MGM Resorts International(MGM)
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MGM Resorts International and Entain Notice of BetMGM FY 2024 Update
Prnewswire· 2025-01-07 22:00
LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will release an update on BetMGM's FY 2024 performance at 7:00 a.m. Eastern Time (12:00 p.m. UK) Tuesday 4th February 2025. BetMGM management will host an audio webcast at 9:00 a.m. Eastern Time (2:00 p.m. UK). Upcoming Dates: February 12: MGM Resorts Inter ...
MGM Resorts International Announces Fourth Quarter and Full Year 2024 Earnings Release Date
Prnewswire· 2025-01-07 21:50
LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the fourth quarter and full year 2024 after the market closes on Wednesday, February 12, 2025. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investo ...
Tax Loss Selling, Three (More) Oversold Stocks
Seeking Alpha· 2024-12-19 18:55
Following up on my recent tax loss selling opportunity piece , today, I present 3 more stocks I believe have been unduly punished by Mr. Market. Relative to my last piece, I would note that these are lower conviction ideas (read: smaller, in some casesAnalyst’s Disclosure: I/we have a beneficial long position in the shares of UNH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than fro ...
W LAS VEGAS DEBUTS AT MANDALAY BAY
Prnewswire· 2024-12-18 22:00
W Las Vegas at Mandalay Bay officially joins the MGM Collection with Marriott Bonvoy portfolio. Post this The introduction of W Las Vegas to the MGM Resorts portfolio marks another milestone in the company's long-term strategic licensing agreement with Marriott International, first announced in 2023. This collaboration unites two hospitality leaders, offering Marriott Bonvoy and MGM Rewards members unprecedented access to both companies' collections of resorts, along with elevated experiences and unmatc ...
Where Will MGM Resorts Stock Be in 5 Years?
The Motley Fool· 2024-12-16 17:06
文章核心观点 - 公司受益于疫情后美国现场娱乐场所的复苏,但拉斯维加斯的赌博业务已接近峰值,未来五年的增长将依赖于开拓新的国际市场,尤其是日本市场 [1][4][6] 业务现状 - 公司第三季度收入同比增长5%,达到创纪录的42亿美元,主要得益于澳门健康限制的放宽,澳门市场是公司最后一个恢复到2019年水平的业务板块 [2] - 公司通过子公司MGM Macau在中国市场拥有业务,持有MGM Cotai和MGM Macau等高端度假村的部分股权,并与当地合作伙伴共同经营 [3] - 公司在美国拉斯维加斯是最大的赌场运营商,并在美国中小城市拥有区域性赌场度假村,业务多元化有助于抵御单一市场的疲软 [3] 未来五年的展望 - 澳门和拉斯维加斯作为全球顶级赌博中心,市场已成熟,投资者不应期望长期大幅增长,未来五年赌场活动可能回归历史常态 [4] - 赌博行业作为可自由支配支出,需求受经济周期影响,经济紧张时人们会减少此类支出,尽管高盛分析师预测未来12个月经济衰退概率仅为15%,但未来几年风险可能上升,公司增长可能依赖于开拓新市场 [5] 日本市场的发展 - 公司在2023年4月获得官方认证,将在日本大阪的人工岛上开发一个100亿美元的集成度假村,该项目将与当地合作伙伴Orix Corporation合作,预计2029年开业,分析师估计第一年运营收入可达50亿美元 [6] - 该项目虽然对公司增长有积极影响,但考虑到公司2023年全年收入为81亿美元,且将与合作伙伴分享日本市场收入,投资者不应期望该项目带来革命性变化 [7] 股票吸引力 - 公司股票的吸引力在于其低估值,当前市盈率约为14,远低于标普500指数的23倍,尽管面临销售放缓和周期性业务模式,但这一折扣似乎已反映了大部分长期挑战 [8] - 公司通过股票回购计划向股东返还价值,今年以来已回购13亿美元的股票,自2021年以来流通股减少了40%,这有助于提高每股收益并增加投资者的持股比例,总体来看,公司低估值和大规模回购使得股票在未来五年内有望上涨 [9]
MGM RESORTS PROMOTES ARI KASTRATI TO CHIEF CONTENT, HOSPITALITY AND DEVELOPMENT OFFICER
Prnewswire· 2024-12-06 03:00
LAS VEGAS, Dec. 5, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the promotion of Ari Kastrati to Chief Content, Hospitality and Development Officer, effective immediately. In his new role, Kastrati will oversee the Company's global design and development efforts and sports and entertainment partnerships. He also will continue to drive the Company's hospitality strategy, including the development of food and beverage and nightlife concepts, and l ...
MGM Resorts International and MGM China to Speak at Leveraged Finance Conference
Prnewswire· 2024-12-02 22:00
LAS VEGAS, Dec. 2, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the 2024 Bank of America Leveraged Finance Conference on Tuesday, December 3, 2024. Senior leadership from MGM Resorts International and MGM China will speak at a session scheduled to begin at 9:30 a.m. ET. A live webcast of the session will be available under the Events & Presentation section of the MGM Investor Relations website at http://investors.mgmresorts.comAbout MGM Reso ...
MGM RESORTS LEADS THE CHARGE AT LAS VEGAS GRAND PRIX WITH EXCLUSIVE EVENTS AND STAR POWER
Prnewswire· 2024-11-26 04:49
文章核心观点 - MGM Resorts International在2024年拉斯维加斯大奖赛期间再次成为终极赛车周末目的地,提供了包括独家观赛机会、沉浸式粉丝体验、独特的美食和娱乐活动在内的难忘体验 [1][2][3][4][5][6] 核心活动 - Bellagio Fountain Club在赛车周末期间售罄,成为终极豪华目的地,吸引了包括Chris Stapleton、Aaron Paul、Seth Rogen、Coco Jones、Eva Longoria、Big Boi、Cedric The Entertainer、Canelo Alvarez、Donnie Wahlberg、Jenny McCarthy、Jazz Chisholm、Mark Vientos、Starling Marte、Dexter Fowler、Francis Tiafoe、Rory Mcllroy、Eddie Huang等名人和运动员 [2] - 四届世界冠军Max Verstappen、拉斯维加斯大奖赛冠军George Russell、P2 Lewis Hamilton和P3 Carlos Sainz在比赛结束后前往Bellagio Fountain Club的拉斯维加斯大奖赛冠军舞台庆祝胜利,比赛标志和车手图像被投影在标志性的喷泉上,烟花照亮了天空 [3] 公司策略 - MGM Resorts的副总裁Andrew Lanzino表示,数千名员工的合作将拉斯维加斯大奖赛提升到了前所未有的高度,超过了所有预期,这个周末不仅仅是一个事件,而是一系列难忘的“哇”时刻,巩固了其在公司和城市年度最显著周末中的地位 [4] 其他活动 - ARIA Resort & Casino举办了Carlos Sainz的Smooth Operator Dance Lounge,向他的赛车昵称致敬,他在周三午夜时分走进派对,与DJ和现场萨克斯手一起跳舞,给数百名粉丝留下了难忘的回忆 [4] - Bellagio的Shoey Bar再次回归,粉丝们排队品尝与MGM Resorts和Sparco合作设计的限量版赛车鞋中的特色鸡尾酒,名人们如Donnie Wahlberg、Jenny McCarthy、Eva Longoria和Big Boi在Shoey Bar享受这一庆祝传统 [5] - 其他独特的赛车活动包括The Cosmopolitan of Las Vegas的Boulevard Experience屋顶观赛派对、每日目的地酒吧的鸡尾酒巡回赛、ARIA大堂的梅赛德斯体验、布鲁克林大桥上的Williams Racing粉丝区等 [6]
BetMGM Rewards Points Now Combined Into Single, Digital Wallet
Prnewswire· 2024-11-26 02:45
Streamlined nationwide access to digital bonuses, MGM Rewards Points, Marriott Bonvoy Points, and moreJERSEY CITY, N.J., Nov. 25, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, today announced a major enhancement to its customer experience by consolidating BetMGM Reward Points (BRPs) into a single account. In addition to users' cash balance, this feature enables BetMGM Rewards Points to travel with them across jurisdictions.Click here to download creative assetsStreamlining BetM ...
Here's Why Investors Should Retain MGM Resorts Stock for Now
ZACKS· 2024-11-22 23:16
MGM Resorts International (MGM) is likely to benefit from solid performances at regional properties in Las Vegas and MGM China. Also, the focus on global expansion and strategic partnerships bodes well. However, elevated expenses remain a concern.Factors Driving Growth of MGM StockMGM’s regional properties remain a cornerstone of its portfolio, consistently delivering stable results. The company benefits from strong market leadership at nearly all regional locations, supported by affluent demographics and l ...