Welcome to our dedicated page for Mgm Resorts news (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on Mgm Resorts stock.
MGM Resorts International (MGM) is a global leader in gaming, hospitality, and entertainment, operating iconic destinations like Bellagio and MGM Grand. This page provides investors and industry professionals with a centralized source for official announcements, financial updates, and strategic developments.
Access real-time press releases covering earnings reports, property expansions, leadership changes, and partnerships. Stay informed about regulatory developments, sustainability initiatives, and innovations like BetMGM’s digital gaming platform. Our curated feed ensures you never miss critical updates affecting market performance.
Key content includes quarterly financial disclosures, merger/acquisition alerts, and operational milestones across MGM’s global resorts. Bookmark this page for streamlined tracking of corporate governance changes, dividend announcements, and consumer trend adaptations in the evolving leisure sector.
MGM Resorts International and BetMGM have launched legalized sports betting at MGM National Harbor in Maryland. Governor Larry Hogan placed the state's first bet, marking a significant milestone after over a year of development. The BetMGM Sportsbook & Lounge features an 8,000 square foot area, state-of-the-art technology, and multiple betting options. This initiative is expected to boost local revenue for public education while enhancing MGM National Harbor's status as a premier entertainment destination.
MGM Resorts International will participate in Morgan Stanley's Virtual Global Consumer & Retail Conference on December 1, 2021. CFO Jonathan Halkyard is scheduled to speak at 1:40 p.m. Eastern Time. The session will be webcast live, accessible via the Events & Presentations section of the MGM Investor Relations website. MGM Resorts is a leading global entertainment company with a focus on immersive experiences and sustainable practices.
The Pac-12 Conference and Oak View Group announced US LBM as the exclusive naming rights partner for the inaugural Pac-12 Coast-to-Coast Challenge, presented by MGM Resorts International. The event will take place on Dec. 19 at T-Mobile Arena in Las Vegas and feature matchups including Stanford vs. Texas (men) and Arizona vs. Texas (women). Tickets are available now. This partnership aims to grow the event into a marquee national basketball showcase, highlighting both men's and women's collegiate teams.
MGM Resorts and Real Vision will host The Takeover, a premier blockchain conference from December 9-11, 2021, in Las Vegas. The event will take place at multiple MGM properties and is expected to attract over 500 attendees, featuring keynote speakers like Dan Morehead and Caitlin Long. Attendees will experience an array of immersive events including panels and after-parties. Additionally, an online experience will offer virtual sessions and access to exclusive content for thousands unable to attend in person.
On November 5, 2021, BetMGM launched its first retail sportsbook at Vee Quiva in Arizona, marking a significant expansion in the sports betting sector. This venue features 25 large screen displays and accommodates over 100 guests, along with 20 betting kiosks. BetMGM's CEO, Adam Greenblatt, highlighted this as a key development in their partnership with Gila River Hotels & Casinos. Additional sportsbooks are planned at Wild Horse Pass and Lone Butte, with the aim of enhancing the sports betting experience in Arizona.
BetMGM has announced the signing of former NFL running back Chris Johnson as its new brand ambassador. Johnson, renowned for his remarkable career and impressive statistics, will be featured in upcoming marketing campaigns and promotions. BetMGM is looking to enhance its presence in Tennessee and Arizona, leveraging Johnson's popularity to engage fans. The company emphasizes its commitment to responsible gaming education as it continues its expansion in the digital gaming landscape.
MGM Resorts International (MGM) reported strong financial results for Q3 2021, with consolidated net revenues of $2.7 billion, up 140% year-over-year. The company's operating income reached $1.9 billion, compared to a loss of $495 million in Q3 2020. Net income attributable to MGM was $1.4 billion, and diluted EPS was $2.77. MGM's liquidity position remains robust, with total liquidity of $9.8 billion. Notable developments include the acquisition of The Cosmopolitan of Las Vegas for $1.625 billion and continued focus on enhancing shareholder value.
MGM Resorts International (NYSE: MGM) is set to host the United Service Organization (USO) Experience - Salute to the Troops from November 4-8, 2021. This annual event honors 95 wounded warriors and includes exclusive experiences in Las Vegas. Activities will feature a welcome procession at The Mirage Resort & Casino, excursions to local attractions, and a concert at Nellis Air Force Base. CEO Bill Hornbuckle expressed gratitude for U.S. service members, emphasizing MGM's commitment to honoring their sacrifices through this program.
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