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 ...

MGM Resorts International (MGM) has taken a significant step forward in its global expansion strategy by forming a strategic alliance with Grupo Globo, the largest media group in Latin America. Together, the companies aim to secure a sports betting and iGaming license in Brazil, one of the most promising emerging markets in the gaming industry.The newly established venture will launch under the BetMGM brand if the license is approved later this year, with plans to go live in early 2025. By combining MGM Res ...

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 ...

Core Viewpoint - MGM is currently undervalued in the market despite its strong fundamentals and global presence, with a significant debt load of $31.3 billion being a primary concern for investors [1][4][7]. Financial Performance - MGM's total revenue for 2023 is projected at $16.16 billion, up from $12.87 billion in 2019, with a forecast of $16.67 billion for 2024 [8]. - The company has a current ratio of 1.57, indicating reasonable short-term financial health [1][7]. - Long-term debt, including capital net leases, stands at $31.3 billion, with a debt-to-equity ratio of 1.8 [7]. Market Position and Strategy - MGM has a strong presence in the U.S. casino market, particularly on the Vegas Strip, and is expanding its footprint internationally, including Macau and Japan [1][6]. - The company operates the third-largest sports betting platform in the U.S., BetMGM, which is now profitable [8]. - MGM's strategy includes partnerships and acquisitions, such as the acquisition of Scandinavian sports betting platform LeoVegas for $607 million [4][6]. Management and Leadership - The leadership of CEO Bill Hornbuckle, who has a solid background in the gaming industry, is viewed positively, contributing to the company's resilience during crises [3][4]. - Recent management purchases of 210,000 shares indicate confidence in the company's future [6]. Analyst Sentiment and Valuation - Analyst consensus price targets for MGM range from $56 to $66, with some valuations suggesting it is 43% undervalued [8]. - The company is seen as a "sleeping giant" in the sector, with potential for significant price appreciation as market sentiment shifts [8].

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. ...

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. (NASDAQ: INSE), a leading provider of B2B gaming content, technology, hardware, and services, and BetMGM, a leading iGaming and sports betting operator, announced today that the innovative Hybrid Dealer® game MGM Bonus City is now available in Michigan. The game debuted in October 2023 in New Jersey and is available exclusively at BetMGM Casino. “MGM Bonus City is an immersive experience for players and Inspired did a fantastic job com ...