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MGM RESORTS INTERNATIONAL - MGM STOCK NEWS

Welcome to our dedicated page for MGM RESORTS INTERNATIONAL news (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on MGM RESORTS INTERNATIONAL stock.

MGM Resorts International (NYSE: MGM) is a leading global entertainment company known for its world-renowned resorts and casinos. Operating 31 unique hotel and gaming destinations worldwide, MGM Resorts creates immersive experiences through its Las Vegas-inspired brands. With flagship properties such as MGM Grand, Bellagio, and Mandalay Bay on the Las Vegas Strip, MGM is the largest resort operator in the area, boasting 35,000 guest rooms and suites.

Recent Achievements: MGM Resorts received the prestigious 'A' for environmental leadership and an 'A-' in water security, placing it in the top 0.015% of reporting companies. The company’s dedication to sustainability is evident through its

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MGM China Holdings Limited announced its unaudited financial data for Q1 2023. Macau experienced a pick-up in visitation, with average daily visitor arrivals reaching 55,000 compared to 21,000 a year ago. The market gross gaming revenue (GGR) nearly doubled to MOP385 million, representing a 45% recovery of Q1 2019. MGM China's net revenue increased by 131.2% YoY to HK$4.8 billion, reaching 84% of Q1 2019. The company saw a record high mass GGR at 107% of Q1 2019 and achieved a market share of 15.4% during the period.
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We Bridge Music Festival and Expo concluded successfully in Las Vegas, featuring performances from K-Pop groups like MONSTA X and ENHYPEN with over 15,000 attendees. Hosted at the Michelob ULTRA Arena, the three-day event celebrated Asian culture through music, food, and art, initiated with a tribute to Moon Bin from ASTRO. The festival's founder, Alex Kang, emphasized unity and cultural respect as core themes, enhancing community engagement. The GRAMMY Museum contributed through artist panels, while a variety of activities included merchandise sales and artist meet-and-greets. The festival aims to foster connections between Asian artists and mainstream culture and is set to return in 2024.

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FAQ

What is the current stock price of MGM RESORTS INTERNATIONAL (MGM)?

The current stock price of MGM RESORTS INTERNATIONAL (MGM) is $34.74 as of December 24, 2024.

What is the market cap of MGM RESORTS INTERNATIONAL (MGM)?

The market cap of MGM RESORTS INTERNATIONAL (MGM) is approximately 10.3B.

What is MGM Resorts International known for?

MGM Resorts International is known for its world-renowned resorts and casinos, luxurious facilities, and exceptional customer service.

How many properties does MGM Resorts operate?

MGM Resorts operates 31 unique hotel and gaming destinations worldwide, including flagship properties on the Las Vegas Strip.

What are some of MGM's recent achievements?

MGM recently received an 'A' for environmental leadership, launched BetMGM in the Netherlands and the UK, and redesigned the Mandalay Bay Convention Center.

Where can I find MGM’s financial performance updates?

MGM's financial results are available on their Investor Relations website. Q1 2024 results will be announced on May 1, 2024.

What is BetMGM?

BetMGM is MGM Resorts' iGaming and online sports betting brand, recently launched in the Netherlands and the UK.

What is MGM's commitment to sustainability?

Through its 'Focused on What Matters' philosophy, MGM is dedicated to sustainability, earning high grades in environmental leadership and water security.

What are MGM's expansion plans?

MGM is expanding globally, with significant projects such as a new resort in Japan by 2030 and international launches of BetMGM.

What are some of the iconic properties operated by MGM?

MGM operates iconic properties like MGM Grand, Bellagio, Mandalay Bay, and more on the Las Vegas Strip.

How does MGM contribute to the hospitality industry?

MGM enhances the hospitality industry with best-in-class hotels, state-of-the-art meetings and conference spaces, and incredible entertainment experiences.

Where can I learn more about MGM Resorts International?

For more information, visit MGM Resorts International's website at www.mgmresorts.com.

MGM RESORTS INTERNATIONAL

NYSE:MGM

MGM Rankings

MGM Stock Data

10.34B
230.02M
22.74%
69.76%
4.62%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS