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MGM RESORTS REACHES RESPONSIBLE GAMING MILESTONE BY SURPASSING 2,000 GAMESENSE ADVISORS
Prnewswire· 2025-12-16 19:00
Core Insights - MGM Resorts International has achieved a significant milestone by certifying over 2,000 employees as GameSense Advisors, enhancing its responsible gaming program [1][4][5] Group 1: Responsible Gaming Program - GameSense is an industry-leading responsible gaming initiative developed by the British Columbia Lottery Corporation (BCLC) and licensed to MGM Resorts in 2017, focusing on promoting responsible gambling practices [3] - The training sessions for GameSense Advisors included comprehensive, research-based responsible gaming education aimed at empowering employees to address problem gambling concerns [2][4] - GameSense Advisors are trained to identify at-risk behaviors, escalate concerns, and provide support and resources, including tools like BetBlocker, which is a free software to block access to gambling sites [4] Group 2: Company Commitment and Culture - MGM Resorts emphasizes a culture of responsibility, aiming to turn every interaction into an opportunity to build trust and provide meaningful hospitality [5] - The company supports initiatives like the American Gaming Association's Play Smart from the Start and Have A Game Plan.® Bet Responsibly.™ campaigns, which educate bettors on making informed decisions [5][6] - MGM Resorts is recognized as one of FORTUNE® Magazine's World's Most Admired Companies, reflecting its commitment to creating a sustainable future and making a positive impact in the communities it serves [8]
Connor McDavid Returns in BetMGM Responsible Gambling Campaign
Prnewswire· 2025-12-15 20:30
Three-time Hart Memorial Trophy winner teams up with BetMGM to spotlight responsible gambling tools in new "Mullet Over" spot JERSEY CITY, N.J., Dec. 15, 2025 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, has launched a new responsible gambling television commercial spot featuring three-time Hart Memorial Trophy winner and BetMGM brand ambassador Connor McDavid, alongside former NHL player and actor Terry Ryan. The spot is currently airing in the U.S. and Canada, as well as on vario ...
MGM Resorts International (NYSE:MGM) Stock Update
Financial Modeling Prep· 2025-12-15 16:00
Core Viewpoint - Goldman Sachs maintains a "Sell" rating for MGM Resorts International while raising the price target to $33 from $31, despite the stock's current price of $37.38 [1][5]. Company Performance - MGM's stock price is currently at $37.38, reflecting a slight decrease of 0.16% or $0.06, with fluctuations between $37.31 and $38.20 on the day [3]. - Over the past year, MGM's stock reached a high of $41.32 and a low of $25.30, indicating volatility in its performance [3]. Market Position - MGM's market capitalization is approximately $10.22 billion, showcasing its substantial presence in the hospitality and entertainment industry [4]. - Today's trading volume is 2,667,959 shares, indicating active investor interest in MGM [4]. Insider Activity - Significant insider buying activity at MGM suggests confidence in the company's future, despite the "Sell" rating from Goldman Sachs [2][5]. - Insider buying often slows when markets are near all-time highs or during earnings seasons, highlighting the unusual nature of this trend [2].
Hedge Fund and Insider Trading News: Cathie Wood, Michael Burry, Renaissance Technologies, Mason Capital, Millennium Management, Adverum Biotechnologies Inc (ADVM), MGM Resorts International (MGM), an
Insider Monkey· 2025-12-12 18:05
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...
Huge Insider Buying in MGM and Salesforce
247Wallst· 2025-12-12 13:45
As the year begins to wind down, investors are looking to position themselves for 2026. ...
What to Watch With MGM Stock in 2026
The Motley Fool· 2025-12-09 09:30
Core Viewpoint - MGM Resorts International has shown resilience despite challenges in the Las Vegas tourism sector, with potential for a strong performance in 2026 [1][2]. Financial Performance - For the nine-month period ending September 30, 2025, MGM reported essentially zero revenue growth compared to the same period in 2024, reflecting weak results from Las Vegas Strip operations [5]. - The company experienced a 4.9% drop in adjusted EBITDA for the same nine-month period, while Caesars Entertainment reported a 4.2% decline [6]. Market Position - MGM's stock has underperformed compared to the S&P 500, but it is currently up 2.57% year-to-date [2]. - MGM trades at a forward P/E ratio of 15, significantly lower than Caesars' 29, indicating potential for valuation expansion [8]. Future Outlook - Analysts have a wide range of earnings forecasts for MGM in 2026, with estimates ranging from $0.30 to $3.31 per share [8]. - Positive developments, such as improved Las Vegas Strip results and growth in BetMGM and MGM China, could drive a rebound in stock valuation [9][10].
MGM's BetMGM Expands Into Missouri With New Sportsbook & Mobile App
ZACKS· 2025-12-02 17:50
Core Insights - BetMGM has launched mobile and in-person sports betting in Missouri, partnering with Century Casinos to enhance its market presence and product offerings [1][2] Group 1: BetMGM Launch and Features - Customers can place bets online via the BetMGM mobile app or in person at the new BetMGM Sportsbook located in Century Casino & Hotel Cape Girardeau [2] - The app offers a user-friendly experience with access to major betting markets, live wagering, research tools, and responsible gaming features [3] - New players in Missouri can place a first bet up to $1,500 with bonus bets if they lose, alongside exclusive promotions through a partnership with the Kansas City Chiefs [3] Group 2: Financial Performance and Growth - BetMGM has shown strong growth, with record performance in Q3 2025 leading to a raised full-year EBITDA outlook to approximately $200 million, an increase of nearly $450 million from the previous year [5][7] - The North American and European segments of BetMGM reported exceptional results, with the company expecting at least $100 million in returns for Q4 from a total investment of $630 million [5][7] Group 3: MGM Resorts' Market Position - MGM Resorts has seen its shares increase by 10.9% over the past six months, outperforming the Zacks Gaming industry's growth of 9.6% [6] - The company is well-positioned for sustainable earnings growth and aims to strengthen its leadership in the global hospitality and gaming industry, despite facing challenges such as high costs and soft trends in Las Vegas [6]
Realty Income Announces $800 Million Preferred Equity Investment in CityCenter Las Vegas Real Estate Assets
Prnewswire· 2025-12-01 21:30
Core Viewpoint - Realty Income Corporation has announced an $800 million perpetual preferred equity investment in the real estate of CityCenter, which includes the ARIA Resort & Casino and Vdara Hotel & Spa, owned by Blackstone Real Estate, while increasing its 2025 investment volume guidance to over $6.0 billion [1][2]. Investment Details - The perpetual preferred equity investment is expected to yield an initial unlevered rate of return of 7.4%, with annual capped escalators starting on the fifth anniversary of the closing [3]. - An early redemption premium of 3% applies if redeemed within the first year, and 2% if redeemed between the first and fourth anniversaries [3]. - Realty Income will receive a make-whole payment if it does not achieve an 8.325% unlevered IRR upon redemption [3]. Strategic Partnership - This investment marks the second collaboration between Realty Income and Blackstone Real Estate, following the successful Bellagio Las Vegas joint venture completed in 2023 [1]. - Realty Income's President and CEO highlighted the strategic relationship with Blackstone and the immediate accretive nature of this investment [4]. Property Overview - The ARIA Resort & Casino and Vdara Hotel & Spa feature approximately 5,500 rooms and 500,000 square feet of convention space, operated by MGM Resorts International [5]. - The property is under a triple net lease with annual rent escalators and approximately 26 years remaining on the initial term, plus three 10-year extension options [4]. Financial Position - Realty Income had approximately $417 million in outstanding cash and $1.3 billion in unsettled forward equity as of the end of the third quarter [4]. - The transaction is expected to close on December 9, 2025, subject to customary closing conditions [5].
NoMad Las Vegas Set to Rebrand into The Reserve at Park MGM
Prnewswire· 2025-12-01 14:30
Core Insights - MGM Resorts International is transitioning NoMad Las Vegas into The Reserve at Park MGM, with the rebranding effective from December 17, 2025 [1][2] - The Reserve at Park MGM will feature 293 rooms and suites, maintaining a sophisticated guest experience [2] - The venue names will be refreshed, including NoMad Pool to The Terrace Pool, NoMad Library to The Library, and NoMad Bar to The Reserve Bar [2] - In early 2026, The Reserve at Park MGM is expected to join Marriott Bonvoy's Autograph Collection, allowing members to book stays and earn points [3] - The MGM Collection with Marriott Bonvoy will include 13 destinations on the Las Vegas Strip, enhancing the partnership's portfolio [4] Company Overview - MGM Resorts International is a global entertainment company listed on the S&P 500, with a diverse portfolio of hotels, casinos, and entertainment venues [5] - The company operates 31 unique hotel and gaming destinations worldwide, including notable brands and a 50/50 venture in sports betting and online gaming [5] - MGM Resorts is pursuing expansion opportunities in Asia, particularly in Japan, while focusing on sustainability and community impact [5]
MGM: Seeds Of Recovery Sprouting, Stock Remains A Buy
Seeking Alpha· 2025-11-28 18:02
Core Insights - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the value of subscribing to specialized resources for actionable insights [1]. Group 1: Industry Overview - The casino and gaming sector is characterized by significant operational complexities and competitive dynamics, necessitating expert analysis for informed investment decisions [2]. - The sector includes various segments such as traditional casinos, online betting, and entertainment, each with unique trends and challenges [2]. Group 2: Expert Analysis - Howard Jay Klein, with 30 years of experience in major casino operations, leads a research group focused on actionable investment strategies in the gaming industry [2]. - Klein's investment approach prioritizes management quality, leveraging insights from a broad intelligence network across the US gambling and entertainment sectors [2]. Group 3: Research Offerings - The House Edge provides a model portfolio that is reviewed monthly, offering actionable analysis, news interpretation, and investment recommendations [2]. - Subscribers receive regular newsletters and access to a community for discussions on gaming stocks and market trends [2].