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MGM Resorts International (MGG.SG)

35.34

+1.22

(+3.59%)

At close: September 27 at 9:31 PM GMT+2

Casino Stocks Advance Further on Optimism About China's Stimulus Moves

Shares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International have been lifted by China's measures to boost its economy.

Investopedia yesterday

WYNN

MS-PQ

LVS
Macau High Rollers Boost These Casino Stocks. Here's Why.

Macau is seeing a resurgence in gambling as wagers already outpace 2023 bets. The number of high rollers is rising. Casino stocks jump.

Investor's Business Daily 2 days ago

MAR

LVS

MGM
MGM Resorts International (MGM): Balancing Las Vegas Dominance with Macao’s Rebound

We recently published a list of 10 Best Hotel Stocks To Buy Now. In this article, we are going to take a look at where MGM Resorts International (NYSE:MGM) stands against other best hotel stocks. According to Cognitive Market Research, the size of the global hotel market was $784.82 billion in 2023 and is projected […]

Insider Monkey 2 days ago

MGM
DraftKings (DKNG) Soars 5.0%: Is Further Upside Left in the Stock?

DraftKings (DKNG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Zacks 2 days ago

DKNG

MGM
US gambling market will balloon to more than $60 billion by 2030, FanDuel owner Flutter says

Flutter stock soared to an all-time high Wednesday as the company said it expects the US gambling market to grow by nearly 60% more than previously forecast.

Yahoo Finance 3 days ago

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FLUT

MGM
MGM Resorts International Chief Financial Officer to Speak at Deutsche Bank Conference

MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the Deutsche Bank 32nd Annual Leveraged Finance Conference on Tuesday, September 24, 2024. MGM Resorts CFO and Treasurer Jonathan Halkyard will speak at a session scheduled to begin at 8:00 a.m. PT. A live webcast of the session will be available under the Events & Presentation section of the MGM Investor Relations website at http://investors.mgmresorts.com

PR Newswire 8 days ago

MGM
We Ran A Stock Scan For Earnings Growth And MGM Resorts International (NYSE:MGM) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Simply Wall St. 8 days ago

MGM
A Look Back at Casino Operator Stocks’ Q2 Earnings: Red Rock Resorts (NASDAQ:RRR) Vs The Rest Of The Pack

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the casino operator stocks, including Red Rock Resorts (NASDAQ:RRR) and its peers.

StockStory 9 days ago

RRR

GDEN

MGM
Dow, S&P 500 notch record closes, Nike's CEO is out: Market Domination Overtime

US stocks continued to rally as investors digested the Federal Reserve's rate cut with the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) closing at record highs. Josh Lipton and Julie Hyman take a look back at the day's market moves and the top trends on investors' minds on Market Domination Overtime. Morgan Stanley Investment Management co-CIO of global balanced funds Jim Caron joins to discuss the Fed's move and what it means for markets. Amid the artificial intelligence (AI) boom, power has become a key concern given the energy-intensive demands of data centers. Schneider Electric (SU.PA, SBGSY) CEO Peter Herweck sits down with Yahoo Finance to discuss the energy needs of AI infrastructure and how it's driving demand. After Nike (NKE) announces its CEO, John Donahoe, is stepping down to be succeeded by Elliott Hill, Yahoo Finance executive editor Brian Sozzi joins the Market Domination Overtime team to examine what the news means for the company and its investors. MGM Resorts International (MGM) president and CEO Bill Hornbuckle outlines the hotel-casino operator's performance and outlook for Yahoo Finance. This post was written by Naomi Buchanan.

Yahoo Finance Video 9 days ago

MGM

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MGM says event activity has 'never been stronger' in Las Vegas

MGM Resorts International (MGM) President and CEO Bill Hornbuckle joins Josh Lipton from the Skift Global Forum to discuss the hotel-casino operator's performance and outlook. While investors worry if Las Vegas has hit its peak, Hornbuckle explains that it ebbs and flows. He notes that MGM had an "amazing year" in 2023 and kicked off 2024 strong with major events like the Super Bowl and Formula 1 racing. He adds that the company's convention business remains strong, and that event activity "has never been stronger." "Our ability as a destination to run in the low 90s has never ceased. Even during the 2008 Great Recession, it went down to 82%. So driving traffic, driving people is kind of what we do, and we do it well," Hornbuckle says. While inflation has pressured the consumer, Hornbuckle highlights that MGM has continued to see success among higher-end consumers: "Our ability to drive event activity, drive average rates on the weekends has been very strong. Although other side of the spectrum, we have eight regional casinos, all performing on par as best as they've ever performed. And so obviously that tends to attract a different clientele base." He adds that over half of MGM's visitation comes from event activity, saying, "People have always wanted and needed an excuse to come to Las Vegas, and we continue to provide it." He points to the success of Allegiant Stadium, as it puts on events from football games to Taylor Swift concerts. Amid a weak economy in China, Hornbuckle explains the company has reached a "plateau" in the market. He expects the value of Macau's betting market to fall to $25 or 26 billion from its pre-pandemic $35 billion. "Our particular company has plateaued in terms of share. We now enjoy mid-teens in terms of market share. So we're equally as excited by that," he says. With competition from names like FanDuel (FLUT) and DraftKings (DKNG), Hornbuckle argues that what sets MGM apart is its ability to "bring things to life, to then bring you to Las Vegas." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl

Yahoo Finance Video 9 days ago

MGM
PEPSI® Dig In Brings Pinky Cole Hayes's Slutty Vegan and Five More Restaurants to Las Vegas For the First Time as Part of Culinary Residency Program at MGM Resorts International

PEPSI® Dig In, a platform designed to drive access, business growth and awareness for underserved restaurants, is bringing six all new dishes with four new crafted cocktails to Las Vegas for its third annual Restaurant Royalty Residency. Starting September 21, MGM Resorts International's Fan District at Mandalay Bay Resort and Casino and Luxor Hotel & Casino will be the only place to experience the limited-edition menu items, showcasing concepts from some of the best restaurants from across the

PR Newswire 9 days ago

MGM
MGM's BetMGM Expands Reach With USA TODAY Sports Partnership

MGM Resorts' BetMGM inks a multi-year deal with USA TODAY Sports to deliver integrated sports betting odds and information across a vast network.

Zacks 11 days ago

MGM

NCLH

RCL
Is MGM Resorts International (NYSE:MGM) the Best Las Vegas Stock To Buy Now?

We recently compiled a list of the 11 Best Las Vegas Stocks To Buy Now. In this article, we are going to take a look at where MGM Resorts International (NYSE:MGM) stands among the best Las Vegas stocks to buy now. The gambling industry is growing throughout the globe, with the United States being one […]

Insider Monkey 12 days ago

MGM
Is MGM Resorts International (NYSE:MGM) The Most Undervalued Travel Stocks to Buy According to Hedge Funds?

We recently compiled a list of the 12 Most Undervalued Travel Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where MGM Resorts International (NYSE:MGM) stands against the other undervalued travel stocks. The travel industry has rapidly evolved, with the leading businesses witnessing healthy growth and […]

Insider Monkey 14 days ago

MGM
MGM Resorts International (MGM): Analysts Are Bullish On This Undervalued Cyclical Stock Now

We recently compiled a list of the 10 Undervalued Cyclical Stocks to Buy According to Analysts. In this article, we are going to take a look at where MGM Resorts International (NYSE:MGM) stands against the other undervalued cyclical stocks. Economic growth in the U.S. surpassed forecasts in the second quarter, driven by robust consumer demand and […]

Insider Monkey 14 days ago

MGM
MGM Resorts Signs Agreement to Increase Renewable Energy Use

MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") is making a bold leap toward its ambitious sustainability goals, signing a power purchase agreement with Escape Solar LLC that will more than double its access to clean solar electricity—an extraordinary stride toward a greener future. The agreement will help propel the Company closer to its goal of procuring 100% renewable electricity in North America by 2030. Already a global leader in sustainability with the world's larges

PR Newswire 16 days ago

MGM
Zacks Investment Ideas feature highlights: DraftKings, Flutter Entertainment, MGM Resorts and Bank of America

DraftKings, Flutter Entertainment, MGM Resorts and Bank of America have been highlighted in this Investment Ideas article.

Zacks 18 days ago

DKNG

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FLUT
Trending tickers: Apple, Nio, Alibaba, Entain and Dell

The latest investor updates on stocks that are trending on Monday.

Yahoo Finance UK 19 days ago

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NIOIF

GMVHF
Casino Operator Stocks Q2 Recap: Benchmarking Monarch (NASDAQ:MCRI)

As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, including Monarch (NASDAQ:MCRI) and its peers.

StockStory 23 days ago

MCRI

GDEN

PENN
Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say

New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to. The state Division of Gaming Enforcement said the casino was ordered to pay the full amount of taxes due, with penalties and interest totaling $1.3 million. The money has already been paid, including a $75,000 civil penalty, the state said.

Associated Press Finance 23 days ago

MGM

Performance Overview

Return	MGG.SG	S&P 500
YTD	-12.78%	+20.30%
1-Year	+1.99%	+34.27%
3-Year	-8.12%	+28.79%

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MGM Resorts International (MGG.SG)

Casino Stocks Advance Further on Optimism About China's Stimulus Moves

Macau High Rollers Boost These Casino Stocks. Here's Why.

MGM Resorts International (MGM): Balancing Las Vegas Dominance with Macao’s Rebound

DraftKings (DKNG) Soars 5.0%: Is Further Upside Left in the Stock?

US gambling market will balloon to more than $60 billion by 2030, FanDuel owner Flutter says

MGM Resorts International Chief Financial Officer to Speak at Deutsche Bank Conference

We Ran A Stock Scan For Earnings Growth And MGM Resorts International (NYSE:MGM) Passed With Ease

A Look Back at Casino Operator Stocks’ Q2 Earnings: Red Rock Resorts (NASDAQ:RRR) Vs The Rest Of The Pack

Dow, S&P 500 notch record closes, Nike's CEO is out: Market Domination Overtime

MGM says event activity has 'never been stronger' in Las Vegas

PEPSI® Dig In Brings Pinky Cole Hayes's Slutty Vegan and Five More Restaurants to Las Vegas For the First Time as Part of Culinary Residency Program at MGM Resorts International

MGM's BetMGM Expands Reach With USA TODAY Sports Partnership

Is MGM Resorts International (NYSE:MGM) the Best Las Vegas Stock To Buy Now?

Is MGM Resorts International (NYSE:MGM) The Most Undervalued Travel Stocks to Buy According to Hedge Funds?

MGM Resorts International (MGM): Analysts Are Bullish On This Undervalued Cyclical Stock Now

MGM Resorts Signs Agreement to Increase Renewable Energy Use

Zacks Investment Ideas feature highlights: DraftKings, Flutter Entertainment, MGM Resorts and Bank of America

Trending tickers: Apple, Nio, Alibaba, Entain and Dell

Casino Operator Stocks Q2 Recap: Benchmarking Monarch (NASDAQ:MCRI)

Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say

Performance Overview