Shares of MGM Resorts International (MGM) are struggling to stay afloat in the stock market. Despite strong second-quarter results, the stock has dropped 15% year to date compared with the industry’s 6.8% rise and the S&P 500’s 17.9% increase. Investor sentiments remain tepid primarily due to broader market volatility and uncertainties in Macau.However, MGM's stock has shown some relative strength compared with competitors like Wynn Resorts, Limited (WYNN) . down 15.5%, Las Vegas Sands Corp. (LVS) , down 18 ...

For the First Time in its 25-Year History, Iconic Las Vegas Attraction Welcomes a Guest to Create New Show as Part of Once-In-A-Lifetime Marriott Bonvoy Moments® Inspired by MGM CollectionLAS VEGAS, Aug. 27, 2024 /PRNewswire/ -- It's a beautiful day at Bellagio, operated by MGM Resorts International and part of the Luxury Collection by Marriott Bonvoy. The Fountains of Bellagio celebrated a milestone with the debut of its 40th show, set to "Beautiful Day" by U2 and choreographed by Marriott Bonvoy Elite mem ...

f11photo/iStock via Getty Images Above: Denver metro looms as a key market for Monarch Casino & Resort, Inc.'s move to Colorado. Premise: Amid the AI/tech deluge that has swung volume away from many industry groups stands the casino sector, with prices at very attractive P/Es. Many of today’s investors do not remember when casino stocks, per se, commanded such strong volumes, if not frenetic runs between 1978 and 1987. Since then, there have been some fat returns north, and periods of flat lined trading ...

Single digital wallet eliminates the need to complete multiple registrationsClick here to download creative assetsLAS VEGAS, Aug. 22, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting company, is setting a new industry standard by becoming the first sports betting app to offer Nevada bettors seamless, nationwide connectivity through a single, digital wallet. Through its operation and partnership with MGM Resorts International and powered by Entain's technology, this innovative feature makes ...

LAS VEGAS, Aug. 21, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today appointed Keith Barr, former CEO of IHG Hotels & Resorts (IHG), to the Company's Board of Directors. Barr becomes the 12th member of the board.Barr is a globally recognized leader in the hospitality industry, with more than 30 years of experience. He served as the CEO of IHG Hotels & Resorts between 2017 and 2023 and as IHG's Chief Commercial Officer between 2013 and 2017. In that time, Barr ...

MGM Resorts International (MGM) is likely to benefit from sports betting prospects, solid Las Vegas performance and license development projects. Also, its focus on the single account and wallet feature bodes well. However, elevated expenses are a concern.Let us discuss the factors that highlight why investors should retain this Zacks Rank #3 (Hold) stock for now.Factors Driving GrowthAdvancements in Digital Strategy: MGM made significant strides in advancing its digital strategy, which has become a corners ...

LAS VEGAS, Aug. 20, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named a Pinnacle Inclusion Index Company in the 2024 Seramount Inclusion Index. Renowned as the preeminent organizational thought leaders to share best practices and develop innovative solutions for cultural change, Seramount's recognition underscores MGM Resorts' commitment to fostering an equitable and inclusive workplace across its operations."We are honored to be recognized for our co ...

MGM Resorts International (MGM) has taken a significant step forward in its global expansion strategy by forming a strategic alliance with Grupo Globo, the largest media group in Latin America. Together, the companies aim to secure a sports betting and iGaming license in Brazil, one of the most promising emerging markets in the gaming industry.The newly established venture will launch under the BetMGM brand if the license is approved later this year, with plans to go live in early 2025. By combining MGM Res ...

Strategic alliance pairs MGM Resorts' gaming expertise with Grupo Globo's superior reach and consumer knowledge in the Brazilian marketLAS VEGAS, Aug. 15, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") and Grupo Globo, Latin America's largest media group, today announced the formation of a new venture to seek a sports betting and iGaming license in Brazil. If its license is approved later this year, the new venture will launch in Brazil in early 2025 under the Be ...

MGM Resorts International's global expansion and partnership with Marriott continue to shape its growth potential.As the casino and hospitality industry bounces back from the challenges of the pandemic, MGM Resorts International (MGM -0.96%) continues to prove its strength. Record first-quarter earnings and innovative strategic expansions, including a lucrative partnership with Marriott International (MAR 1.01%), highlight its robust recovery and growth prospects. There's every indication the company might ...