MGM Resorts International is a global hospitality and entertainment company that operates a diverse portfolio of destination resorts, casinos, and hotels, primarily in the United States and Macau
The company is renowned for its luxurious accommodations, expansive gaming facilities, and a wide range of dining, entertainment, and leisure options, catering to both leisure and business travelers. MGM Resorts focuses on providing a unique guest experience with its iconic properties, rich entertainment offerings, and commitment to sustainability and community engagement. Through its various brands and innovative experiences, the company aims to create memorable moments and a vibrant atmosphere for its guests.
The College Basketball Crown today announced MGM Resorts International, a global hospitality and entertainment leader, as an Official Partner of the highly anticipated post-season tournament. The partnership, brokered by AEG Global Partnerships, positions MGM Resorts and its multiple properties at the heart of one of college basketball’s most exciting new events, set to take place in Las Vegas next month.
Amazon.com Inc (NASDAQAMZN) has secured creative control over the James Bond series through a new partnership with Michael G. Wilson and Barbara Broccoli.
Amazon MGM Studios has taken over the creative control of the James Bond franchise, marking a major shift for the legendary spy series, while Amazon founder Jeff Bezos has fueled speculation about the next 007 by asking fans for their picks.
Let's take a look at the S&P500 stocks that are experiencing notable price gaps in today's session on Tuesday. Discover the gap up and gap down stocks in the S&P500 index.
Shares of hospitality and casino entertainment company MGM Resorts (NYSEMGM)
jumped 18.2% in the afternoon session after the company delivered solid fourth quarter results, surpassing analysts' EPS expectations while posting a slight revenue beat. Revenue growth was roughly flat year on year, primarily due to a 6% drop in Las Vegas Strip Resorts revenue, which faced a tough comparison against the prior year's Formula 1 event. However, strength in regional operations and MGM China helped offset some of this weakness, with regional casino revenue rising 7% and MGM China revenue increasing 4%.
Margins were mixed. Adjusted EBITDA missed expectations by a wide margin, as lower earnings from the Las Vegas Strip weighed on overall profitability. However, steady performance in regional and international markets helped limit the downside. Despite this, adjusted EPS came in at $0.45, beating Wall Street expectations.
Curious about the top performers within the S&P500 index in the middle of the day on Thursday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Thursday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
The gambling and resort giant delivered a strong quarterly earnings beat driven by growth in its online and regional segments, despite headwinds in Las Vegas.
Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
Market indexes fought back courageously today, after sinking an hour before the opening bell on hotter-than-expected Consumer Price Index (CPI) numbers.
Hospitality and casino entertainment company MGM Resorts (NYSEMGM) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $4.35 billion. Its non-GAAP profit of $0.45 per share was 33% above analysts’ consensus estimates.
