MGM Resorts International (NYSE: MGM ) represents a compelling investment opportunity as the company enters 2025 with strong momentum across all business segments. The company's transformation from a traditional casino operator to an integrated gaming, resort and entertainment powerhouse hasAnalyst’s Disclosure: I/we have a beneficial long position in the shares of MGM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not recei ...

Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions after three years.   In the meantime, MGM Resorts International Inc. NYSE: MGM has grown to operate nearly half the major casinos in Las Vegas. At the same time, Las Vegas Sands Co. NYSE: LVS continues to focus solely ...

More than 100 wounded warriors and their guests to visit Las Vegas over Veterans Day weekendLAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino.In partn ...

New Experiences Revealed for Once-in-a-Lifetime Race Weekend Across Iconic Center-Strip ResortsClick here for the full lineup, more information and to book reservations;Follow @MGMResortsIntl for updatesLAS VEGAS, Nov. 1, 2024 /PRNewswire/ -- Push! Push! MGM Resorts International is going full throttle for the second lap of the Las Vegas Grand Prix featuring a robust roster of activations and events across The Strip designed to entertain fans leading up to and during race weekend.Race fans can party with th ...

The fundamentals are good for this entertainment company, but the market's reaction to earnings gets the potential wrong.Shares of MGM Resorts (MGM -10.96%) fell as much as 12.4% on Thursday after the company released earnings, but the numbers weren't as bad as the market seems to think. In this video, Travis Hoium explains what happened and where MGM is stronger than you might think.*Stock prices used were end-of-day prices of Oct. 31, 2024. The video was published on Oct. 31, 2024. ...

MGM Resorts International (MGM) reported third-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The top line increased year over year while the bottom line declined from the prior-year's quarter figure. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. During the quarter, the company reported sequential improvements in Las Vegas, driven by growth in Average Daily Rate and occupancy levels. The company emphasized advancements in digital investment ...

MGM Resorts International (NYSE:MGM) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Chapman - Director of Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Gary Fritz - President, MGM Resorts International Interactive Corey Sanders - Chief Operating Officer Hubert Wang - COO and President, MGM China Holdings Kenneth Feng - Executive Director and President of MGM China Holdings Conference Call Pa ...

MGM Resorts (MGM) reported $4.18 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $0.54 for the same period compares to $0.64 a year ago. The reported revenue represents a surprise of -0.89% over the Zacks Consensus Estimate of $4.22 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -6.90%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

MGM Resorts (MGM) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.90%. A quarter ago, it was expected that this casino and resort operator would post earnings of $0.66 per share when it actually produced earnings of $0.86, delivering a surprise of 30.30%.Over the last four quarters ...

Visitation Revenue Adjusted EBITDA Posted Year-on-Year GrowthAll Surpassed 2019 LevelsHONG KONG, Oct. 30, 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 and nine months ended September 30, 2024 (the "Period").The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023. For the nine months ende ...