MGM Stock Recent News

MGM's Q4 2024 performance is likely to have benefited from strategic customer pricing initiatives, omnichannel strategy and Marriott Bonvoy collaboration.

MGM Resorts International's stock is stable between $33.23 and $46.60, supported by strong revenue, EBITDA, and a value P/E of 10.63. Global expansion includes a $8 billion Japan project, financed by cheaper debt, showcasing a solid financial profile. BetMGM holds an 11% share in the U.S. sports betting market, trailing FanDuel (35%) and DraftKings (32%).

BetMGM announces fiscal 2024 performance update. MGM envisions bright prospects thanks to the robust trends for its BetMGM brand.

MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Entain PLC jumped over 9% on Tuesday after joint-owned BetMGM said it expected to turn profitable over the coming year. Though losses before interest, taxes, depreciation and amortization widened from US$62 million to US$244 million in 2024, a positive figure was expected this year, it said Tuesday.

2024 strategic refinement and delivery underpins confidence of positive EBITDA in 2025 LAS VEGAS , Feb. 4, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Fiscal Year 2024 ("FY 2024") performance. BetMGM's leading iGaming offering, strengthened sports product and enhanced player engagement delivered accelerating growth and performance metrics through 2024 Inflection in Online Sports strategy drives expectation of positive Contribution1 in FY 2025 FY 2025 expected to be EBITDA1 positive with Net Revenue1 of $2.4 billion to $2.5 billion Reiterate confidence in our pathway to $500 million EBITDA supported by scale, revenue growth and operational leverage Adam Greenblatt, Chief Executive Officer of BetMGM, commented: "2024 was a year of investment and rebuilding of momentum

Hotel and casino giant MGM Resorts has agreed to pay $45 million to settle more than a dozen class action lawsuits after hackers stole personal data on millions of customers in two separate cyberattacks.

MGM Resorts (MGM 1.52%) is one of the dominant resort and casino companies in the U.S. and Macau with growth opportunities in online gaming an upcoming resort in Japan. But the market is pricing this like a value stock, which could be a major opportunity long-term.

MGM's BetMGM partners with Fremantle to expand its online casino with iconic game show content.

Collaboration will bring bespoke content and never-before-seen show integrations JERSEY CITY, N.J. , Jan. 19, 2025 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, announced today a new and exclusive online casino rights partnership with Fremantle, a world leader in creating, producing and distributing entertainment content for over 100 years.