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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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BetMGM, LLC (MGM) to Deliver $1.8-$2.0 Billion Revenue and EBITDA Profitability in 2023, Focus on Product Enhancements and Technology Updates for Sustainable Growth
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MGM Resorts International (NYSE: MGM) plans to transform Empire City Casino into MGM Empire City, a world-class entertainment destination, if granted a full-scale commercial casino license. The redevelopment includes a comprehensive casino floor, a 5,000-capacity entertainment venue, a state-of-the-art BetMGM sportsbook, new dining experiences, and technologically advanced meeting spaces.
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Entertainer Bruno Mars and Bellagio Resort & Casino to Open The Pinky Ring Cocktail Lounge and Jazz Bar in Las Vegas in Early 2024
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LPM Restaurant & Bar (LPM) officially opens its internationally acclaimed eatery at The Cosmopolitan of Las Vegas, offering exquisite harmony on the plate with a focus on exploring the joy of Mediterranean ingredients at their peak. With its unwavering commitment to excellence, the group continues to expand its global presence, marking its ninth location worldwide. The menu features signature dishes like Warm Prawns with Olive Oil and Lemon Juice, Salt Baked Sea Bass with Artichokes and Tomatoes, and classic Vanilla Crème Brûlée. The sophisticated cocktail menu and extensive wine list add to the overall experience. The restaurant's design showcases an indoor-outdoor layout, original murals by artist Sanja Kovacevic, and a soundtrack of timeless classics and refined contemporary music.
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BetMGM, a leading sports betting and iGaming operator in the U.S., jointly owned by MGM Resorts International (MGM) and Entain plc (ENT), will host a business update for analysts and investors on December 4, 2023. The event will feature presentations from BetMGM's CEO and CFO, followed by a live Q&A session. The company is accessible through the provided link and will offer an on-demand replay. The presentation slides will be available on the respective investor relations websites.
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MGM Resorts International (MGM) has been recognized as one of the nation's leading employers for culture, recruitment, and policies for Veterans, service members, and military families in Military Times' Best for Vets: Employers list. MGM Resorts was the highest-ranked company overall in Nevada and a top-ranked hospitality company in the nation. The survey is recognized by the military community as the most trusted Veterans job ranking and has come to rely on these scores to aid in their transition to civilian life.
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MGM Resorts International (MGM) will participate in the Bank of America Leveraged Finance Conference on November 28, 2023. MGM Resorts CFO and Treasurer Jonathan Halkyard will speak at a session scheduled to begin at 3:30 p.m. EST. A live webcast of the session will be available on the MGM Investor Relations website.
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MGM Resorts International (NYSE: MGM) Named Pinnacle Inclusion Index Company in 2023 Seramount Inclusion Index, showcasing commitment to diversity, equity, and inclusion (DEI). Recognized for effective practices in recruitment, retention, and advancement of underrepresented groups, fostering an inclusive corporate culture, and demographic workforce diversity.
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BetMGM Collaborates with Vanessa Hudgens for 'Library of Games' Online Casino Campaign Directed by Calmatic
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MGM China Holdings Limited (SEHK: 2282) reports strong financial performance with visitation recovery boosting gross gaming revenue and adjusted EBITDA. Macau visitation and industry GGR have surpassed 2019 levels, with a 7% rise in GGR quarter-to-quarter. Net revenue grew by 10% to HK$6.4 billion for the quarter compared to 2019. MGM China maintained a market share of 14.3% for the quarter, with adjusted EBITDA margin growing 280 basis points to 29.6% from 26.8% in 2019.
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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
OTC:MGM
MGM Rankings
MGM Stock Data
10.98B
297.74M
22.73%
71.18%
5.12%
Resorts & Casinos
Hotels & Motels
United States of America
LAS VEGAS