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MGM Resorts (MGM) focuses on omni-channel marketing offerings to drive growth. However, a volatile macroeconomic environment is a concern.
The economy seems to have entered a “golden” period of strong growth, a solid labor market, rising incomes, falling interest rates, and declining inflation. In this “best-of-all-worlds” environment, consumer discretionary stocks should thrive.
MGM Resorts' (MGM) BetMGM and National Hockey League announce a North American multi-year partnership extension featuring BetMGM's branding in the United States.
Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. For example, Microsoft (NASDAQ: MSFT ) stock was lifted by tremendous optimism about the revenue that it will generate from AI.
MGM stock has undergone a meaningful retreat from its summer high. How much September's cyberattack has contributed to this is open to debate, but the impact on its business should prove transient. Business in Macau has recovered from harsh COVID containment policies in Greater China, while Vegas is otherwise booming outside of September's blip.
MGM Resorts' (MGM) sports betting and iGaming partner BetMGM provides business update.
MGM Resorts International (NYSE:MGM ) BetMGM Business Update Conference Call December 4, 2023 11:00 AM ET Company Participants Adam Greenblatt - CEO, BetMGM Gary Deutsch - CFO, BetMGM Conference Call Participants Ed Young - Morgan Stanley Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Brandt Montour - Barclays Joe Thomas - HSBC Robin Farley - UBS Chad Beynon - Macquarie Joe Stauff - Susquehanna Operator Good day and welcome to the 2023 BetMGM Business Update. Joining from the Company today are Adam Greenblatt, Chief Executive Officer and Gary Deutsch, Chief Financial Officer.
Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts , Hollywood Casino at Greektown operated by Penn Entertainment and MotorCity Casino, Unite Here union said on Saturday.
With both the Chinese gambling hub of Macau and Las Vegas casinos doing very well, this is an excellent time to buy the top gambling stocks. In Macau, gross gaming revenue (GGR) soared 400% last month versus the same period in 2022 to $2.42 billion.
MGM Resorts International (NYSE:MGM ) Bank of America Leveraged Finance Conference Call November 28, 2023 3:30 PM ET Company Participants Jonathan Halkyard - CFO & Treasurer Conference Call Participants James Kayler - Bank of America Merrill Lynch James Kayler I think there might be a few more people wandering, and will kick this off. The clock to start.