Core Viewpoint - MGM Resorts has experienced significant growth post-pandemic, but must explore new international markets for long-term growth as Las Vegas gambling reaches maturity [1][4]. Group 1: Financial Performance - MGM's third-quarter earnings showed a 5% year-over-year revenue increase to a record $4.2 billion, aided by the recovery in Macau [2]. - The company generated $8.1 billion in revenue for the full year 2023, with expectations of sharing Japanese sales with local partners from the new Osaka resort [7]. Group 2: Market Expansion - MGM has received certification to develop a $10 billion integrated resort in Osaka, Japan, expected to open in 2029, with potential first-year revenue of $5 billion [6]. - The company has a diversified portfolio, including operations in Las Vegas and regional casinos across the U.S., which mitigates risks from market weaknesses [3]. Group 3: Stock Valuation and Shareholder Returns - MGM's stock trades at a forward price-to-earnings (P/E) multiple of around 14, significantly lower than the S&P 500 estimate of 23, indicating a potential undervaluation [8]. - The company has repurchased $1.3 billion worth of stock year-to-date, reducing shares outstanding by 40% since 2021, which may enhance earnings per share and investor ownership [9].

LAS VEGAS, Dec. 5, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the promotion of Ari Kastrati to Chief Content, Hospitality and Development Officer, effective immediately. In his new role, Kastrati will oversee the Company's global design and development efforts and sports and entertainment partnerships. He also will continue to drive the Company's hospitality strategy, including the development of food and beverage and nightlife concepts, and l ...

Core Insights - MGM Resorts International will participate in the 2024 Bank of America Leveraged Finance Conference on December 3, 2024, with senior leadership from MGM Resorts and MGM China speaking at 9:30 a.m. ET [1] Company Overview - MGM Resorts International is an S&P 500 global gaming and entertainment company with a portfolio of 31 unique hotel and gaming destinations worldwide, including renowned resort brands [2] - The company operates BetMGM, LLC, a 50/50 venture that provides sports betting and online gaming in North America, and has a subsidiary, LV Lion Holding Limited, offering similar services in Europe [2] - MGM Resorts is pursuing expansion in Asia, specifically through an integrated resort development in Japan [2] - The company emphasizes sustainability through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" philosophy, aiming to positively impact employees, guests, and communities [2] - MGM Resorts has been recognized as one of FORTUNE Magazine's World's Most Admired Companies [2]

Sold-Out Bellagio Fountain Club Headlines Race Weekend Experiences with Celebrity Chefs, Top Drivers, Stars and More Click here to download high-res images (credit: MGM Resorts) Click here to download b-roll from Bellagio Fountain Club, Fountain Walk, Boulevard Experience and Shoey Bar (footage courtesy of MGM Resorts) LAS VEGAS, Nov. 25, 2024 /PRNewswire/ -- As the checkered flag waves on the second year of the Las Vegas Grand Prix, MGM Resorts International has once again delivered as the ultimate race-we ...

Streamlined nationwide access to digital bonuses, MGM Rewards Points, Marriott Bonvoy Points, and moreJERSEY CITY, N.J., Nov. 25, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, today announced a major enhancement to its customer experience by consolidating BetMGM Reward Points (BRPs) into a single account. In addition to users' cash balance, this feature enables BetMGM Rewards Points to travel with them across jurisdictions.Click here to download creative assetsStreamlining BetM ...

MGM Resorts International (MGM) is likely to benefit from solid performances at regional properties in Las Vegas and MGM China. Also, the focus on global expansion and strategic partnerships bodes well. However, elevated expenses remain a concern.Factors Driving Growth of MGM StockMGM’s regional properties remain a cornerstone of its portfolio, consistently delivering stable results. The company benefits from strong market leadership at nearly all regional locations, supported by affluent demographics and l ...

Bringing the Next Generation of Guest Experience to Las Vegas and BeyondNews Summary:   Global gaming and entertainment company MGM Resorts International signs a Whole Portfolio Agreement with Cisco to deliver next-generation guest experiences. Agreement gives MGM Resorts access to much of Cisco's software portfolio and Customer Experience (CX) services. Multi-year agreement brings simplicity and predictability as the company paves the way for future location services and next-generation machine learning ap ...

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 ...