If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MGM Resorts (MGM) . This company, which is in the Zacks Gaming industry, shows potential for another earnings beat.When looking at the last two reports, this casino and resort operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 40.77%, on average, in the last two quarters ...

Investors interested in Gaming stocks are likely familiar with MGM Resorts (MGM) and Churchill Downs (CHDN) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Sty ...

MGM Resorts International TodayMGMMGM Resorts International$43.17 +0.13 (+0.30%) 52-Week Range$34.12▼$51.35P/E Ratio16.60Price Target$54.66Add to WatchlistCasino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. NYSE: LVS and Wynn Resorts Ltd. NASDAQ: WYNN trading down 14.4% and 9.22%, respectively. The best house in the rough neighborhood could be MGM Resorts International NYSE: MGM, whose shares are down 3.67% YTD. The consumer discretionary sector has ...

JERSEY CITY, N.J., July 2, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, was recognized as Sports Betting Operator of the Year and Employer of the Year at the EGR North America Awards 2024. The EGR North America Awards, hosted in New York City on June 27, celebrate excellence in the North American online gaming industry and are considered the premier gaming awards.   "Winning two EGR North America Awards is a tremendous honor," said Adam Greenblatt, Chief Executive Officer, Bet ...

A man walks in front of the Cotai's MGM hotel resort in Macau on March 15, 2023. (Photo by Eduardo ... [+] Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images)AFP via Getty ImagesMGM Resorts stock currently trades at $44 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region. Now th ...

LAS VEGAS, June 26, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2024 after the market closes on Wednesday, July 31, 2024. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations websi ...

MGM Resorts International’s (MGM) subsidiary, LeoVegas Group, is set to acquire the product and technology platform from Tipico Group Ltd constituting the U.S. sportsbook and online casino. Subject to customary closing conditions, this transaction is expected to close in the third quarter of 2024.This acquisition will help LeoVegas operate a purpose-built proprietary sportsbook across all international markets and brands, except those exclusive to the BetMGM JV. This strategic move will ensure LeoVegas offe ...

LAS VEGAS, June 24, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that its subsidiary, LeoVegas Group ("LeoVegas"), has entered into an agreement to acquire the product and technology platform constituting the U.S sportsbook and online casino from Tipico Group Ltd ("Tipico").This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023. The acquisition will allow LeoVegas to operate a ...

MGM Resorts International (MGM) unveiled a strategic partnership with technology leader Playtech. This collaboration aims to provide exclusive live casino content to operators in the iGaming industry.MGM Resorts will stream live casino content, branded as ‘MGM Live,’ directly from the gaming floors of MGM Grand and Bellagio Resort & Casino in Las Vegas. This live content will be available for licensing in regulated markets worldwide outside of the United States. The offerings will include single and double- ...

MediaProduction Sixty percent of Americans plan to take a leisure trip over the next few months. Meeting new people and “digital detoxification” are among the top reasons driving vacations, according to a McKinsey study, as younger generations show a significant growing interest in travel. Airlines forecast carrying a record 271M passengers around the world this summer, from June 1st to August 31st (+6% YoY), and cruise lines project ~34.7M passengers in 2024 (+9% YoY). Major hotels in Las Vegas, the #1 ...