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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 Resorts International (NYSE: MGM) will announce its third-quarter 2022 financial results on November 2, 2022, after market close. A conference call is scheduled for 5 p.m. EDT that day, where executives will discuss the results and answer questions. Investors can access supplemental slides on MGM's Investor Relations website prior to the call. The replay of the call will be available until November 9, 2022. MGM Resorts operates globally, focusing on entertainment, hotels, and online gaming, including BetMGM, and is pursuing further expansion in Asia.

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ExteNet Systems has partnered with MGM Resorts International to implement the largest in-building cellular enhancement project in the US. The project, covering 25 MGM properties and 54 million square feet, aims to improve mobile connectivity for nearly 200,000 visitors daily by deploying advanced 5G technology. Completion is expected between fall 2022 and fall 2024, ahead of major events like the Formula One World Championship in November 2023 and Super Bowl LVIII in February 2024. This collaboration emphasizes MGM's commitment to enhancing guest experiences through reliable connectivity.

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Maroon 5 will launch a new residency titled M5LV The Residency at Dolby Live at Park MGM in Las Vegas, beginning March 24, 2023. Tickets go on sale to the public on October 3, 2022, with pre-sale options available from September 28 and for MGM Rewards members from September 30. The residency is presented by Live Nation and MGM Resorts International and is designed for an intimate concert experience in a 5,200-seat venue. Maroon 5 has sold over 90 million albums and is among the top streaming groups on Spotify.

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BetMGM has appointed Vanessa Hudgens as its new celebrity brand ambassador to enhance its marketing efforts across iGaming and Casino platforms. Known for her role in High School Musical, Hudgens aims to engage diverse audiences through innovative promotional strategies. BetMGM, a prominent name in sports betting and gaming, focuses on responsible gaming and offers resources like GameSense to assist players. This partnership is set against the backdrop of BetMGM's continued expansion into new markets.

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The largest online gaming operators in the U.S. have established the first industry-led responsible gaming standards through a 12-point pledge aimed at promoting responsible online gaming. This initiative coincides with Responsible Gaming Education Month as designated by the American Gaming Association. Key participants include Bally's, BetMGM, DraftKings, Entain, FanDuel, and MGM Resorts International. The principles focus on preventing underage gaming, promoting informed choices, and fostering a responsible gaming culture. Operators will also collaborate with policymakers and experts to address problem gaming effectively.

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BetMGM has partnered with NBC Sports for the 2022 NFL season, integrating betting insights into shows like Football Night in America. The collaboration features segments hosted by Chris Simms and Matthew Berry, providing real-time betting odds and analysis. NBC's digital platforms will also highlight BetMGM's odds in various content. This partnership aims to engage football fans and expand BetMGM's market presence while promoting responsible gaming through GameSense. Both companies anticipate strong viewer engagement and innovative activation opportunities.

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ARIA Resort & Casino in Las Vegas is set to host Proper Eats, an elevated food hall opening in early winter, developed by Clique Hospitality. The venue will cover 24,000 square feet and feature 12 unique culinary concepts, including the first Wexler's Deli outside of Los Angeles and London's Seoul Bird. The design, crafted by Alessandro Munge, aims to create a vibrant dining experience. Clique Hospitality, known for its diverse dining portfolio in San Diego and Las Vegas, continues to enhance the local culinary scene with this new venture.

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MGM Resorts International (NYSE: MGM) will participate in the Deutsche Bank Leveraged Finance Conference on September 20, 2022. CFO Jonathan Halkyard is scheduled to speak at 3:35 p.m. PDT. The session will be available via webcast on MGM's Investor Relations website. MGM Resorts is a global entertainment company, featuring hotels and casinos worldwide, and is recognized as one of FORTUNE® Magazine's World's Most Admired Companies. It operates 33 unique destinations and is pursuing expansion into Asia, particularly Japan.

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AEG has promoted Sally Bae to Senior Vice President of Global Partnerships, overseeing revenue and strategic sales growth for T-Mobile Arena and MGM Grand Garden Arena in Las Vegas. Bae, who previously served as VP of Partnership Sales and Service, will manage long-term partnerships, premium inventory, and a growing sales team. Her past achievements include selling out premium seating for T-Mobile Arena in its first year. Bae’s experience includes generating over $550M in gross sales within a four-year period in Los Angeles.

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On September 8, 2022, BetMGM and the Arizona Cardinals unveiled the first sportsbook at an NFL stadium, located at State Farm Stadium. This innovative 17,000-square-foot venue features a 265-square-foot video wall, 38 TVs, and over 25 betting kiosks, with capacity for 500 guests. The sportsbook will operate year-round, offering entertainment options including live music and comedy. Open to the public on September 11, 2022, the launch aims to enhance fan engagement and complement BetMGM's mobile offerings in Arizona.

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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 $34.65 as of December 31, 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

10.33B
230.07M
22.74%
69.78%
4.9%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS