Key Details
Price
$33.96Last Dividend
$0.00Annual Revenue
$16.16 BAnnual EPS
$3.19Annual ROE
23.46%Beta
1.33Events Calendar
Next earnings date:
Feb 13, 2025Recent quarterly earnings:
Oct 30, 2024Recent annual earnings:
Feb 13, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 08, 2022Next split:
N/ARecent split:
May 19, 2005Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
UnitedHealth Group's stock has fallen more than 20% because of public criticism and political comments, but it may have a potential increase of 17-30%. IAC is still considered undervalued, while MGM Resorts shows great potential for growth due to its strong financial position and undervalued core gaming operations in the US. MGM's US gaming sector is valued at about 9 times its free cash flow, and its fair value indicates a possible increase of 25-43% when factoring in its investment in China.
MGM Resorts (MGM -1.50%) thrived after the pandemic as people returned to in-person entertainment following lockdowns and restrictions. However, with Las Vegas gambling reaching its highest levels, the company needs to explore new international markets for future growth.
LAS VEGAS, Dec. 5, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) has announced that Ari Kastrati has been promoted to Chief Content, Hospitality and Development Officer, starting now. In this position, Kastrati will manage the Company's worldwide design and development projects, as well as its sports and entertainment collaborations.
BetMGM, a top company in iGaming and sports betting, has improved its customer experience by combining BetMGM Reward Points (BRPs) into one account. This change allows for easier access to digital bonuses, MGM Rewards Points, Marriott Bonvoy Points, and more across the country. The announcement was made on November 25, 2024, in Jersey City, N.J.
MGM aims to grow by forming strategic partnerships and expanding internationally. Nevertheless, they are worried about the high costs involved.
Casino and gaming stocks have been bouncing back since they reopened after suffering greatly due to the COVID-19 pandemic. It's surprising, but Macau, the biggest gaming hub in the world, only fully reopened in February 2023 when China eased its strict zero-COVID policies after three years.
Over Veterans Day weekend, more than 100 injured service members and their guests will visit Las Vegas. MGM Resorts International will host the USO Experience: Salute to the Troops, which honors these active-duty service members starting on Friday, November 8. This event, now in its 14th year, will be held at Mandalay Bay Resort & Casino and will last for five days.
Exciting new activities have been announced for the unique race weekend at famous resorts along the Center Strip. For more details and to make reservations, click here and follow @MGMResortsIntl for updates. MGM Resorts International is ready to go all out for the second round of the Las Vegas Grand Prix, offering a variety of events to entertain fans before and during the race weekend.
This entertainment company has strong fundamentals, but the market's response to its earnings is misinterpreting its potential.
MGM's revenue for the third quarter shows significant support from MGM China, resorts on the Las Vegas Strip, and regional operations.
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