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
MGM Resorts International announced the redemption of approximately 37.1 million operating partnership units of MGM Growth Properties for $1.2 billion in cash. Following this redemption, MGM's ownership in the Operating Partnership dropped from 53.0% to 42.1%. CFO Jonathan Halkyard emphasized the company's asset-light strategy and strong liquidity position, indicating a focus on capital allocation to boost shareholder value and pursue growth opportunities as business recovery progresses.
Buffalo Wild Wings and BetMGM have partnered to enhance sports betting within select sports bars across Colorado, New Jersey, Indiana, Iowa, Tennessee, and West Virginia. This innovative partnership utilizes geolocation technology to offer tailored promotions and betting options for patrons. Additionally, BetMGM introduces an in-bar channel, OT Odds Powered by BetMGM, delivering live game odds and betting insights. The partnership aims to redefine fan engagement, with significant participation in their free-to-play games since their inception.
MGM Resorts International and BetMGM will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 11, 2021. CEO Bill Hornbuckle and CFO Jonathan Halkyard will present at 11:00 a.m. ET, followed by BetMGM CEO Adam Greenblatt at 11:45 a.m. ET. A live audio webcast will be accessible via the MGM Resorts Investor Relations website.
MGM Resorts International (NYSE: MGM) and BetMGM have announced a unified commitment to responsible gaming, coinciding with Problem Gambling Awareness Month in March. They aim to offer tools and education to assist players in making informed gaming choices. BetMGM will implement a weekly educational series for staff, focusing on problem gambling insights and prevention strategies. Additionally, they are promoting the Eighth Annual Gambling Disorder Screening Day, enhancing resources within the BetMGM app. MGM's GameSense program has been recognized for integrating responsible gaming practices throughout its operations.
MGM Resorts International has partnered with The Clorox Company as the exclusive provider of disinfectant and hand sanitizing products across over 20 of its properties in Las Vegas and the U.S. Clorox will supply disinfectant wipes and hand sanitizer to enhance guest safety in alignment with MGM's Seven-Point Safety Plan, initiated to prioritize health amid the ongoing pandemic. This collaboration highlights MGM's commitment to providing a safe environment for guests and employees, leveraging Clorox's expertise in cleaning products.
On March 1, 2021, BetMGM announced its exclusive partnership with Borussia Dortmund, becoming the first U.S. sports betting operator to collaborate with a German soccer club. This partnership includes cross-marketing opportunities, fan engagement via social media promotions, and customer sweepstakes offering exclusive Dortmund prizes. BetMGM aims to enhance its presence as interest in Bundesliga grows in the U.S. Additionally, users can access live matches through the BetMGM app. The initiative highlights BetMGM's commitment to responsible gaming education.
MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT) will host a business update event on April 21, 2021, focusing on their joint venture, BetMGM LLC. The virtual event, starting at 11:00 a.m. EDT, aims to provide insights into the growing U.S. sports betting and iGaming market. BetMGM, a leading player in online gaming, offers exclusive access to MGM's sports betting and online gaming operations, utilizing Entain's advanced technology. Further registration details will be shared prior to the event.
BetMGM has partnered with Topgolf Entertainment Group to enhance the integrated sports betting experience at select venues. The collaboration will feature BetMGM branding and promotional offers at various Topgolf locations, including Las Vegas and Indianapolis. This partnership aims to attract new audiences and engage consumers through unique entertainment options. BetMGM’s Chief Revenue Officer, Matt Prevost, highlighted the immersive sports betting experiences available to Topgolf guests. Forward-looking statements indicate potential growth challenges in new markets.
MGM Resorts International (NYSE: MGM) will resume 24/7 operations at Mandalay Bay, Park MGM, and The Mirage starting March 3, reflecting rising travel interest in Las Vegas. This decision follows selective mid-week closures due to low business volumes during the pandemic. CEO Bill Hornbuckle expressed optimism about Las Vegas' recovery and plans to bring employees back as demand increases. Additionally, live entertainment shows will return in February and March under state guidelines. MGM's health and safety protocols remain in effect to ensure guest safety amid COVID-19.
FAQ
What is the current stock price of MGM RESORTS INTERNATIONAL (MGM)?
What is the market cap of MGM RESORTS INTERNATIONAL (MGM)?
What is MGM Resorts International known for?
How many properties does MGM Resorts operate?
What are some of MGM's recent achievements?
Where can I find MGM’s financial performance updates?
What is BetMGM?
What is MGM's commitment to sustainability?
What are MGM's expansion plans?
What are some of the iconic properties operated by MGM?
How does MGM contribute to the hospitality industry?
Where can I learn more about MGM Resorts International?
