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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 announced a new ad campaign featuring Academy Award winner Jamie Foxx as part of its branding strategy. The campaign, titled The King of Sportsbooks, aims to enhance BetMGM's market presence by showcasing the excitement of sports betting through various advertising mediums. The campaign will launch shortly and includes a visually captivating video filmed at the Fountains of Bellagio in Las Vegas. BetMGM, a joint venture between MGM Resorts and GVC Holdings, is positioned to expand its reach in the U.S. sports betting market by leveraging innovative technology and a strong brand partnership with Foxx.

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BetMGM has partnered with the Las Vegas Raiders as the team's first official sports betting partner, enhancing MGM Resorts' existing multi-year sponsorship. This partnership aims to engage Raiders fans through educational initiatives about the BetMGM app, which is accessible via MGM Resorts Sports Book locations in Las Vegas. The collaboration also includes sponsorship of the Raiders' inaugural regular season game at Allegiant Stadium. MGM Resorts emphasizes responsible gaming through the GameSense program and continues to expand its footprint in the sports betting market.

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On September 17, 2020, BetMGM became the Official Sports Betting Partner of the Las Vegas Raiders, expanding its existing partnership with MGM Resorts. The collaboration aims to enhance engagement with Raiders fans and promote the BetMGM app, now available for registration in Nevada through MGM Resorts Sports Books. BetMGM's CEO expressed excitement about the partnership, emphasizing a commitment to responsible gaming. Additionally, the Raiders and MGM Resorts are collaborating on community outreach initiatives in Southern Nevada, with MGM providing substantial branding at Allegiant Stadium, set to generate significant economic benefits.

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MGM Resorts International (NYSE: MGM) and BetMGM have partnered with the American Gaming Association to support Responsible Gaming Education Week, from September 14 to 19. BetMGM has appointed Richard Taylor as Responsible Gambling Program Manager, tasked with enhancing the company's responsible gaming platform and employee training. The focus is on promoting healthy gambling practices through programs like GameSense, which offers proactive education on responsible gaming. MGM Resorts emphasizes commitment to responsible gaming across its casinos and mobile apps, ensuring a safer experience for customers.

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MGM Resorts International and BetMGM are partnering with the American Gaming Association for Responsible Gaming Education Week from September 14-19. BetMGM announced the hiring of Richard Taylor as Responsible Gambling Program Manager to enhance their responsible gaming platform. Taylor will focus on promoting healthier gambling habits and developing internal training for employees. MGM Resorts aims to educate guests on responsible gaming through their GameSense program, emphasizing proactive communication about gambling. The partnership showcases MGM's commitment to responsible gaming practices.

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MGM Resorts International (NYSE: MGM) will reopen Park MGM and NoMad Las Vegas on September 30, completing the recovery of all its properties after the Covid-19 closures. This marks Park MGM as the first fully smoke-free casino resort on The Strip. CEO Bill Hornbuckle expressed pride in the team’s effort during challenging times. While initial amenities will be limited, popular dining options will be available. The Four Seasons Las Vegas will also reopen on September 25. MGM's comprehensive safety measures include employee screenings and physical distancing protocols.

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The Detroit Lions announced BetMGM as their first Official Sports Betting Partner, enhancing fan engagement through initiatives like Lions Bingo and Lions Perks. This partnership marks a significant extension of the existing collaboration with MGM Resorts. Through Lions Bingo, fans can win cash prizes and trips by predicting game scenarios. The partnership also promotes responsible gambling via the GameSense program. BetMGM aims to create unique fan experiences, especially as sports betting expands in Michigan.

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The Detroit Lions have announced BetMGM as their first Official Sports Betting Partner, enhancing their multi-year partnership with MGM Resorts. The collaboration includes fan-focused assets like Lions Bingo and Lions Perks, along with digital marketing and in-stadium promotions. BetMGM will offer new cash prizes and trips via Lions Bingo, which allows fans to predict game plays. This partnership aims to engage fans during the football season, with a focus on responsible gambling through programs like GameSense.

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BetMGM, a joint venture between MGM Resorts and GVC Holdings, has launched BetMGM Casino in West Virginia, featuring the widest range of online casino games in the state. The platform offers 30 games, including unique progressive jackpot slots, integrated within the existing BetMGM Sports mobile app. CEO Adam Greenblatt emphasized its competitive edge in delivering a comprehensive gaming experience. BetMGM Casino is already operational in New Jersey and plans to expand to Pennsylvania and Michigan pending regulatory approvals.

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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
297.74M
22.73%
71.18%
5.12%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS