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Mgm Resorts - 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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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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BetMGM has officially launched the BetMGM Casino in West Virginia, featuring 30 online casino games, including exclusive progressive jackpot-linked games. The casino is integrated into the BetMGM Sports mobile app, enhancing their existing sports betting platform. BetMGM CEO Adam Greenblatt emphasized the importance of this launch as a differentiator in the online gaming market. The platform is also accessible via desktop and plans to expand into Pennsylvania and Michigan pending regulatory approvals. This expansion represents another step in BetMGM's growth strategy in the U.S. gaming market.

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VSiN and BetMGM announced a multi-year partnership to launch the sports betting show Betting Across America. Starting August 31, the show will air live on weekdays and weekends, providing comprehensive sports betting data and insights. VSiN aims to enhance sports betting knowledge for its audience through collaboration with BetMGM experts. This initiative marks a significant marketing investment for BetMGM, leveraging VSiN's credibility in the sports betting space. The program will be accessible via various platforms, including SiriusXM and VSiN.com.

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LAS VEGAS, Aug. 25, 2020 /PRNewswire/ -- VSiN and BetMGM have announced a multi-year collaboration to launch a new sports betting show called Betting Across America. This partnership will enhance sports betting data accessibility, airing live from BetMGM locations. The show starts August 31 on weekdays and September 5 on weekends. VSiN aims to deliver credible insights, helping bettors make informed decisions. This collaboration signifies a strategic marketing investment by BetMGM, aimed at engaging sports fans through specialized, real-time data and analysis.

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PLAYSTUDIOS has upgraded its myVEGAS Slots franchise by launching the new mySTRIP feature, enhancing player engagement with innovative mechanics and multi-day challenges. Released on August 13, 2020, this feature allows players to explore a virtual Las Vegas, interact with iconic MGM Resorts properties, and earn real-world rewards such as hotel stays and show tickets. The game's immersive experience includes daily missions and special events, aiming to attract more players and deepen their connection with MGM's offerings.

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MGM Resorts International received a $2 million donation from the estate of founder Kirk Kerkorian to support employees affected by the COVID-19 pandemic. This funding will be allocated to the MGM Resorts Foundation's Employee Emergency Grant Fund, which has provided over $11 million in aid since the pandemic began. The fund aims to assist laid-off or furloughed employees with essential expenses like rent, utilities, and medical bills. The donation reflects Kerkorian's legacy of caring for MGM employees.

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NASCAR and BetMGM have announced a multi-year partnership allowing BetMGM to be an Authorized Gaming Operator of NASCAR. This collaboration aims to enhance sports betting experiences, including in-race betting options, for fans across the U.S. BetMGM will utilize NASCAR branding and promote offerings on various platforms, expanding its presence from seven to eleven states by year-end 2020. BetMGM plans to introduce diverse betting types throughout the NASCAR season, including live in-play options starting in 2021. The partnership is set to amplify NASCAR's growth in sports betting, with NASCAR turnover increasing by nearly 1,300%.

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FAQ

What is the current stock price of Mgm Resorts (MGM)?

The current stock price of Mgm Resorts (MGM) is $36 as of February 21, 2025.

What is the market cap of Mgm Resorts (MGM)?

The market cap of Mgm Resorts (MGM) is approximately 10.9B.

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

NYSE:MGM

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MGM Stock Data

10.94B
217.26M
22.72%
70.1%
5.31%
Resorts & Casinos
Hotels & Motels
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United States
LAS VEGAS