MGM Resorts International(MGM)

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Here's Why MGM Resorts (MGM) is a Strong Value Stock
zacks.com· 2024-05-22 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?D ...
Will Macau Recovery Help Drive MGM Stock Back To $50?
forbes.com· 2024-05-21 10:30
A man walks in front of the Cotai's MGM hotel resort in Macau on March 15, 2023. (Photo by Eduardo ... [+] Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images)AFP via Getty ImagesMGM Resorts stock currently trades at $41 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region. Now th ...
BetMGM Sponsors Progressive Jackpot During Wheel of Fortune's "Big Money Week"
Prnewswire· 2024-05-17 14:00
Episodes to feature iconic game show's first-ever nightly progressive jackpot tied to Bonus Round prizing Click here to download creative assets JERSEY CITY, N.J., May 17, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, will celebrate Wheel of Fortune's 8,000th episode during the legendary game show's "Big Money Week" scheduled to air May 20-24. For the first time in the history of the wildly successful syndicated game show, there will be a Nightly Progressive Jackpot sponsored b ...
Should Value Investors Buy MGM Resorts International (MGM) Stock?
Zacks Investment Research· 2024-05-14 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...
Former MGM Grand casino president to be sentenced for failing to report bookie's bets
CNBC· 2024-05-08 16:35
Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada.The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino.Scott Sibella, the ex-MGM executive, pleaded guilty in January in the case in U.S. District Court in Los Angeles to one count of failure to fi ...
MGM: Record Q1 Consolidated Revenue, Shares Undervalued
Seeking Alpha· 2024-05-07 19:01
Matthew Fowler Data from the TSA shows continued record traveler volume. Individuals and families are venturing around the country and abroad, all while business events seem to be booming. That is good news for firms in the Casinos and Gaming industry. What's more, as more individuals place bets electronically, there’s a broad tailwind for firms operating online sports and iGaming. I have a buy rating on MGM Resorts International (NYSE:MGM). I see the stock as undervalued with earnings stabilizing at a ...
MGM Resorts International: A Promising Investment Opportunity
Seeking Alpha· 2024-05-07 13:41
halbergman Investment Thesis MGM Resorts International (NYSE:MGM) stock is down by about 6.17% over the last year, trailing the S&P 500 by a margin of about 31.52%. Seeking Alpha Despite the underwhelming performance, I am bullish on this stock given the company's strong financial performance which I believe will amount to solid fundamentals, hence bullish sentiments in the market. In addition, the company has an impressive strategic expansion, which bodes well for its long-term growth. From a valuation and ...
Why MGM Resorts (MGM) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-05-06 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...
MGM Resorts' (MGM) Q1 Earnings & Revenues Top Estimates
Zacks Investment Research· 2024-05-02 15:56
MGM Resorts International (MGM) reported impressive first-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside was driven by solid performances at MGM China and luxury resort properties in Las Vegas. Following the results, the stock moved up 3.5% during the after-hours trading session.Earnings & Revenue DiscussionMGM Resorts reported earnings per share (EPS) of 74, outpacing the Zacks Consensus ...
MGM Resorts International(MGM) - 2024 Q1 - Earnings Call Transcript
2024-05-02 00:26
MGM Resorts International (NYSE:MGM) Q1 2024 Earnings Call Transcript May 1, 2024 5:00 PM ET Company Participants Andrew Chapman - Director, Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Corey Sanders - Chief Operating Officer Kenneth Feng - President and Executive Director, MGM China Hubert Wang - COO and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santar ...