MGM Resorts International’s (MGM) sports betting and iGaming operator, BetMGM LLC, has put forward an update on its fiscal 2024 performance.Jointly owned by MGM Resorts and Entain plc, BetMGM’s iGaming business showcased strong growth trends and delivered notable returns during the fiscal year on the back of improved product offerings and enhanced player engagement. Given the ongoing solid trends across iGaming and Online Sports, BetMGM expects to attain positive EBITDA in 2025, along with $500 million EBIT ...

MGM Resorts (MGM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 12 ...

2024 strategic refinement and delivery underpins confidence of positive EBITDA in 2025 LAS VEGAS, Feb. 4, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Fiscal Year 2024 ("FY 2024") performance. BetMGM's leading iGaming offering, strengthened sports product and enhanced player engagement del ...

Hotel and casino giant MGM Resorts has agreed to pay $45 million to settle more than a dozen class action lawsuits after hackers stole personal data on millions of customers in two separate cyberattacks.MGM agreed to the settlement on January 21, according to a recent court filing, as first reported by The Record. A Las Vegas federal court is scheduled to rule on the settlement on June 18. The settlement proposal was reached following two previously reported data breaches at MGM Resorts in 2019 and 2023. T ...

MGM Resorts trades like a value stock, but there's growth potential investors don't want to miss.MGM Resorts (MGM 1.52%) is one of the dominant resort and casino companies in the U.S. and Macau with growth opportunities in online gaming an upcoming resort in Japan. But the market is pricing this like a value stock, which could be a major opportunity long-term. Travis Hoium digs into the investment opportunity in this video.*Stock prices used were end-of-day prices of Jan. 20, 2025. The video was published o ...

MGM Resorts International's (MGM) sports betting and iGaming brand, BetMGM, has secured exclusive online casino rights of "The Price is Right" and "Family Feud" through a multi-year partnership with Fremantle. The agreement covers intellectual property rights for creating customized slots, table games and non-traditional casino games based on these iconic game shows.Fremantle, known for producing and distributing entertainment content for more than a century, will support BetMGM in bringing game show-inspir ...

Collaboration will bring bespoke content and never-before-seen show integrations JERSEY CITY, N.J., Jan. 19, 2025 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, announced today a new and exclusive online casino rights partnership with Fremantle, a world leader in creating, producing and distributing entertainment content for over 100 years. The multi-year agreement secures the intellectual property rights for iconic game shows "The Price is Right" and "Family Feud" for slots, table g ...

Hotel Renovation and Expansion - MGM Grand is undergoing a significant renovation of its main tower rooms, with the first phase available for reservation starting March 1, 2025 [1] - The renovation adds 111 suites to the main tower, bringing the total to 753 suites ranging from 675 to 2,572 square feet [6] - The newly remodeled rooms and suites are designed to meet the evolving needs of contemporary travelers, blending functionality, comfort, and style [4] Room and Suite Design - The main tower remodel draws inspiration from the glamour of the disco era, combined with modern elements to create a playful and elegant atmosphere [3] - King Rooms feature rich walnut wood finishes, warm gray textured wall coverings, and vibrant carpet designs, while Queen Rooms showcase lighter gray stone finishes and tailored headboards [5] - Suites feature a refined blend of dark ebony and walnut wood finishes, with livable entertainment areas, comfortable sectionals, and lenticular artwork [7] Guest Experience Enhancements - Bathrooms in the remodeled guest rooms are upgraded with spacious walk-in showers, sleek glass enclosures, and bright porcelain finishes, creating a spa-like ambiance [4] - Integrated closets with mirrored, illuminated interiors maximize storage and streamline the room's layout [4] - Enhanced blackout drapery, wall-mounted TVs, and separate guest-use refrigerators in minibar units add convenience and comfort [4] Art and Aesthetics - Original artwork plays a significant role in the design, with each room and corridor featuring unique pieces reflecting the past, present, and future of MGM Grand [8] - Corridor artwork tells a story of exploration and self-discovery, including LED art pieces reminiscent of the vibrant disco era [8] - Floral and dreamy carpet patterns, along with light wood wall coverings, create a warm welcome to the newly remodeled rooms [8] New Dining and Attractions - MGM Grand is introducing new dining venues and attractions, including Netflix Bites, featuring cuisine inspired by hit Netflix shows, opening in early 2025 [9] - Palm Tree Beach Club, a tropical-inspired day club from world-renowned DJ Kygo's Palm Tree Crew, is set to launch in summer 2025 [9] Company Overview - MGM Grand Hotel & Casino offers a variety of accommodations, signature dining by top celebrity chefs, and world-class entertainment, including the MGM Grand Garden Arena and KÀ by Cirque du Soleil [11] - The hotel features a pampering spa and salon, an elaborate conference center with over 850,000 square feet of meeting space, and a wide range of entertainment options [11]

This company has a wide moat and is buying back 15% of its shares outstanding each year.MGM Resorts (MGM 0.24%) is a leader in gaming on the Las Vegas Strip and Macao, but the market hasn't appreciated the company's cash flow or buybacks over the past year. In this video, Travis Hoium shows why this is a cheap stock and has incredible potential through not only buybacks but also long-term growth.*Stock prices used were end-of-day prices of Jan. 14, 2025. The video was published on Jan. 15, 2025. ...

MGM Resorts International (NYSE: MGM ) is a globally recognized name in the gaming and hospitality sector, with a diverse portfolio of assets and promising growth opportunities. Despite operating in a sector that currently seems to be out of favor byFollow me on Twitter. I like to research and invest in companies that typically fall into two categories:- Macro Trend Investments: These are companies or sectors benefitting from good secular trends, where growth potential is supported by attractive valuations. ...