MGM Resorts International (MGM)
|Net Income (ttm)||1.43B|
|Trading Day||January 26|
|Day's Range||29.54 - 30.31|
|52-Week Range||7.14 - 33.40|
These casino stocks have had it tough in the past year, but should bounce back as the economy re-opens in the U.S. and other gambling spots. The post 3 Casino Stocks That Could Make a Comeback...
PLAYSTUDIOS Expands Partnership With MGM Resorts International, Adds MGM Springfield To playAWARDS Loyalty Platform
LAS VEGAS, Jan. 25, 2021 /PRNewswire/ -- Award-winning mobile game developer PLAYSTUDIOS is expanding its groundbreaking partnership with hospitality and entertainment icon MGM Resorts Interna...
MGM Resorts' (MGM) BetMGM supports retail offerings in Michigan with the launch of its sports betting and iGaming application.
It's doing so with a partner that recently spurned its advances.
MGM Resorts International (NYSE: MGM) announced Tuesday that it will not submit a revised proposal for Entain, its BetMGM joint venture partner. While this means MGM Resorts International's ow...
Deals Report: MGM Walks Away From Entain, Lumentum Buys Coherent
Jan.19 -- In this edition of "Deals Report," Bloomberg's Ed Hammond takes a look at why MGM Resorts International decided not to make a firm offer for Entain Plc and discusses Lumentum Holding...
With sports returning to life, the growth of sports betting stocks proves that live sports is an economic and entertainment proposition. The post 8 Sports Betting Stocks Ready for Sports Resur...
A big buyout in online gambling appears to be off the table.
MGM Resorts International said it's pulling the plug on its bid to acquire the gaming platform Entain, which is its BetMGM partner. After Entain rejected the company's all-stock proposal, MGM ...
The sports-betting company's asking price was too high, several sources say.
MGM Resorts International said it doesn't plan to submit a revised proposal to buy Entain , the U.K. sports betting and gambling company. Entain shares dropped 15% in London action.
LAS VEGAS, Jan. 14, 2021 /PRNewswire/ -- On Monday, Jan. 18, the Las Vegas community will come together, virtually, to participate in the 39th annual Dr. Martin Luther King, Jr. Parade. MGM Re...
A recovery in the gambling enclave has only been hinted at, but this could prolong the suffering.
Recently, MGM Resorts made an offer to acquire Entain plc at 1,383 pence per share for a value of just over $11 to expand its presence in the global sports betting and iGaming industry. Per it...
Ladbrokes-owner Entain Plc said on Monday its Chief Executive Officer Shay Segev would leave the company, days after the gambling firm rejected an $11 billion takeover approach from U.S. casin...
2021 might be a great year to bet on gambling stocks.
Is now the time for investors to roll the dice on this struggling casino stock?
BJK: Betting On Bettors, Now And Post-Covid
Bulls bet on MGM
"Halftime Report" trader Pete Najarian spots unusual activity in MGM
Casino operator MGM Resorts International said on Friday its largest shareholder, InterActiveCorp, supports its $11 billion takeover approach for Ladbrokes owner Entain Plc.
LAS VEGAS, Jan. 8, 2021 /PRNewswire/ -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONST...
Selling part of its 56% stake in MGM China would give the resort operator money to pursue other opportunities.
MGM Resorts has rebounded on hopes that Covid vaccines will revive casinos. But is MGM stock a buy now?
LAS VEGAS, Jan. 6, 2021 /PRNewswire/ -- The MGM Resorts International ("MGM Resorts") (NYSE: MGM) Board of Directors acknowledges Snow Lake Capital's letter related to MGM China Holdings Limit...
Gov. Cuomo to embrace online betting --- says New York could be 'largest sports wagering market in the United States'
Is a huge buyout a shrewd move or an overpay for MGM Resorts?
HONG KONG--(BUSINESS WIRE)--Snow Lake Capital Limited, a leading Asian alternative investment management firm with over US$3 billion in assets under management, today sent a letter to the MGM ...
Recovery in China's gambling mecca is taking longer than expected.
MGM Resorts' (MGM) BetMGM continues to expand sports betting footprint. The company has launched its sports betting app in Iowa.
The casino operator is trying to take full ownership of a sports betting partner.
If corporate travel is delayed, estimates need to be lowered: Analyst
Patrick Scholes of Truist joins CNBC's Kelly Evans to break down why recovery in corporate travel is crucial for the sector overall. For access to live and exclusive video from CNBC subscribe ...
MGM Resorts International Responds And Clarifies News Reports Related To A Possible Offer For Entain plc
LAS VEGAS, Jan. 4, 2021 /PRNewswire/ -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITU...
MGM Resorts (MGM) continues to focus on sports-betting expansion. BetMGM announces new bid to purchase U.K.-based gaming company Entain.
The companies' BetMGM online sports betting venture has been expanding quickly in the U.S.
In a report on Sunday, the Wall Street Journal said that MGM Resorts International (NYSE: MGM) plans on buying Entain plc. The agreement with the British gaming company, the report added, will...
The casino operator is in a good position for this year in more ways than one.
MGM Resorts International is attempting to buy the owner of British gambling brand Ladbrokes, making it the latest US casino operator to place a significant wager on the fast-growing online be...
A combination could create one of the few large gaming companies in the world with a significant online and bricks-and-mortar presence. It would follow other recent consolidation in the industry.
(Reuters) -Ladbrokes owner Entain Plc said on Monday an $11 billion bid proposal from U.S. casino operator MGM Resorts significantly undervalued its business in the latest transatlantic move i...
MGM Resorts International is trying to acquire Entain, the British parent of major online-gambling player Ladbrokes, the Wall Street Journal reports. The Journal said the cash and stock offer ...
These gambling stocks to buy are poised for a recovery and possible strong gains in 2021 as a return to normal conditions is expected. The post 4 Gambling Stocks Set for a Bull Run in 2021 app...
Casinos were shut down for part of the year but online gambling was the real focus for investors.
These established businesses are well-positioned to benefit from ongoing trends in 2021.
MGM has tapped two investment banks and started a formal sale process, looking to generate heat from Hollywood studios, international conglomerates, private equity firms and the growing multit...
Airbnb delivered great profits quickly, but now there are several hotel stocks to consider for a recovery in the travel industry. The post 3 Hotel Stocks That Are the Biggest Threats to Airbnb...
Despite positive news on the vaccine front, investors were a bit concerned that a flare up in the U.K. could be a sign of deeper problems.
MGM Resorts (MGM) and GVC Holdings' joint venture Roar Digital's sports betting brand - BetMGM - continues to focus on sports betting expansion.
Betting online may be the future of sports gambling.
MGM Resorts (MGM) closed at $31.67 in the latest trading session, marking a +1.77% move from the prior day.
MGM Resorts (MGM) is likely to benefit from continuous investment in Macau and sports betting expansion.
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots, table games, and race and sports book wagering. As of March 22, 2020, its portfolio consisted of 29 hotel and destination gaming of... [Read more...]
Resorts & Casinos
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In 2019, MGM Resorts's revenue was $12.90 billion, an increase of 9.66% compared to the previous year's $11.76 billion. Earnings were $2.05 billion, an increase of 339.00%.
According to 16 analysts, the average rating for MGM Resorts stock is "Hold." The 12-month stock price forecast is 27.61, which is a decrease of -6.69% from the latest price.