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MGM RESORTS INTERNATIONAL - MGM STOCK NEWS

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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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On April 20, 2021, BetMGM announced the integration of GameSense, a responsible gaming program, into its platform, marking a first for U.S. online gaming. Developed by the British Columbia Lottery Corporation (BCLC), GameSense offers resources for informed and responsible gambling. BetMGM's CEO Adam Greenblatt emphasized the importance of responsible gambling as the industry expands. The program will be fully integrated later this year and aims to promote healthy gaming habits. MGM Resorts, which launched GameSense in 2017, aims to enhance player experience across its properties and now through BetMGM.

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MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT) will hold a virtual investor day for their joint venture BetMGM on April 21, 2021, at 11:00 a.m. EDT. The event will feature key management presentations, including CEO Adam Greenblatt and CFO Gary Deutsch, followed by a live Q&A session. Participants can register for the event online and will have access to an on-demand replay afterward. This event emphasizes BetMGM's position as a leader in sports betting and online gaming.

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MGM Resorts announced enhancements to its Convene with Confidence program, aimed at reviving in-person meetings in Las Vegas. The health and safety initiative now offers optional rapid COVID-19 testing for event attendees, in line with Nevada's increased capacity limits. Since its launch in September 2020, the program has successfully hosted nearly 300 meetings. Key partnerships with CLEAR, Cue Health, and Impact Health facilitate secure health monitoring and rapid testing. In-room testing options are also available, providing convenience for guests at their Las Vegas properties.

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MGM Resorts International (NYSE: MGM) will release its Q1 2021 financial results on April 28, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET on the same day, featuring a discussion of results and a Q&A session. Supplemental materials will be available on MGM's Investor Relations website prior to the call. The call can be accessed via the internet or by phone, with a replay available until May 5, 2021. MGM Resorts operates 29 hotel and gaming destinations and is pursuing expansion in Asia, notably Japan.

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PLAYSTUDIOS has collaborated with five renowned Las Vegas artists to launch its new app, myVEGAS Bingo, starting April 1, 2021. This initiative, named “Lucky Numbers”, features unique bingo balls displayed across iconic Las Vegas locations. PLAYSTUDIOS aims to enhance its gaming experience by integrating local culture and talent. The app allows players to join clubs, compete in tournaments, and earn loyalty points redeemable for real-world rewards. The press release also mentions a planned merger with Acies Acquisition Corp., transitioning to Nasdaq under the symbol “MYPS”.

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The Detroit Tigers have entered into a multi-year sponsorship agreement with BetMGM, enhancing their partnership in the gaming sector.

This deal includes BetMGM branding at Comerica Park, promotions for fans, and integration across digital platforms such as the MLB Ballpark App. BetMGM's Chief Revenue Officer, Matt Prevost, emphasized the importance of connecting with Michigan sports teams. The BetMGM app is now available in Michigan for sports betting. This collaboration aims to enrich the fan experience both at the stadium and remotely, promoting responsible gaming as part of BetMGM's commitment.

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BetMGM has announced a multi-year partnership with Audacy, designating BetMGM as the preferred sports betting partner across Audacy's broadcast stations and digital platforms. This collaboration aims to enhance content integration and customer acquisition opportunities, utilizing Audacy's extensive reach in the sports radio and digital audio space. The deal follows Audacy's acquisition of QL Gaming Group and the launch of the BetQL Audio Network, reinforcing their commitment to sports betting engagement. BetMGM currently operates in 10 states and offers a user-friendly mobile betting experience.

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MGM Resorts International announced the appointment of Jeff Mochal as Senior Vice President of Corporate Communications on March 29, 2021. Mochal, previously with LPL Financial, will lead corporate communications, media relations, and sustainability strategies. He brings extensive experience from senior positions at McDonald's and other firms. Ayesha Molino has been promoted to Senior Vice President of Public Affairs, overseeing public affairs and communications strategies. This move is crucial as MGM aims to capitalize on opportunities in mobile gaming post-pandemic.

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MGM Resorts International received a Gold award for Corporate Social Responsibility and a Bronze award in Integrated Marketing at the 64th Adrian Awards, a leading global travel marketing competition. Recognized for COVID-19 relief efforts, MGM donated over 662,000 pounds of food and provided $15.5 million in financial assistance to employees. The marketing team launched a 'Together at Home' campaign, achieving a 200% increase in engagement on social media. The awards highlight innovative practices in hospitality during the ongoing pandemic.

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BetMGM has officially launched BetMGM Poker in Michigan, enhancing its gaming portfolio alongside previous offerings in the state. This launch makes Michigan the second U.S. state to feature BetMGM Poker, powered by partypoker US network. New players can enjoy a $25 bonus and a 100% deposit match up to $600. Additionally, players can participate in a $50,000 Freeroll Invitational Tournament on April 4th. The app is available on iOS, Android, and desktop, integrating with MGM Resorts' M life Rewards program to offer exclusive benefits.

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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 $37.15 as of November 18, 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

NYSE:MGM

MGM Rankings

MGM Stock Data

10.98B
230.04M
22.73%
69.74%
4.68%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS