MGM RESORTS INTERNATIONAL - MGM STOCK NEWS

MGM Grand Hotel & Casino has announced a comprehensive $300 million remodel of all 4,212 rooms and suites in its main tower. The transformation, scheduled for completion in December 2025, will feature modern design elements inspired by the disco era.

The first phase of newly remodeled rooms will be available for reservation starting March 1, 2025. This renovation follows the completion of the 700-room Studio Tower remodel in 2022. The project, designed by Gensler in partnership with MGM Resorts Design & Development, aims to enhance the guest experience for both leisure and business travelers.

The remodeled rooms will complement new dining and entertainment experiences planned to open at MGM Grand later in 2025, positioning the property for upcoming developments on the south end of The Strip.

BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), has announced it will release its FY 2024 performance update on February 4, 2025, at 7:00 a.m. Eastern Time. The company will host an audio webcast at 9:00 a.m. Eastern Time on the same day.

Additionally, MGM Resorts International will release its Q4 and FY 2024 results on February 12, while Entain plc will announce its FY 2024 results on March 6.

MGM Resorts International (NYSE: MGM) has announced it will release its financial results for the fourth quarter and full year 2024 after market close on Wednesday, February 12, 2025. The company will host a conference call at 5:00 p.m. Eastern Time on the same day, featuring a discussion of results and a Q&A session.

Supplemental slides will be available on MGM's Investor Relations website before the call. The conference call will be accessible via their website or by phone, with replay available through February 19, 2025. MGM Resorts operates 31 hotel and gaming destinations globally and maintains a 50/50 venture, BetMGM, , offering sports betting and online gaming in North America. The company is also pursuing expansion in Asia through an integrated resort development in Japan.

MGM Resorts International and Marriott International have officially launched W Las Vegas, transforming the 1,117-suite tower at Mandalay Bay into part of the W Hotels brand. Starting December 18, 2024, Marriott Bonvoy members can book stays and earn/redeem points at this new destination, which joins the MGM Collection with Marriott Bonvoy portfolio.

This marks another milestone in the strategic licensing agreement between both companies announced in 2023. The collaboration connects over 200 million Marriott Bonvoy members with MGM Resorts destinations across the U.S., while MGM Rewards members can status match across Marriott's global portfolio of approximately 9,000 properties. W Las Vegas becomes the 12th destination on the Las Vegas Strip within the MGM Collection.

MGM Resorts International has promoted Ari Kastrati to Chief Content, Hospitality and Development Officer, effective immediately. In his expanded role, Kastrati will oversee global design and development efforts, sports and entertainment partnerships, while continuing to drive the company's hospitality strategy, including food and beverage and nightlife concepts. He will also lead lifestyle, retail, leasing, and arts divisions, reporting directly to CEO Bill Hornbuckle.

Kastrati, who joined MGM Resorts in 2010, previously served as Chief Hospitality Officer and has over 25 years of industry experience. He has been important in developing the company's portfolio of dining and nightlife destinations and will now play a larger role in MGM's expansion into luxury destinations globally.

MGM Resorts International (NYSE: MGM) and MGM China announced their participation in the 2024 Bank of America Leveraged Finance Conference on December 3, 2024. Senior leadership from both companies will present at 9:30 a.m. ET, with a live webcast available on the MGM Investor Relations website.

MGM Resorts, an S&P 500® company, operates 31 hotel and gaming destinations globally, featuring premium hotels, casinos, and entertainment venues. The company's portfolio includes BetMGM, a 50/50 venture offering sports betting and online gaming in North America, and LV Lion Holding , which provides similar services in Europe. MGM Resorts is also pursuing expansion in Asia through a Japanese integrated resort development.

MGM Resorts International successfully hosted the second Las Vegas Grand Prix, featuring exclusive events and experiences across its properties. The sold-out Bellagio Fountain Club served as the premier viewing destination, attracting numerous celebrities and top F1 drivers including Max Verstappen, George Russell, Lewis Hamilton, and Carlos Sainz. The event showcased world-renowned chefs and unique experiences like Carlos Sainz' Smooth Operator Dance Lounge at ARIA and the popular Shoey Bar at Bellagio. The weekend culminated with race winners celebrating at the Bellagio Fountain Club Winner's Stage, complete with fountain displays and fireworks.

BetMGM has announced a significant upgrade to its customer experience by consolidating BetMGM Reward Points (BRPs) into a single account system. This enhancement allows users to access their rewards points across different jurisdictions, complementing the existing single, digital wallet feature that provides unified login credentials and cash balance accessibility. BetMGM became the first sports betting app to offer Nevada bettors nationwide connectivity through this digital wallet system in August. Players can earn rewards points through BetMGM Sportsbook, Casino, and Poker activities, which can be redeemed for odds boosts, Gametime credits, at MGM Resorts destinations, or exchanged for Marriott Bonvoy Points.

BetMGM launches its first Original Bets Sweepstakes for the 2024 Emirates NBA Cup from November 21-29. Customers who wager $10+ on NBA Cup Original Bets can win a Las Vegas sports vacation package including a five-night stay at MGM Grand, tickets to semifinal and championship games, an on-court photo opportunity, and $2,500 in BetMGM Rewards Points. The promotion allows up to 25 entries per person but is not available in Nevada, New York, Ontario, or Puerto Rico. BetMGM's Original Bets are powered by Angstrom's play-by-play simulation models, offering unique markets like both teams scoring in the first minute.