopher, the top social media influencer for slots and casinos, a BetMGM brand ambassador.
- 06/19/2024
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These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 06/17/2024
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Here's Why Investors Should Retain MGM Resorts (MGM) Stock for Now
- MGM Resorts (MGM) focuses on development projects to diversify its geographic reach and earnings. However, a volatile macroeconomic environment is concerning.
- 06/13/2024
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MGM Resorts International Taps Viral Nation as Influencer Marketing Agency of Record
- LAS VEGAS--(BUSINESS WIRE)--MGM Resorts International, a global leader in entertainment, hospitality, and leisure experiences, has named Viral Nation its official Influencer Marketing Agency of Record (AOR). Viral Nation, a leader in Social-First transformation, renowned for its expertise in creating impactful campaigns and fostering authentic connections between brands and consumers, will collaborate with MGM Resorts to amplify the brand's presence and engagement within the rapidly evolving di.
- 06/11/2024
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3 Reasons to Love MGM Resorts Stock
- Value and growth meet with MGM Resorts stock.
- 06/05/2024
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Play Likely Earnings Beat With These 5 Top-Ranked Stocks
- Top-ranked stocks MGM Resorts International (MGM), Burlington Stores (BURL), Sterling Infrastructure Inc (STRL), Dropbox (DBX) and DaVita (DVA) are likely to beat on the bottom line in their upcoming releases.
- 06/05/2024
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Is MGM Resorts International (MGM) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/04/2024
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New Strong Buy Stocks for June 4th
- FSTR, CMRE, MGM, SGC and LSPD have been added to the Zacks Rank #1 (Strong Buy) List on June 4, 2023.
- 06/04/2024
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Why Is MGM (MGM) Down 5.7% Since Last Earnings Report?
- MGM (MGM) reported earnings 30 days ago. What's next for the stock?
- 05/31/2024
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Mandalay Bay Completes $100 Million Remodel of 2.1 Million-Square-Foot Convention Center
- Redesign Highlighted by Advanced Technology and Inviting Spaces for Modern Meetings and Events LAS VEGAS , May 30, 2024 /PRNewswire/ -- Host to many of the industry's top-tier events and trade shows, Mandalay Bay Resort and Casino proudly announces the completion of a $100 million redesign of its 2.1 million-square-foot convention center. The comprehensive remodel, tailored to meet the needs and preferences of contemporary meetings and events, includes upgraded technology infrastructure, additional dynamic digital signage and a fresh, invigorating design that complements the resort's tropical-inspired brand.
- 05/30/2024
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MGM Resorts Surpasses Ambitious Goal of Donating 5 Million Meals to Fight Food Insecurity
- Feeding Forward 2025 goal achievement announced on World Hunger Day 2024 LAS VEGAS , May 28, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that it has donated five million meals into the community since 2016, marking the achievement of a 2025 social impact and sustainability goal well ahead of schedule. In 2023 alone, the Company donated more than 1.2 million meals to feed food insecure people in local communities.
- 05/28/2024
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3 Sorry Gambling Stocks to Sell in May While You Still Can
- As we approach the midpoint of the year, it's crucial for investors to reassess their portfolios and identify potential risk factors. The gambling industry was once seen as a thriving sector with promising growth prospects.
- 05/27/2024
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Bargain Bin: 3 Cheap Stocks to Buy Before Memorial Day
- Wall Street investors are looking for cheap stocks to buy before the summer holiday period. Despite the rally we have witnessed so far in the year, risks like increased market volatility and uncertainty over economic factors still persist.
- 05/23/2024
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Scared Money Never Wins: Viva Las Vegas, Baby!
- The ICSC conference in Las Vegas is described as the "Super Bowl of retail" and attracts industry experts and dealmakers. I'm here this week meeting with REIT management teams. Today, I'll provide details on three REITs that are investing in casino properties.
- 05/23/2024
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MGM Resorts CEO Bill Hornbuckle talks Las Vegas' travel boom
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 05/22/2024
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Here's Why MGM Resorts (MGM) is a Strong Value Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 05/22/2024
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Will Macau Recovery Help Drive MGM Stock Back To $50?
- MGM Resorts stock currently trades at $41 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.
- 05/21/2024
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3 Sports Betting Stocks to Buy and Hold for the Next Decade
- It might feel like yesterday, but it's already been six years since the U.S. Supreme Court lifted the federal ban on sports betting. This has allowed states to legalize the sport, and now, over 30 states and D.C.
- 05/18/2024
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BetMGM Sponsors Progressive Jackpot During Wheel of Fortune's "Big Money Week"
- Episodes to feature iconic game show's first-ever nightly progressive jackpot tied to Bonus Round prizing Click here to download creative assets JERSEY CITY, N.J. , May 17, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, will celebrate Wheel of Fortune's 8,000th episode during the legendary game show's "Big Money Week" scheduled to air May 20-24.
- 05/17/2024
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Here's My Top Value Stock to Buy Right Now
- MGM Resorts generates consistent profits and aims to return value to shareholders through buybacks. The company has exciting expansion opportunities with a new integrated resort planned in Osaka, Japan.
- 05/16/2024
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Should Value Investors Buy MGM Resorts International (MGM) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/14/2024
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Shareholders push casinos to reassess indoor smoking
- Advocates for smoking bans point to research by C3 Gaming that concluded smoke-free casinos generate more revenue and outperform competitors that allow smoking.
- 05/09/2024
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Former MGM Grand casino president to be sentenced for failing to report bookie's bets
- Prosecutors and defense lawyers for Scott Sibella have suggested that a judge file the former MGM Grand casino president to probation in the criminal case.
- 05/08/2024
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Pick These 5 Lucrative GARP Stocks Using PEG Ratio
- The GARP approach is for investors who are on the lookout for a mixed investment strategy. MGM, THC, ALL, RCL and EAT are some of the stocks that qualify our screening of GARP stocks.
- 05/08/2024
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MGM: Record Q1 Consolidated Revenue, Shares Undervalued
- Record traveler volume is good news for the Casinos and Gaming industry. MGM Resorts International is undervalued with stabilizing earnings and healthy free cash flow. The company's Q1 report showed strong revenues and profits, with plans for expansion into online sports betting and international markets which could provide a boost in the out year.
- 05/07/2024
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MGM Resorts International: A Promising Investment Opportunity
- MGM Resorts International stock is down 6.17% in the past year but has strong financial performance and impressive strategic expansion. The company has a diverse revenue stream and a wide customer base, leading to increased revenue and margins. MGM's financial performance is impressive, with consistently increasing revenues and resilient profitability, making it a top performer in the sector.
- 05/07/2024
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MGM vs. RRR: Which Stock Is the Better Value Option?
- Investors looking for stocks in the Gaming sector might want to consider either MGM Resorts (MGM) or Red Rock Resorts (RRR). But which of these two stocks is more attractive to value investors?
- 05/06/2024
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Why MGM Resorts (MGM) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 05/06/2024
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MGM Is Bullish on Las Vegas, Online Gambling
- MGM Resorts International CEO and President Bill Hornbuckle says Las Vegas is still the heart of their business and higher inflation is not keeping customers away. First-quarter sales and earnings beat estimates.
- 05/02/2024
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MGM Resorts' (MGM) Q1 Earnings & Revenues Top Estimates
- MGM Resorts' (MGM) first-quarter results reflect solid performances at MGM China and luxury resort properties in Las Vegas.
- 05/02/2024
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MGM Resorts Stock Rallies On Q1 Results, Upgrade; Posts Record Revenue From China, Las Vegas
- MGM Resorts stock received an upgrade, wave of price target hikes Thursday after beating Q1 estimates on record revenue from China, Las Vegas.
- 05/02/2024
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MGM Stock Rises as Wall Street Praises Earnings. There's ‘Momentum in Macau.
- Both revenue and earnings were higher than expected. Business took off in Macau.
- 05/02/2024
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3 Dividend Growth REITs To Buy And Hold
- REITs do not just pay a high dividend yield. They also grow their dividend and appreciate in value over time. Here are three of my favorite dividend growth REITs to buy today.
- 05/02/2024
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MGM Resorts International (MGM) Q1 2024 Earnings Call Transcript
- MGM Resorts International (NYSE:MGM ) Q1 2024 Earnings Call Transcript May 1, 2024 5:00 PM ET Company Participants Andrew Chapman - Director, Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Corey Sanders - Chief Operating Officer Kenneth Feng - President and Executive Director, MGM China Hubert Wang - COO and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz - Jefferies Brandt Montour - Barclays Chad Beynon - Macquarie Stephen Grambling - Morgan Stanley John DeCree - CBRE Robin Farley - UBS Daniel Politzer - Wells Fargo Barry Jonas - Truist Securities Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2024 Earnings Conference Call. Joining the call from the Company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Kenneth Feng, Executive Director and President of MGM China Holdings; Hubert Wang, COO and President of MGM China Holdings; and Andrew Chapman, Director of Investor Relations.
- 05/01/2024
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Compared to Estimates, MGM (MGM) Q1 Earnings: A Look at Key Metrics
- Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 05/01/2024
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MGM Resorts (MGM) Q1 Earnings and Revenues Beat Estimates
- MGM Resorts (MGM) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago.
- 05/01/2024
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MGM China Reports 2024 First Quarter Results
- Record-High Performance and Market Share HONG KONG , May 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2024 (the "Period"). The Group is pleased to see a continuous recovery in Macau.
- 05/01/2024
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MGM RESORTS INTERNATIONAL REPORTS RECORD FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS
- MGM China achieved record quarterly results with Adjusted Property EBITDAR up 78% year over year and resumed its dividend Las Vegas strength continued in the first quarter with record 1Q net revenues Marriott strategic licensing agreement successfully launched across 16 brands MGM Resorts repurchased 12 million shares during the quarter resulting in total share count reduction of 36% since 2021 Our Japan IR venture completed its credit facility, Japan's largest project financing in history LAS VEGAS , May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2024. "Our strategic growth plan to drive sustainable free cash flow from our resort operations, develop free cash flow by investing in international digital and luxury integrated resorts, and return capital to shareholders through share repurchases continued to develop in the first quarter of 2024," said Bill Hornbuckle, Chief Executive Officer & President of MGM Resorts International.
- 05/01/2024
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MGM RESORTS INTERNATIONAL RELEASES 2023 SOCIAL IMPACT AND SUSTAINABILITY REPORT
- "Our Culture and Enduring Legacy" LAS VEGAS , May 1, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the publication of its 2023 Social Impact and Sustainability Report. The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come.
- 05/01/2024
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Curious about MGM (MGM) Q1 Performance? Explore Wall Street Estimates for Key Metrics
- Get a deeper insight into the potential performance of MGM (MGM) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 04/30/2024
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Factors Setting the Tone for MGM Resorts' (MGM) Q1 Earnings
- MGM Resorts' (MGM) first-quarter 2024 performance is likely to reflect gains from pent-up consumer demand, high domestic casino spending and robust demand for sports betting.
- 04/29/2024
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3 Sin Stocks to Buy as Consumers Crave Distraction
- There's a proverb that states idle hands are the devil's workshop, which makes sin stocks so compelling. Humans engage in certain practices, whether that involves imbibing or gambling as a means to let off some steam.
- 04/24/2024
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MGM Resorts is using a Big Tech strategy to fight Lina Khan's FTC—but will it work?
- This past September, cybercriminals broke into the computer systems at MGM Resorts and demanded a $30 million ransom, crippling operations inside its hotels: Slot machine screens displayed sad-face emojis, credit card purchases got processed by hand, guests found other people checked into their rooms. Chaos lasted for days, and while MGM didn't pay the ransom, it later acknowledged that the hackers did make off with tons of customer data—everything from names, contact info, and dates of birth to driver's license numbers and a “limited number” of social security and passport numbers.
- 04/17/2024
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Why Investors Need to Take Advantage of These 2 Consumer Discretionary Stocks Now
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 04/17/2024
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MGM Resorts sues FTC, agency chair over cyberattack investigation
- MGM Resorts International filed a lawsuit April 15 against the Federal Trade Commission and its top officer, Chairwoman Lina M. Khan, claiming the agency violated the company's Fifth Amendment right to due process while investigating a September cyberattack against the company.
- 04/16/2024
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MGM Sues FTC Over Probe of Casino Operator's 2023 Cyberattack
- MGM Resorts International (MGM) sued the Federal Trade Commission (FTC) and FTC Chair Lina Khan Monday over the regulator's investigation into a cyberattack that hit the casino operator in September.
- 04/15/2024
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Why It's Time to Bet on This Casino Stock
- Casino stock MGM Resorts International (NYSE:MGM) is higher today, last seen up 1.2% at $42.98.
- 04/15/2024
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Hidden Value Hunters: 3 Stocks That Haven't Hit Their Peak
- While the market continues to impress – most recently thanks to another robust jobs report – the usual suspects appear overpriced, which brings us to undervalued stocks. Yes, it might seem like every idea is overbought.
- 04/08/2024
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Why MGM (MGM) is Poised to Beat Earnings Estimates Again
- MGM (MGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/04/2024
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MGM or RRR: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Gaming sector might want to consider either MGM Resorts (MGM) or Red Rock Resorts (RRR). But which of these two stocks is more attractive to value investors?
- 03/28/2024
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Are Investors Undervaluing MGM Resorts International (MGM) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/28/2024
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MGM Resorts International Announces First Quarter 2024 Earnings Release Date
- LAS VEGAS , March 28, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the first quarter 2024 after the market closes on Wednesday, May 1, 2024. MGM Resorts will host a conference call that day at 5:00 p.m.
- 03/28/2024
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Slam Dunk Investments: 3 Sports Betting Stocks to Profit from March Madness Mania
- You don't have to be a sports fan to own sports betting stocks. You just have to do the math.
- 03/25/2024
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Here Are the Companies Raking In Millions During March Madness
- Sports betting has grown rapidly but could still have plenty of long-term potential. Flutter Entertainment and DraftKings could be great plays on online betting.
- 03/20/2024
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Play Likely Earnings Beat With 5 Top-Ranked Stocks
- Top-ranked stocks Block (SQ), CrowdStrike (CRWD), MGM Resorts International (MGM), The Gap (GPS) and NVIDIA (NVDA) are likely to beat on the bottom line in their upcoming releases.
- 03/15/2024
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MGM Resorts International (MGM) CEO William Hornbuckle Presents at J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum Transcript
- MGM Resorts International (MGM) CEO William Hornbuckle Presents at J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum Transcript
- 03/14/2024
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MGM (MGM) Up 0.1% Since Last Earnings Report: Can It Continue?
- MGM (MGM) reported earnings 30 days ago. What's next for the stock?
- 03/14/2024
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Wall Street Analysts See a 27.16% Upside in MGM (MGM): Can the Stock Really Move This High?
- The average of price targets set by Wall Street analysts indicates a potential upside of 27.2% in MGM (MGM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 03/14/2024
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3 ‘Experience' Stocks Turning Everyday Moments Into Investor Gold
- In a recent column, I wrote: “Young people often are early adopters of products and companies that end up being wildly successful.” I noted that Apple (NASDAQ: AAPL ) and Tesla (NASDAQ: TSLA ), which were both extraordinarily popular with young consumers in their heydays, wound up growing tremendously.
- 03/13/2024
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MGM Resorts (MGM) BetMGM Unveils Sports Betting in North Carolina
- MGM Resorts' (MGM) BetMGM takes a significant stride by introducing mobile sports betting services in North Carolina.
- 03/12/2024
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MGM vs. RRR: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Gaming sector have probably already heard of MGM Resorts (MGM) and Red Rock Resorts (RRR). But which of these two stocks offers value investors a better bang for their buck right now?
- 03/12/2024
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Is MGM Resorts International (MGM) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/12/2024
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Are Sports Betting Stocks Played Out?
- Subscribers to Chart of the Week received this commentary on Sunday, February 18.
- 02/20/2024
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The Cash Machine in Plain Sight in Las Vegas
- Why MGM Resorts is being overlooked by the market.
- 02/16/2024
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Bullish Trendline Could Power Up Casino Stock
- MGM Resorts International (NYSE:MGM) stock is up 1.4% to trade at $43.40 at last check, after Citigroup raised its price target to $68 from $66.50.
- 02/15/2024
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MGM's hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover
- MGM Resorts International beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing” for its Las Vegas properties, but the stock continued to suffer from a post-game hangover Wednesday.
- 02/14/2024
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MGM Resorts' (MGM) Q4 Earnings & Revenues Top Estimates
- MGM Resorts' (MGM) fourth-quarter 2023 results are aided by an increase in revenues at MGM China.
- 02/14/2024
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MGM Resorts relies on China sales despite F1 coming to Vegas
- MGM Resorts International (NYSE:MGM) relied on its Chinese operations as a key driver of growth despite its core business on the Las Vegas strip reaching record revenues thanks to the inaugural F1 race in the city. In the fourth quarter, the casino and resort operator posted adjusted earnings per share (EPS) of 92 cents for the three months to December 31, lifting from 69 cents in 2022.
- 02/14/2024
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MGM Resorts Expands Gaming Brand BetMGM to 29 Markets, Readies Digital Wallet
- MGM Resorts International, Las Vegas' largest casino operator, reported record full-year and Q4 net revenue for its operations in the city on Tuesday (Feb. 13), a milestone achievement coming on the heels of a cyberattack which has left the hotel and gaming company facing a $100 million loss. On Sept.
- 02/13/2024
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MGM Resorts International (MGM) Q4 2023 Earnings Call Transcript
- MGM Resorts International (MGM) Q4 2023 Earnings Call Transcript
- 02/13/2024
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MGM (MGM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- The headline numbers for MGM (MGM) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/13/2024
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MGM Resorts (MGM) Beats Q4 Earnings and Revenue Estimates
- MGM Resorts (MGM) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.69 per share a year ago.
- 02/13/2024
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CART & MGM: Earnings Just Released
- Instacart (CART) and MGM Resorts (MGM) earnings were just released. George Tsilis discusses these earnings.
- 02/13/2024
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DKNG, MGM, CZR: Outlook For Online Gaming Stocks
- Jordan Bender and Zach Warring discuss the sports betting surge. They talk about the outlook for online gaming stocks, highlighting DraftKings (DKNG), MGM (MGM), and Caesars Entertainment (CZR).
- 02/12/2024
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MGM, DKNG, PARA: Outlooks For Sports Betting & Media
- BetMGM (MGM) is to become X's exclusive sports betting partner. Jenny Horne and Kevin Hincks discuss sports betting as DraftKings (DKNG) hits a new 2-year high today.
- 02/09/2024
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MGM Resorts' (MGM) BetMGM Revenues Increase Y/Y in 2023
- MGM Resorts' (MGM) sports betting and iGaming partner, BetMGM, benefits from solid footing in the burgeoning online gaming and sports betting sectors.
- 02/09/2024
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These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 02/09/2024
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Countdown to MGM (MGM) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
- Besides Wall Street's top -and-bottom-line estimates for MGM (MGM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
- 02/08/2024
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The NFL in Vegas: What players can and can't do in the once-forbidden city
- It was just nine years ago that the NFL barred then-Dallas Cowboys quarterback Tony Romo from hosting a fantasy sports convention in Las Vegas because it would have taken place at a space adjacent to a casino. The NFL treated Las Vegas, the most concentrated hub of legal gambling in the U.S., like a toxic waste dump and a threat to the integrity of the sport.
- 02/06/2024
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MGM Resorts (MGM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
- MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/06/2024
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Game On: 3 Sports Betting Stocks Worthy of a Wager
- People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors.
- 02/05/2024
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Union reaches deal with 4 Las Vegas hotel-casinos; 3 others still poised to strike at start of Super Bowl week
- LAS VEGAS — A union representing hospitality workers has reached a tentative agreement with four hotel-casinos in downtown Las Vegas as employees at three other properties remained poised to strike Monday when the city kicks off Super Bowl week.
- 02/04/2024
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3 Stocks to Bet On for the Growth in Gambling Markets
- Both brick-and-mortar and online gambling markets are indeed expanding. On the brick-and-mortar side, Japan and New York are adding new casinos, while Texas appears to be moving in that direction.
- 01/25/2024
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Why Investors Need to Take Advantage of These 2 Consumer Discretionary Stocks Now
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 01/17/2024
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Why MGM (MGM) Could Beat Earnings Estimates Again
- MGM (MGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/15/2024
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Roll the Dice: 3 Winning Casino Stocks to Bet On Now
- The hospitality and entertainment sector has weathered immense challenges recently, from the global pandemic to inflation and uncertainties around interest rates. These external shocks put immense pressure on the industry, plunging valuations for major casino and resort companies.
- 01/06/2024
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Prediction: These Could Be the Best Growth Stocks in 2030
- Spotify has user and price growth at its back for the foreseeable future. MGM Resorts is growing with its core markets and adding Japan to the resort base by 2030.
- 01/05/2024
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Here's Why Investors Should Retain MGM Resorts (MGM) Stock
- MGM Resorts (MGM) focuses on omni-channel marketing offerings to drive growth. However, a volatile macroeconomic environment is a concern.
- 01/02/2024
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Top 3 Consumer Discretionary Stock Picks for the New Year
- The economy seems to have entered a “golden” period of strong growth, a solid labor market, rising incomes, falling interest rates, and declining inflation. In this “best-of-all-worlds” environment, consumer discretionary stocks should thrive.
- 12/28/2023
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Three-Stock Lunch: Amazon, MGM Resorts & Delta
- Victoria Greene, founder and CIO at G Squared Private Wealth, joins 'Power Lunch' to discuss three stocks: Amazon, MGM Resorts, and Delta.
- 12/26/2023
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MGM Resorts' (MGM) BetMGM, NHL Extend Multi-Year Partnership
- MGM Resorts' (MGM) BetMGM and National Hockey League announce a North American multi-year partnership extension featuring BetMGM's branding in the United States.
- 12/20/2023
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3 Stocks to Watch for Major Upcoming Catalysts
- Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. For example, Microsoft (NASDAQ: MSFT ) stock was lifted by tremendous optimism about the revenue that it will generate from AI.
- 12/14/2023
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MGM Resorts: Shares Look Attractive Amid Recovery In Macau
- MGM stock has undergone a meaningful retreat from its summer high. How much September's cyberattack has contributed to this is open to debate, but the impact on its business should prove transient. Business in Macau has recovered from harsh COVID containment policies in Greater China, while Vegas is otherwise booming outside of September's blip.
- 12/07/2023
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MGM Resorts' (MGM) BetMGM Targets $500M EBITDA in 2026
- MGM Resorts' (MGM) sports betting and iGaming partner BetMGM provides business update.
- 12/05/2023
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MGM Resorts International (MGM) BetMGM Business Update Conference (Transcript)
- MGM Resorts International (NYSE:MGM ) BetMGM Business Update Conference Call December 4, 2023 11:00 AM ET Company Participants Adam Greenblatt - CEO, BetMGM Gary Deutsch - CFO, BetMGM Conference Call Participants Ed Young - Morgan Stanley Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Brandt Montour - Barclays Joe Thomas - HSBC Robin Farley - UBS Chad Beynon - Macquarie Joe Stauff - Susquehanna Operator Good day and welcome to the 2023 BetMGM Business Update. Joining from the Company today are Adam Greenblatt, Chief Executive Officer and Gary Deutsch, Chief Financial Officer.
- 12/04/2023
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Detroit Casino Council ratify contract with MGM, Penn
- Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts , Hollywood Casino at Greektown operated by Penn Entertainment and MotorCity Casino, Unite Here union said on Saturday.
- 12/02/2023
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Roll the Dice on These 3 Gambling Stocks for Big-Win Potential
- With both the Chinese gambling hub of Macau and Las Vegas casinos doing very well, this is an excellent time to buy the top gambling stocks. In Macau, gross gaming revenue (GGR) soared 400% last month versus the same period in 2022 to $2.42 billion.
- 11/30/2023
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MGM Resorts International (MGM) Bank of America Leveraged Finance Conference Call Transcript
- MGM Resorts International (NYSE:MGM ) Bank of America Leveraged Finance Conference Call November 28, 2023 3:30 PM ET Company Participants Jonathan Halkyard - CFO & Treasurer Conference Call Participants James Kayler - Bank of America Merrill Lynch James Kayler I think there might be a few more people wandering, and will kick this off. The clock to start.
- 11/28/2023
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7 Best Travel Stocks to Buy Ahead of Travel Tuesday
- The search for the best travel stocks is heating up. With September showing an impressive $104 billion in travel spending and a steady 3.5% growth year-to-date (YTD), the sector shows potential for growth even in challenging economic conditions.
- 11/23/2023
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F1 pricing 'isn't for everyone', brings in unique international crowd, says MGM Resorts CEO
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 11/17/2023
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MGM expects $60 million in incremental hotel revenue from F1 weekend
- CNBC's Contessa Brewer reports on news from Caesars and MGM Resorts.
- 11/17/2023
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Wall Street Awaits CPI Data
- The two-week rally off late-October lows seems to have cooled off this week, especially on the small-cap Russell 2000 but also on the S&P 500, which is now lower for the last trading month. Pre-market futures are up again today, but this is before Fed officials are given another microphone today to explain to everyone that the monetary policy body may not be done raising interest rates.
- 11/10/2023
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MGM And Caesars Avert Strikes By Las Vegas Casino Workers—Days Before Formula 1 Grand Prix
- Wynn Resorts is the last of the three casino giants that has yet to reach a tentative deal with employees before the strike deadline at 5 a.m. tomorrow.
- 11/09/2023
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Las Vegas Unions and MGM Resorts Reach Tentative Labor Agreement
- The deal, the second in two days with a major resort operator, was announced on the day before a strike deadline set by two major unions.
- 11/09/2023
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MGM Resorts International (MGM) Q3 2023 Earnings Call Transcript
- MGM Resorts International (NYSE:MGM ) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Andrew Chapman - Director, IR William Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Joseph Greff - JPMorgan Daniel Politzer - Wells Fargo Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America David Katz - Jefferies Robin Farley - UBS Barry Jonas - Truist Securities John DeCree - CBRE Securities Chad Beynon - Macquarie Research Jordan Bender - JMP Securities Operator Good afternoon, and welcome to the MGM Resorts International Third Quarter 2023 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.
- 11/08/2023
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MGM (MGM) Reports Q3 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 11/08/2023
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MGM Resorts Expects Continued Growth and Expansion of Online Gaming
- MGM Resorts International achieved its first quarter of profitability on its investment in the online gaming joint venture, BetMGM. The company's 50% share of operating income in the third quarter was $13 million, and executives expect that business to continue to grow, according to a presentation released Wednesday (Nov. 8) in conjunction with the company's quarterly earnings call.
- 11/08/2023
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Earnings Beats After the Bell: Affirm, Twilio, Disney, MGM
- While Disney continues to dig itself out of its hole, Affirm adds to its stellar 2023 so far on a big revenue beat.
- 11/08/2023
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MGM Resorts launches $2B share buyback as 3Q results showcase profit
- MGM Resorts International (NYSE:MGM) announced a new $2 billion share repurchase program after having bought back 13 million common stock shares for $572 million during its third quarter. CFO Jonathan Halkyard told shareholders that the company views share repurchases as an “attractive opportunity to return value to our shareholders.
- 11/08/2023
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MGM Resorts (MGM) to Post Q3 Earnings: MGM China to Hold Key
- MGM Resorts' (MGM) third-quarter 2023 results are likely to reflect gains from the robust performance of MGM China.
- 11/07/2023
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MGM Resorts: Despite Cyberattack, Best Recession-Resistant Play In The Sector
- MGM Resorts International's diverse revenue streams make it the most resilient gaming company against a potential recession. The Las Vegas market provides insights into how the gaming sector may respond to a recession. MGM's global footprint and diverse holdings position it well for future growth and recovery.
- 11/03/2023
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Tens of thousands of Las Vegas Strip hotel workers may on go strike this month
- LAS VEGAS — Tens of thousands of Las Vegas hotel workers set a deadline Thursday for a sweeping strike, threatening major disruptions to the city's economic backbone that could coincide with the Strip's inaugural Formula 1 races later this month.
- 11/02/2023
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Michael Burry stock portfolio performance update
- The investing world saw only a few names gain as much notoriety as Michael Burry.
- 11/01/2023
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2 fallen cybersecurity stocks for patient bargain hunters
- Cybersecurity stocks have been strong performers this earnings season. Many leaders are higher priced stocks in the $100 to over $300 range.
- 10/30/2023
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Is MGM Resorts International (MGM) Stock Outpacing Its Consumer Discretionary Peers This Year?
- Here is how MGM Resorts (MGM) and Wynn Resorts (WYNN) have performed compared to their sector so far this year.
- 10/25/2023
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7 Winning Stocks That Will Make You an Investing Champion
- With inflation under control, and economic growth still strong, there should be plenty of winning stocks between now and the end of the year. In fact, consider this.
- 10/19/2023
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Thousands of casino workers go on strike in Detroit
- Casino workers in Detroit are seeking higher wages and better working conditions as the cost of living has increased in recent years.
- 10/17/2023
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Where Will MGM Resorts Stock Be in 5 Years?
- MGM Resorts is well-known for its famous casinos spread around Las Vegas. But it could also open Japan's first integrated casino resort by the decade's end.
- 10/12/2023
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Can MGM (MGM) Keep the Earnings Surprise Streak Alive?
- MGM (MGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/10/2023
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MGM Resorts CEO Bill Hornbuckle: Cyberattack is behind us, and we're looking forward
- MGM Resorts CEO Bill Hornbuckle joins 'Squawk on the Street' to discuss how much of the cyberattack is in the rearview mirror, the attack's impact on the brand, and more.
- 10/10/2023
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These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 10/09/2023
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Las Vegas casino stocks are flirting with a bear market. That might be a sign an economic downturn is coming.
- Casino stocks are slumping – and that could be bad news for the US economy. The sector plunging could be a signal that Americans are about to start spending less.
- 10/08/2023
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Top tickers October 6, 2023: MGM and e.l.f. Beauty
- MGM Resorts (MGM) claims the cyberattack that targeted it last month could cost the hotel-casino operator $100 million, but will have little impact on the company's fourth quarter. According to a report from the Wall Street Journal, the company is refusing to pay the ransom to the hackers, despite recommendations from the FBI.
- 10/06/2023
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MGM Says Computer Hack Will Cost It $100M in Lost Profit
- MGM says the recent computer hack that shut down many services at its casino hotels will reduce third-quarter profit by about $100 million. Rapid7 Chief Security Officer Jaya Baloo joins Caroline Hyde on "Bloomberg Technology" to discuss the state of the cybersecurity industry and what companies should do to better protect themselves.
- 10/06/2023
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MGM Resorts racks up $100M cost from cyberattack
- MGM Resorts International has put a number on the cost of the disruptive cyberattack it experienced in September. It estimated the damage at $100 million.
- 10/06/2023
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MGM Resorts loses over $100M after refusing to pay ransom to end cyberattack
- MGM suffered from a 10-day cyberattack last month that's set to cost the company more than $100 million for the third quarter. Despite the financial loss, MGM reportedly refused to pay ransom.
- 10/06/2023
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Clorox cyberattack reportedly linked to MGM, Caesars breach
- The Clorox Company (CLX) recently suffered a cyberattack attributed to the hacker group known as "Scattered Spider", according to a Bloomberg report. The same group was allegedly responsible for recent breaches against Las Vegas casino-hotel operators MGM Resorts International (MGM) and Caesars Entertainment (CZR).
- 10/06/2023
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Clorox and MGM Resorts aren't the only companies dealing with cyberattack damage
- It has been a very eventful couple of weeks for cyberattack-related news among major corporations.
- 10/06/2023
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MGM expects US$100m hit from cyberattack
- Casino operator MGM Resorts International (NYSE:MGM) expects to face a US$100 million hit from a cyberattack that shut down its computers for 10 days last month. Las Vegas-based MGM updated on Thursday that the attack would incur the hefty hit to its third-quarter results, with a "minimal" impact on its fourth quarter.
- 10/06/2023
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MGM expects hundred million dollar hit from cyberattack
- Casino operator MGM Resorts International (NYSE:MGM) expects to face a US$100 million hit from a cyberattack that shut down its computers for ten days last month. Las Vegas-based MGM updated on Thursday that the attack would incur the hefty hit to its third-quarter results, while results for the three months to September could also be affected.
- 10/06/2023
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Casino giant MGM expects $100 million hit from hack that led to data breach
- MGM Resorts International said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit to its third-quarter results, as it works to restore its systems.
- 10/05/2023
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MGM sees $100 million cost from recent cybersecurity attack
- MGM Resorts International shares dropped 1% in the extended session Thursday after the hospitality company said that the recent cyberattack that hampered its operations is going to cost some $100 million.
- 10/05/2023
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MGM Resorts' (MGM) BetMGM Unveils Sports Betting in Kentucky
- BetMGM, an iGaming and online sports betting brand of MGM Resorts (MGM) launches online mobile sports betting app in Kentucky.
- 09/29/2023
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Wall Street analysts expect the S&P 500 to rise 19% over the next 12 months. Here are their 10 favorite stocks.
- Outside of a handful of highflying technology stocks, U.S. stocks have been practically flat in 2023, but on Wall Street, some analysts remain as bullish as ever.
- 09/26/2023
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Gen Z Hackers behind MGM , Caesars breaches ‘more sophisticated' and ‘ruthless'
- Ransomware attacks are not new, but the group behind the casino breaches was extraordinarily skilled at social engineering and bypassing multi-factor authentication.
- 09/22/2023
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3 Tumbling Stocks to Take a Chance On Now
- Some investors believe that the market is always correct and that stock prices always accurately reflect reality. As a result, they will rarely if ever buy stocks that are tumbling and that are out of favor with the market.
- 09/22/2023
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MGM Resorts is back online after a huge cyberattack. The hack might have cost the Vegas casino operator $80 million.
- A recent cyberattack by a notorious hacking group targeted MGM, disrupting its Las Vegas locations. Customer-facing electronic systems remained faulty for 10 days, but are now back online.
- 09/21/2023
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A stranger in your hotel room? Kitty-litter shortages?
- It was past midnight when Alessandra Millican and a friend entered the Bellagio hotel room that was costing them hundreds of dollars a night, but unexpected noises made them stop cold.
- 09/21/2023
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MGM Resorts Back to Normal After Cyberattack. It's Not Helping the Stock.
- The company said its hotels and casinos were back to normal operations, though digital room keys and mobile check-in were still not working.
- 09/21/2023
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MGM Resorts computers back up after 10 days following crippling cyberattack
- LAS VEGAS — MGM Resorts MGM brought to an end a 10-day computer shutdown prompted by efforts to shield from a cyberattack data including hotel reservations and credit card processing, the casino giant said Wednesday, as analysts and academics measured the effects of the event.
- 09/20/2023
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LVS or MGM: Which Gaming Stock is Better Placed at the Moment?
- Gaming companies like Las Vegas Sands (LVS) and MGM Resorts (MGM) benefit from improving visitation.
- 09/20/2023
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MGM to lose up to $8.4 million each day as it resolves cyberattack
- MGM Resorts International is projected to lose as much as $8.4 million daily until it fixes issues stemming from a cyberattack it fell victim to earlier this month.
- 09/19/2023
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MGM Resorts losing out on millions as cyber attack enters ninth day
- A cyber-hack at MGM Resorts International (NSX:MGM) is estimated to be carving out up to 20% of daily revenue for the casinos and hotels giant. Tuesday will be the ninth day of the “cybersecurity issues” the company has grudgingly acknowledged.
- 09/19/2023
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7 Sports Betting Stocks Worth a Gamble as Football Season Kicks Off
- With the 2023 NFL season underway, sports bets are surging. In fact, according to the Associated Press, GeoComply Solutions — used to verify a customer's location — said it recorded 242.3 million geolocation transactions from legal U.S. sportsbooks.
- 09/17/2023
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MGM casinos still reeling from ‘cybersecurity issue' as machines remain offline
- Casino floors in Las Vegas looked uncharacteristically dark -- a sign that MGM has not reached an agreement with the ransomware group behind the attack, clips showed.
- 09/15/2023
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Betting With the ‘Big Short': 3 Michael Burry Stocks to Bank On
- Michael Burry, the legendary investor who famously predicted the 2008 financial crisis, made waves with his recent stock picks again. Burry's insight and strategic thinking led him to invest in three seemingly disparate industries: healthcare, travel, and entertainment.
- 09/15/2023
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MGM Resorts still recovering following cyberattack
- Yahoo Finance Live anchors Josh Schafer, Allie Canal, and Pras Subramanian discuss the the cyberattacks in Las Vegas as casinos such as MGM and others are still recovering.
- 09/14/2023
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MGM Resorts is still suffering from a massive outage after a notorious group of young hackers apparently tricked workers into handing over access to the company's network
- MGM Resorts and Caesars Entertainment were compromised by data breaches within weeks of each other. Scattered Spider, the hacking group, tricks people into handing over access to private systems.
- 09/14/2023
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MGM and Caesars hacked: FBI investigating cyber intrusion
- CNBC's Contessa Brewer reports on a cybersecurity hack in the casino industry.
- 09/14/2023
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Caesars and MGM grapple with hacks as cybersecurity in Vegas is under scrutiny
- Hackers stole Social Security numbers and driver's license numbers from a "significant number" of loyalty program customers of Caesars Entertainment, the hospitality and casino giant said Thursday.
- 09/14/2023
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Caesar's Entertainment, MGM Resorts hit by Russian hacking group
- Turns out the house doesn't always win in Las Vegas — sometimes the hackers do. Caesar's Entertainment and MGM Resorts have each been targeted by a Russian hacking group known as Scattered Spider.
- 09/14/2023
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MGM's and Caesars' updates on cyberattacks leave customers wanting to know more
- MGM Resorts International and rival Caesars Entertainment Inc. offered updates Thursday on recent cyberattacks, but the two hotel and casino operators left some stakeholders clamoring for more information.
- 09/14/2023
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MGM says it's still working to resolve ‘cybersecurity incident' that forced shutdown of most of its systems
- MGM Resorts International MGM, -1.24% said Thursday it's still working to resolve the “cybersecurity issue” that was first reported Sunday, and that has caused its systems to be shut down. “We continue to work diligently to resolve our cybersecurity issue while addressing individual guest needs promptly,” the company said in a post on X, the former Twitter.
- 09/14/2023
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Caesars reportedly paid ransom to hackers, while MGM Resorts is still dealing with cyberattack
- Shares of Caesars Entertainment Inc. CZR, -2.73% slumped Wednesday following reports that the casino operator paid millions of dollars in ransom after it was hit by a cyberattack last month.
- 09/13/2023
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MGM Still Reeling From Cyber Attack, Moody's Says It Could Hurt Credit Ratings
- Shares of MGM Resorts International (MGM) fell after the hotel and casino operator informed the Securities and Exchange Commission (SEC) about a cybersecurity attack, suggesting it will have a material effect on the company.
- 09/13/2023
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MGM Resorts cyberattack and outage stretches into third day
- MGM Resorts filed a report with the SEC acknowledging the three-day outage but continuing to refer to it as a cybersecurity issue.
- 09/13/2023
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MGM Resorts Websites Remain Down Amid Cyberattack
- MGM Resorts' websites remain down Tuesday (Sept. 12), two days after the beginning of a cyberattack targeting the hotel and gaming company.
- 09/12/2023
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Wall Street Lunch: Fossil Fuel Era Gone By 2030
- The IEA predicts that energy demand will peak before 2030; Occidental's subsidiary will sell 250,000 metric tons of carbon removal credits to Amazon. Oracle misses Q1 revenue estimates; U.S. v.
- 09/12/2023
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MGM Resorts suffers cyber-attack as booking systems crash
- MGM Resorts International (NSX:MGM), the owner of hotels and casinos across the US, said it suffered a cyber-attack which caused a shutdown of all its digital systems including the ones used for guest reservations and bookings. Falling victim to the attack late on Monday, nearly all of the group's online activities were initially impacted, with gamblers at the group's casino floors unable to play, while hotel electronic key cards and staff emails also stopped working.
- 09/12/2023
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MGM Resorts is facing 'ongoing' cyber attack that sent reservation and booking systems offline
- The casino and lodging operator said that its gaming operations were back online but gave no update on lodging or restaurant reservations.
- 09/11/2023
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Future Winners: The 3 Best Stocks to Buy on Weakness Now
- Buying stocks on weakness is a natural extension of the “buy low, sell high” philosophy at the heart of successful investing. That's because one of the easiest ways to buy low and sell high is to purchase stocks that unjustly and/or excessively dropped.
- 09/11/2023
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MGM Las Vegas casinos, hotels across US hit by ‘cybersecurity issue'
- The incident began Sunday and the extent of its effect on reservation systems and casino floors in Las Vegas and states including Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York and Ohio was not immediately known.
- 09/11/2023
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‘Cybersecurity issue' prompts computer shutdowns at MGM Resorts properties across U.S.
- LAS VEGAS — A “cybersecurity issue” led to the shutdown of some casino and hotel computer systems at MGM Resorts International MGM, -2.38% properties across the U.S., a company official reported Monday.
- 09/11/2023
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The MGM Resorts website is offline due to a cybersecurity issue
- MGM Resorts has shut down some of its systems as a result of a "cybersecurity issue," according to a company social media post on Monday.
- 09/11/2023
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MGM Resorts blames ‘cybersecurity issue' for ongoing outage
- Hotel and casino giant MGM Resorts has confirmed a “cybersecurity issue” is to blame for an ongoing outage affecting systems at the company's Las Vegas properties. “MGM Resorts recently identified a cybersecurity issue affecting some of the company's systems,” the company said in a statement posted to X, formerly Twitter, on Monday.
- 09/11/2023
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The 7 Best Travel Stocks to Buy Now: September 2023
- The search for the best travel stocks has recently gained momentum, and for good reason. Post-pandemic, travel and tourism sectors have rebounded impressively.
- 09/11/2023
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1 Stock That's a Screaming Buy Today
- This company is growing, and it's trading at a great value for investors.
- 09/09/2023
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MGM Resorts (MGM) BetMGM Boost Offerings With Buffalo Slot
- MGM Resorts' (MGM) BetMGM launches online Buffalo slot in New Jersey. It stated plans to launch in Pennsylvania and Michigan in the upcoming periods.
- 09/06/2023
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Is MGM Resorts International (MGM) Outperforming Other Consumer Discretionary Stocks This Year?
- Here is how MGM Resorts (MGM) and Royal Caribbean (RCL) have performed compared to their sector so far this year.
- 09/04/2023
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Game On: 3 Sports Betting Stocks Ready for a Fall Surge
- Americans' fondness for gambling is evident as a record 50 million engaged in Super Bowl wagers, spending $16 billion! The 2023 Super Bowl betting surged 61% year over year (YOY), fueled by expanding online platforms.
- 09/03/2023
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The 3 Most Promising Michael Burry Stocks to Own Now
- Certain names constantly garner attention in the fluctuating realm of stock trading, and among the most intriguing are the preferred stocks of Michael Burry. Irrespective of personal reservations, Michael Burry is a testament to savvy investing.
- 08/31/2023
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Don't Sleep on These 7 Growth Stocks That Will Mint Millionaires
- Nearly everyone in the financial media missed what was by far the most important line of Fed Chairman Jerome Powell's speech. Specifically, Powell said, “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.
- 08/29/2023
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4 Stocks to Make the Most of a Resilient US Consumer
- Robust consumer spending despite rising interest rates bodes well for consumer discretionary stocks such as Carrols Restaurant (TAST), American Eagle Outfitters (AEO), OneSpaWorld (OSW) and MGM Resorts (MGM).
- 08/29/2023
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This Unstoppable 5.4%-Yielding Dividend Stock Is Making a Low-Risk Wager With a Big Payoff
- Realty Income is forming a joint venture with Blackstone to own The Bellagio casino. The REIT is making a common and preferred equity investment in the joint venture.
- 08/26/2023
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MGM Resorts (MGM) Up 24% in the Past Year: More Upside Left?
- MGM Resorts (MGM) focuses on a single account, single wallet system to enhance its omnichannel strategy. Also, the emphasis on strategic partnerships bodes well.
- 08/23/2023
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MGM Resorts Stock Has Room to Run
- Casino stock MGM Resorts International (NYSE:MGM) is slightly lower today, last seen down 0.6% at $42.27.
- 08/21/2023
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MGM Resorts' (MGM) BetMGM Brand Debuts in the United Kingdom
- BetMGM, an iGaming and online sports betting brand of MGM Resorts (MGM), launches in the UK with a wide range of online product offerings.
- 08/18/2023
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Macau Casino Stocks Sank on China's Slowdown. Seize the Opportunity.
- Despite continued signs of a strong rebound in Macau, the recovery of Las Vegas Sands, Wynn Resorts, and to an extent MGM Resorts stocks, has stalled in recent months after an impressive start to the year.
- 08/17/2023
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Has MGM Resorts International (MGM) Outpaced Other Consumer Discretionary Stocks This Year?
- Here is how MGM Resorts (MGM) and On Holding (ONON) have performed compared to their sector so far this year.
- 08/16/2023
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Is Now the Time to Place Your Bets on MGM Resorts?
- Casino operator MGM Resorts International (NYSE: MGM) suffered with the rest of the casinos during the pandemic but has recovered back to profits earlier than its competitors Wynn Resorts Limited NASDAQ: WYNN and Las Vegas Sands Co. NYSE: LVS. MGM operates 18 casino properties in the U.S. and Macau
- 08/15/2023
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These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 08/11/2023
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Where MGM Resorts Is Finding Growth
- Las Vegas is slowing, but Macao is growing like crazy.
- 08/10/2023
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The 7 Best Gaming Stocks to Buy in August
- Online gambling has supercharged the gaming sector. The amount of money bet on sporting events in the U.S. will surge 45% this year to almost $137 billion, research firm Insider Intelligence estimates.
- 08/08/2023
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Bull of the Day: MGM Resorts (MGM)
- Travel is back in high demand and Vegas is hotter than ever.
- 08/08/2023
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Best Value Stocks to Buy for August 7th
- MGM, ING and TEX made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 7, 2023.
- 08/07/2023
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New Strong Buy Stocks for August 7th
- MGM, FTDR, TEX, CENT and BOOT have been added to the Zacks Rank #1 (Strong Buy) List on August 7, 2023.
- 08/07/2023
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MGM Resorts (MGM) Q2 Earnings & Revenues Beat, Rise Y/Y
- MGM Resorts' (MGM) second-quarter 2023 results gain from increased business volume and travel activity.
- 08/03/2023
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MGM (MGM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 08/02/2023
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MGM Resorts results beat expectations, but stock falls
- Casino and resort operator MGM Resorts International MGM, -1.54% on Wednesday reported second-quarter results that beat expectations, helped by the lifting of pandemic restrictions in global gaming hub Macau, but shares fell after hours. MGM reported net income of $243.5 million, or 55 cents a share, compared with $1.6 billion, or $4.20 a share, in the same quarter last year.
- 08/02/2023
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Macau Gaming Recovery Speeds Up, But Key Stocks Still Undervalued
- Forecasters of the Macau recovery have consistently underestimated the speed and depth of revenue recovery ahead. The three U.S.-based Macau facing casino operators have moved higher, but still are not in a range which commands freshened valuations. Many investors continue to resist opening positions out of lack of conviction that recovery to 2019 levels can arrive sooner.
- 08/02/2023
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What's in the Offing for MGM Resorts (MGM) in Q2 Earnings?
- MGM Resorts' (MGM) second-quarter performance is likely to have benefited from strong Las Vegas market, international expansion and solid Sports betting and iGaming prospects.
- 07/31/2023
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3 Stocks to Buy to Benefit from the Growing Online Gambling Trend
- Americans love to gamble. A record 50 million people placed a wager on this year's Super Bowl, spending $16 billion to gamble on the outcome of the big game, according to the American Gaming Association.
- 07/28/2023
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3 Top Consumer Discretionary Stocks to Gain as Inflation Eases
- Consumers are now in a better position to open up their wallets, eventually benefiting consumer discretionary stocks such as Carnival (CCL), MGM Resorts (MGM) and LiveOne (LVO).
- 07/25/2023
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Who could buy a piece of ESPN? Here are seven candidates
- Disney chief executive officer Bob Iger shook up Wall Street Thursday when he told CNBC he's open to finding a strategic partner for ESPN.
- 07/20/2023
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7 Fantastic Forever Stocks for Long-Term Lucrative Gains
- Investing is about building a stable long-term portfolio, not just seeking immediate gains. In a mixed economic climate with rising employment figures, savvy investors seek forever stocks.
- 07/20/2023
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3 Stocks to Gain as Consumers Are Opening Up Their Wallets
- Sales at U.S. retailers increased for the third successive month in June. Per the Commerce Department, spending at retail outlets rose 0.2% last month from May, way better than March and February's negative readings.
- 07/19/2023
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The 3 Most Undervalued Travel Stocks to Buy Now: July 2023
- Travel is rebounding across the U.S. After two difficult years during the Covid-19 crisis, record air travel was predicted during the recent Fourth of July weekend.In fact, hotel occupancy rates are back near or above pre-pandemic levels. This is great news for travel stocks that were previously decimated a few short years ago.
- 07/19/2023
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3 Stocks to Gain as Consumers are Opening Up Their Wallets
- With consumer spending still fairly strong, investing in stocks like GIII Apparel Group (GIII), Carnival (CCL) & MGM Resorts International (MGM) seems prudent at present.
- 07/19/2023
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Are Consumer Discretionary Stocks Lagging MGM Resorts International (MGM) This Year?
- Here is how MGM Resorts (MGM) and Norwegian Cruise Line (NCLH) have performed compared to their sector so far this year.
- 07/18/2023
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Here's Why You Should Add MGM Resorts (MGM) to Portfolio Now
- MGM Resorts (MGM) benefits from increased business volume and travel activity, primarily at MGM China and Las Vegas Strip Resorts.
- 07/18/2023
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5 Things to Know Before Markets Open
- Bank of America kicks off a busy day of bank earnings by beating its second quarter profit forecast and retail sales are expected to increase for June. Here's what investors need to know today.
- 07/18/2023
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Best Value Stocks to Buy for July 18th
- REPYY, VIRC and MGM made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 18, 2023.
- 07/18/2023
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Two big brands go big on loyalty
- Marriott and MGM Resorts have announced a new long-term partnership to reward MGM customers with Bonvoy points.
- 07/17/2023
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Marriott and MGM link loyalty programs in a bid on business travelers
- The partnership seeks to capitalize on frequent or business travelers, who can be fiercely loyal to certain hotel brands in effort to rack up rewards.
- 07/17/2023
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MGM & Marriott team up for long-term strategic licensing agreement
- Tony Capuano, MGM Resorts CEO, and Bill Hornbuckle, Marriott CEO, joins 'Squawk on the Street' to discuss why it matters to have more rooms in Las Vegas for Marriott, what MGM gets out of a partnership with Bonvoy, and more.
- 07/17/2023
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Demand for parlays leads BetMGM's part owner to pay up to $160 million for analytics firm
- BetMGM's part owner on Monday said it would pay up to £122 million ($160 million) for an analytics firm that will better enable it to offer parlays to American sports betters.
- 07/17/2023
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The Long Game: 7 Stocks for Long-Term Portfolio Stability
- In line with my long-held thesis, the U.S. economy is performing very well and growing quite rapidly, defying the bears' baseless belief that it was poised to enter a recession. Similarly, according to my previously articulated ideas, inflation has eased, and the Federal Reserve has been much less hawkish than the bears.
- 07/17/2023
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Markets Rise Midday After Another Report Showing Slowing Inflation
- U.S. equities rose at midday on Thursday, July 13, 2023, after a second report this week showing inflation easing.
- 07/13/2023
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PENN Entertainment: A Deep Value Jackpot
- PENN Entertainment: A Deep Value Jackpot
- 06/23/2023
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The Good And Bad: Zions Bancorporation & MGM Resorts
- See two of the featured stocks from this month's model portfolios.
- 06/20/2023
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Why REITs Earn Higher Returns Than Private Real Estate
- REITs outperform private real estate by 2-4% per year on average. I present 10 reasons why REITs earn higher returns. I think that, especially today, REITs are much better investments than private properties.
- 06/17/2023
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MGM Resorts (MGM) BetMGM Boosts Online Offerings in Puerto Rico
- MGM Resorts' (MGM) BetMGM continues to expand to new jurisdictions. The company along with Casino del Mar launches mobile sports betting app in Puerto Rico.
- 06/09/2023
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Bull Signal Says Bet on MGM Resorts Stocks
- Casino stock MGM Resorts International (NYSE:MGM) turned in a marginal loss last week, falling below the $39 level after scoring just one winning session over the last four days.
- 06/05/2023
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The 7 Best Stocks to Buy on a Dip in June 2023
- In recent months, I've discovered that Dr. Ed Yardeni, former Chief Economist of Prudential Equity Group, and Deutsche Bank, is one of my favorite analysts of stocks and the economy. That's because Yardeni, unlike many other analysts, doesn't rely on long-held, yet unproven beliefs like “Interest rates are rising, so stocks will fall” to make his predictions.
- 06/04/2023
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Why Is MGM (MGM) Down 13.7% Since Last Earnings Report?
- MGM (MGM) reported earnings 30 days ago. What's next for the stock?
- 05/31/2023
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MGM Resorts CEO Bill Hornbuckle on Las Vegas expecting huge memorial day travel surge
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 05/26/2023
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Factors That Underscore MGM Resorts' (MGM) Solid Prospects
- MGM Resorts (MGM) benefits from increased business volumes and travel activity, primarily at MGM China and Las Vegas Strip Resorts.
- 05/26/2023
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Penn Entertainment: A Potential Value Opportunity
- In early 2021, Penn Entertainment Inc. ( PENN , Financial), formerly known as Penn National Gaming, was a $25 billion company. Today, it is worth around $4 billion, which is a good thing for new investors.
- 05/25/2023
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Is MGM Resorts International (MGM) Stock Outpacing Its Consumer Discretionary Peers This Year?
- Here is how MGM Resorts (MGM) and Bluegreen Vacations Holding Corporation (BVH) have performed compared to their sector so far this year.
- 05/25/2023
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Why Are Casino Stocks WYNN, MGM, LVS Up Today?
- Investors looking for a sector to jump into may have one to assess right now. Casino stocks are hot, with some of the top names in the market today being Wynn Resorts (NASDAQ: WYNN ), MGM Resorts (NYSE: MGM ) and Las Vegas Sands (NYSE: LVS ).
- 05/17/2023
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Top 5 Value Stocks to Buy Amid Recession Threats
- We have narrowed our search to five value stocks. These are: SLCA, GM, UNM, MGM and UAL.
- 05/17/2023
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8 Stocks Wowed With 50% Profit Growth — Analysts Expect A Repeat
- Missed owning shares of S&P 500 companies that posted massive profit growth in the first quarter? Fear not: Analysts think some of them will do it again in this quarter.
- 05/16/2023
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Fanatics set to acquire Pointsbet's U.S. sports betting operations in $150 million deal
- Yahoo Finance Live discusses Michael Rubin led sports-apparel business Fanatics acquisition of Pointsbet's U.S. sports betting operations in $150 million deal
- 05/15/2023
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China's recovery lifts U.S. companies' sales as domestic consumers pull back spending
- Many U.S. companies said China's recovery helped their quarterly sales, but demand hasn't snapped back as quickly as expected for some.
- 05/14/2023
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Don't Sleep on Macao's Explosive Growth
- If Macao returns to pre-pandemic revenue levels, casino stocks will be making money like crazy.
- 05/13/2023
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IAC Earnings Soar on MGM Stake
- The internet holding company is suffering from a slower advertising environment, but majority-owned Angi beat estimates.
- 05/09/2023
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Wall Street Analysts Think MGM (MGM) Could Surge 26.93%: Read This Before Placing a Bet
- The consensus price target hints at a 26.9% upside potential for MGM (MGM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 05/09/2023
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What's Happening With MGM Resorts Stock?
- MGM Resorts posted a stronger-than-expected set of Q1 2023 results last week driven by stronger business at the company's Las Vegas properties and a recovery in Macau.
- 05/09/2023
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3 Top Ranked Stocks Investors Can Buy Now
- This year has been one of the trickiest and most challenging years that I have seen in the markets. With variables like rising interest rates, inflation, geopolitical tensions, and risk of economic slowdown there are so many factors that can shake out and unnerve investors.
- 05/08/2023
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Better Buy: Caesars or MGM Resorts?
- The Las Vegas giants have some major differences in their businesses.
- 05/06/2023
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Anatomy of a Trade: 3 Key Considerations for Buying a Stock
- There is no way around the fact that trading and investing is a challenging and complex endeavor. That doesn't mean buying stocks can't be made simple.
- 05/05/2023
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Casino Stock Flashing Bull Signal Before Earnings
- This commentary first appeared on Forbes Great Speculations , where Schaeffer's Investment Research is a regular contributor.
- 05/03/2023
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MGM Resorts' (MGM) Q1 Earnings & Revenues Top, Rise Y/Y
- MGM Resorts' (MGM) first-quarter 2023 results benefit from increased contributions from MGM China and Las Vegas Strip Resorts.
- 05/02/2023
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MGM's Hot Hand Is All In For A Rally, After This Small Break
- The Chinese have a saying concerning the reality of the haves and have-nots and how they should deal with their finances. Those who have riches or inherit them can afford to speculate with small sums of money, while those who do not have wealth and are part of the middle class have to speculate with large sums of money to get rich.
- 05/02/2023
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Macau's Casino Revenue Jumps Again in April
- Macau's casino gaming revenue surged in April to hit a three-year high as Chinese tourists flocked to the gambling hub. Shirley Zhao reports on Bloomberg Television.
- 05/01/2023
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MGM Resorts International (MGM) Q1 2023 Earnings Call Transcript
- MGM Resorts International (NYSE:MGM ) Q1 2023 Earnings Conference Call May 1, 2023 5:00 PM ET Company Participants Andrew Chapman - Director, IR William Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America David Katz - Jefferies Stephen Grambling - Morgan Stanley Brandt Montour - Barclays Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Research Robin Farley - UBS John DeCree - CBRE Securities Barry Jonas - Truist Securities Steven Wieczynski - Stifel Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2023 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.
- 05/01/2023
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MGM Resorts (MGM) Q1 Earnings and Revenues Beat Estimates
- MGM Resorts (MGM) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.01 per share a year ago.
- 05/01/2023
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Markets Close Flat After Eventful Day; MGM, NXPI, CHGG Beat in Q1
- We went on a bit of a roller-coaster ride in the first trading day of a new week, at least compared to the low-VIX environment we'd been existing in.
- 05/01/2023
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MGM (MGM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- While the top- and bottom-line numbers for MGM (MGM) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 05/01/2023
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China rebound, Las Vegas Strip hotels boost MGM results, stock
- Shares of MGM Resorts International MGM rose after hours on Monday after the casino resort operator reported first-quarter results that beat expectations, helped by gains in hotels and casinos on the Las Vegas Strip and a bigger rebound in China. MGM reported first-quarter net income of $479.9 million, or $1.24 a share, contrasting with a loss of $34.8 million, or six cents a share, in the same quarter last year.
- 05/01/2023
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MGM Stock Near Buy Point, Earnings On Tap; Macau Gaming Soars
- MGM stock climbed above a buy point as the high-ranked gaming industry group basks in Macau's strongest monthly gaming revenue since pre-Covid. The post MGM Stock Near Buy Point, Earnings On Tap; Macau Gaming Soars appeared first on Investor's Business Daily.
- 05/01/2023
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The 3 Top Travel Stocks to Buy for May 2023
- The world is open now, so let's look at some of the best travel stocks to buy. The travel and tourism industry has faced an uphill battle in the past few years, grappling with the crippling impact of the coronavirus that brought the world to a standstill in 2020.
- 05/01/2023
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Earnings Previews: MGM Resorts, NXP Semiconductors, Transocean
- In early regular-session trading on Friday, the Dow Jones industrials were down 0.14%, the S&P 500 down 0.07% and the Nasdaq 0.31% lower.
- 04/28/2023
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MGM Resorts (MGM) to Report Q1 Earnings: Here's What to Expect
- MGM Resorts' (MGM) first-quarter 2023 results are likely to benefit from strong contributions from BetMGM, pent-up demand, domestic operations and strategic expansion initiatives.
- 04/27/2023
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3 Blue-Chip Stocks That Will Never Go Out of Style
- Some companies are in rapidly-growing sectors, have powerful brands, with significant moats. Indeed, such companies are often known as blue-chip stocks that will never go out of style.
- 04/24/2023
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MGM Resorts: Solid Long-Term Growth Drivers Are Very Reassuring
- MGM Resorts: Solid Long-Term Growth Drivers Are Very Reassuring
- 04/19/2023
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3 Reasons I'm Bullish on MGM Resorts Stock
- MGM's operations on the Las Vegas Strip grew revenue by 27% in the fourth quarter of 2022. Now that Macao has reopened, MGM China has enjoyed a wave of returning visitors.
- 04/19/2023
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MGM Resorts (MGM) Receives Approval to Build Resort in Japan
- MGM Resorts (MGM) continues to emphasize international expansion to drive growth. The company will develop a resort in Osaka.
- 04/17/2023
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3 Stocks to Buy Before the Fed Starts to Cut Interest Rates
- Most analysts agree that the Federal Reserve will likely start to cut rates later this year, and buying stocks of companies that benefit from such a rate-cut environment is a good idea. It's hard to say whether or not we are at the terminal rate, but I can confidently say that we are pretty close to it.
- 04/16/2023
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MGM Resorts receive approval to build in Japan
- Yahoo Finance Live discusses MGM Resorts gaining approval to build a casino resort in Japan which would be the first ever casino in the country.
- 04/14/2023
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Landry CEO Tilman Fertitta is bullish on the gaming industry
- Tilman Fertitta, Landry's Chairman & CEO, on the health of the consumer with CNBC's Melissa Lee and the Fast Money traders
- 04/13/2023
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MGM Resorts, Qualcomm, and More Stocks to Sell Into the Market Rally
- The Russell 1000 index has risen 12% since October. The further it goes, the more likely it is that certain stocks will fail to keep pace.
- 04/11/2023
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3 Gambling Stocks to Play the Sports Betting Craze
- As more states legalizing sports betting, and revenge travel heats up, the tourism scene in various gambling locales should improve. From “Sin City” to online gambling stocks, there are plenty of options for growth investors looking to get in on the action, by betting on the house.
- 04/07/2023
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Analysts Predict A Blow-Out First-Quarter Profit From 11 Stocks
- Brace yourself for lots of highs and lows when it comes to first-quarter S&P 500 earnings results. The spread will be large.
- 04/04/2023
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Gaming Stocks Pop Near Buy Points As Macau Revenue More Than Triples
- The Macau revenue tally was the highest since January 2020, just before Covid-19 lockdowns began. Gaming stocks gained.
- 04/03/2023
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7 Hot Gaming Stocks to Invest in Now
- For this column, I will define “hot gaming stocks” as companies in the gambling and video-game sectors that have positive momentum. In the U.S., gambling stocks are generally poised to generate strong results.
- 03/25/2023
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This Is the Best Way to Play China's Recovery in 2023
- Macao is already starting to see a surge in post-zero-COVID business.
- 03/24/2023
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7 Great Value Stocks to Buy While You Can
- According to JPMorgan, “Value investing is about picking stocks based on their potential long-term value,” and “Value investors are looking to buy stocks that are overlooked by other investors.” With concerns about the economy being way overdone at this point and fears on the Street, in general, running relatively high, there are many value stocks to buy that market is vastly underestimating “potential long-term value.
- 03/20/2023
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The 7 Lowest-Paying Dividend Stocks for Income Haters
- The lowest-paying dividend stocks don't have the same cachet as their high-yielding counterparts. After all, if you are looking for your portfolio to generate steady returns and/or steady income, you obviously want to find the stocks that can provide the highest risk-adjusted return.
- 03/20/2023
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3 Premium Dividend Stocks to Buy for Years of Passive Income
- Why gamble when you can invest? Share in the profits from owning iconic casinos with VICI Properties.
- 03/18/2023
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March Madness betting predicted to double Super Bowl
- CNBC's Contessa Brewer joins 'Closing Bell: Overtime' to discuss March Madness betting.
- 03/17/2023
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3 Sports Betting Stocks That Don't Feel Like a Gamble
- The legalization of sports betting is one of the leading economic stories in a post-pandemic world. But investing in sports betting stocks has been a cautionary tale for investors.
- 03/15/2023
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Which Casino Stock Could Fetch the Most Attractive Returns?
- The Covid-19 pandemic crushed travel and casino companies. However, pent-up demand following the reopening of the economy boosted travel and helped drive business to major casinos.
- 03/14/2023
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MGM Resorts' (MGM) BetMGM Mobile App Debuts in Massachusetts
- MGM Resorts' (MGM) BetMGM launches its sports betting mobile app in Massachusetts.
- 03/13/2023
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Better Buy: MGM Resorts or Caesars Entertainment Stock?
- MGM Resorts resumed operations in China's Macao region earlier this year. Caesars Entertainment observed impressive digital growth last quarter.
- 03/13/2023
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MGM Resorts (MGM) BetMGM Collaborates With Boston Red Sox
- MGM Resorts' (MGM) BetMGM turns sports betting partner for Boston Red Sox. The partnership emphasizes on the integration of GameSense and co-branded digital content.
- 03/08/2023
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3 Reasons to Bet on MGM Resorts Stock
- MGM Resorts is bouncing back from the worst of the COVID-19 pandemic. Yet, some challenges remain for the global hotel and casino operator.
- 03/08/2023
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Better Buy: MGM Resorts or Las Vegas Sands Stock?
- MGM's business on the Las Vegas Strip thrives amid regional expansion. Las Vegas Sands enjoyed strong performance at its Marina Bay Sands property last quarter.
- 03/08/2023
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Better Casino Stock Buy: MGM or Wynn Resorts?
- Two global players go head-to-head.
- 03/03/2023
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2 Resort Stocks For Your March 2023 Watchlist
- Here are two resort stocks to check out in the stock market this month.
- 03/03/2023
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MGM stock price forecast: Barclays sees another 40% upside
- MGM Resorts International (NYSE: MGM) has already returned nearly 30% since the start of the year but a Barclays analyst is convinced the rally is from done just yet. MGM stock could climb to $59 Brandt Montour assumed coverage of the hospitality and entertainment company this morning with an “overweight” rating.
- 02/24/2023
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3 Surging Stocks That the Big Money Loves
- Since the pandemic, retail investors have accounted for a much larger percentage of stock purchases than before that era, but institutional investors still dominate the stock market. Providing evidence of that assertion, in 2021, JPMorgan found that “institutional investors account for around 90% of the daily trading volume on the Russell 3000 index, which is the broadest major U.S. stock index,” Seeking Alpha reported.
- 02/24/2023
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Michael Burry's Top Buys of the 4th Quarter
- Michael Burry, the famed investor covered in Michael Lewis' book, “The Big Short,” and portrayed by Christian Bale in a 2015 movie of the same name, released the fourth-quarter 2022 equity portfolio for Scion Asset Management earlier this month.
- 02/23/2023
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Better Buy: MGM Resorts vs. Las Vegas Sands
- Will Macao recover in 2023?
- 02/22/2023
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Why MGM Resorts Stock Is a No-Brainer Buy Right Now
- With China back in the equation, the company anticipates "tremendous" growth opportunities.
- 02/20/2023
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3 Travel Stocks Unfazed By Recession Fears
- The travel industry has been one of the most challenging sectors to invest in for the past few years, as COVID-19 was such a gut shot to the industry. Travel volume went to near-zero virtually overnight, and it still hasn't fully recovered.
- 02/17/2023
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8 Stocks Michael Burry Was Betting on Before Cryptic ‘Sell' Warning
- On Jan. 31, hedge fund manager Michael Burry tweeted out a single word that conveyed an ominous and cryptic message: “Sell.” Shortly after, the Scion Asset Management founder deleted his tweet.
- 02/15/2023
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3 of "The Big Short's" New Purchases
- Hedge fund legend Michael Burry rose to prominence after making more than $100 million by correctly predicting the subprime mortgage crisis in 2007. In this article, Andrew Rocco will unveil Burry's latest purchases.
- 02/15/2023
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'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com
- Burry's Scion Asset Management swapped out all but two of the holdings in its US stock portfolio, and grew its total number of positions to nine.
- 02/14/2023
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Sports betting: iGaming ‘really moves the needle,' analyst says
- Citizens Capital Markets Head of Gaming & Leisure Investment Banking Christopher Lynch joins Yahoo Finance Live to discuss U.S. sports betting following Sunday night's Super Bowl LVII, betting trends, customer acquisitions, and the outlook for sports betting.
- 02/13/2023
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7 Stocks to Buy and Hold for the Next 20 Years
- When looking for stocks to buy and hold for the next 20 years, it's essential to find ones with economic moat. After all, when it comes to picking stocks, they should strong competitive advantages that are in durable sectors.
- 02/12/2023
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Restaurant Investors Might Have Something New on the Menu
- Plus, a look at the business of gambling.
- 02/11/2023
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Should You Invest in Super Bowl Weekend?
- Super Bowl LVII is this Sunday, with the Kansas City Chiefs and the Philadelphia Eagles vying for the championship.
- 02/10/2023
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MGM stock rises on Q4 sales beat, return of Macau gambling
- MGM stock is rising following positive news out of the company's Q4 earnings report.
- 02/09/2023
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MGM Resorts' (MGM) Q4 Earnings And Revenues Beat Estimates
- MGM Resorts' (MGM) fourth-quarter top line benefits from increased business volume and travel activity, primarily at the Las Vegas Strip Resorts and Regional Operations.
- 02/09/2023
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These Winning Stocks Look Like a Smart Bet
- Investors are fully committed to seeing the world get back to normal.
- 02/09/2023
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MGM (MGM) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for MGM (MGM) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/09/2023
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MGM Resorts International (MGM) Q4 2022 Earnings Call Transcript
- MGM Resorts International (NYSE:MGM ) Q4 2022 Earnings Conference Call February 8, 2023 5:00 PM ET Company Participants Andrew Chapman - Director, IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Shaun Kelley - Bank of America Joseph Greff - JPMorgan Cassandra Lee - Jefferies Carlo Santarelli - Deutsche Bank Stephen Grambling - Morgan Stanley Chad Beynon - Macquarie Research Robin Farley - UBS John DeCree - CBRE Securities Barry Jonas - Truist Securities Steven Wieczynski - Stifel Daniel Politzer - Wells Fargo Jordan Bender - JMP Securities Operator Good afternoon, and welcome to the MGM Resorts International Fourth Quarter and Full Year 2022 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.
- 02/08/2023
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Wall Street likes MGM's March Madness odds, stock buyback
- Executives at casino-resort operator MGM Resorts International Inc. are betting on best-ever returns next month, as March Madness and other big events converge on Las Vegas.
- 02/08/2023
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MGM Resorts (MGM) Beats Q4 Earnings and Revenue Estimates
- MGM (MGM) delivered earnings and revenue surprises of 143.13% and 7.26%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/08/2023
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Lack of downside for the dollar prevents upside for equities, says BTIG's Jonathan Krinsky
- Jonathan Krinsky, BTIG chief market technician, joins 'Closing Bell: Overtime' to discuss his belief that markets are nearing a critical level.
- 02/08/2023
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Why Joe Terranova calls casinos the 'dinosaurs of the desert'
- CNBC's Contessa Brewer joins the 'Halftime Report' to discuss casino earnings coming later today and what that could mean about the health of consumers. The investment committee weighs in on the sector.
- 02/08/2023
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MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation
- MGM verticals cover the entire spectrum of gaming's post-pandemic future both in brick-and-mortar and online gaming. IAC increased its MGM holding to 16.5% of the outstanding, adding to its original position last September.
- 02/08/2023
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Why MGM Resorts (MGM) Might Surprise This Earnings Season
- MGM Resorts (MGM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/07/2023
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MGM Resorts (MGM) Gears Up for Q4 Earnings: What's in Store?
- MGM Resorts (MGM) fourth-quarter 2022 results are likely to reflect gains from increased visitation in the Las Vegas market.
- 02/06/2023
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Third-Largest U.S. Pension Sells Alibaba, TSMC, and MGM Stock.
- The New York State Common Retirement Fund cut stakes in Alibaba, Taiwan Semiconductor, and MGM in the third quarter. It doubled down on Harley-Davidson.
- 02/05/2023
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MGM Resorts (MGM) Unveils Sport Betting in Massachusetts
- MGM Resorts' (MGM) BetMGM and MGM Springfield collaborates with the Massachusetts Gaming Commission to boost gaming offerings in Massachusetts.
- 02/01/2023
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MGM Resorts' (MGM) BetMGM Optimistic About 2023 Prospects
- MGM Resort's (MGM) BetMGM expects to be EBITDA positive in the second half of 2023.
- 01/27/2023
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Entain says BetMGM, its 50/50-owned joint venture with MGM Resorts International, saw revenue rise strongly in 2022
- Entain PLC (LSE:ENT) has revealed that BetMGM, its 50/50-owned joint venture with MGM Resorts International, saw revenue rise strongly in 2022, as the company targets positive earning for 2023. The FTSE 100-listed betting group said BetMGM net revenue was US$1.44bn in 2022, up 69% from about US$850mln in 2021, and ahead of its prior guidance of US$1.3 billion.
- 01/26/2023
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Up 16% Over The Past Month, What's Next For MGM Stock?
- MGM Resorts stock has gained about 16% over the last month (21 trading days) outperforming the S&P 500 which remains up by about 5% over the same period.
- 01/26/2023
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The 7 Best Travel Stocks to Buy for January
- It's totally plausible for economists, investors, stock pundits, and others to have very different views about the economy and the stock market's outlook. But when it comes to the travel sector, I think it's crystal clear that the space is continuing to boom.
- 01/25/2023
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3 Stocks to Buy While They Are on Sale
- These stocks are industry leaders that the market doesn't fully appreciate right now.
- 01/20/2023
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7 Consumer Discretionary Stocks to Buy if You Don't Think a Recession Is Coming
- Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. One of the most recent, startling headlines in this category came from Goldman Sachs, which predicted that even the eurozone would not suffer a recession this year.
- 01/12/2023
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MGM Resorts Actually Gained 15.8% in the Second Half of 2022. Is the Worst Over?
- Investors are excited about the future of this casino giant.
- 01/09/2023
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UBSFY vs. MGM: Which Stock Should Value Investors Buy Now?
- UBSFY vs. MGM: Which Stock Is the Better Value Option?
- 01/04/2023
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5 Toxic Stocks That Can Set Off Alarm Bells for Your Portfolio
- Investors who can correctly spot overpriced stocks and shun them at the right time can avoid big losses. Dump toxic stocks like MGM, ILMN, OMCL, HL and RDNT to prevent portfolio bleeding.
- 01/04/2023
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Gaming Stocks Rally On Tailwinds In World's Largest Gambling Hub
- Gaming stocks ran at the head of rallying China-based stocks Tuesday, after data suggested Covid infections may have peaked in large cities. The post Gaming Stocks Rally On Tailwinds In World's Largest Gambling Hub appeared first on Investor's Business Daily.
- 01/03/2023
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The Top 7 Stocks to Watch in 2023
- A bull-bear battle is starting to materialize in the stock market, and I believe that the struggle will intensify in early 2023. Bears believe that we're heading for a steep recession and a horrible macro environment for stocks, and many of them are looking for unprofitable growth equities to short.
- 12/30/2022
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MGM Resorts: Raise Your Bet For 2023
- MGM Resorts' third quarter results are topping pre-pandemic revenues, while the business in China is lagging behind. China's policies have changed drastically, and herd immunity might be present in 3 months.
- 12/25/2022
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2 Reasons MGM Resorts Stock Could Skyrocket
- This casino giant could make an excellent long-term bet.
- 12/21/2022
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Casinos Win New Macao Licenses, but Will Shares Rise?
- What happens if you open the casino doors and no one comes?
- 12/21/2022
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Better Buy: MGM Resorts or Caesars Entertainment?
- Casinos and sports betting services, both physical and online, look poised for growth in the coming years.
- 12/17/2022
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4 Toxic Stocks That Can Drag Down Your Portfolio Performance
- IEP, VWDRY, MGM and DZSI are a few toxic stocks that you should dump now to avoid portfolio bleeding.
- 12/16/2022
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Investors In China Stocks Operating Blind Under New Covid Policies
- China stocks booked broad losses Thursday as Covid cases appeared to be increasing. Analysts advise caution ahead of China's Lunar New Year.
- 12/15/2022
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7 Stocks on the Cusp of a Breakout
- It's time to look for strong, potential breakout stocks. All as the outlook for the U.S. economy and the overall stock market start to improve.
- 12/13/2022
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Jim Cramer breaks down shares of Apple, Disney and MGM Resorts
- CNBC's Jim Cramer and the 'Squawk on the Street' team discuss shares of Disney after the company released its annual 10-K report. Cramer also discusses shares of MGM Resorts and Apple.
- 12/05/2022
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China Stocks Extend Rebound On Easing Covid Restrictions
- Major China stocks and ETFs shot up early Monday after the Chinese government loosened Covid restrictions over the weekend. The post China Stocks Extend Rebound On Easing Covid Restrictions appeared first on Investor's Business Daily.
- 12/05/2022
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MGM (MGM) Up 18.7% Since Last Earnings Report: Can It Continue?
- MGM (MGM) reported earnings 30 days ago. What's next for the stock?
- 12/02/2022
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MGM Grand and Mandalay Bay are very attractive deals for Vici Properties investors, says CEO
- Edward Pitoniak, Vici CEO, joins 'Power Lunch' to discuss why it's important to own 100% of Mandalay Bay and MGM Grand, how the company could've paid less for for its stake in both companies and more.
- 12/01/2022
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Trader Triple Play: Boeing, casinos & homebuilders on the move
- The traders discuss Boeing, Wynn, LVS and the homebuilders. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Dan Nathan, Guy Adami and Steve Grasso.
- 11/29/2022
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Casino Stocks Got Good News, but Investors Remain Wary
- A down market day shows ongoing concerns about a host of geopolitical and macroeconomic issues.
- 11/28/2022
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Casino Stocks React to Macau Licenses, China Protests
- Casino stocks are in the spotlight today, after the Macau government issued six new licenses for operators to continue doing business in the region.
- 11/28/2022
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MLCO Soars, Casino Stocks Mixed As Macau Overhang Eases
- Casino stocks have been volatile this year, amid the uncertain regulatory climate in Macau. The post MLCO Soars, Casino Stocks Mixed As Macau Overhang Eases appeared first on Investor's Business Daily.
- 11/28/2022
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Casino stocks: Wynn, MGM, L.V. Sands rise after Macau renewed licenses
- Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman discuss the moves in casino stocks after Macau license renewals.
- 11/28/2022
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MGM, Wynn, Las Vegas Sands stocks surge Macau renews license
- Shares of some casino operators surged Monday, after Macau tentatively renewed their casino licenses, after the company pledged to make investments in attractions not related to gambling, as the Associated Press reported. Las Vegas Sands Corp. shares LVS, +0.26% climbed 3.7% toward a nine-month high in premarket trading, Wynn Resorts Ltd.
- 11/28/2022
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Macao awards casino licenses to MGM, Sands, Wynn and three others
- Macao has tentatively renewed the casino licenses of MGM Resorts MGM, -0.42% , Las Vegas Sands LVS, +0.26% , Wynn Resorts WYNN, -0.57% and three Chinese rivals after they promised to help diversify its economy by investing in non-gambling attractions, the government said Saturday.
- 11/26/2022
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Want to Boost Your Portfolio? 3 Reasons to Bet on MGM Stock.
- This gambling giant looks poised for long-term success.
- 11/24/2022
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7 Best Hotel Stocks to Buy Now
- The central thesis for buying hotel stocks right now is a belief that demand for travel will continue. And if that's true, then the best hotel stocks will offer investors a combination of value and growth.
- 11/22/2022
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7 Stocks to Buy to Profit from the Political Uncertainty
- Pending the runoff election in Georgia, Americans now have clarity on the balance of power in Washington, D.C. for the next two years.
- 11/18/2022
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This Casino Stock Just Had Its Best Revenue Quarter in History. Time to Buy?
- MGM Resorts International beat revenue estimates but remained unprofitable in Q3.
- 11/16/2022
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Why MGM Resorts Stock Scored a Win on Tuesday
- A face familiar to soccer fans will grace BetMGM's marketing materials, and even one of its games.
- 11/15/2022
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Distance Yourself From These 4 Toxic Stocks to Avoid Losses
- Identifying toxic stocks and abandoning them at an accurate time is the key to protect your portfolio from big losses. IEP, MGM, VWDRY and IHRT are a few such toxic stocks you should dump right away.
- 11/15/2022
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2 Top Dividend Stocks You Can Buy Right Now
- These dividend stocks should perform well, even if the economic uncertainty persists.
- 11/13/2022
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MGM Resorts, Wynn stocks pop as China eases its COVID measures
- Gaming stocks like MGM Resorts and Wynn Resorts are moving higher on news that China is easing some of its COVID restrictions.
- 11/11/2022
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Why MGM Resorts Soared in October and Plummeted to Kick Off November
- There could be an opportunity for investors in the casino operator if they play their cards right.
- 11/04/2022
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MGM Resorts (MGM) Q3 Earnings Miss Estimates, Revenues Top
- MGM Resorts' (MGM) third-quarter performance benefits from increased business volume and travel activity, primarily at the Las Vegas Strip Resorts.
- 11/03/2022
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Why MGM Resorts Stock Was Sliding Today
- The casino operator surprised investors by reporting a third-quarter loss.
- 11/03/2022
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MGM Sees Vegas Recovery, Regional Resilience And BetMGM Growth
- MGM is the better of the US large cap casino operator plays. We pointed out there'd be resilience in regional, which there was. Vegas also saw a great recovery making China declines irrelevant.
- 11/03/2022
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MGM Resorts International (MGM) Q3 2022 - Earnings Call Transcript
- MGM Resorts International. (NYSE:MGM ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Andrew Chapman - Director, IR William Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Hubert Wang - President and Chief Operating Officer of MGM China Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America David Katz - Jefferies Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Robin Farley - UBS John DeCree - CBRE Barry Jonas - Truist Securities Stephen Grambling - Morgan Stanley Ben Chaiken - Credit Suisse Operator Good afternoon and welcome to the MGM Resorts International Third Quarter 2022 Earnings Conference Call.
- 11/02/2022
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MGM Resorts (MGM) Reports Q3 Loss, Tops Revenue Estimates
- MGM (MGM) delivered earnings and revenue surprises of -731.82% and 4.81%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2022
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MGM Stock Slumps as Earnings Miss Estimates
- The casino operator reported a surprise loss due to amortization changes and a gain in the prior quarter.
- 11/02/2022
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Ranking the 3 Top Casino Stocks to Buy From Best to Worst
- Casino stocks have witnessed a steep drop amidst record inflation and recessionary fears this year. These headwinds are linked to lower consumer discretionary spending, resulting in massive sell-offs in all major casino and gaming equities.
- 11/02/2022
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Why Carnival, Peloton, and MGM Resorts Are Soaring On Tuesday
- Manufacturing data was good and China may reopen, but there are warning signs as well.
- 11/01/2022
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Why Travel Stocks Doing Business in China Plunged on Monday Morning
- The country is on investors' minds today.
- 10/24/2022
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Even The Hellbent Fed Can't Slow Down These 8 Stocks' Profit
- Rising rates and a Fed determined to "break the world" is chilling the S&P 500. But some fast-growth companies are powering right through it, analysts say.
- 10/18/2022
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MGM Resorts Is The Best Bet Among Casino Stocks Right Now
- MGM has successfully navigated through covid-19 headwinds and is on track to surpassing pre-pandemic revenue performance. MGM is the only profitable player compared to CZR and WYNN and is growing its EBITDA margins compared to its 5-year average.
- 10/18/2022
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Will MGM Resorts Rise to the Top of the Casino Food Chain?
- Casino operator MGM Resorts (NYSE: MGM) been profitable during the post-pandemic recovery faring much better than leading rival casinos Las Vegas Sands
- 10/14/2022
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4 Toxic Stocks That May Stress You Out Amid Market Turmoil
- Just like identifying promising stocks, detecting toxic stocks and dumping them at the right time are crucial to safeguarding one's portfolio from big losses.
- 10/13/2022
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Why MGM Resorts Stock Was Up on Wednesday
- The hospitality company is remodeling one of its Las Vegas properties
- 10/12/2022
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MGM Resorts (MGM) BetMGM Collaborates With Cincinnati Reds
- MGM Resorts' (MGM) BetMGM turns sports betting partner for Cincinnati Reds. The partnership emphasizes on the entitlement of a retail BetMGM Sportsbook at Great American Ball Park.
- 10/12/2022
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MGM Resorts CEO Bill Hornbuckle discusses current economic landscape
- Bill Hornbuckle, president and CEO of MGM Resorts, joins CNBC's Contessa Brewer to discuss the current economic landscape for gaming and sports betting.
- 10/11/2022
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Why Travel Stocks Tanked Today
- A combination of negative factors hit travel stocks hard today.
- 10/11/2022
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Why Consumer Discretionary Stocks Fell on Consumer Spending Worries
- It's a big week for data and earnings, and the market is down big as investors anticipate what's to come.
- 10/10/2022
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Casino Stocks Plunge as Chinese Stay Home for Holiday Week
- China recorded 422 million domestic trips during the Golden Week holiday, which was 39% lower than the 2019 level and 18.2% less than the same period in 2021.
- 10/10/2022
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Fundamentals in the gaming sector are actually quite strong, says Houlihan Lokey's Simkins
- Joel Simkins, Houlihan Lokey managing director, joins 'Power Lunch' to discuss how gaming companies are doing, how current debt levels will affect M&A in the gaming space and companies that are well-situated for rising rates in the future.
- 10/06/2022
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Which of These Casino Stocks Is a Hotter Buy?
- One of these gaming industry stocks is flashing the bargain alert.
- 10/06/2022
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Why Gaming Stocks Jumped on Tuesday
- The market is betting that lower interest rates are coming sooner than later.
- 10/04/2022
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2 Sports Betting Stocks For Your October 2022 Watchlist
- Is now a good time to add these sports betting companies to your watchlist today?
- 09/29/2022
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Macau Mania: Worthy of a Bet?
- Yesterday, several gaming and casino-related stocks stole the spotlight, providing serious gains. Should investors try to tap into the resurgence of Macau?
- 09/27/2022
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Macau Casino Stocks Soar As China Readies To Open Up Travel
- Casino stocks jumped early Monday as Macau city officials signaled China is set to ease Covid-era travel restrictions, making it much easier for people to return to globe's largest gambling
- 09/26/2022
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Macau casino shares soar after China allows tour groups after more than 2.5 years
- Shares in Macau casino operators were set to soar between 5-13% percent on Monday morning after the city's leader said China would resume an e-visa scheme for mainland travellers and permit group tours, key catalysts which are likely to drive an increase of visits to the world's biggest gambling hub.
- 09/25/2022
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MGM Resorts (MGM) Declines 31% in a Year: Is the Worst Over?
- MGM Resorts (MGM) is likely to benefit from strong leisure, sports betting and iGaming demand.
- 09/23/2022
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Two Fun Stocks The Insiders Are Buying
- The insiders are buying these two fun travel and leisure stocks now that they are trading at deep discounts to their pandemic peaks.
- 09/22/2022
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3 Gaming Stocks to Watch Despite Industry Challenges
- Robust demand for online betting bodes well for the Gaming industry. Stocks like MGM, WYNN and BYD are benefiting from an improving industry trend.
- 09/21/2022
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My 2 Top Dividend Stocks for September
- These beaten-down income stocks are primed to shine in these troubled times.
- 09/19/2022
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MGM Resorts' Stock in 3 Minutes
- The gambling business may be more attractive than you think right now.
- 09/12/2022
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This High-Yield Dividend Stock Is a No-Brainer
- VICI Properties is a convenient source of capital for its tenants.
- 09/10/2022
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4 Best Entertainment Stocks to Buy Now
- Editor's note: This article is regularly updated with the latest information. For nearly all of 2022, the bears have been reigning.
- 09/06/2022
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MGM Resorts' (MGM) BetMGM Unveils Online Offerings in Kansas
- MGM Resorts' (MGM) BetMGM launches online sports wagering platform in Kansas. The company expands BetMGM's mobile and online product offerings to 24 states.
- 09/02/2022
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MGM Resorts Will Entertain Your Portfolio
- Las Vegas is packed, still below 2019 levels. Macau reopening and BetMGM expansion can boost the stock higher.
- 08/27/2022
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7 Stocks to Sell When Consumer Confidence Is Falling
- An economic recession is looking increasingly likely and it's time to look around for stocks to sell. A majority of economists (72%) polled by the National Association of Business Economics say they expect the U.S. to enter a recession by the middle of next year.
- 08/25/2022
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Are These 2 Gambling Stocks Poised for a Comeback?
- While the market still faces significant uncertainty, these companies are worth a closer look.
- 08/24/2022
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Love Cash Flow? You'll Love MGM Resorts Stock
- Casinos are now a great cash flow business.
- 08/23/2022
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Credit Suisse braces for shake up, MGM injects $600M into China unit, and more
- Yahoo Finance's Julie Hyman breaks down the leadership change at Credit Suisse, MGM's investment in its Macau unit, and Wendy's removing sandwich lettuce over E. coli fears.
- 08/22/2022
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MGM China to inject $594 million into Macau unit to re-tender for casino license
- Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in Macau.
- 08/21/2022
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Las Vegas Is no Longer a Casino Town
- There's a lot more to Las Vegas than gambling.
- 08/17/2022
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Insiders Buy Around $70M Of 4 Stocks: Six Flags Entertainment, MGM Resorts And More
- Although US stocks closed higher on Monday, there were a few notable insider trades.
- 08/16/2022
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7 Stocks to Buy This Week
- Believe it or not, the stock market appears to not be on the brink of implosion. This pleasantly surprising reality therefore draws attention to certain stocks to buy this week.
- 08/15/2022
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What's Next For MGM Resorts After A Strong Q2?
- MGM Resorts stock has gained about 17% over the last month (21 trading days) considerably outperforming the S&P 500 which remains up by about 6% over the same period. The recent rally is being driven by a couple of factors including the company's stronger than expected Q2 2022 results.
- 08/11/2022
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Is Now the Time to Place a Bet on Casino Stocks?
- The S&P 500 index is up about 9% so far in the third quarter of this year, while the consumer discretionary sector is up about 19%.
- 08/10/2022
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MGM Resorts: Hiding In Plain Sight, A Global Giant In The Making
- Earnings calls don't always tease out what should be obvious to investors who take a long-term view. MGM's ambitions go way beyond the water's edge.
- 08/08/2022
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7 Large-Cap Stocks to Buy Before the Bull Market Returns
- Major companies are trading at a discount right now, resulting in several large-cap stocks to buy before the bull market returns. While nearer-term momentum has brought some bullishness into the arena, the benchmark S&P 500 is down 15% on a year-to-date basis, presenting opportunities for contrarian investors.
- 08/07/2022
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7 Cheap Blue-Chip Stocks to Buy Before They Rebound
- Trying to find a good bargain seems tough these days, but there are certainly opportunities for savvy investors. Looking for cheap blue-chip stocks to buy before they rebound is a smart strategy right now.
- 08/05/2022
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MGM Resorts (MGM) Q2 Earnings Miss Estimates, Revenues Top
- MGM Resorts (MGM) second-quarter performance benefits from robust regional operations, courtesy of strong leisure demand and a better convention business.
- 08/04/2022
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Why MGM Resorts Stock Jumped After Earnings
- MGM's U.S. business is hitting on all cylinders.
- 08/04/2022
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MGM Resorts International (MGM) CEO Bill Hornbuckle on Q2 2022 Results Earnings Call Transcript
- MGM Resorts International (NYSE:MGM ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Andrew Chapman - Director, IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO Corey Sanders - COO Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Dan Politzer - Wells Fargo Chad Beynon - Macquarie John DeCree - CBRE Securities Robin Farley - UBS Barry Jonas - Truist Securities Operator Good afternoon and welcome to the MGM Resorts International Second Quarter 2022 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.
- 08/03/2022
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MGM Resorts (MGM) Q2 Earnings Lag Estimates
- MGM (MGM) delivered earnings and revenue surprises of -87.50% and 7.61%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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Netflix sues 'Unofficial Bridgerton Musical' creators, MGM stock rises, CVS boosted by sales
- Yahoo Finance Live checks out several of today's trending stocks, including Netflix's motion to sue creators over infringement and CVS' Q2 earnings beat.
- 08/03/2022
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Macao casinos reopen as China keeps Covid prevention measures high
- CNBC's Contessa Brewer reports on news from Macao.
- 07/25/2022
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Longleaf Comments on MGM Resorts
- MGM Resorts ( MGM , Financial) – The casino and online gaming company declined in the quarter, aspotential travel cutbacks in the face of increased fuel prices and recession fears weighed on the stock. Additionally, the broader online gaming industry has fallen out of favor, but BetMGM's online gaming business is continuing to grow regardless of the environment.
- 07/22/2022
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Can MGM Resorts Stock Reach $50 Again? It's Likely Eventually
- MGM has a lot of resilient pieces, especially when compared to some formerly more exposed Las Vegas peers like Las Vegas Sands. In particular, the regional exposures are attractive.
- 07/19/2022
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Jim Cramer gives his take on big banks' earnings
- Jim Cramer, Mad Money host, joins 'Squawk Box' to discuss his first take on Mad Money's move to NYSE and big banks' earning reports.
- 07/18/2022
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Casino CEOs say the industry isn't yet seeing signs of recession, but is prepared for a pullback
- MGM and Wynn Resorts CEOs discuss the looming recession at CNBC's Evolve Global Summit.
- 07/13/2022
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MGM Resorts (MGM) Down 31% in Past 3 Months: Is Revival Likely?
- MGM Resorts (MGM) is likely to benefit from robust demand for sports betting, loyalty program and improving domestic operations.
- 07/13/2022
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Casino Stocks Plummet After Macau Declares Shutdown
- Stocks like MGM Resorts (MGM), Melco Resorts & Entertainment (MLCO), Wynn Resorts (WYNN) and Las Vegas Sands (LVS) decline after Macau announces shutdown.
- 07/12/2022
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Big US casino operators like Wynn and MGM stand to lose millions after China's gambling capital of Macau shut down operations to curb Covid
- China's gambling capital has shut down operations for the first time since February 2020 in an attempt to curb its worst outbreak of Covid-19 yet.
- 07/11/2022
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Macau Lockdown Slashes Targets For Las Vegas Sands, MGM, Wynn — Try These 3 US Casino Stocks Instead
- Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau.
- 07/11/2022
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Macao is the largest gaming market in the world, and it will forever be, says MGM's Hornbuckle
- CNBC's Contessa Brewer reports on news from the world's top gaming CEOs.
- 07/11/2022
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Why Citigroup Is Feeling Lucky on These Casino Stocks
- Casino stocks were a staple of many portfolios for years, and with the expansion into Macau, China, they were considered a cash cow.
- 07/08/2022
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5 Stocks to Buy for 2H From the Worst-Performing Sector in 1H
- We have narrowed our search to five consumer discretionary stocks. These are: MAR, MGM, HRB, WH, NXST.
- 07/07/2022
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4 Best Entertainment Stocks to Buy Now
- The storyline on Wall Street is a bearish one right now, but a new chapter will make these discounted best entertainment stocks worthy buys. The post 4 Best Entertainment Stocks to Buy Now appeared first on InvestorPlace.
- 07/01/2022
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The 7 Worst Stocks to Buy in a Bear Market
- The worst stocks to buy in a bear market have several things in common and some might surprise you given recent performance. The post The 7 Worst Stocks to Buy in a Bear Market appeared first on InvestorPlace.
- 06/29/2022
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Why MGM Resorts Stock Topped the Market Today
- China lightens quarantine requirements for inbound travelers.
- 06/28/2022
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Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions
- Casino stocks are on a roll today after China announced it will ease Covid-19 lockdowns. Here's what investors need to know.
- 06/28/2022
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MGM Resorts' (MGM) BetMGM Partners Carnival for Sport Betting
- MGM Resorts (MGM) and Entain Plc's joint venture ??? BetMGM?
- 06/20/2022
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MGM Resorts International's (MGM) Management Presents at Jefferies Global Consumer Conference (Transcript)
- MGM Resorts International (NYSE:MGM ) Jefferies Global Consumer Conference Call June 20, 2022 8:00 AM ET Company Participants Jonathan Halkyard - Chief Financial Officer Conference Call Participants David Katz - Jefferies David Katz Good day everyone, and thanks for joining us. I'm David Katz, Gaming Lodging and Leisure Analyst with Jefferies, and the next discussion that we're having today is with MGM Resorts and Chief Financial Officer, Jonathan Halkyard.
- 06/20/2022
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AstraZeneca weighs bid for Mereo, Carnival Cruises partners with MGM, Devon Energy stock plunges
- Yahoo Finance Live anchors Rachelle Akuffo, Seana Smith and Dave Briggs look at several of today's trending stocks tied to leading industry stories, including AstraZeneca weighing bid for Mereo, Carnival Cruise partnering with MGM, and Devon Energy stock plunging.
- 06/17/2022
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Cruise ships adding sports betting options for passengers
- The fast-growing legal sports betting industry is extending its reach to the middle of the ocean.
- 06/17/2022
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Casino stocks are taking a hit as consumers struggle with inflation and recession fears
- Casino stocks have underperformed the S&P 500 as consumers grapple with the highest inflation rates since the early 1980s.
- 06/17/2022
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What's Happening With MGM Resorts Stock?
- The company has been one of the big beneficiaries of the solid recovery of the gaming business in the Las Vegas market (which accounted for over 45% of MGM Resorts revenues pre-pandemic) and the broader U.S. gaming market as Covid-19-related concerns ease.
- 06/17/2022
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MGM: The Bear Dip In Progress Has Put MGM In Bargain Range At $27
- All gaming sector stocks are still beaten down due to the pandemic collateral damage from labor shortages, gas prices and inflation. At its current price, MGM poses a rare opportunity to not only enter if you don't own, but price average if you are out of the money to any degree.
- 06/16/2022
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Executives Buy Over $15M Of 3 Stocks
- Although the Dow Jones dropped around 875 points on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain.
- 06/14/2022
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Why Travel and Leisure Stocks Sank on Monday
- Inflation and interest rates and inverted yield curves -- oh my!
- 06/13/2022
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Why MGM Stock Got Rocked Today
- Investors reacted sharply to news of the company's latest asset sale.
- 06/10/2022
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MGM Resorts (MGM) to Divest Gold Strike Tunica Operations
- MGM Resorts (MGM) reaches an agreement with Cherokee Nation Entertainment Gaming Holdings, LLC to sell its operations of Gold Strike Tunica.
- 06/10/2022
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MGM (MGM) Down 14.4% Since Last Earnings Report: Can It Rebound?
- MGM (MGM) reported earnings 30 days ago. What's next for the stock?
- 06/01/2022
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Here's Why Investors Should Retain MGM Resorts (MGM) Stock
- MGM Resorts (MGM) is gaining from solid consumer demand, high domestic casino spending and strong international leisure trends. However, a decline in traffic from pre-pandemic levels is a concern.
- 05/30/2022
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MGM Resorts: Time To Risk On Ahead Of Macau's Recovery
- MGM initiates robust M&A activity that enhances both its physical and online commercial operations. Expert assessments on the North American Monkeypox outbreak reassure uninterrupted operations of MGM.
- 05/25/2022
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3 Gaming Stocks to Watch Out For Despite Industry Woes
- Robust demand for online betting bodes well for the Gaming industry. Stocks like LVS, MGM and ACEL are benefiting from improving industry trends.
- 05/25/2022
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MGM Resorts: IAC's Barry Diller Licensed In Nevada In Clear Swerve To Bigger Online Deals Ahead
- MGM Resorts: IAC's Barry Diller Licensed In Nevada In Clear Swerve To Bigger Online Deals Ahead
- 05/25/2022
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MGM Resorts' (MGM) BetMGM on Track to Achieve Its Target
- MGM Resorts (MGM) and Entain Plc's joint venture ??? BetMGM?
- 05/13/2022
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Could MGM stock climb back to its ATH of $50 a share?
- BK Asset Management's Boris Schlossberg is hopeful that MGM Resorts International (NYSE: MGM) could climb back to its all-time high of $50 a share over the next twelve months. Schlossberg's bull case for MGM stock His positive view on the stock comes a day after MGM reported market-beating results for its fiscal Q1.
- 05/03/2022
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MGM resorts face revenue headwind amid China COVID-19 lockdowns
- Yahoo Finance Live reporters Akiko Fujita and Brian Cheung break down the chart of the day.
- 05/03/2022
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What Stocks To Buy Today? 3 Travel Stocks For Your List
- Should investors be going the distance for these top travel stocks?
- 05/03/2022
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What's Going On With MGM Resorts Stock Today?
- MGM Resorts International (NYSE: MGM) shares are trading lower Tuesday after the company announced financial results. MGM said first-quarter revenue increased 73% year-over-year to $2.9 billion, which beat the $2.78 billion estimate.
- 05/03/2022
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A Trio of Stocks With High Returns on Equity
- When a company's return on equity ratio is superior to most of its competitors, it generally indicates the company has been very efficient in generating profits. Thus, investors may want to consider the following stocks, since they are performing better than most of their peer group companies in terms of a higher ROE ratio.
- 05/03/2022
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MGM Resorts (MGM) Stock Gains on Q1 Earnings & Revenues Beat
- MGM Resorts (MGM) first-quarter 2021 results benefit from the elimination of mandated operational as well as capacity restrictions and an increase in travel.
- 05/03/2022
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MGM Resorts (MGM) Q1 Earnings and Revenues Surpass Estimates
- MGM (MGM) delivered earnings and revenue surprises of 111.11% and 3.82%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/02/2022
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MGM Resorts International (MGM) CEO Bill Hornbuckle on Q1 2022 Results - Earnings Call Transcript
- MGM Resorts International (NYSE:MGM ) Q1 2022 Earnings Conference Call May 2, 2022 5:00 PM ET Company Participants Andrew Chapman - Director, Investor Relations Bill Hornbuckle - Chief Executive Officer & President Jonathan Halkyard - Chief Financial Officer & Treasurer Corey Sanders - Chief Operating Officer Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Thomas Allen - Morgan Stanley Robin Farley - UBS Dan Politzer - Wells Fargo John DeCree - CBRE Securities Chad Beynon - Macquarie Barry Jonas - Truist Securities Ben Chaiken - Credit Suisse Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2022 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Hubert Wang, President and Chief Operating Officer of MGM China; and Andrew Chapman, Director of Investor Relations.
- 05/02/2022
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MGM resorts beats on earnings and revenue
- Contessa Brewer reports on MGM resorts latest earnings.
- 05/02/2022
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Why MGM Resorts Stock Is Climbing After Hours
- MGM Resorts International (NYSE: MGM) shares are trading higher during Monday's after-hours session after the company announced better-than-expected financial results. MGM said first-quarter revenue increased 73% year-over-year to $2.9 billion, which beat the $2.78 billion estimate, according.
- 05/02/2022
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MGM Resorts offers to buy Sweden's LeoVegas for $607 million
- MGM Resorts International on Monday offered to acquire Swedish online gaming company LeoVegas AB for about $607 million, paving the way for the U.S. casino operator to expand its presence in Europe.
- 05/02/2022
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Should You Buy MGM Resorts (MGM) Ahead of Earnings?
- MGM Resorts (MGM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/29/2022
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Why Is The Market Rewarding MGM Resorts Stock?
- The shares of MGM Resorts (NYSE: MGM) have been observing investor optimism despite sharp declines reported by peers, Wynn Resorts and Las Vegas Sands.
- 04/27/2022
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MGM Resorts (MGM) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
- MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/25/2022
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5 Travel Stocks Gurus and Insiders Are Booking With
- In light of United Airlines Holdings Inc. ( UAL , Financial) and American Airlines Group Inc. ( AAL , Financial) forecasting increased travel demand over the next few months, five travel stocks with high guru and insider buys are MGM Resorts International ( MGM , Financial), DraftKings Inc. ( DKNG , Financial), TripAdvisor Inc. ( TRIP , Financial), Linblad Expeditions Holdings Inc. ( LIND , Financial) and Scientific Games Corp. ( SGMS , Financial) according to the Guru and Insider Double Buys screen, a Premium feature of GuruFocus.
- 04/21/2022
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Here's Why Investors Should Retain MGM Resorts (MGM) Stock
- MGM Resorts (MGM) focuses on monetizing its real estate assets and bolstering its domestic cash position to drive growth. However, a decline in traffic from pre-pandemic levels is a concern.
- 04/14/2022
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The 9 'Sin' Stocks to Add to Your Watch List Now
- One of the more fascinating -- and perhaps ironic -- facets of Wall Street is the ability to profit off some of life's most notorious and long-standing vices.
- 04/14/2022
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Here's Why MGM Resorts (MGM) is a Strong Momentum Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 04/12/2022
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MGM: Swiss Army Knife Of Gaming Poised For Breakthrough Led By Vegas Spurt
- MGM has more uses in more gaming markets than any peers.
- 04/11/2022
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3 REITs With Inflation-Based Rent Escalations
- With home prices continuing to rise, oil over $100 per barrel, and food prices surging, there is no end in sight for high inflation rates.
- 04/10/2022
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Treasury Secretary Yellen Warns Of A Recession: Our Top Picks
- The war in Ukraine is likely to cause even more inflation in the short run.
- 04/09/2022
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Sports betting stocks sink even as major event schedule heats up
- CNBC's Contessa Brewer on why sports gambling stocks are getting hit right now. With CNBC's Brian Sullivan and the Fast Money traders, Guy Adami, Tim Seymour, Pete Najarian and Bonawyn Eison.
- 04/07/2022
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Why (Some) Gambling Stocks Are a Great Buy Right Now
- Gambling spending is up, if you know where to look.
- 04/07/2022
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MGM Resorts' (MGM) BetMGM Unveils Online Offerings in Ontario
- MGM Resorts' (MGM) BetMGM launches sports betting and iGaming platform in Ontario. With this, the company expands BetMGM's mobile and online product offerings to 23 states.
- 04/05/2022
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Sports betting stocks are no slam dunk, even during March Madness
- It's been an exciting NCAA men's basketball tournament so far. Baylor, the reigning champ, is already out. Perennial powerhouses Gonzaga and Duke still look solid. And we have this year's Cinderella: hello, Saint Peter's Peacocks!
- 03/24/2022
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March Madness: ‘Sports betting companies are winning' on revenue
- Macquarie Group Senior Analyst Chad Beynon joins Yahoo Finance Live to discuss the outlook for sports betting companies amid March Madness betting on the NCAA men's basketball tournament.
- 03/21/2022
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SportsGrid's Maione: Sports betting industry still in the third or fourth inning
- Louis Maione, co-founder and president of SportsGrid, joins CNBC's 'Squawk Box' to discuss sports betting trends, March Madness and more.
- 03/18/2022
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Buy The Dip In MGM Resorts Stock?
- Despite macroeconomic headwinds from the Russia-Ukraine war and skyrocketing inflation, the shares of MGM Resorts (NYSE: MGM) declined by just 12% since early February.
- 03/18/2022
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Why Casino Stocks Jumped Today
- Could Asia's gambling business be in for a recovery soon?
- 03/16/2022
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MGM Resorts (MGM) Banks on Sport Betting, Traffic Woes Stay
- MGM Resorts (MGM) focuses on loyalty program offerings to drive growth. However, a decline in traffic from pre-pandemic levels is a concern.
- 03/16/2022
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7 Sports Betting Stocks to Buy as March Madness Tips Off
- March Madness and sports betting go hand in hand. Here are seven sports betting stocks to consider before turning in your final bracket.
- 03/15/2022
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3 Bear Trades Pounce on Now
- The charts point to lower prices for these struggling stocks. That makes them prime candidates for bear trades in a volatile market.
- 03/14/2022
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Markets Bounce Back on Springlike Positivity
- A feeling of "normalization" has re-entered the markets, welcome as a spring breeze.
- 03/02/2022
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Why Macao's Casino Stocks Jumped Today
- If China eases its COVID-19 restrictions it could be a boon for Macao's gambling revenue.
- 03/02/2022
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MGM Resorts board OKs $2 billion share buyback program
- MGM Resorts International MGM, +4.32% late Wednesday said that its board of directors has authorized a new $2 billion share buyback program, saying that it believes there's "tremendous value" in its stock at current level. The company has $524.6 million remaining under a previous authorization, and it plans to use its remaining capacity before starting buybacks under the newly approved plan, it said.
- 03/02/2022
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4 Travel Stocks To Buy in March as the Pandemic Fades
- These travel stocks should get a big boost during the rest of the year as travel opens up around the world. The post 4 Travel Stocks To Buy in March as the Pandemic Fades appeared first on InvestorPlace.
- 02/23/2022
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Sports betting industry clearly needs consolidated: Engine Media's Tom Rogers
- Tom Rogers, Engine Media executive chairman, joins CNBC's 'Squawk Box' to discuss mobile gambling in New York and what it means for sports betting companies.
- 02/23/2022
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Yahoo Finance Plus investment idea of the day: MGM
- Yahoo Finance's Jared Blikre discusses a bullish call on MGM Resorts, which is the Yahoo Finance Plus investment idea of the day.
- 02/17/2022
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Boeing And 3 Other Stocks Bought By Insiders
- US stocks closed mixed on Wednesday following the release of minutes from the recent Federal Reserve meeting. Investors, meanwhile, focused on some notable insider trades.
- 02/17/2022
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7 Hot Stocks to Buy for a Cold Market
- Investors are scared of inflation and rising interest rates, but these hot stocks have done well for awhile and should continue to do so. The post 7 Hot Stocks to Buy for a Cold Market appeared first on InvestorPlace.
- 02/14/2022
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MGM Resorts and IAC to each purchase 4.5 million shares of MGM Resorts stock for $202.5 million each
- MGM Resorts International MGM, +1.04% and IAC/InterActive Corp. IAC, +0.55% have announced a plan to each purchase 4.5 million shares of MGM Resorts stock from Corvex Management LP for a total of $405.0 million, or $202.5 million each. The two companies are purchasing the stock for $45 per share.
- 02/14/2022
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Why These 3 Companies Crushed Earnings
- Within the past week, 39 S&P 500 companies surpassed the consensus expectation of bottom-line performance. Most of the beats were of the garden variety— 10%, 20%, or 30% above the Street.
- 02/14/2022
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Why Casino Stocks Jumped This Week
- Earnings season started off with a bang in the casino industry.
- 02/11/2022
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5 Sports Betting Stocks to Buy Before a Record-Setting Super Bowl
- With the Super Bowl incoming, many eyes are already looking toward the big game. Here are the top sports betting stocks to buy.
- 02/11/2022
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MGM Resorts: Why These Analysts Remained On The Sidelines Despite Strong Q4
- MGM Resorts International MGM reported its fourth-quarter revenues and margins ahead of Street expectations, with the beat being driven by its Las Vegas performance. Morgan Stanley On MGM Resorts
- 02/10/2022
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MGM Resorts (MGM) Stock Gains on Q4 Earnings & Revenues Beat
- MGM Resorts (MGM) fourth-quarter 2021 results benefit from the elimination of mandated operational as well as capacity restrictions and an increase in travel.
- 02/10/2022
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Sports betting: The legal status of U.S. gambling ahead of the 2022 Super Bowl
- Yahoo Finance's Alexis Keenan details the state of sports betting in the U.S., how much many will be wagered over the Super Bowl, and the legality of betting by state.
- 02/10/2022
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MGM Resorts International (MGM) CEO William Hornbuckle on Q4 2021 Results - Earnings Call Transcript
- MGM Resorts International (MGM) CEO William Hornbuckle on Q4 2021 Results - Earnings Call Transcript
- 02/09/2022
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MGM Resorts (MGM) Q4 Earnings and Revenues Surpass Estimates
- MGM (MGM) delivered earnings and revenue surprises of 500% and 10.47%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/09/2022
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MGM shares up on positive earnings report, international expansion plans
- Yahoo Finance's Jared Blikre breaks down the latest quarterly earnings for MGM.
- 02/09/2022
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Are Odds In Favor Of MGM Resorts?
- MGM Resorts stock (NYSE: MGM) has retained its valuation despite a downtrend in the conventional casino and the nascent sport betting industry. Notably, the shares of MGM's immediate competitors, including Las Vegas Sands and Wynn Resorts, are trading 30% below the highs observed in March 2021.
- 02/09/2022
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Earnings Previews: Disney, Fox, MGM Resorts, Uber
- Markets closed flat to lower on Monday, primarily due to some heavy last-minute selling.
- 02/08/2022
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Factors Setting the Tone for MGM Resorts' (MGM) Q4 Earnings
- MGM Resorts' (MGM) fourth-quarter 2021 performance is likely to reflect gains from pent-up consumer demand, rise in casino spend levels and improvements in group business.
- 02/07/2022
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New York Breaks State Online Sports Betting Record In 3 Weeks: The Early Winners And What's Next
- The highly anticipated launch of online sports betting kicked off in the state of New York in January. In only three weeks, New York is already breaking records for the sports betting industry.
- 02/04/2022
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MGM Resorts (MGM) Reports Next Week: Wall Street Expects Earnings Growth
- MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/02/2022
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Top Sports Betting Stocks for Q1 2022
- These are the sports betting stocks with the best value, fastest growth, and most momentum for Q1 2022.
- 01/31/2022
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MGM Resorts International: Why Buying The Stock Is Not Gambling Your Money Away
- MGM Resorts International has already recuperated from its pre-pandemic price, rising to its current $40.62 per share from $31.39 on February 17, 2020. MGM and its competitors were negatively affected by the Covid-19 pandemic in their physical properties.
- 01/30/2022
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Place Your Bets on These 3 Online Sports Betting Stocks
- Online sports betting stocks made over $4 billion last year. The market is set for exponential growth as more states legalize sports betting.
- 01/26/2022
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MGM Resorts Vs. Wynn Resorts Stock: Which Is The Better Buy?
- MGM Resorts Vs. Wynn Resorts Stock: Which Is The Better Buy?
- 01/25/2022
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MGM Gaining Ground On DraftKings, FanDuel In Online Sports Betting; Sector Reports Weak December Numbers
- Online gaming stocks have taken a big hit in recent months, and Bank of America analyst Shaun Kelley said Monday that the U.S. online sports betting market had a surprisingly weak month in December. Kelley said December online sports betting (OSB) gross gaming revenue (GGR) came in at an annual run rate of just $180 million, down 45% month-over-month.
- 01/24/2022
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Super Group: Wait For A Super Discount
- Super Group: Wait For A Super Discount
- 01/20/2022
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An Overlooked Opportunity in the Betting Market
- The U.K. has one of the most developed and active gambling markets in the world. The market has developed and grown over many decades, and several world-leading companies have emerged in the process.
- 01/20/2022
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MGM Resorts' (MGM) BetMGM Announces Business Update
- MGM Resorts (MGM)and Entain Plc's joint venture, BetMGM, expects net revenues from operations to be more than $1.3 billion in 2022.
- 01/20/2022
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Stocks Jump, Dow Rises After Four Days of Declines
- Financial news digest for Jan. 20 with stock, bond, cryptocurrency, and markets news. Breaking news on companies, earnings, and interest rates.
- 01/20/2022
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7 Entertainment Stocks You'll Want on Your Shortlist
- These entertainment stocks are set to deliver growth in 2022 and beyond as consumers unleash pent up demand. The post 7 Entertainment Stocks You'll Want on Your Shortlist appeared first on InvestorPlace.
- 01/20/2022
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MGM Resorts (MGM) BetMGM Boosts Online Offerings in New York
- MGM Resorts' (MGM) BetMGM continues to strengthen its sports betting presence. The company receives approval for online operations from the New York Gaming Commission.
- 01/17/2022
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Why Macao's Casino Stocks Jumped on Friday
- New licensing rules may not be as harmful as feared for casino operators.
- 01/14/2022
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Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Today
- Casino stocks are rising on Friday following an update on regulations in Macau from the Chinese government concerning licenses. The post Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Today appeared first on InvestorPlace.
- 01/14/2022
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Why Travel and Entertainment Stocks Dropped on Monday
- Omicron is pulling these stocks down today.
- 01/10/2022
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Speculating On MGM Resorts? This Stock Could Provide Better Gains
- The shares of MGM Resorts have gained $6.5 billion in market capitalization over February 2020 levels assisted by its sports betting application BetMGM and a possibility of a favorable regulatory outcome in Macau. The shares of Penn National Gaming have gained $2.1 billion in market capitalization.
- 01/10/2022
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7 Entertainment Stocks to Buy as Americans Push for a Full Reopening
- With the Covid-19 crisis likely to fade at some point, risk-tolerant investors may consider entertainment stocks to buy. The post 7 Entertainment Stocks to Buy as Americans Push for a Full Reopening appeared first on InvestorPlace.
- 01/07/2022
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MGM Resorts (MGM) Reimagines Loyalty Program, Boosts Offerings
- MGM Resorts (MGM) reimagines its loyalty rewards program, thereby unlocking earning and redemption options for both gaming and non-gaming guests alike.
- 01/07/2022
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MGM: The Case For A Renewed Offer For Entain Never Made More Sense For Investors
- MGM's future by its own stated goals is to be "asset light." A strong digital future already is in progress.
- 01/05/2022
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Here's Why Investors Should Retain MGM Resorts (MGM) Stock
- MGM Resorts (MGM) banks on sports-betting expansion to drive growth. However, a sequential decline in gross gaming revenues in Macau is a concern.
- 12/30/2021
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As The Gaming Industry Taps Digital Growth, Are These Casino Stocks Worth Gambling On?
- A bumpy, but accelerating, economic recovery has led to uneven support for casino stocks as more Americans return to concerts, sporting events, and other in-person activities. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.
- 12/29/2021
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MGM Resorts: Sentiment Will Turn Highly Positive With All Cylinders Firing By Q2 2022
- MGM's Las Vegas fortress will resume recovery as Omicron variant begins to wane late this winter. The company's regional properties are already ramping recovery. Macau exposure relatively low to peers, but it too is ready to re-fire recovery.
- 12/24/2021
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Casino stocks surge on a key report out of gambling mecca Macao
- CNBC's Contessa Brewer reports on the surge in casino stocks after a Macao consultation. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Steve Grasso and Bonawyn Eison.
- 12/23/2021
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Final Trades: PayPal, MGM Resorts, Match Group & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 12/22/2021
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MGM Resorts (MGM) BetMGM Launches Sports Betting in Washington
- MGM Resorts' (MGM) BetMGM and Emerald Queen Casino (EQC) announce that sports betting is now live in Washington at the BetMGM Sportsbook EQC.
- 12/22/2021
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Why Travel and Entertainment Stocks Bounced Higher on Tuesday
- The market is bullish on travel and entertainment despite the rise of omicron.
- 12/21/2021
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3 Top Casino Stocks That Could Make a Comeback in 2022
- Investors may want to start rolling the dice on these battered casino stocks again, as the industry begins to show strong signs of life. The post 3 Top Casino Stocks That Could Make a Comeback in 2022 appeared first on InvestorPlace.
- 12/20/2021
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For Travel Stocks, the Flight Has Been Delayed—Again
- Travel and leisure stocks, pounded by fears of Covid-19 for nearly two years, may not fare much better in the first part of 2022.
- 12/17/2021
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MGM Resorts' (MGM) BetMGM Unveils Borgata Bingo in New Jersey
- MGM Resorts' (MGM) BetMGM launches Borgata Bingo online in New Jersey. BetMGM is a major casino operator in New Jersey.
- 12/16/2021
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MGM Resorts (MGM) Selling The Mirage Hotel & Casino To Hard Rock For $1.075 Billion
- MGM Resorts International (NYSE: MGM) recently announced an agreement to sell the operations of The Mirage Hotel & Casino to Hard Rock for $1.075 billion. These are the details.
- 12/14/2021
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MGM Resorts (MGM) to Sell Mirage Hotel & Casino to Hard Rock
- MGM Resorts (MGM) to sell the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion in cash.
- 12/14/2021
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MGM Resorts To Sell The Mirage Hotel & Casino To Hard Rock For $1.07B
- MGM Resorts International (NYSE: MGM) has reached an agreement to sell the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion in cash. The Mirage, acquired by MGM Resorts in 2000, is located at the heart of the Las Vegas Strip.
- 12/14/2021
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MGM Resorts Sells Mirage Hotel to Hard Rock for $1.08 Billion
- MGM Resorts says it expects to net $815 million after taxes and fees from the sale, which is expected to close in the second half of 2022.
- 12/14/2021
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MGM is selling operations of The Mirage to Hard Rock for more than $1 billion
- MGM Resorts International announced Monday that it's selling the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion.
- 12/14/2021
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MGM Resorts Selling The Mirage In Las Vegas For $1.08 Billion
- A volcanic change is coming to the Strip. MGM Resorts International said Monday that it will sell the operations of the Mirage hotel and casino in Las Vegas — home of the 90-foot erupting volcano — to Hard Rock International for roughly $1.08 billion. The all-cash deal is expected to close later next year. MGM Resorts...
- 12/13/2021
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MGM Resorts to sell Mirage hotel and casino for $1.08 billion to Hard Rock
- (Reuters) -MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash.
- 12/13/2021
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What's Driving The Sell-Off In Online Gaming Stocks?
- Shares of online gambling stocks have tanked in the past two months, and Bank of America analyst Shaun Kelley recently took a closer look at the group to try to determine what has gone wrong in the digital gambling market. MGM Resorts International (NYSE:MGM), Draftkings Inc (NYSE:DKNG) and Flutter Entertainment PLC (OTC:PDYPF) are the three national market share leaders in iGaming, according to Bank of America.
- 12/06/2021
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Why Travel and Leisure Stocks Jumped on Thursday
- Fear of the omicron variant isn't as high as it was just a few days ago.
- 12/02/2021
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Why MGM Resorts Stock Looks Fairly Priced
- With prominent sports betting applications including BetMGM, FanDuel, Barstool, and Draft Kings targeting a 15-20% share of the U.S. sports betting and iGaming market, high competitive rivalry is likely to trim industry margins. Thus, the shares of MGM Resorts (NYSE: MGM), Flutter Entertainment.
- 12/02/2021
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Why MGM Resorts Stock Jumped 5.7% Today
- A hot market today has helped MGM Resorts stock move higher.
- 12/01/2021
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Why American Eagle Outfitters, Groupon, and MGM Resorts International All Fell Sharply Today
- Investors are worried about the spread of a new coronavirus variant, and this trio of stocks could be particularly hard hit if it's bad.
- 11/30/2021
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Take chips off the table? Macao casino stocks take a hit
- CNBC's Contessa Brewer on why Macao casino stocks were hit. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso.
- 11/29/2021
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Casino stocks are looking like a big gamble
- So much for the house always winning. Casino stocks have had a brutal year.
- 11/29/2021
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Casino Stocks: The Macau Arrest News That Has MGM, WYNN, LVS and MLCO on Red Today
- Casino stocks are on falling on Monday thanks to recent news of an arrest in Macau connected to the industry and we've got the details. The post Casino Stocks: The Macau Arrest News That Has MGM, WYNN, LVS and MLCO on Red Today appeared first on InvestorPlace.
- 11/29/2021
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Taking A Look At The iGaming Industry
- In 2018 PASPA was declared unconstitutional and this opened the door for legalizing sports betting. The iGaming industry is expected to grow at a CAGR of 17.3% up until 2026.
- 11/28/2021
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Airline, Cruise, Resort Stocks Tank Big On Covid-19 Variant News
- Omicron is the name of the new Covid-19 variant identified by the World Health Organization and new travel restrictions are already going into effect.
- 11/26/2021
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Why AMC and Entertainment Stocks Are Down Big Today
- Entertainment companies are impacted heavily by COVID-19, and the market is reacting to variant news quickly today.
- 11/26/2021
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3 Stocks Beating the S&P 500
- Shareholders of Raymond James Financial Inc ( RJF , Financial), Caesars Entertainment Inc ( CZR , Financial) and MGM Resorts International ( MGM , Financial) saw the value of their shares increase significantly in recent years, outperforming the S&P 500 Index. The benchmark index for the U.S. market stands at 4,690.70 as of Nov. 23, having grown 31% over the past year and 78% over the past three years through Nov. 23.
- 11/24/2021
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Casino stocks cash in on major changes in Macau
- CNBC's Contessa Brewer on LVS and Wynn shares soaring over Macau News. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Brian Kelly.
- 11/22/2021
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7 Stocks to Buy as America Lifts Its Travel Ban
- With the Biden administration making the move to open U.S. land borders with Canada and Mexico, these stocks to buy can get a boost. The post 7 Stocks to Buy as America Lifts Its Travel Ban appeared first on InvestorPlace.
- 11/19/2021
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Las Vegas Is a Better Bet as Macao Gambling Revenue Tumbles
- Heavy-handed restrictions continue to weigh on casinos in China while their U.S. counterparts enjoy expanding freedom.
- 11/13/2021
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Volatile Week Ends in Benchmarks Snapping Win Streak
- The week started off strong, with the major benchmarks extending their series of record closing highs into Monday, with help from the long-awaited passage of the $1 trillion infrastructure bill.
- 11/12/2021
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Casino Stock's Tumble From Peak Could Be Short-Lived
- The shares of MGM Resorts International (NYSE: MGM) have been falling from their recent Nov. 8, 13-year peak of $51.17.
- 11/11/2021
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Why 1 Investor Is Watching This Gambling SPAC Very Closely
- This company will be going head-to-head with much larger players.
- 11/11/2021
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From Penn National To MGM Resorts, Casino Analyst Highlights Winners And Losers From Q3
- Earnings season has been extremely volatile for some of the top U.S. gaming stocks. Bank of America analyst Shaun Kelley recapped what investors need to know about the top U.S. casino, online sports betting and iGaming stocks.
- 11/08/2021
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Travel industry prepare for boom as US lifts travel restrictions
- As the U.S. eases international travel restrictions for 33 countries, Yahoo Finance's Emily McCormick, Brian Sozzi, and Julie Hyman discuss how hotels, airlines, ride-sharing companies, and retail can benefit from the pent-up demand. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 11/08/2021
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MGM Resorts Continues to Make All the Right Moves
- MGM Resorts is outperforming the competition everywhere right now.
- 11/06/2021
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Are Investors Too Optimistic On MGM Resorts Stock?
- The hospitality industry including integrated resorts such as MGM Resorts (NYSE: MGM) and Las Vegas Sands (NYSE: LVS), curtailed operational expenses to preserve cash and limit long-term debt.
- 11/04/2021
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MGM is selling Mirage casino: 'We have enough of Las Vegas'
- MGM Resorts is putting the Mirage resort and casino in Las Vegas up sale, ending a 21-year ownership of one of the strip's most famous properties.
- 11/04/2021
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MGM Resorts International (MGM) CEO Bill Hornbuckle on Q3 2021 Results - Earnings Call Transcript
- MGM Resorts International (MGM) CEO Bill Hornbuckle on Q3 2021 Results - Earnings Call Transcript
- 11/03/2021
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MGM Resorts (MGM) Q3 Earnings and Revenues Surpass Estimates
- MGM (MGM) delivered earnings and revenue surprises of 175.00% and 12.22%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/03/2021
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Earnings Previews: Albemarle, Fisker, MGM Resorts, Qualcomm, Skillz
- More than 1,500 companies are expected to report quarterly earnings this week. Of two in our watch list for Monday afternoon, one (Diamondback Energy) beat on both revenue and profits, while the other (NXP Semiconductors) missed on profits.
- 11/02/2021
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MGM Earnings: What to Look For
- MGM Resorts (MGM) reports Q3 earnings after market close on Nov. 3. Can it finally make a profit as revenue and hotel occupancy rebound?
- 11/02/2021
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Analyst Raises TAM For Online Sports Betting, Highlights A Few Big Winners
- September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An analyst took a look at how the top states are doing in sports betting and how the big three are controlling the market.
- 10/20/2021
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MGM Resorts Continues to Play a Hot Hand
- There's a lot to like about MGM Resorts stock right now.
- 10/17/2021
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I'm more of a stock timer than a market timer, Mark Minervini says
- Mark Minervini, Minervini Private Access trader and founder, joins 'Power Lunch' to explain his investment strategy and what he's looking at now.
- 10/15/2021
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MGM Stock: $68 Price Target From Credit Suisse
- The shares of MGM Resorts International (NYSE: MGM) have received a $68 price target from Credit Suisse. These are the details.
- 10/14/2021
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Dolby, MGM Resorts Launch 'Dolby Live' At Park MGM
- Dolby Laboratories Inc (NYSE: DLB) and MGM Resorts International (NYSE: MGM) announced the launch of Dolby Live at Park MGM. Dolby Live, formerly known as Park Theater, is a fully integrated performance venue that will offer live concerts in Dolby Atmos.
- 10/14/2021
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Evolution Gaming: Online Casinos Evolutionized
- Evolution Gaming: Online Casinos Evolutionized
- 10/13/2021
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Credit Suisse more than doubles its price target on MGM Resorts
- Shares of MGM Resorts International (NYSE: MGM) jumped nearly 10% on Tuesday after Credit Suisse upgraded the casino stock despite an over 40% increase year-to-date. In a note this morning, analyst Benjamin Chalken rated MGM Resorts at “outperform” with a price target of $68 per share that represents a 40% upside from here.
- 10/12/2021
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Credit Suisse Upgrades MGM Resorts After These 4 Transactions
- The market does not seem to be giving enough credit to MGM Resorts International's (NYSE:MGM) transformation and the company's recent announcements, according to Credit Suisse. The MGM Resorts Analyst: Benjamin Chaiken upgraded MGM Resorts International from Neutral to Outperform and raised the price target from $33 to $68.
- 10/12/2021
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Credit Suisse says buy MGM
- The "Halftime Report" traders debate Credit Suisse's bullish call on MGM
- 10/12/2021
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Why MGM Resorts Stock Is Up Today
- One Wall Street analyst is bullish on the company's recent moves.
- 10/12/2021
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Credit Suisse Bumps Up MGM Resorts Price Target By 106%
- Credit Suisse analyst Benjamin Chaiken upgraded MGM Resorts International (NYSE:MGM) to Outperform from Neutral and hiked the price target to $68 from $33, suggesting a 52.77% upside. The company has "gone through a transformation," recently announcing four transactions that the market is not giving it full credit for, Chaiken notes.
- 10/12/2021
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MGM, Caesars Gaining US Online Sports Betting Market Share
- Bank of America just reported its latest U.S. online sports betting (OSB) app download numbers for the month of September, and the data suggests MGM Resorts International (NYSE:MGM) and Caesars Entertainment Inc (NYSE:CZR) are making big strides in gaining market share in the high-growth business. Bank of America reported 1.8 million OSB app downloads in the month of September, up 198% from a year ago.
- 10/11/2021
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Do Odds Still Favor MGM Resorts Stock?
- The uncertain regulatory environment in Macau, prolonged weakness in the travel industry, and Las Vegas Sands' move to divest its U.S. business has led to a 50% decline in its stock. Instead, the shares of MGM Resorts are trading 40% above pre-Covid levels primarily assisted by its foray into.
- 10/11/2021
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MGM, Oracle, Open Door — Pete Najarian's latest call buys
- "Halftime Report" trader Pete Najarian spots unusual activity in the options market.
- 10/08/2021
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As Vegas Comes Roaring Back, Casinos Look Bullish
- The Nevada Gaming Commission report includes some important news for MGM Resorts and casino investors.
- 10/07/2021
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How MGM Resorts Makes Money: Las Vegas Properties Are Most Profitable
- MGM Resorts, which is gradually recovering from the pandemic's impact, generates most revenue and profit from its casino resorts on the Las Vegas Strip.
- 10/05/2021
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MGM CEO Bill Hornbuckle on DraftKings' bid for Entain
- CNBC's Contessa Brewer sits down with MGM Resorts CEO Bill Hornbuckle at the Global Gaming Expo in Las Vegas to discuss the company's operations in China, gaming M&A and more.
- 10/05/2021
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7 Sin Stocks to Buy as the World Goes to Hell in a Handbasket
- Sin stocks are considered defensive and tend to remain more stable under tough economic conditions. Here are the top ones to watch in 2021.
- 10/04/2021
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This 1 Consumer Discretionary Stock Could Beat Earnings: Why It Should Be on Your Radar
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 10/04/2021
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Puyallup Tribe of Indians and BetMGM Establish Partnership to Operate Sports Betting at Emerald Queen Casino in Washington
- TACOMA, Wash., Oct. 4, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an exclusive market access partnership with the Puyallup Tribe of Indians to operate retail sports betting at the Emerald Queen Casino (EQC) in Washington state.
- 10/04/2021
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MGM Resorts International Stock Brushes Off Downgrade
- The shares of MGM Resorts International (NYSE:MGM) are up 2.9% at $44.37 this morning, brushing off a downgrade from Susquehanna to "negative" from "neutral.
- 10/01/2021
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MGM Resorts International Announces Third Quarter 2021 Earnings Release Date
- LAS VEGAS, Oct. 1, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the third quarter 2021 after the market closes on Wednesday, November 3, 2021. MGM Resorts will host a conference call that day at 5:00 p.m.
- 10/01/2021
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MGM Resorts Is Making Moves on the Las Vegas Strip
- Another big acquisition gives MGM Resorts control of a large portion of the Las Vegas Strip.
- 10/01/2021
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MGM Gets Closer To Japan Casino: What Investors Should Know
- The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. For the past several years, MGM Resorts International (NYSE: MGM) has been among the companies pushing to land a highly coveted position in the Japanese casino market.
- 09/29/2021
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MGM Resorts International Closes Purchase Of Infinity World's 50% Interest In CityCenter And Completes Sale-Leaseback Transaction Of CityCenter Real Estate Assets With Blackstone
- LAS VEGAS, Sept. 28, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts" or the "Company") (NYSE: MGM) today announced the closing of the previously announced purchase of Infinity World Development Corp's ("Infinity World") 50 percent interest in CityCenter Holdings, LLC for $2.125 billion.
- 09/28/2021
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MGM Resorts To Be Osaka's Integrated Resort Partner
- MGM Resorts International (NYSE: MGM) has announced that MGM Japan, with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner. The proposed resort development plan is expected to cost about $10 billion.
- 09/28/2021
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As MGM Resorts nears Osaka resort approval, should you buy MGM shares now?
- On Tuesday MGM Resorts International (NYSE:MGM) shares edged slightly higher after reports emerged suggesting the company had moved closer to receiving approval for the Osaka resorts deal. The reports followed Monday's announcement that the company had agreed to purchase Cosmopolitan casino and hotel business from Blackstone Inc. (NYSE:BX) for $1.6 billion.
- 09/28/2021
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MGM Resorts (MGM) to Acquire The Cosmopolitan of Las Vegas
- MGM Resorts (MGM) anticipates significant synergies and strategic value addition from the acquisition of The Cosmopolitan of Las Vegas.
- 09/28/2021
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MGM Resorts Selected By Osaka As Integrated Resort Partner
- LAS VEGAS, Sept. 28, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today announced that MGM Japan, together with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner.
- 09/28/2021
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Blackstone to make its most profitable property deal ever
- Blackstone Inc. (NYSE: BX) has told investors that it has agreed on the Cosmopolitan casino and hotel sale for $5.65 billion. The asset sale located on the Las Vegas Strip is Blackstone's most profitable sale for a single asset in its history.
- 09/27/2021
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MGM Resorts To Acquire Operations Of The Cosmopolitan Of Las Vegas For $1.6B
- MGM Resorts International (NYSE: MGM) has signed an agreement with Blackstone Inc (NYSE: BX) to acquire the operations of The Cosmopolitan of Las Vegas for cash consideration of $1.625 billion, subject to customary working capital adjustments. The Cosmopolitan is a luxury resort and casino on the Las Vegas Strip.
- 09/27/2021
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MGM Resorts International Announces Transaction to Acquire the Operations of The Cosmopolitan of Las Vegas
- LAS VEGAS, Sept. 27, 2021 /PRNewswire/ -- MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) today announced that the Company has entered into a definitive agreement with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion, subject to customary working capital adjustments.
- 09/27/2021
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MGM Resorts: Overcoming Challenges In Segments, The Stock Is Ready To Break Out Above $60
- MGM's Vegas segment is poised to ramp beyond the $1b in 2Q'21 reported as we enter the early phase of Delta variant easing. Macau stocks hammered on worrisome regulatory news that on balance is not as threatening as it may seem.
- 09/26/2021
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MMA Personality Ariel Helwani Named BetMGM Brand Ambassador
- JERSEY CITY, N.J., Sept. 24, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, announced today the signing of mixed martial arts (MMA) journalist Ariel Helwani as a brand ambassador.
- 09/24/2021
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MGM Resorts & BetMGM Named Official Partners Of American Gaming Association's Have A Game Plan® Mission
- LAS VEGAS, Sept. 23, 2021 /PRNewswire/ -- MGM Resorts International and BetMGM, the joint venture between MGM Resorts and Entain, are proud to join the American Gaming Association (AGA) as official partners of its Have A Game Plan ® mission.
- 09/23/2021
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Why MGM Resorts Stock Jumped 6.7% Today
- DraftKings has upped its offer for Entain, putting MGM Resorts in a power position during negotiations.
- 09/22/2021
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These 2 Wednesday Winners Are Worth a Closer Look
- The stock market is climbing, and these companies are standing out.
- 09/22/2021
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China Just Blew Up the Casino Market in New Regulatory Crackdown
- Sweeping changes could be coming to Macao integrated resorts.
- 09/22/2021
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7 Stocks to Buy Following Vaccine Victories
- The vaccines working against Covid-19 have created a big rebound in a number of industries. Amid them, let's look at some stocks to buy.
- 09/21/2021
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MGM Resorts International Statement Regarding DraftKings' Possible Offer For Entain
- LAS VEGAS, Sept. 21, 2021 /PRNewswire/ -- MGM Resorts International ("MGM") is aware of DraftKings Inc.'s ("DraftKings") possible offer for Entain plc ("Entain").
- 09/21/2021
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Macau casino and junket operators seek clarity over new gambling laws
- Senior Macau casino and junket executives met with authorities in the world's biggest gambling hub on Monday seeking details on proposed regulatory changes but received little in the way of clarity.
- 09/21/2021
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Macao Nightmare: What We Know About the Future of Gambling There
- Macao's government could potentially change the rules of the gambling business next year, and it has investors on edge.
- 09/20/2021
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Is MGM Resorts Stock A Good Casino Industry Pick?
- The shares of MGM Resorts have gained 2.4% in the past month as opposed to a decline observed by the peers' Las Vegas Sands and Wynn Resorts. The broader casino industry turned bearish in recent weeks after Macau's gaming regulator indicated increased regulatory oversight in its five-year.
- 09/20/2021
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Analysts Upgraded Bank Of America, MGM, DoorDash And Cisco This Week
- Analyst ratings measure the expected performance of a stock during a given time period. Traders and investors should know analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.
- 09/18/2021
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The Ratings Game: Casino stocks extend selloff as J.P. Morgan adds downgrades to Macau uncertainty
- Shares of casino operators extended recent sharp selloffs on Thursday, as J.P. Morgan analyst Joseph Greff added some downgrades to the injury of tighter Macau regulations.
- 09/16/2021
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Why Macao Casinos Are Tumbling for a Second Straight Day
- The risk of doing business in China has increased immeasurably.
- 09/15/2021
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Why MGM Is The Top Casino Pick For Wells Fargo
- Casino stocks have taken a big hit this week on fears about regulatory crackdowns in the Macau, China market. However, one Wall Street analyst said now is a great time to step in and selectively buy the dip in gambling stocks with limited exposure to China.
- 09/15/2021
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Wells Fargo bets on gaming stocks
- The "Halftime Report" traders debate the biggest analyst call of the day.
- 09/15/2021
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Casino Stocks Fall as China Mulls Tougher Macau Casino Rules
- Stocks like MGM, MLCO, WYNN and LVS are likely to be hurt by tougher Macau casinos rules.
- 09/15/2021
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Casino stocks slide for a 2nd day as China enclave of Macau launches review of gambling industry
- The Macau gambling review will include rules about licenses and a proposal for direct government supervision of casinos.
- 09/15/2021
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Macao opens 45-day review for its casino industry
- CNBC's Eunice Yoon reports on potential regulation for Macao casinos, which sent some stocks plunging.
- 09/15/2021
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Why Macao's Casino Stocks Got Crushed Today
- Macao is considering more regulations, and initial rules being considered could severely limit the upside for casino stocks.
- 09/14/2021
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Casino Stocks: Why WYNN, LVS, MLCO and MGM Are Taking a Hit Today
- Casino stocks are taking a beating on Tuesday and it has to do with negative news out of China concerning the coronavirus. The post Casino Stocks: Why WYNN, LVS, MLCO and MGM Are Taking a Hit Today appeared first on InvestorPlace.
- 09/14/2021
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MGM Resorts' (MGM) BetMGM Collaborates With Everi Holdings
- MGM Resorts' (MGM) BetMGM, in collaboration with Everi Digital, unveils custom-themed game Borgata 777 Respin.
- 09/14/2021
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MGM Resorts International (MGM) CEO Bill Hornbuckle Presents at JPMorgan Gaming, Lodging, Restaurant & Leisure Management Access Forum (Transcript)
- MGM Resorts International (MGM) CEO Bill Hornbuckle Presents at JPMorgan Gaming, Lodging, Restaurant & Leisure Management Access Forum (Transcript)
- 09/13/2021
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Casino Stock Upgraded on Gaming, Sports Betting Presence
- The shares of MGM Resorts International (NYSE:MGM) are up 1.4% to trade at $42.87 this morning, after the casino giant earned an upgrade from Bernstein to "outperform" from "market perform," as well as a price-target hike to $58.90 from $29.60.
- 09/13/2021
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MGM Resorts International CEO and President to Speak at J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum
- LAS VEGAS, Sept. 9, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will participate in the J.P.
- 09/09/2021
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Which sports stocks are worth betting?
- David Katz, Jeffries' managing director, joins The Exchange to discuss sports betting ahead of the NFL season kick off on Thursday. He tells Kelly Evans about which sport betting companies are worth investing in and which to skip this season.
- 09/07/2021
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BetMGM Partners with TAPPP to Release Retail Gift Cards Across the U.S.
- NEW YORK, Sept. 7, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming operator, announced today a partnership with TAPPP, a leader in flexible payment options, to make BetMGM gift cards available at major convenience and grocery retail chains in select U.S. states offering legal sports betting.
- 09/07/2021
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Sports betting set to surge ahead of Thursday's NFL kickoff
- CNBC's Contessa Brewer reports on why sports betting is about to surge with the start of the football season.
- 09/07/2021
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3 Stocks to Watch as the Football Mania Grips Americans
- Companies with exposure to sports betting business may emerge as good investment options to hold onto as football season kicks in.
- 09/03/2021
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Las Vegas Is Booming: 3 Stocks to Buy to Profit From the Trend
- The city is reporting record gambling results well before the pandemic truly ends.
- 09/03/2021
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MGM Resorts' (MGM) BetMGM Boosts Online Offerings in Wyoming
- MGM Resorts' (MGM) BetMGM launches its digital sports betting platform in Wyoming. With this, the company expands BetMGM's mobile and online product offerings to 14 states.
- 09/02/2021
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Casino del Mar at La Concha Resort Announces Puerto Rico Market Access Agreement with BetMGM
- SAN JUAN, Puerto Rico, Sept. 2, 2021 /PRNewswire/ -- Casino del Mar at La Concha Resort and BetMGM, a leading sports betting and iGaming company, announced today that they have agreed to a strategic partnership.
- 09/02/2021
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BetMGM Launches Mobile Sports Betting in Wyoming
- JERSEY CITY, N.J., Sept. 1, 2021 /PRNewswire/ -- BetMGM announced today the launch of its industry-leading digital sports betting platform in Wyoming.
- 09/01/2021
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10 Sports Betting Stocks to Buy Just in Time for Football Season
- So, as its prime time once again for sportsbooks, and as the overall igaming trend continues, which sports betting stocks may be of interest? These 10 appear to be top ones to buy.
- 08/31/2021
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Here's My Top Stock to Buy in September
- MGM Resorts benefits from easy comps and massive long-term growth drivers.
- 08/31/2021
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Bill Nygren's Top 5 Trades of the 2nd Quarter
- Oakmark Fund manager Bill Nygren (Trades, Portfolio) disclosed his second-quarter portfolio earlier this week.
- 08/30/2021
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Why Casino Stocks Have Jumped This Week
- Macao, online gambling, and QE were all working in favor of casino stocks this week.
- 08/27/2021
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4 Stocks Insiders Are Selling
- When insiders sell shares, it indicates their concern in the company's prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock.
- 08/26/2021
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Has MGM Resorts International (MGM) Outpaced Other Consumer Discretionary Stocks This Year?
- Is (MGM) Outperforming Other Consumer Discretionary Stocks This Year?
- 08/25/2021
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3 Casino Stocks to Roll the Dice On
- Casino stocks are trying to form a bottom here, as Covid fears falter. These are my favorite trades in the industry right now.
- 08/25/2021
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Why U.S. Casinos Are Beating Macao Casinos Right Now
- Macao's casinos are still struggling and may have a long road to recovery.
- 08/21/2021
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MGM Resorts' (MGM) BetMGM Inks Partnership With Liv Hospitality
- MGM Resorts' (MGM) BetMGM continues to focus on increasing its market share with new partnerships.
- 08/20/2021
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BetMGM Partners with Liv Hospitality to Bring Sports Betting to South Dakota
- DEADWOOD, S.D., Aug. 19, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today announced an exclusive partnership with Liv Hospitality's Tin Lizzie Gaming Resort and Cadillac Jack's Gaming Resort, offering future retail and mobile sports betting in Deadwood.
- 08/19/2021
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Why Carnival Corporation, Norwegian Cruise, and MGM Resorts Stocks Dropped Today
- The delta variant of the coronavirus has at least one travel and leisure CEO concerned.
- 08/17/2021
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MGM Resorts (MGM) Benefits From Pent-Up Consumer Demand
- MGM Resorts (MGM) is gaining from pent-up consumer demand, high domestic casino spend and robust demand for sports betting.
- 08/13/2021
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MGM Resorts' (MGM) BetMGM Forays Into Arizona With New Partnerships
- MGM Resorts' (MGM) BetMGM announces partnerships with Gila River Hotels & Casinos and the Arizona Cardinals.
- 08/10/2021
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MGM Q2 2021 Earnings Report Recap
- MGM Resorts' (MGM) Q2 loss was smaller than analysts estimated as revenue beat expectations. Room occupancy rates also surpassed expectations.
- 08/06/2021
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MGM Growth Properties LLC (MGP) CEO James Stewart on Q2 2021 Results - Earnings Call Transcript
- MGM Growth Properties LLC (MGP) CEO James Stewart on Q2 2021 Results - Earnings Call Transcript
- 08/06/2021
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Why MGM Resorts Is Rising Today
- The odds have been in the casino operator's favor for some time.
- 08/05/2021
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What's Up With MGM Resorts Shares Soaring Higher Thursday?
- MGM Resorts International (NYSE:MGM) shares are trading higher by 7% at $39.93 after the company reported better-than-expected second-quarter EPS and sales results. MGM reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of a loss of 44 cents per share.
- 08/05/2021
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Company Of The Day: MGM Resorts International
- MGM Resorts International (NYSE:MGM) posted a better than expected set of Q2 2021 results, with revenue growing by 683% year-over-year to $2.27 billion and adjusted loss per share standing at $0.13, compared to a loss of $1.52 per share in Q2 2020.
- 08/05/2021
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Charts Indicate Casino Stocks May Be Worth a Gamble
- Here's why it's worth taking a bet on casino stocks. Watch these important chart levels for high-probability entry points.
- 08/05/2021
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MGM Resorts International (MGM) CEO Bill Hornbuckle on Q2 2021 Results - Earnings Call Transcript
- MGM Resorts International (MGM) CEO Bill Hornbuckle on Q2 2021 Results - Earnings Call Transcript
- 08/04/2021
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MGM Resorts (MGM) Reports Q2 Loss, Tops Revenue Estimates
- MGM (MGM) delivered earnings and revenue surprises of 63.89% and 4.90%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/04/2021
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MGM China Reports 2021 First Half Results
- HONG KONG, Aug. 4, 2021 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced selected unaudited financial data of the Company and its subsidiaries (the "Group") for the second quarter and the first half of 2021. Macau continued to see a choppy business environment during the period under the COVID-19 pandemic.
- 08/04/2021
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Casino owner Vici Properties buys MGM Growth Properties for $17.2 billion
- Real estate investment trust Vici Properties agreed to buy MGM Growth Properties in a $17 billion deal that will boost its position on the Las Vegas Strip.
- 08/04/2021
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These 2 Wednesday Winners Prove the Value of Diversification
- Amid mixed markets, these two stocks focus on very different businesses.
- 08/04/2021
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Earnings Previews: Electronic Arts, MGM Resorts, Uber and More
- Earnings reports released Tuesday morning were again overwhelmingly positive, with the vast majority of companies reporting profits that beat consensus estimates.
- 08/03/2021
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MGM Earnings: What to Look For
- MGM Resorts (MGM) reports Q2 earnings after market close on August 4. Can MGM reverse the five-quarter trend of losses and plunging revenue?
- 08/03/2021
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Pandemic Blues Weighing On MGM Resorts Stock
- After surpassing pre-Covid levels in June, the shares of MGM Resorts have observed a slight correction due to continued weakness in Macau, resurgence of infections in the U.S., and a broader downtrend in sports betting stocks. The company's long-term focus is on expanding its presence in Asia and.
- 08/03/2021
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BetMGM Partners With Cheddar News To Launch New Show
- MGM Resorts International's (NYSE: MGM) sports betting company BetMGM has partnered with a digital-first news network, Cheddar News, to launch Cheddar Bets. Cheddar Bets is a weekly program offering an exploration of the intersection of sports betting and financial markets.
- 08/02/2021
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Will MGM Resorts (MGM) Surpass Estimates This Earnings Season?
- MGM Resorts' (MGM) second-quarter performance is likely to have benefited from improving visitation in the Las Vegas market, long-term prospects of Macau business and demand for online sports betting.
- 08/02/2021
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BetMGM Partners with Cheddar News to Launch Sports Betting Business Show
- JERSEY CITY, N.J., Aug. 2, 2021 /PRNewswire/ -- Leading sports betting operator BetMGM is partnering with digital-first news network Cheddar News to launch Cheddar Bets, a weekly program offering a first-of-its-kind exploration of the intersection of sports betting and financial markets.
- 08/02/2021
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MGM Resorts (MGM) Expected to Beat Earnings Estimates: Should You Buy?
- MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/28/2021
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Football Legend Marshawn Lynch Named BetMGM Brand Ambassador
- JERSEY CITY, N.J., July 28, 2021 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming company, announced today the signing of former National Football League (NFL) running back Marshawn Lynch as a brand ambassador.
- 07/28/2021
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Why I Bought This High-Growth Stock This Week
- Revenue growth over 200%? Sign me up.
- 07/23/2021
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MGM Resorts Is Betting Big on Las Vegas
- Asset sales in Las Vegas could increase MGM's risk for investors.
- 07/22/2021
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MGM resorts, Orix submit proposal to build first casino in Japan
- U.S. Casino operator MGM Resorts International and partner Orix Corp have submitted a proposal to build their first casino resort in Japan, the financial services group said on Wednesday.
- 07/21/2021
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Why MGM, Norwegian Cruise, and Royal Caribbean Stocks Bounced Back Today
- Investors got spooked yesterday, but they got brave again today for no obvious reason.
- 07/20/2021
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Why Travel and Entertainment Shares Plunged on Monday
- COVID-19 concerns are back again.
- 07/19/2021
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Did This Casino's Big Bet on Asia Just Go Bust?
- U.S. gambling markets are looking much more attractive at the moment.
- 07/12/2021
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MGM Resorts (MGM) Boosts Financial Strength With 2 New Deals
- MGM Resorts (MGM) is focused on its asset-light strategy as well as utilizing the proceeds from its real estate transactions to enhance financial flexibility and secure new growth opportunities.
- 07/02/2021
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Las Vegas' Biggest Acts Return To The Stage With MGM Resorts
- Cirque du Soleil, Bruno Mars, Dave Chappelle among the A-list entertainment reappearing on The Strip this July LAS VEGAS, July 2, 2021 /PRNewswire/ -- MGM Resorts International , a global leader in live entertainment and sports, is kick-starting Las Vegas' return to the Entertainment Capital of the World, bringing back the industry's biggest names this month with the likes of "O" by Cirque du Soleil, Bruno Mars, Dave Chappelle, Conor McGregor and others. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8917051-las-vegas-biggest-acts-return-stage-mgm-resorts/ Last night, one of the world's best-selling theatrical productions of all time - "O" by Cirque du Soleil, which has been enjoyed by more than 17 million people from around the globe - celebrated its first performance in 16 months at Bellagio in front of a sold-out crowd.
- 07/02/2021
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Here's Why Macau Gaming Revenues Declined in June
- Macau has witnessed month over month decline in casino Gross Gaming Revenues (GGR) in June.
- 07/02/2021
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MGM Resorts International Announces Second Quarter 2021 Earnings Release Date
- LAS VEGAS, July 1, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the second quarter 2021 after the market closes on August 4, 2021. MGM Resorts will host a conference call that day at 5:00 p.m.
- 07/01/2021
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MGM Resorts Doubles Down On Las Vegas Solar Power
- New solarfield will power 13 properties on the Strip.
- 06/29/2021
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Gaming Realms Launches Content In Michigan, U.S.A
- LONDON, UK / ACCESSWIRE / June 29, 2021 / Gaming Realms plc (AIM:GMR), the developer and licensor of mobile focused gaming content, is pleased to announce that, having received its provisional supplier license earlier this year, it has now launched its Slingo Originals content in Michigan, U.S.A. with BetMGM.
- 06/29/2021
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Las Vegas Strip Goes Solar: MGM Resorts Launches 100mw Solar Array, Delivering Up To 90% Of Daytime Power To 13 Las Vegas Resorts
- LAS VEGAS, June 28, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM), a global leader in the battle against climate change, today launched its 100-megawatt solar array, the hospitality industry's largest directly sourced renewable electricity project worldwide. The array's clean energy now produces up to 90% of MGM Resorts' Las Vegas daytime power needs, spanning 65 million square feet of buildings across 13 properties and more than 36,000 rooms on the Las Vegas Strip, including Bellagio, ARIA, Mandalay Bay, MGM Grand and The Mirage, among others.
- 06/28/2021
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Why MGM Resorts Stock Is Rolling This Week
- Vegas is back, and MGM has set its business up to be ready for it.
- 06/25/2021
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5 Resort and Casino Stocks Broadly Owned by Gurus
- In light of major resort and casino destination Las Vegas opening on Thursday a brand new megaresort on the Strip, five resort and casino stocks broadly owned by gurus as of the March-quarter filing are Las Vegas Sands Corp. ( LVS , Financial), MGM Resorts International ( MGM , Financial), Caesars Entertainment Inc. ( CZR , Financial), Red Rock Resorts Inc. ( RRR , Financial) and Wynn Resorts Ltd. ( WYNN , Financial) according to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus.
- 06/24/2021
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MGM: A Single Wallet Casino/Sports Betting Leader Still Presents An Attractive Entry Point Relative To Peers
- All five of the top single wallet operators are poised for a leap forward as the pandemic wanes. MGM's stock still has plenty of run room.
- 06/24/2021
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Morning Stock Movers: Clover, GameStop, MGM Resorts, Tesla
- Jun.24 -- Bloomberg's Taylor Riggs runs down the biggest moving stocks in today's pre-market trading.
- 06/24/2021
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My Top Stock to Buy Right Now
- MGM Resorts still offers outstanding value in the fast-growing sports betting opportunity.
- 06/24/2021
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MGM Resorts' (MGM) BetMGM Partners With Shift4 Payments
- MGM Resorts' (MGM) BetMGM to receive support of Shift4 Payments' processing technology for delivering a secure, integrated payment solution.
- 06/22/2021
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The Las Vegas Strip Is Back and May Be Better Than Ever
- The Las Vegas Strip could be in for a great year.
- 06/18/2021
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Downside Risk Remains In MGM Resorts Stock
- The shares of MGM's peers in the sports betting industry, Penn National Gaming and Draft Kings have trended downward due to high competitive rivalry.
- 06/17/2021
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Michigan Online Sports Betting: Big 3 Continue To Dominate, Barstool Sports Loses More Market Share
- The state of Michigan is considered key for the online sports betting market as the most populous state where operations have launched. The state has 12 online sports betting operators.
- 06/16/2021
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BetMGM's Adam Greenblatt Among Glassdoor's Top CEOs in 2021
- JERSEY CITY, N.J., June 16, 2021 /PRNewswire/ -- BetMGM, a Glassdoor-recognized Top Place to Work, is pleased to announce that its Chief Executive Officer, Adam Greenblatt, has been named one of the Top CEOs in 2021 in the U.S. Small and Medium Business (SMB) category on Glassdoor.
- 06/16/2021
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Coronavirus Boosts iGaming Prospects: 3 Stocks to Watch Out For
- The casino industry continues to show resilience on streamlining of business, marketing initiatives and renegotiation of third-party agreements. BYD, CNTY and MGM have surged in the past six months.
- 06/14/2021
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MGM Resorts' (MGM) BetMGM Partners With PFL, Boosts Presence
- MGM Resorts' (MGM) BetMGM continues to expand its presence. Given the positive momentum in markets, the company remains optimistic about its long-term growth.
- 06/10/2021
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Tilak Mandadi To Join MGM Resorts International As Chief Strategy, Innovation & Technology Officer
- LAS VEGAS, June 8, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) today announced that Tilak Mandadi will join the company July 6th in the newly created position of Chief Strategy, Innovation & Technology Officer. In this role, Mandadi will oversee MGM Resorts' digital strategy, driving growth and innovation through technology-led customer-centric experiences, products and services.
- 06/08/2021
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MGM Resorts International Management To Speak At Bernstein's 37th Annual Strategic Decisions Conference
- LAS VEGAS, June 2, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") management will participate in Bernstein's 37th Annual Strategic Decisions Conference on Thursday, June 3, 2021. MGM Resorts CEO and President Bill Hornbuckle will also speak at a session scheduled to begin at 11:00 a.m.
- 06/02/2021
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Wayne Gretzky Partners With BetMGM: Could It Help Gain Share In US And Canada?
- One of the greatest hockey players of all time is partnering with a sports betting company. What Happened: BetMGM, a joint venture from MGM Resorts International (NYSE: MGM) and Entain, announced the addition of Wayne Gretzky as a brand ambassador.
- 06/02/2021
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Cal-Maine Foods Inc And Fluor Corp Rated Top Shorts For Today
- As investors continue to weigh reopening optimism with inflation concerns, the Dow rose 70 points, the S&P 500 ticked up 0.15%, and the Nasdaq climbed 0.08%. Make the most of this market with today's Top Shorts from Q.ai's deep learning algorithms.
- 06/02/2021
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Macau Casino Hopes Brighten: Gaming Revenues Soar in May
- The Macau Gaming industry witnesses an increase in Gross Gaming Revenues in May for the fourth straight month.
- 06/02/2021
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What to watch in casino stocks amid the reopening
- CNBC's "Power Lunch" team discusses the return to casinos with David Katz of Jefferies.
- 06/01/2021
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Why Amazon's Purchase of MGM Will Do Little for Amazon Stock
- What benefits Prime members does not necessarily help investors.
- 06/01/2021
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MGM Resorts (MGM) Partners With NYRA Bets for Horse Wagering
- MGM Resorts' (MGM) BetMGM continues to expand in the online betting space. For horse wagering, the company has partnered with NYRA Bets.
- 05/31/2021
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The Next Chapter of the Streaming Wars: Media Merger Mania
- When the Walt Disney Co. ( DIS , Financial) launch Disney+ in November 2019, it marked a serious escalation of the so-called "Streaming Wars."
- 05/30/2021
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BetMGM Partnering with NYRA Bets on Horse Race Wagering
- JERSEY CITY, N.J., May 28, 2021 /PRNewswire/ -- BetMGM announced today a partnership with NYRA Bets, LLC (NYRA Bets), the official online wagering platform of the New York Racing Association, Inc. (NYRA) and a leading provider of horse racing content in the United States.
- 05/28/2021
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Amazon's Stock Continues to Flatline Despite the MGM Deal
- Amazon's shares have been flat in 2021. Does that, along with the MGM deal, make AMZN stock an underdog buy?
- 05/27/2021
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Here Are 2 Great Ways to Make an Investment in Online Betting Less Risky
- Sometimes a larger playing field is what it takes to score.
- 05/27/2021
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Netflix stock's premarket rise reverses in wake of Amazon-MGM news
- Netflix stock's premarket rise reverses in wake of Amazon-MGM news
- 05/26/2021
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Netflix stock price outlook as Amazon buys MGM
- The Netflix (NASDAQ: NFLX) stock price is up by more than 0.60% in premarket trading even as competition in the streaming space increases. The stock rose by more than 1% on Monday, bringing its total market cap to more than $222 billion.
- 05/25/2021
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Big bets on sports gambling today, as DraftKings surges
- Shares of DraftKings make their biggest move since March. With CNBC's Courtney Reagan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Nadine Terman.
- 05/24/2021
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Online Betting Prospects Bright: 3 Gaming Stock in Focus
- Gaming industry in 2021 and beyond is likely to benefit from robust demand for online betting.
- 05/24/2021
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Is Las Vegas Back? Time to Place Your Bets
- Gamblers are coming back, and if conventions return soon, it could be a boom time for gambling stocks.
- 05/22/2021
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American Humane Reunites Heroic Military K-9 with Handler in Las Vegas
- LAS VEGAS, May 21, 2021 /PRNewswire/ -- Retired Military Working Dog (MWD) Popeye completed his globe-spanning tour of duty Friday on the Las Vegas Strip, where he was reunited with his former handler, U.S. Army veteran and MGM Resorts employee Michael Steponovich. American Humane, the country's first national humane organization, helped bring these best friends together after months separated by thousands of miles.
- 05/21/2021
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MGM Resorts stock rallies after J.P. Morgan analyst turns bullish after recent pullback
- Shares of MGM Resorts International rallied 2.7% in afternoon trading Tuesday, after J.P. Morgan analyst Joseph Greff turned bullish on the casino operator, citing valuation and increasing momentum as its U.S. casinos.
- 05/18/2021
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MGM Resorts climbs on JPMorgan upgrade citing attractive valuations and Las Vegas reopening optimism (MGM)
- MGM Resorts shares climbed as much as 5% on Tuesday after JPMorgan outlined its newly bullish view on its shares, saying a price pullback and reinvigorated activity in Las Vegas warranted a ratings upgrade to overweight. The investment bank raised the rating from neutral and lifted its 2021 year-end price target to $47 from $45, which implies a more than 20% upside from Monday's close.
- 05/18/2021
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4 Reasons Why JPMorgan Upgraded MGM Resorts
- MGM Resorts International (NYSE: MGM) shares were trading higher Tuesday after the casino giant landed a high-profile Wall Street upgrade. The MGM Analyst: JPMorgan analyst Joseph Greff upgraded MGM fromNeutral to Overweight and raised the price target from $45 to $47.
- 05/18/2021
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3 Top Casino Stocks to Buy as 100% Capacity Comes Closer
- While many casino stocks bottomed out months ago, there are still plenty of bargains. Here are three investors should pay attention to.
- 05/13/2021
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MGM Resorts to Return to 100% Occupancy on Las Vegas Casino Floors
- It will remain at 80% elsewhere in its operations.
- 05/13/2021
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MGM Jumps as Vegas Gaming Floors Return to Full Capacity
- MGM Resorts International (NYSE:MGM) is an American global hospitality and entertainment company.
- 05/13/2021
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MGM Resorts gets OK to fully open 9 Las Vegas casinos
- Gambling giant MGM Resorts International on Wednesday joined a growing number of Las Vegas Strip casinos with state regulatory approval to open casino floors at 100 percent capacity and no person-to-person distancing requirement. The company said the Nevada Gaming Control Board granted its waiver for nine properties based on its workforce vaccination rate.
- 05/12/2021
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MGM Resorts' Las Vegas Strip gaming floors can return to 100% occupancy, no social distancing
- MGM Resorts International said Wednesday that it was approved by the Nevada Gaming Control Board to return to 100% occupancy and no social distancing on its gaming floors inside its properties on the Las Vegas Strip. The company said the waiver for its properties, which only applies to gaming floors, was granted given MGM's efforts to vaccinate its workforce.
- 05/12/2021
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4 Cyclical Stocks That Are Heating Up
- Here are four of the best cyclical stocks that are heating up and poised to rally much further. They are all worth buying at this point.
- 05/12/2021
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Why Online Gambling Stocks Are Falling Off a Cliff
- This industry has gone out of favor quickly.
- 05/09/2021
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MGM Resorts International's 2020 Social Impact and Sustainability Report Now Available
- LAS VEGAS, May 6, 2021 /PRNewswire/ -- The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates.
- 05/06/2021
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MGM Resorts International Recognized on the Forbes Best Employers for Diversity 2021 List
- LAS VEGAS, May 3, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) was awarded recognition on the Forbes list of Best Employers for Diversity 2021. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.
- 05/03/2021
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MGM Growth Properties LLC (MGP) CEO James Stewart on Q1 2021 Results - Earnings Call Transcript
- MGM Growth Properties LLC (MGP) CEO James Stewart on Q1 2021 Results - Earnings Call Transcript
- 04/30/2021
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Bullish On Gambling? Look At Super Group, The 2-Headed Juggernaut From Europe
- Bullish On Gambling? Look At Super Group, The 2-Headed Juggernaut From Europe
- 04/30/2021
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MGM Recovery Gains Steam as Loss Narrows. CEO Sees Robust Leisure Demand Ahead.
- “In Las Vegas and across our regional properties, our initial recovery has been strong,” MGM Resorts CEO Bill Hornbuckle told analysts during the company's first-quarter conference call.
- 04/29/2021
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MGM Resorts International's (MGM) CEO Bill Hornbuckle on Q1 2021 Results - Earnings Call Transcript
- MGM Resorts International's (MGM) CEO Bill Hornbuckle on Q1 2021 Results - Earnings Call Transcript
- 04/28/2021
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MGM Reports Vegas Resorts Seeing 52 Pct Losses
- MGM Resorts has reported its financial earnings results for the quarter ending March 31, with its Las Vegas Strip resorts seeing a 52 percent decline due to the pandemic, according to a press release. The company saw a net revenue of $545 million at its Las Vegas Strip resorts.
- 04/28/2021
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MGM Q1 2021 Earnings Report Recap
- MGM Resorts' (MGM) Q1 loss was smaller than analysts estimated as revenue met expectations. Room occupancy rates missed estimates by a large margin.
- 04/28/2021
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MGM China Reports 2021 First Quarter Financial Data
- Positioned for Market Recovery Maintained Healthy Balance Sheet HONG KONG, April 29, 2021 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2021 (the "Period"). Macau was still under the severe impact of COVID-19 pandemic in the first quarter this year.
- 04/28/2021
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Recap: MGM Resorts Intl Q1 Earnings
- Shares of MGM Resorts Intl (NYSE:MGM) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 51.11% year over year to ($0.68), which beat the estimate of ($0.85).
- 04/28/2021
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MGM Resorts International Reports First Quarter 2021 Financial And Operating Results
- LAS VEGAS, April 28, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2021. "We are pleased with the meaningful progress we've made on multiple fronts this quarter," said Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International.
- 04/28/2021
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Nevada Gaming Revenue Soars 72% to $1.1 Billion in March
- It was even better than the casinos did in the year before the pandemic.
- 04/27/2021
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Here's My Top Value Stock to Buy Right Now
- MGM Resorts has dramatically boosted its outlook for sports betting. Here's why that could be a game-changer for investors.
- 04/27/2021
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Leisure Stock Q1 Earnings Due on Apr 28: MGM, MLCO & More
- The leisure industry's first-quarter performances are likely to reflect robust demand for golf business. However, coronavirus pandemic continues to hurt casinos operators.
- 04/27/2021
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Another Sports Betting Stock Is Going Public as Super Group to Merge With Sports Entertainment SPAC
- Super Group will soon be aligned with the fastest-growing sportsbooks in the country.
- 04/26/2021
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Factors Setting the Tone for MGM Resorts' (MGM) Q1 Earnings
- MGM Resorts (MGM) first-quarter results are likely to reflect negative impacts of low visitation due to the pandemic.
- 04/26/2021
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Florida Poised to Authorize Sports Betting and Microbetting Through Seminole Tribe
- The tribe would have the right to offer sports betting concessions to sportsbooks.
- 04/26/2021
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These Sports Betting Stocks Have the Best Chance to Profit Now
- In-game micro-betting could become the dominant type of gambling in the hottest area of mobile betting.
- 04/24/2021
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7 Stocks That Will Benefit From Pent-Up Demand
- These 7 stocks to buy should benefit from a reopening economy as people return to their old leisure activities. The post 7 Stocks That Will Benefit From Pent-Up Demand appeared first on InvestorPlace.
- 04/23/2021
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Could MGM Resorts Have a 26% Upside?
- One analyst thinks so after taking in yesterday's investor presentation.
- 04/22/2021
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MGM Springfield Hosts U.S. Green Building Council CEO, Mass. Governor For Earth Day Event Celebrating Its Environmental Leadership
- SPRINGFIELD, Mass., April 22, 2021 /PRNewswire/ -- MGM Springfield today hosted U.S. Green Building Council CEO & President Mahesh Ramanujam, Massachusetts Gov Charlie Baker, Springfield Mayor Domenic Sarno and other government and community leaders for an Earth Day ceremony celebrating the resort's multiple certifications under the United States Green Building Council's Leadership in Energy and Environmental Design (LEED™) program.
- 04/22/2021
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If Macao Adopts China's Cryptocurrency the Casino Industry Could Come Undone
- The digital currency would erase all privacy from financial transactions.
- 04/22/2021
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MGM, DraftKings Leading US iGaming Market
- Bank of America analyst Shaun C. Kelley sized up the online sports betting and iGaming segment after several states reported March figures and market share leaders.
- 04/21/2021
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MGM Resorts (MGM) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
- MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/21/2021
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MGM Resorts Looks to Achieve the Second-Place Spot in U.S. Sports Betting
- The casino company forecasts its BetMGM venture will get up to 25% market share in a multibillion-dollar growth market.
- 04/21/2021
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MGM Resorts Sees Massive Growth From Its DraftKings Rival
- MGM Resorts says BetMGM is on track to grab up to 25% market share long-term and rake in $1 billion net revenue by 2022. The post MGM Resorts Sees Massive Growth From Its DraftKings Rival appeared first on Investor's Business Daily.
- 04/21/2021
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Will Sports Betting Pay Off for This Media Stock?
- Do regional sports networks and betting go hand-in-hand?
- 04/19/2021
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MGM Resorts International And Entain plc Announce Details Of BetMGM Investor Day
- LAS VEGAS, April 16, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), together with their venture in the U.S., BetMGM, LLC ("BetMGM"), will host a virtual investor day on Wednesday, April 21, 2021 at 11:00 a.m. EDT (8:00 a.m.
- 04/16/2021
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Top MGM Shareholders
- The top MGM shareholders are Corey Ian Sanders, William Joseph Hornbuckle, John M. McManus, IAC/InterActiveCorp., Vanguard Group Inc., and BlackRock Inc.
- 04/15/2021
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Here's How Investors Can Find Strong Consumer Discretionary Stocks with the Zacks ESP Screener
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 04/14/2021
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Why MGM Resorts Is a Better Bet Than DraftKings in Online Gambling
- BetMGM is growing faster and is a better value for investors.
- 04/10/2021
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Quiet Week, S&P 500 Sets Record Highs Anyway
- It was a quiet week on Wall Street without much in the way of data releases or earnings updates. Stocks quietly rallied week-over-week. The Nasdaq was the best-performing major index, adding 2.7% at the time of this writing (Friday afternoon, about 3pm EDT). The S&P 500 (SP500) closed at a record level twice and stands to end the week 2.3% higher. Dow Industrials (DJI) are looking at weekly gains of about 1.5. Only the Russell 2000 (RTY) is down among major indexes, but only by about 0.4%.
- 04/09/2021
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The Best Bets in Online Gambling
- Put the odds in your favor in the online gambling boom.
- 04/09/2021
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MGM Resorts Rolls Out Comprehensive Health & Safety Program To Bring Meetings Back To Las Vegas
- LAS VEGAS, April 7, 2021 /PRNewswire/ -- Following months of trials, MGM Resorts is adding cutting-edge enhancements to its Convene with Confidence program, one of the meeting industry's most comprehensive health and safety plans, designed to get businesses back to doing business in person. Now welcoming larger groups in accordance with increased capacity limits in Nevada, MGM Resorts is offering meeting planners the option for on-site rapid, molecular COVID-19 testing delivering highly accurate results for events large and small.
- 04/07/2021
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New York approves legal online sports betting
- Gov. Cuomo shared few details on how it would work, but in the past he has said he wants to run the state's sports betting industry through the New York Lottery
- 04/06/2021
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MGM Resorts International Announces First Quarter 2021 Earnings Release Date
- LAS VEGAS, April 6, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the first quarter 2021 after the market closes on Wednesday, April 28, 2021. MGM Resorts will host a conference call that day at 5:00 p.m.
- 04/06/2021
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3 Reasons to Buy MGM Shares
- MGM stock operates in the world's biggest gambling hub of Macau. It is also a Las Vegas rebound play and a U.S. online sports betting leader.
- 04/05/2021
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March Madness Drives 559% Surge In Sports Betting App Downloads
- The U.S. online sports betting market is booming, and the March Madness NCAA basketball tournament was a key catalyst for a 559% surge in sports betting app downloads in March. March Madness Bump: Bank of America analyst Shaun Kelley said March Madness coupled with easy year-over-year comps due to 2020 sports cancellations resulted in sports app downloads increasing more than fivefold year-over-year in March.
- 04/05/2021
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Why MGM Resorts Stock Jumped 7% Today
- Recovery stocks, including casino operators, are gaining backers as the vaccination rollout continues.
- 04/05/2021
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MGM Resorts International and Caesars Entertainment Stocks Upgrade: What You Need To Know
- The Las Vegas gaming market seems to be delivering a faster- and stronger-than-expected recovery, with “especially positive booking trends," according to Morgan Stanley. The Gaming Market Analyst: Thomas Allen upgraded the ratings for MGM Resorts International (NYSE: MGM) and Caesars Entertainment Inc (NASDAQ: CZR) to Overweight, while raising the price targets from $34 to $45 and from $92 to $113, respectively.
- 04/05/2021
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MGM Resorts' (MGM) BetMGM Reaches Agreement With Audacy
- MGM Resort's (MGM) BetMGM signs a multi-year sports betting deal with Audacy, previously trading as Entercom Communications Corp. (ETM).
- 03/31/2021
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7 Gambling Stocks That Are Expecting a Reopening Boost
- These gambling stocks have done well to weather the Covid-19 storm and are positioned to perform incredibly in a post-pandemic world. The post 7 Gambling Stocks That Are Expecting a Reopening Boost appeared first on InvestorPlace.
- 03/30/2021
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The Score Is A Terrific Asymmetric Bet
- The Score Is A Terrific Asymmetric Bet
- 03/30/2021
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Jeff Mochal Joins MGM Resorts International as Senior Vice President of Corporate Communications
- LAS VEGAS, March 29, 2021 /PRNewswire/ -- MGM Resorts International today announced that Jeff Mochal has joined the company as Senior Vice President of Corporate Communications. Mochal will oversee the company's corporate communications and strategic positioning, leading issues management strategy and proactive media relations, internal communications and social impact and sustainability messaging strategies for issues affecting MGM Resorts on a global scale.
- 03/29/2021
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MGM Resorts International: Room For Further Upside As BetMGM Rolls Out
- MGM Resorts International: Room For Further Upside As BetMGM Rolls Out
- 03/26/2021
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7 Risky Stocks Ready to Roll on Reopening
- If you have strong convictions about a return to normal, you may want to check out these risky stocks that could benefit the most. The post 7 Risky Stocks Ready to Roll on Reopening appeared first on InvestorPlace.
- 03/25/2021
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MGM Resorts Receives Two Awards for Outstanding Travel Marketing from Hospitality Sales & Marketing Association International
- LAS VEGAS, March 24, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) received a Gold award for Corporate Social Responsibility and a Bronze award in the Integrated Marketing Campaign category in the 64th annual Adrian Awards; the largest and most prestigious global travel marketing competition. For 2020, the Hospitality Sales & Marketing Association International (HSMAI) redesigned the Adrian Awards to reflect the current travel landscape, with focus categories of Corporate Social Responsibility, Crisis Communications/Management, Recovery Strategies, and Talent & Leadership Development, in addition to traditional Adrian Award categories.
- 03/24/2021
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BJK: Sports Betting Is Helping Gaming Stocks Hit Fresh Highs
- BJK: Sports Betting Is Helping Gaming Stocks Hit Fresh Highs
- 03/24/2021
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MGM Resorts' (MGM) BetMGM Strengthens Online Poker Presence
- MGM Resorts' (MGM) continues to focus on online betting expansion. Moreover, BetMGM launches BetMGM Poker in Michigan.
- 03/23/2021
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Buy MGM Stock as Vegas Re-Opens and BetMGM Expands Its Market
- With its sports-betting joint venture surging and Las Vegas rebounding, MGM stock remains a very good bet at its current levels. The post Buy MGM Stock as Vegas Re-Opens and BetMGM Expands Its Market appeared first on InvestorPlace.
- 03/23/2021
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BetMGM Launches Online Poker in Michigan
- JERSEY CITY, N.J., March 22, 2021 /PRNewswire/ -- BetMGM today announced the launch of BetMGM Poker in Michigan, giving customers access to benefits tied to MGM Grand Detroit and MGM Resorts' casino-resorts nationwide.
- 03/22/2021
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Time to bet on sports betting stocks as March Madness kicks off?
- A record number of Americans are preparing to legally bet on the NCAA tournament online — the number could reach 47 million. With CNBC's Scott Wapner and the Fast Money traders, Steve Grasso, Jeff Mills, James McDonald and Nadine Terman.
- 03/19/2021
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The Era of Eye-Popping Comps
- We're now seeing some of the gaudiest one-year comps in generations, especially in those industries hardest-hit by "shelter in place" initiatives.
- 03/19/2021
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Vegas Ready To Recover From Pandemic: Now It's A Stock Picker's Game
- Vegas Ready To Recover From Pandemic: Now It's A Stock Picker's Game
- 03/18/2021
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Caesars, MGM, and Wynn Perk Up as Las Vegas Returns to 50% Capacity
- Enthusiastic gambler response foreshadows a good second half of 2021 for casinos.
- 03/16/2021
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MGM Resorts (MGM) Reduces Ownership in MGP Operating Partnership
- MGM Resorts (MGM) completes the redemption of nearly 37.1 million of its operating partnership units of MGM Growth Properties (MGP) Operating Partnership LP for nearly $1.2 billion.
- 03/16/2021
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MGM Resorts International Announces Completion Of 37.1 Million MGP Operating Partnership Unit Redemption
- LAS VEGAS, March 15, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") today announced the completion of the redemption of approximately 37.1 million of its operating partnership units of MGM Growth Properties ("MGP") Operating Partnership LP (the "Operating Partnership") for aggregate cash proceeds of approximately $1.2 billion. Following the redemption, MGM Resorts' ownership in the Operating Partnership was reduced from 53.0% to 42.1%.
- 03/15/2021
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Why MGM Resorts Jumped 7.9% Today
- The outlook is getting better for MGM Resorts.
- 03/15/2021
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Expect MGM Stock to Move Higher This Year as Gambling Rebounds
- Expect MGM stock to move higher this year. MGM stock is worth between $47.05 and $50.72, which is more than several analysts project.
- 03/15/2021
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MGM Stock Valuation Is 'Changing For The Better'
- Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now "changing for the better," according to Jefferies. The MGM Resorts Analyst: David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a price target lifted from $36 to $50.
- 03/15/2021
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What's Happening With ACER Stock, MGM Stock, XPEV Stock?
- One of the most common questions traders have about stocks is “Why Is It Moving?” That's why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro.
- 03/15/2021
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Is MGM Resorts Stock a Buy?
- With the COVID-19 pandemic cooling down and the sports betting market heating up, this casino operator is a screaming buy.
- 03/15/2021
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9 Epicenter Stocks That Are Rebounding After a Hard Pandemic Fall
- What goes down, must come up, right? That's the argument for buying these epicenter stocks that saw their businesses affected by the pandemic.
- 03/12/2021
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Why Is MGM (MGM) Up 11% Since Last Earnings Report?
- MGM (MGM) reported earnings 30 days ago. What's next for the stock?
- 03/12/2021
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Buffalo Wild Wings and BetMGM Launch Exclusive Sports Betting Experience
- ATLANTA, March 11, 2021 /PRNewswire/ -- Sports fans can now access a unique sports betting experience when placing wagers through the BetMGM app inside Buffalo Wild Wings sports bars in Colorado, New Jersey, Indiana, Iowa, Tennessee and West Virginia. A first in the industry, the BetMGM app uses geolocation technology to offer custom promotions and bet types for guests who are physically inside a Buffalo Wild Wings in select markets.
- 03/11/2021
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MGM Resorts International And BetMGM Management To Speak At The J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum
- LAS VEGAS, March 10, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") and BetMGM management will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thursday, March 11, 2021.
- 03/10/2021
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Are There Too Many Casinos in Las Vegas?
- The industry may fail to bounce back until demand returns, which could be a very long time from now.
- 03/10/2021
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MGM Resorts And BetMGM Announce Unified Commitment To Promote Responsible Gaming
- LAS VEGAS, March 8, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM today announced a unified commitment to responsible gaming and to providing the tools needed to help players make responsible, informed decisions while playing. This comes as MGM Resorts and BetMGM...
- 03/08/2021
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MGM Resorts (MGM) Up 59% in 6 Months: Can the Rally Continue?
- MGM Resorts (MGM) benefit from robust sports betting business and solid growth prospects in Macau.
- 03/05/2021
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Gambling Giant Has Massive Upgrade Potential
- It's no secret all casino, resort, and travel-related stocks have suffered in the wake of the nearly year-long Covid-19 pandemic.
- 03/05/2021
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Why MGM Resorts International Stock Jumped 32% in February
- Gambling company MGM Resorts continued its push into the digital sphere and investors like what they are seeing.
- 03/03/2021
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This Sports Gambling Stock Is Getting the Most From Its Secret Weapon
- How should investors judge Penn National Gaming's sports gambling success thus far?
- 03/03/2021
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MGM Resorts International Names Clorox "Official Guest Disinfectant And Hand Sanitizer Brand"
- LAS VEGAS, March 2, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today announced it is teaming with The Clorox Company as the exclusive provider of disinfectant and hand sanitizing products for guest use at more than 20 MGM Resorts properties in Las Vegas and across the...
- 03/02/2021
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Is It The Right Time To Pick MGM Resorts Stock?
- The shares of MGM Resorts have completely recovered to pre-Covid levels primarily supported by its sports betting application, BetMGM. Per recent filings, BetMGM has achieved a 17% market share of the U.S. sports betting and iGaming industry.
- 03/01/2021
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Top 4th-Quarter Buys of Lee Ainslie's Maverick Capital
- Lee Ainslie (Trades, Portfolio), the founder and CEO of Maverick Capital, recently disclosed the firm's portfolio changes for the fourth quarter of 2020, which ended on Dec. 31.
- 02/24/2021
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Exxon, Kohl's, MGM, Spotify and More Tuesday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets have pulled back from their recent all-time highs.
- 02/23/2021
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Could MGM Resorts Be a Millionaire Maker Stock?
- MGM's future may lie beyond the casino floor.
- 02/20/2021
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Mason Hawkins' Southeastern Invests in Travel and Real Estate
- Southeastern Asset Management recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.
- 02/19/2021
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The Best Growth Stock No One Is Talking About
- This company has turned $2,500 into $1 million, but it's probably not on your radar.
- 02/19/2021
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Las Vegas Casinos Have No Recovery in Sight
- There's no reason to expect a rebound this year or next.
- 02/19/2021
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Why BofA Sees $2B Opportunity In Canadian Sports Betting
- Although BofA Securities sees DraftKings Inc. (NASDAQ: DKNG) and FanDuel as the initial captains of the sports betting space, analyst Shaun Kelley said both Penn National Gaming Inc. (NASDAQ: PENN) and MGM Resorts International (NYSE: MGM) “are formidable opponents” that continue to grow market share in the states where online gambling is legal. BofA's Sports Betting Takeaways: MGM, through its BetMGM platform, currently holds the No.
- 02/18/2021
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MGM Resorts Resuming 24/7 Operations At Mandalay Bay, Park MGM And The Mirage On March 3
- LAS VEGAS, Feb. 17, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will resume 24/7 hotel operations at Mandalay Bay, Park MGM and The Mirage resorts effective March 3. The change comes as the Company sees increased interest in travel to Las Vegas. Previously, each property...
- 02/17/2021
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7 Stocks to Study Up on If Student Loan Relief Happens
- Although an intensely controversial issue, if the Biden administration succeeds in pushing student loan relief, these may be the best stocks to buy. The post 7 Stocks to Study Up on If Student Loan Relief Happens appeared first on InvestorPlace.
- 02/17/2021
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MGM Growth Properties LLC (MGP) CEO James Stewart on Q4 2020 Results - Earnings Call Transcript
- MGM Growth Properties LLC (MGP) CEO James Stewart on Q4 2020 Results - Earnings Call Transcript
- 02/16/2021
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Forget Las Vegas Sands, MGM Resorts Is a Better Casino Stock
- Casinos still face strong headwinds, but this resort operator has one major defense against them.
- 02/16/2021
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Investors eye shares of hotels, cruise lines as U.S. vaccinations pick up
- Investors are watching next week's earnings reports from hotels, cruise lines and other businesses that have been hard hit by COVID-19 for indications of which companies could be the first to bounce back when the pandemic recedes.
- 02/12/2021
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Are casino stocks a good long term buy? #AskHalftime
- The "Halftime Report" traders answer viewer questions in #AskHalftime
- 02/12/2021
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Why Shares of MGM Resorts Fell 5% on Thursday
- Earnings are showing improvement, but there's a lot of uncertainty for 2021.
- 02/11/2021
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Mandalay Bay and Anheuser-Busch Announce Multi-Year Naming Rights Partnership for Sports and Entertainment Venue
- LAS VEGAS, Feb. 11, 2021 /PRNewswire/ -- Mandalay Bay Resort and Casino today announced it has entered into a multi-year naming rights agreement with industry-leading beverage company Anheuser-Busch. The deal, negotiated by MGM Resorts International, will rename the resort's 12,000-seat...
- 02/11/2021
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MGM Resorts International's (MGM) CEO William Hornbuckle on Q4 2020 Results - Earnings Call Transcript
- MGM Resorts International's (MGM) CEO William Hornbuckle on Q4 2020 Results - Earnings Call Transcript
- 02/10/2021
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MGM Resorts (MGM) Reports Q4 Loss, Tops Revenue Estimates
- MGM (MGM) delivered earnings and revenue surprises of 6.25% and 1.49%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/10/2021
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Markets Finish Mixed as Uber, MGM Fall Back After Hours
- Earnings results are providing many different angles on the state of the economy.
- 02/10/2021
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Recap: MGM Resorts Intl Q4 Earnings
- Shares of MGM Resorts Intl (NYSE:MGM) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 1225.00% year over year to ($0.90), which were in line with the estimate of ($0.90).
- 02/10/2021
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MGM Resorts posts quarterly loss on pandemic pain
- MGM Resorts International posted a quarterly loss compared with a year-ago profit on Wednesday, as COVID-19 travel restrictions dented business for the casino operator.
- 02/10/2021
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Earnings Previews: iRobot, MGM Resorts, Uber and Zynga
- Wednesday morning's earnings reports mark the halfway point in this busiest week of earnings season.
- 02/09/2021
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Why MGM Resorts (MGM) Might Surprise This Earnings Season
- MGM Resorts (MGM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/09/2021
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Sports Gambling Sites Run Into Technical Issues During Super Bowl
- Sports betting apps like FanDuel, DraftKings, Penn National Gaming app and BetMGM experienced technical issues right before the Super Bowl on Sunday (Feb. 7), CNBC reported. As the game was about to start, technicians tried to fix issues on those platforms and others in order to help placate disgruntled fans, according to CNBC.
- 02/08/2021
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Sports gambling sites crash during football's biggest game
- It was supposed to be one of the biggest nights of the year for gambling sites, instead they couldn't handle the traffic.
- 02/08/2021
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BofA Upgrades MGM Resorts: 'Could Become A Story Stock'
- MGM Resorts International (NYSE: MGM) shares traded higher on Monday after the company landed an analyst upgrade as it continues to roll out its BetMGM sports betting app. The Analyst: Bank of America analyst Shaun Kelley upgraded MGM from Underperform to Neutral and raised his price target from $25 to $35.
- 02/08/2021
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Sports betting sites faced intermittent outages as demand spiked during Super Bowl LV
- CNBC's Contessa Brewer reports on the widespread tech issues that hit sports betting platforms as demand surged during last night's Super Bowl match up between the Tampa Bay Buccaneers and the Kansas City Chiefs.
- 02/08/2021
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MGM Earnings: What to Look For
- MGM (MGM) reports Q4 earnings after market close on February 10. Can it limit its net losses and revenue declines amid pandemic?
- 02/08/2021
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5 Stocks That Powers S&P 500 ETF Last Week
- The S&P 500 wrapped up its best week since Nov 6, climbing 4.6% on renewed optimism in the markets.
- 02/08/2021
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Baidu, MGM, Pinterest, Tyson Foods and More Monday Afternoon Analyst Calls
- With the trading day about halfway over, the broad markets were each hitting new all-time highs.
- 02/08/2021
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BofA Analyst Upgrades MGM, Downgrades Las Vegas Sands
- MGM Resorts is much more of a play on the Las Vegas Strip, which BofA Global Research says is favorable to Asian exposure, while Las Vegas Sands gets most of its operating income from Macau and Singapore.
- 02/08/2021
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Traders lay out a triple stock play to bet on a travel rebound
- As the TSA cracks down on mask use, paving the way for a safer travel environment, two traders lay out the stocks they would play to ride vacation demand.
- 02/08/2021
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MGM Resorts International Named A FORTUNE "World's Most Admired Company"
- LAS VEGAS, Feb. 5, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) is on FORTUNE's 2021 list of the World's Most Admired Companies, available online at www.FORTUNE.com. The survey, regarded as a definitive analysis of corporate reputation, ranked MGM Resorts among the best in...
- 02/05/2021
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3 Downtrodden Stocks to Buy as the Crowds Return
- These three companies are shaping up as stocks to buy today despite the pandemic-related challenges they've faced. The post 3 Downtrodden Stocks to Buy as the Crowds Return appeared first on InvestorPlace.
- 02/05/2021
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Dismal Visitation to Hurt MGM Resorts' (MGM) Q4 Earnings
- MGM Resorts (MGM) third-quarter results are likely to reflect negative impacts of temporary closure of certain domestic properties and low visitation.
- 02/05/2021
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Why MGM Resorts Jumped 5.2% Today
- All eyes will be on MGM's online gambling numbers when earnings are reported.
- 02/04/2021
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