MGM Stock

BetMGM LLC, a major player in sports betting and iGaming in North America, has shared an update on its performance for Fiscal Year 2024. The company expects to achieve positive EBITDA in FY 2025, with projected net revenue between $2.4 billion and $2.5 billion, thanks to its strong iGaming offerings and improved player engagement. CEO Adam Greenblatt noted that 2024 focused on investment and regaining momentum for the company.

We have put together a list of the 12 Best S&P 500 Stocks to Invest in Based on Analyst Recommendations. In this article, we will examine how MGM Resorts International (NYSE:MGM) compares to other S&P 500 stocks. The year 2024 was significant for the overall market index, which saw an increase of […]

MGM Resorts, a large hotel and casino company, has decided to pay $45 million to resolve over a dozen class action lawsuits. This comes after hackers accessed personal information of millions of customers in two different cyberattacks.

MGM Resorts is a leading company in the resort and casino industry in the U.S. and Macau, with potential for growth in online gaming and a new resort planned in Japan. However, the market is treating it as a value stock, which might present a significant long-term opportunity.

MGM's BetMGM has teamed up with Fremantle to enhance its online casino by adding popular game show content. This partnership aims to bring well-known game shows to the online gaming experience.

Collaboration will create unique content and new show integrations. On January 19, 2025, BetMGM, a top operator in iGaming and sports betting, revealed a special online casino partnership with Fremantle, a company known for over a century of excellence in entertainment content creation and distribution.

MGM Resorts is a top player in the gaming industry on the Las Vegas Strip and in Macao, but the market hasn't recognized the company's cash flow or stock buybacks in the last year. In this video, Travis Hoium explains why this stock is undervalued and has great potential for growth, not just from buybacks but also in the long run.

MGM Resorts offers a chance to invest with a free cash flow yield of 13%, which could potentially double your investment in three years. This makes it an attractive option for investors looking for growth.

As of January 13, MGM Resorts stock (NYSE: MGM) is priced at $32 per share, which is about 36% lower than its peak of $50 reached on November 5, 2021, before inflation concerns. The company's performance has been affected by its operations in Macau, where business significantly declined in 2021 and 2022 due to strict Covid-19 restrictions that reduced the number of tourists visiting the area.