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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) received the Gold award for Corporate and Business Volunteer Program of the Year at the 2020 Nevada Governor's Points of Light Awards. This prestigious event recognizes exceptional volunteer efforts across Nevada. MGM aims to donate 5 million meals via its Feeding Forward program by 2025 and exceed 1 million community volunteer hours. Amid the pandemic, the company emphasizes its commitment to community support and service. This recognition aligns with MGM's broader commitment to sustainability and positive social impact.

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MGM Resorts Foundation has received the SportsTravel Award for its Employee Emergency Grant Fund (EEG) program, which has raised over $14 million to aid employees and their families during the COVID-19 pandemic. The fund has facilitated more than 9,000 bill payments for qualified expenses. Additionally, MGM Resorts contributed food and PPE to local communities, providing nearly 500,000 meals to those in need. This recognition highlights the Foundation's commitment to support during challenging times.

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Din Tai Fung has opened its first location in Las Vegas at ARIA Resort & Casino, expanding its global reach from Taipei to Los Angeles. Known for its Xiao Long Bao, the restaurant aims to deliver the same culinary experience as its original establishment founded in 1972. The venue features a lively show kitchen capable of producing 10,000 dumplings daily. This expansion celebrates Din Tai Fung's 20th anniversary in the U.S., marking its significant growth with locations worldwide, now totaling over 170.

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MGM Resorts International (NYSE: MGM) will announce its third quarter 2020 financial results on October 29, 2020, after market close. A conference call is scheduled for 5:00 p.m. ET that same day, featuring discussions on the results followed by a Q&A session. Investors can access supplemental slides on the Investor Relations website. Callers can join via phone or online. A replay will be available until November 5. MGM Resorts is a leading global entertainment company with a focus on immersive experiences through its various properties.

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Borgata Hotel Casino & Spa, an MGM Resorts property, will reopen its Poker Room on October 21, 2020. The reopening follows earlier closures due to the COVID-19 crisis and will feature 30 socially distanced tables. Enhanced safety measures, including mandatory masks, polycarbonate barriers, and health screenings, are implemented to ensure guest safety. The Bad Beat Jackpot will commence with a prize of $100,000. Borgata aims to restore its status as a leading gaming destination on the East Coast.

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MGM Resorts International (NYSE: MGM) announced the completion of a $750 million issuance of senior notes at a rate of 4.750% due in 2028. The proceeds will be utilized for general corporate purposes, including potentially refinancing existing debt. CFO Corey Sanders emphasized that this move enhances the company's financial flexibility and illustrates investor confidence in MGM's long-term outlook.

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On October 13, 2020, BetMGM announced the launch of its new Parlay Builder, a same-game-parlay product powered by Betgenius, enhancing betting options for U.S. sports. This product allows users to customize bets across major leagues, including NFL, NBA, and soccer, with MLB and NHL to follow. BetMGM aims to offer over 400 bet types within the same game, catering to both serious and recreational bettors. The Parlay Builder is expected to replicate the success of BetBuilder in Europe, providing BetMGM with a significant competitive advantage.

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BetMGM has announced the launch of Parlay Builder, a new same-game-parlay product tailored for U.S. sports. This innovative feature offers players extensive betting options across major leagues, including more than 400 bet-types. The product is powered by BetBuilder, developed in collaboration with Betgenius and Sportcast, enhancing user experience and engagement for both serious and casual bettors. BetMGM aims to replicate the success of BetBuilder seen in Europe, positioning itself as a leader in the U.S. sports betting market.

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MGM Resorts International announced the pricing of a public offering of $750 million in 4.750% senior notes due 2028, up from an initial $500 million. The offering is set to close on October 13, 2020, subject to standard conditions. The proceeds will be used for general corporate purposes, potentially refinancing existing debt. The notes will be unsecured senior obligations, guaranteed by the company's wholly owned subsidiaries. This offering aims to enhance liquidity amidst uncertainties, including the impacts of COVID-19 on the business.

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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 $34.16 as of December 20, 2024.

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

The market cap of MGM RESORTS INTERNATIONAL (MGM) is approximately 10.1B.

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

10.09B
230.02M
22.74%
69.76%
4.62%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS