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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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BetMGM has launched its sports betting app in Washington, D.C., in collaboration with the Washington Nationals, becoming the exclusive mobile sports betting app at Nationals Park. As part of a multi-year partnership, BetMGM will also open a retail sportsbook at the stadium. Users must be within a two-block radius of the park to place mobile bets. The app integrates with MGM Resorts' M life Rewards program, allowing fans to redeem gameplay for experiences at MGM properties across the U.S.

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The Professional Fighters League (PFL) has entered a partnership with BetMGM, designating it as a "US Authorized Gaming Operator of the PFL." This collaboration allows fans to wager on PFL events, starting with PFL 4 on June 10, 2021. BetMGM will offer unique promotions and access to PFL logos. PFL CEO Peter Murray emphasized the aim to enhance betting experiences. The PFL has rapidly become the No. 2 MMA organization globally, with significant backing from major brands and expansion into 160 countries.

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MGM Resorts International announces the appointment of Tilak Mandadi as Chief Strategy, Innovation & Technology Officer, effective July 6. Mandadi will lead MGM's digital strategy and oversee its relationship with BetMGM. His extensive experience includes roles at Disney and American Express, where he drove guest-centric growth through technology. MGM's CEO, Bill Hornbuckle, emphasizes the importance of innovation during the post-pandemic recovery. Mandadi's leadership aims to enhance customer experiences and expand MGM's digital footprint.

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PLAYSTUDIOS has expanded its partnership with MGM Resorts International, securing exclusive mobile gaming rights to MGM Northfield Park in Ohio. Players using PLAYSTUDIOS apps can earn loyalty points redeemable for rewards at this Cleveland-area destination. This addition marks the 18th MGM property to join PLAYSTUDIOS’ playAWARDS program. Furthermore, the company is on track to become Nasdaq-listed under the ticker symbol MYPS following a merger with Acies Acquisition Corp., with shareholder approval anticipated at a meeting on June 17, 2021.

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MGM Resorts International will participate in Bernstein's 37th Annual Strategic Decisions Conference on June 3, 2021, with CEO Bill Hornbuckle speaking at 11:00 a.m. Eastern Time. A live webcast will be accessible on their Investor Relations website. MGM Resorts operates 31 hotel and gaming destinations globally, along with BetMGM, a sports betting venture. The company actively pursues expansion in Asia, notably in Japan, and emphasizes sustainability in its operations. For further details, visit their official website.

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BetMGM has signed NHL icon Wayne Gretzky as a brand ambassador in a multi-year deal. This partnership aims to enhance BetMGM's marketing efforts in hockey and across North America. Gretzky, a Hockey Hall of Famer with numerous records, expressed excitement about joining BetMGM as it expands into new markets, including potential growth in Canada. Matt Prevost, Chief Revenue Officer at BetMGM, praised Gretzky's ability to elevate their brand story. BetMGM continues to focus on responsible gaming as its app expands availability.

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On May 28, 2021, BetMGM announced a partnership with NYRA Bets, the official online wagering platform of the New York Racing Association. This collaboration aims to enhance the horse racing experience for BetMGM customers, allowing them to watch and wager on over 200 tracks globally. BetMGM will integrate NYRA Bets' technology into its Horse Racing app and desktop platforms, providing access to live streaming, race replays, and major U.S. events like the Kentucky Derby. This partnership highlights BetMGM's commitment to expanding its offerings in the burgeoning sports betting market.

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On May 21, 2021, retired Military Working Dog Popeye was reunited with his handler, U.S. Army veteran Michael Steponovich, at MGM Resorts' The Mirage in Las Vegas. This emotional reunion was facilitated by American Humane, which supports U.S. Armed Forces veterans and their service dogs. Popeye, a seven-year-old German Shepherd, served in explosive detection in South Korea. MGM Resorts emphasized its commitment to veteran support through its Military Veteran Program. American Humane ensures retired MWDs receive medical care, enhancing their post-service quality of life.

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MGM Resorts International (NYSE: MGM) has received approval from the Nevada Gaming Control Board to operate at 100% occupancy without social distancing on gaming floors in its Las Vegas Strip properties, including Bellagio and MGM Grand. This decision reflects progress in the recovery from COVID-19, supported by vaccination efforts. While gaming areas will fully reopen, 80% occupancy and social distancing will remain in non-gaming areas. MGM's vaccination initiatives include on-site clinics and incentive campaigns to encourage employee vaccinations.

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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

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MGM Stock Data

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