f11photo/iStock via Getty Images Above: Denver metro looms as a key market for Monarch Casino & Resort, Inc.'s move to Colorado. Premise: Amid the AI/tech deluge that has swung volume away from many industry groups stands the casino sector, with prices at very attractive P/Es. Many of today’s investors do not remember when casino stocks, per se, commanded such strong volumes, if not frenetic runs between 1978 and 1987. Since then, there have been some fat returns north, and periods of flat lined trading ...

Single digital wallet eliminates the need to complete multiple registrationsClick here to download creative assetsLAS VEGAS, Aug. 22, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting company, is setting a new industry standard by becoming the first sports betting app to offer Nevada bettors seamless, nationwide connectivity through a single, digital wallet. Through its operation and partnership with MGM Resorts International and powered by Entain's technology, this innovative feature makes ...

LAS VEGAS, Aug. 21, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today appointed Keith Barr, former CEO of IHG Hotels & Resorts (IHG), to the Company's Board of Directors. Barr becomes the 12th member of the board.Barr is a globally recognized leader in the hospitality industry, with more than 30 years of experience. He served as the CEO of IHG Hotels & Resorts between 2017 and 2023 and as IHG's Chief Commercial Officer between 2013 and 2017. In that time, Barr ...

MGM Resorts International (MGM) is likely to benefit from sports betting prospects, solid Las Vegas performance and license development projects. Also, its focus on the single account and wallet feature bodes well. However, elevated expenses are a concern.Let us discuss the factors that highlight why investors should retain this Zacks Rank #3 (Hold) stock for now.Factors Driving GrowthAdvancements in Digital Strategy: MGM made significant strides in advancing its digital strategy, which has become a corners ...

LAS VEGAS, Aug. 20, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been named a Pinnacle Inclusion Index Company in the 2024 Seramount Inclusion Index. Renowned as the preeminent organizational thought leaders to share best practices and develop innovative solutions for cultural change, Seramount's recognition underscores MGM Resorts' commitment to fostering an equitable and inclusive workplace across its operations."We are honored to be recognized for our co ...

文章核心观点 - MGM Resorts International与拉丁美洲最大媒体集团Grupo Globo建立战略联盟,旨在获得巴西体育博彩和互联网博彩牌照[1][2][3] - 这一合资公司将以BetMGM品牌运营,预计于2025年初正式上线[2] - 双方将结合MGM Resorts在游戏和娱乐领域的专业优势,以及Grupo Globo对巴西市场的深入了解,打造针对当地消费者偏好的优质产品[2][4] 巴西市场潜力 - 巴西拥有2000万以上的活跃博彩用户,市场规模超过30亿美元,且呈现双位数增长[3] - 这使得巴西成为国际游戏运营商的重点目标市场[3] 合资公司优势 - 将借助Grupo Globo每天接触近7000万巴西人的广泛媒体触达能力[4] - 结合MGM Resorts领先的技术和知名品牌,将打造出在竞争激烈的巴西市场脱颖而出的顶级博彩平台[4] 战略意义 - 进军巴西市场是MGM Resorts全球拓展战略的关键里程碑[5] - 如果成功,这一合资公司将为双方带来可观的价值,并为巴西消费者提供领先的博彩体验[6]

Strategic alliance pairs MGM Resorts' gaming expertise with Grupo Globo's superior reach and consumer knowledge in the Brazilian marketLAS VEGAS, Aug. 15, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") and Grupo Globo, Latin America's largest media group, today announced the formation of a new venture to seek a sports betting and iGaming license in Brazil. If its license is approved later this year, the new venture will launch in Brazil in early 2025 under the Be ...

MGM Resorts International's global expansion and partnership with Marriott continue to shape its growth potential.As the casino and hospitality industry bounces back from the challenges of the pandemic, MGM Resorts International (MGM -0.96%) continues to prove its strength. Record first-quarter earnings and innovative strategic expansions, including a lucrative partnership with Marriott International (MAR 1.01%), highlight its robust recovery and growth prospects. There's every indication the company might ...

diegograndi Above: MGM (NYSE:MGM) is an industry giant selling at an everyman's price. Mr. Market's negativity on MGM is rooted in, among other things, the debt load ($31b), but the current ratio sits at a reasonable 1.57. The company's global vision is hard to understand, for many investors don't care about what will be, but what is. Yet the company's US business has major footprints on the Vegas strip (13 properties total 31), the metro northeast and is a strong contender in the bidding on metro New York ...

MGM Resorts is generating cash and buying back stock, so why is the market worried?MGM Resorts (MGM -4.85%) reported solid numbers in the second quarter, but the stock dropped like a rock after earnings. What is the market seeing and why is this a buying opportunity? That's exactly what Travis Hoium covers in this video.*Stock prices used were end-of-day prices of Aug. 1, 2024. The video was published on Aug. 2, 2024. ...