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MGM Resorts International - MGM STOCK NEWS

Welcome to our dedicated news page for MGM Resorts International (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on MGM Resorts International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MGM Resorts International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MGM Resorts International's position in the market.

News
BETMGM DEBUTS NEW RESPONSIBLE GAMING SPOT FEATURING NHL STAR CONNOR MCDAVID
Rhea-AI Summary
BetMGM launches a new ad featuring NHL MVP Connor McDavid emphasizing responsible gaming tools. The ad will be broadcasted on digital platforms in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.47%
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News
MGM Resorts International CEO and CFO to Speak at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum
Rhea-AI Summary
MGM Resorts International will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 14, 2024. CEO Bill Hornbuckle and CFO Jonathan Halkyard will speak at the session, available via live webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
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conferences
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News
MGM RESORTS & BETMGM STRENGTHEN RELATIONSHIP WITH KINDBRIDGE, FURTHERING SUPPORT FOR PROBLEM GAMBLING RESEARCH & TREATMENT
Rhea-AI Summary
MGM Resorts and BetMGM partner with Kindbridge to support problem gambling research and mental health services, with MGM donating $100,000 for a medication trial for veterans with gambling addiction.
Rhea-AI Impact
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End-of-Day
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News
MGM RESORTS INTERNATIONAL LISTED ON PRESTIGIOUS CDP A-LIST
Rhea-AI Summary
MGM Resorts International (MGM) has been recognized by CDP for environmental leadership, securing a spot on the prestigious A List. This acknowledgment highlights MGM's commitment to sustainability and environmental stewardship, placing them among the top 0.015% of reporting companies globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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News
MGM China Reports 2023 Annual Results
Rhea-AI Summary
MGM China Holdings Limited reports record-high performance across segments, with significant growth in market share and margin. The company's financial data for 2023 shows strong recovery in Macau, with impressive increases in daily visitor arrivals and gross gaming revenue. MGM China's net revenue grew by 369% from 2022, reaching HK$24.7 billion, and adjusted EBITDA hit a historical high of HK$7.2 billion, representing 117% of 2019 levels. The company's market share increased to 15.2% in 2023, up from 9.5% in 2019, with improved EBITDA margin of 29.3%. Quarterly performance also showed consistent growth, with fourth-quarter adjusted EBITDA up 16% from the previous quarter. The company maintained a healthy financial position with total liquidity of approximately HK$21.5 billion as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.32%
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News
MGM RESORTS INTERNATIONAL REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2023 RESULTS
Rhea-AI Summary
MGM Resorts International reports record full year and fourth quarter net revenue and Adjusted Property EBITDAR. The company achieved $2.3 billion in share repurchases in 2023, expanded its senior secured credit facility, and saw positive financial growth in Las Vegas Strip Resorts and MGM China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.26%
Tags
earnings
News
BRUNO MARS DEBUTS THE PINKY RING WITH EXCLUSIVE PARTY AND PERFORMANCE AT BELLAGIO RESORT & CASINO
Rhea-AI Summary
Global superstar Bruno Mars debuts The Pinky Ring, a new entertainment lounge in Las Vegas, with an exclusive party and performance featuring celebrity guests like Janelle Monáe, Lady Gaga, and Babyface. The venue promises a glamorous experience curated by Bruno Mars himself.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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News
BetMGM and X Sign Exclusive Sports Betting Partnership
Rhea-AI Summary
BetMGM partners with a major social media platform to integrate live sports betting odds, expanding reach to engaged audience. Users can access betting odds on pro football with plans to include other sports. The partnership aims to enhance user experience and promote responsible gaming.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
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partnership
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News
BETMGM FY23 UPDATE: FY23 NET REVENUE FROM OPERATIONS OF $1.96 BILLION AT TOP END OF GUIDANCE
Rhea-AI Summary
BetMGM, LLC reported a strong financial performance for FY 2023, with a 36% year-over-year growth in net revenue from operations, reaching $1.96 billion. The company achieved positive EBITDA in the second half of 2023. It also expanded its presence in four new markets and secured market access with Charlotte Motor Speedway. BetMGM was recognized as Digital Operator of the Year and Online Casino of the Year, among other awards. The company aims to target approximately $500 million of EBITDA in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
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News
ENTAIN AND MGM RESORTS INTERNATIONAL
Rhea-AI Summary
BetMGM, LLC, a leading sports betting and iGaming operator in the U.S., jointly owned by MGM Resorts International and Entain plc, will release an update on its FY 2023 performance. The update will be released on February 8, 2024. MGM Resorts International and Entain Group will also release their Q4 and FY 2023 results on February 13th and March 7th, 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
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MGM Resorts International

OTC:MGM

MGM Rankings

#675 Ranked by Market Cap
#2217 Ranked by Stock Gains
N/A Ranked by Dividends

MGM Stock Data

13.47B
251.50M
21.21%
69.15%
4.23%
Casino Hotels
Accommodation and Food Services
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Las Vegas

About MGM

the resorts and casinos of mgm resorts international™ are some of the most famous in the world. our 23 destinations are renowned for their winning combination of quality entertainment, luxurious facilities and exceptional customer service. we are actively expanding our presence globally, with potential developments in a number of domestic and international markets. at mgm resorts international, we are all striving together to deliver an enticing blend of entertainment to every corner of the world. many of our resorts are located in las vegas. las vegas features three of the largest convention centers in the u.s., spectacular entertainment, attractions, shopping and world-famous resorts. whether dancing fountains, incredible stage productions, casino action, museums or natural attractions such as lake mead, vegas offers something for everyone. a stroll down our streets takes you around the globe, with recreations like climbing to the top of the eiffel tower or taking a venetian gondola