STOCK TITAN

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

Rhea-AI Summary

iHeartMedia announced the 2024 iHeartRadio Music Festival lineup, presented by Capital One, to be held on September 20 and 21 at T-Mobile Arena in Las Vegas. The event will feature performances by Big Sean, Camila Cabello, Doja Cat, Gwen Stefani, and more, hosted by Ryan Seacrest. Hulu will stream the festival live. Capital One cardholders get presale access starting June 12, and general ticket sales begin June 14 on AXS.com. The festival will also be broadcast across iHeartMedia's radio stations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
none
-
Rhea-AI Summary

Mandalay Bay Resort and Casino announced a $100 million remodel of its 2.1 million-square-foot convention center. The upgrade includes advanced technology, dynamic digital signage, and a new design reflecting Mandalay Bay's tropical theme. Implemented over two-and-a-half years, features include Cat6A Ethernet cabling for enhanced data transmission, digital walls for event messaging, RFID locks on meeting room doors, and over 200 motion detection cameras. The remodel, designed by MGM Resorts International and Dezmotif Studios, also revitalizes exhibit spaces and promotes diverse artists. The project aims to meet modern meeting needs, further solidifying Mandalay Bay as a premier events destination.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
none
-
Rhea-AI Summary

MGM Resorts (NYSE: MGM) has surpassed its goal of donating 5 million meals to fight food insecurity by 2025, achieving this milestone ahead of schedule. Since 2016, the company has donated meals through its Feeding Forward program, including over 1.2 million meals in 2023 alone. The program not only donates grants to hunger relief organizations but also rescues unserved food from its operations and redistributes it safely to communities across the U.S. MGM Resorts is committed to combating food waste and food insecurity, with significant donations to organizations in Southern Nevada and beyond. This initiative aligns with the company's broader social impact and sustainability goals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
Tags
none
Rhea-AI Summary

BetMGM, a leading sports betting and iGaming operator, will sponsor a Nightly Progressive Jackpot during Wheel of Fortune's 'Big Money Week' from May 20-24, celebrating the show's 8,000th episode. Contestants solving the Bonus Puzzle will add the jackpot to their winnings. Additionally, a 'Double Jackpot' wedge on the Wheel could double the jackpot amount. Home viewers can also register online for a chance to win the Nightly Progressive Jackpot.

BetMGM's branding will be prominently featured throughout the episodes, including co-branded graphics and in-show displays. BetMGM has a history of collaborating with the show, including the launch of Wheel of Fortune Online Casino in March 2023. The game show reaches over 21.5 million viewers weekly.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
-
Rhea-AI Summary

MGM China Holdings reported record-high performance and market share for the first quarter of 2024. The company saw significant growth in gross gaming revenue, mass GGR, net revenue, adjusted EBITDA, and market share in Macau. MGM China maintained a strong financial position with total liquidity of HK$16.9 billion and proposed a final dividend of HK$0.347 per share for the year 2023. The company's focus on customer service and innovation contributed to its outstanding performance and confidence in the future of Macau.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
Tags
-
Rhea-AI Summary

MGM Resorts International reported record first quarter 2024 financial and operating results, with MGM China achieving a 78% increase in Adjusted Property EBITDAR and Las Vegas seeing record net revenues. The strategic growth plan includes share repurchases resulting in a 36% reduction since 2021. The Japan IR venture secured financing, and a partnership with Marriott is driving growth. However, net income decreased compared to the prior year, impacted by a gain on the disposition of Gold Strike Tunica.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
Tags
Rhea-AI Summary

MGM Resorts International released its 2023 Social Impact and Sustainability Report, showcasing its commitment to social impact, sustainability, and innovation. The report highlights employee volunteer efforts, innovative water stewardship projects, energy savings goals achievement, and workforce development initiatives. The company's focus on diversity, equity, inclusion, philanthropy, community engagement, and environmental sustainability aligns with the United Nations Sustainable Development Goals. MGM Resorts aims to create a more sustainable future while making a positive impact on employees, guests, and communities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
none
-
Rhea-AI Summary

MGM Resorts International announced the launch of BetMGM in the Netherlands, expanding its iGaming and online sports betting brand globally. The Dutch market will enjoy new product features like large-scale jackpots, loyalty rewards, and exclusive slots, powered by LeoVegas Group's technology. This move follows a successful UK launch, marking MGM's strategic international expansion efforts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.22%
Tags
none
-
Rhea-AI Summary
MGM Resorts International completes $750 million senior notes offering to repay existing debt, providing financial flexibility for future investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.73%
Tags
none
Rhea-AI Summary
Prove Identity, Inc. partners with BetMGM to enhance security and user experience through Prove Pre-Fill® for digital sports betting and casinos. The collaboration aims to streamline user onboarding, reduce sign-up abandonment, and prevent promotion abuse, ensuring a secure and seamless gaming experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
partnership

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

Nasdaq: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