MGM Resorts International(MGM)
Search documents
MGM Resorts International Announces Third Quarter Earnings Release Date
Prnewswire· 2025-09-26 13:00
Financial Results Announcement - MGM Resorts International will release its financial results for the third quarter of 2025 after the market closes on October 29, 2025 [1] - A conference call will be held on the same day at 5:00 p.m. Eastern Time to discuss the results, followed by a Q&A session [1] Conference Call Access - The call can be accessed via the Internet or by phone, with specific numbers provided for domestic and international callers [2] - A replay of the call will be available until November 5, 2025, with access codes for replay provided [2] Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [3] - The company operates BetMGM, a sports betting and online gaming venture, and is expanding into Asia with a resort development in Japan [3] - MGM Resorts is recognized as one of FORTUNE Magazine's World's Most Admired Companies, emphasizing its commitment to sustainability and community impact [3] Leadership Changes - Ayesha Molino has been appointed as Chief Operating Officer, and Gary Fritz has been named Chief Commercial Officer and President of MGM Digital [6] - Corey Sanders, the current Chief Operating Officer, will retire after over 30 years of service [7]
X @Bloomberg
Bloomberg· 2025-09-25 14:54
MGM's proposal for a $2.3 billion expansion of its Empire City Casino in Yonkers, New York, will advance to a state board after clearing a key vote by a local advisory committee https://t.co/b37rHev5V2 ...
Caesars vs. MGM: What's the Better Way to Bet on Casino Giants?
Yahoo Finance· 2025-09-25 10:31
Core Insights - MGM Resorts International and Caesars Entertainment are the two largest casino operators on the Las Vegas Strip, operating a total of 18 casinos and having significant presence in other markets like Atlantic City and regional casinos [2] - Over the past five years, MGM stock has gained 55.25%, while Caesars stock has decreased by 53.85%, indicating a significant divergence in performance between the two companies [3] - Caesars has substantial outstanding liabilities of $12.27 billion, with potential savings of $60 million annually for every 100 basis points reduction in interest rates, highlighting its dependence on lower interest rates for financial health [5] Company-Specific Analysis - Caesars is currently not part of the S&P 500 Index and requires several favorable conditions to achieve investment success, indicating a complex investment landscape [4] - The company is considering asset sales to reduce debt, but the lack of cash buyers may hinder this process, as potential acquirers may be hesitant to finance purchases until interest rates decrease further [6] - A potential strategy for Caesars could involve spinning off its digital unit, which an analyst has suggested could be worth more than the entire company, reflecting management's frustration with the current share price [7] Investment Considerations - For risk-tolerant investors, Caesars may present an opportunity based on the potential for declining interest rates and corporate transactions [8] - MGM, on the other hand, may attract long-term investors due to its superior expansion prospects compared to Caesars [8]
Is MGM Resorts International Stock Underperforming the Dow?
Yahoo Finance· 2025-09-24 11:28
Core Insights - MGM Resorts International is a significant player in the hospitality and gaming industry, with a market capitalization of approximately $9.5 billion [1][2] - The company is currently trading 18.3% below its 52-week high of $42.53, reached on October 29, 2024, and has underperformed compared to the Dow Jones Industrials Average [3][4] Performance Analysis - Over the past three months, MGM stock has gained 4.6%, while the Dow Jones Industrials Average has increased by 8.7% [3] - Year-to-date, MGM has shown marginal growth, contrasting with the Dow Jones' 8.8% increase, and has declined 5.6% over the past 52 weeks compared to the Dow Jones' 9.9% returns [4] - The stock has faced challenges due to weaker results in Las Vegas operations, room remodels, lower table-games performance, and increased competition from regional casinos [6] Technical Indicators - MGM's stock has shown resilience by remaining above the 200-day moving average since July, despite earlier underperformance [5] - The stock crossed above the 50-day moving average in late April, indicating a potential shift in momentum [5] Competitive Landscape - MGM has underperformed relative to its competitor, Las Vegas Sands Corp., which has seen a 3.3% increase year-to-date and a 26% rise over the past 52 weeks [7] - Despite the challenges, analysts maintain a moderately bullish outlook on MGM, with a consensus rating of "Moderate Buy" and a mean price target of $47.56, suggesting a potential upside of 36.8% from its last closing price [7]
MGM RESORTS INTERNATIONAL NAMES AYESHA MOLINO CHIEF OPERATING OFFICER; GARY FRITZ NAMED CHIEF COMMERCIAL OFFICER AND PRESIDENT OF MGM DIGITAL
Prnewswire· 2025-09-18 20:05
Core Insights - MGM Resorts International has appointed Ayesha Molino as Chief Operating Officer and Gary Fritz as Chief Commercial Officer and President of MGM Digital, with Fritz starting immediately and Molino's appointment effective January 1, 2026 [1][2]. Leadership Changes - Ayesha Molino will succeed Corey Sanders, who is set to retire on December 31, 2025, after over 30 years with the company [2][11]. - Molino has a strong track record, having led ARIA to record EBITDAR, annual revenue, hotel and casino revenue, and guest satisfaction scores [2]. - Gary Fritz has been pivotal in advancing MGM's digital strategy, particularly with the BetMGM brand's expansion into international markets like Brazil [2][5]. Background of New Appointees - Ayesha Molino has been with MGM Resorts since January 2017, previously serving as Chief Counsel to former Senate Majority Leader Harry Reid [3]. - Molino holds a BA from the University of California, Riverside, and a JD from The George Washington University Law School [4]. - Gary Fritz has extensive experience in global strategy and expansion, having worked with companies like Expedia and McKinsey & Company [6]. Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [8]. - The company operates BetMGM, a leading sports betting and online gaming platform in North America, and is pursuing expansion in Asia, particularly in Japan [8].
Stocks Settle Mixed as Bond Yields Climb
Nasdaq· 2025-09-12 23:00
Market Overview - The S&P 500 Index closed down -0.05%, the Dow Jones Industrials Index down -0.59%, while the Nasdaq 100 Index closed up +0.42% [1] - Stock indexes settled mixed as higher bond yields led to long liquidation in equities, with the 10-year T-note yield rising +5 basis points to 4.06% [2] - The University of Michigan US September consumer sentiment index fell -2.8 to a 4-month low of 55.4, which weighed on stock prices [5] Economic Indicators - The US consumer sentiment report for September was weaker than expected, contributing to a Fed-friendly outlook for interest rate cuts [3][9] - Markets are pricing in a 100% chance of a -25 basis point rate cut at the upcoming FOMC meeting, with an overall expectation of -70 basis points by year-end [6][9] Company Movements - Warner Bros Discovery (WBD) surged over +16% following reports of a potential acquisition bid from Paramount Skydance [13] - Tesla (TSLA) rose more than +7% after receiving approval for testing autonomous vehicles in Nevada [13] - Micron Technology (MU) increased over +4% on speculation of accelerated growth due to strong demand for AI chips [14] - Oracle (ORCL) fell more than -5% amid reports of insider backing for a competing acquisition bid [17] Sector Performance - Covid vaccine makers, including Moderna (MRNA) and BioNTech SE (BNTX), retreated over -7% following reports linking child deaths to Covid shots [16] - Home builders and suppliers faced declines due to rising T-note yields, with Builders FirstSource (BLDR) and Toll Brothers (TOL) down more than -2% [16]
Stock Indexes Near Record Highs on Fed Rate Cut Expectations
Nasdaq· 2025-09-12 17:04
Market Overview - The S&P 500 and Nasdaq 100 have reached new all-time highs, driven by expectations of Federal Reserve interest rate cuts [2][4] - The Dow Jones Industrials Index has decreased by -0.31% [1] - Higher bond yields are limiting stock market gains, with the 10-year T-note yield rising to 4.06% [3][8] Economic Indicators - The University of Michigan's September consumer sentiment index fell to a 4-month low of 55.4, below expectations of 58.0 [5] - Inflation expectations for the next 5-10 years increased to +3.9% from +3.5% in August, contrary to expectations of a decline [5][8] - Markets are pricing in a 100% chance of a -25 basis point rate cut at the upcoming FOMC meeting [6][9] Company Movements - Warner Bros Discovery (WBD) surged over +11% following reports of a potential acquisition bid from Paramount Skydance [13] - Tesla (TSLA) rose more than +5% after receiving approval for testing autonomous vehicles in Nevada [13] - Micron Technology (MU) increased by over +3% due to strong demand for AI chips, contributing to a +13% rally this week [14] - Super Micro Computer (SMCI) gained more than +2% after announcing high-volume deliveries of Nvidia systems [14] - Microsoft (MSFT) rose over +1% after reaching a preliminary agreement with OpenAI regarding their partnership [15] Declines in Stock Prices - Lululemon Athletica (LULU) fell more than -3% after a price target cut by Bank of America [16] - Oracle (ORCL) decreased over -3% amid reports of insider backing for a competing acquisition bid [17] - MGM Resorts International (MGM) declined more than -1% due to insider selling activity [18]
Maple Gold Mines Ltd. (MGM:CA) Discuses On Precious Metals Summit - Beaver Creek 2025 Call (Transcript)
Seeking Alpha· 2025-09-12 01:00
Core Insights - Maple Gold Mines is focused on developing a multimillion-ounce gold camp in Quebec's Abitibi Greenstone Belt, owning a district-scale project of nearly 500 square kilometers with significant infrastructure [2][3] - The company currently has 3 million ounces of gold at its Douay project, with substantial potential for expansion, and possesses a high-grade past-producing mine complex [3][4] - Despite strong share price performance and effective execution, the company remains undervalued, indicating potential for future growth [3][4]
What Next For MGM Stock?
Forbes· 2025-09-11 13:15
Core Viewpoint - MGM Resorts International has experienced a significant decline in stock value, with a cumulative loss of -9.4% over the past seven days, raising questions about the potential for a rebound or further decline [1][4]. Financial Performance - The company has lost approximately $926 million in market value during the last week, bringing its current market capitalization to about $9.8 billion [4]. - Despite the recent downturn, MGM's stock remains 3.8% above its value at the end of 2024, while the S&P 500 has shown year-to-date returns of 11.1% [4]. Business Operations - MGM has faced challenges in its Las Vegas operations, particularly due to room remodel impacts at the MGM Grand and weaker performance in table games [3]. - However, these issues have been somewhat mitigated by stronger performance in the international market and growth in the digital segment [3]. Market Sentiment - The ongoing losing streak may indicate shifting investor sentiment or deeper concerns regarding the company's fundamentals, suggesting that sustained weakness could either signal further downside or present a buying opportunity if the fundamentals remain intact [5][6].
MGM Resorts International's Financial Outlook and Market Performance
Financial Modeling Prep· 2025-09-11 13:00
Company Overview - MGM Resorts International is a global hospitality and entertainment company operating a portfolio of destination resort brands, including Bellagio, MGM Grand, and Mandalay Bay [1] - The company competes with major players in the hospitality industry such as Caesars Entertainment and Wynn Resorts [1] Stock Performance - As of September 10, 2025, MGM's stock price is $35.95, reflecting a slight decrease of 0.14% or $0.05 [3] - The stock has traded between $35.79 and $36.32 on the same day, indicating its volatility [3] - Over the past year, MGM's stock reached a high of $42.54 and a low of $25.30, showcasing significant fluctuations in market perception [3] Market Analysis - Robin Farley from UBS set a price target of $39 for MGM, suggesting a potential price increase of approximately 8.48% from the current stock price [2] - MGM's market capitalization is approximately $9.79 billion, providing insight into the company's size and industry standing [4] - The trading volume for MGM on the NYSE is 2,557,264 shares, indicating a high level of investor interest and activity in the stock [4]