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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 and BetMGM have announced a multi-year extension of their partnership with the National Hockey League (NHL), enhancing their role as official sports betting and resort partners. The renewal coincides with the upcoming Honda NHL All-Star Weekend in Las Vegas. BetMGM will continue utilizing NHL branding and media channels to engage with fans and enhance customer experience. This partnership aims to grow the audience and promote responsible gaming through initiatives like 'Have A Game Plan' and GameSense.

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BetMGM, a top sports betting and iGaming operator, announced the launch of BetMGM Rewards on February 2, 2022. This loyalty rewards program allows users to earn points and MGM Rewards Tier Credits with every wager, unlocking benefits at MGM Resorts' 20+ locations across the U.S. Customers can redeem points for various rewards, including hotel stays and dining experiences. The program also integrates with the Borgata Online Rewards for users in New Jersey and Pennsylvania. BetMGM prioritizes responsible gaming education as it expands its services.

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MGM Resorts has launched MGM Rewards, a new loyalty program enhancing benefits for members. Non-gaming members can now earn MGM Rewards Points redeemable for hotel stays, dining, and entertainment. A double multiplier on Tier Credits is available from February 1 to April 30, 2022, at Vegas resorts. Features include waived resort fees, late check-outs, and exclusive concerts for higher-tier members. The revamped program aims to attract more guests across over 20 destinations in the U.S., making it a competitive offering in gaming and entertainment.

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Lady Gaga will return to Dolby Live at Park MGM in Las Vegas for her LADY GAGA JAZZ & PIANO show starting April 14, 2022, covering nine select dates. This collaboration between MGM Resorts International and Live Nation celebrates her love for the Great American Songbook and her recent album with Tony Bennett, Love For Sale. Pre-sale tickets are available for her fan community and Citi® / AAdvantage® cardholders from February 1-3, 2022, with general sales commencing on February 4, 2022. Proof of vaccination or negative COVID-19 test is required for entry.

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BetMGM has officially opened its first retail sportsbook at Nationals Park in Washington, D.C., marking a significant milestone as the first sportsbook connected to a Major League Baseball stadium. The facility features 40 big-screen TVs, six betting windows, and user-friendly kiosks, all within a 4,000 square-foot area. The sportsbook will operate year-round, offering a vibrant destination for sports fans and casual bettors. This opening follows BetMGM's multi-year partnership with the Washington Nationals and complements its mobile app, enhancing its betting services in the D.C.-Maryland-Virginia region.

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BetMGM has launched its online sports betting platform in Louisiana, offering various betting options just in time for the NFL playoffs. This positions BetMGM as one of the first mobile sportsbooks available in the state, enhancing its presence alongside retail sportsbooks in nearby Mississippi. Customers can benefit from integrated MGM Rewards starting February 1, 2022, allowing them to redeem gameplay for accommodations at MGM Resorts across the country. The BetMGM app, available on iOS and Android, follows the December 2021 launch of the BetMGM Horse Racing app in Louisiana.

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Bally Sports has partnered with BetMGM to launch Live on the Line, Powered by BetMGM, its first sports betting program. The show airs weekdays at 12:00 PM ET on Bally Sports' 19 regional networks and the Bally Sports app. It delivers expert betting insights and engaging content aimed at both serious bettors and casual fans. Steve Rosenberg, President of Bally Sports, highlighted this initiative as a significant step in enhancing viewer engagement and driving interest in live game broadcasts. The program is produced in Chicago with contributions from various sports personalities.

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Shift4 (NYSE: FOUR) has partnered with T-Mobile Arena in Las Vegas to enhance mobile commerce and payment processing. This collaboration will implement Shift4's VenueNext point-of-sale solution, improving food and beverage purchasing for fans. The integration includes mobile wallet and fan loyalty features, streamlining the event experience. T-Mobile Arena aims to reduce technology costs and complexity while providing cutting-edge services. As a prominent venue hosting over 100 events annually, this partnership solidifies Shift4's role in enabling modern payment solutions.

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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 $37.27 as of November 19, 2024.

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

The market cap of MGM RESORTS INTERNATIONAL (MGM) is approximately 11.0B.

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

OTC:MGM

MGM Rankings

MGM Stock Data

11.01B
230.04M
22.73%
69.74%
4.68%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS