MGM.MX - MGM Resorts International

Mexico - Mexico Delayed Price. Currency in MXN
588.00
-20.00 (-3.29%)
At close: 1:17PM CST
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Previous Close608.00
Open598.00
Bid586.00 x 900000
Ask639.50 x 900000
Day's Range588.00 - 598.00
52 Week Range468.75 - 635.00
Volume1,681
Avg. Volume2,856
Market Cap299.719B
Beta (5Y Monthly)N/A
PE Ratio (TTM)196,000.00
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • PR Newswire

    For the 9th Consecutive Year, Human Rights Campaign Names MGM Resorts International One of the "Best Places to Work for LGBTQ Equality"

    MGM Resorts International (NYSE: MGM) is proud to announce that it received a perfect score of 100 on the 2020 Corporate Equality Index (CEI), the nation's premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. MGM Resorts joins the ranks of more than 680 major U.S. businesses that also earned top marks this year.

  • PR Newswire

    MGM Resorts Named An Official Gaming Partner Of The Las Vegas Raiders & Founding Partner Of Allegiant Stadium

    MGM Resorts International (NYSE: MGM) and the Las Vegas Raiders today announced a new partnership, making MGM Resorts An Official Gaming Partner of the Raiders. MGM Resorts also has been named a Founding Partner of Allegiant Stadium and An Official Home of the Raiders Pre- and Post-Game Party.

  • PR Newswire

    MGM Resorts International Named a FORTUNE "World's Most Admired Company"

    MGM Resorts International has been named among FORTUNE's 2020 list of the World's Most Admired Companies, available online at www.FORTUNE.com.

  • Why MGM Resorts Has Growth Potential
    GuruFocus.com

    Why MGM Resorts Has Growth Potential

    The company’s profitability could improve as it implements a new strategy Continue reading...

  • GuruFocus.com

    Global Markets Turn Red Tuesday

    Halliburton falls on fourth-quarter results Continue reading...

  • Barrons.com

    Travel and Gaming Stocks Are Down Because the Coronavirus Is Disrupting Travel Plans

    The annual Lunar New Year holiday is this week, but many travelers might be reconsidering their plans.

  • MGM replaces president at Springfield casino
    American City Business Journals

    MGM replaces president at Springfield casino

    MGM Springfield has a new president. The Western Massachusetts casino recorded a record low in revenues last year.

  • MarketWatch

    Las Vegas Sands, Wynn Resorts stocks drop as fears of coronavirus spread

    Increasing worries over the outbreak of the deadly coronavirus from China have knocked down the shares of casino operators on Tuesday, which generate significant amounts of revenue from their Macau opertions. Shares of Las Vegas Sands Corp. sank 6.1% in premarket trading, as about 62% of total revenue over the last 12 months was from Macau, according to FactSet. Wynn Resorts Ltd.'s stock tumbled 6.3%, as its Macau operations generated about 75% of its revenue, according to FactSet. The selloffs come as the futures for the S&P 500 fell 0.3%. Shares of MGM Resorts International, which had about 21% of revenue from Macau, according to FactSet, declined 2.2%. Six people have died from the coronavirus, and 291 have been infected, according to an Associated Press report.

  • Pamunkey tribe to develop casino in Richmond. What's the impact for MGM?
    American City Business Journals

    Pamunkey tribe to develop casino in Richmond. What's the impact for MGM?

    The Pamunkey Indian Tribe announced Friday plans to develop a $350 million resort and casino in Richmond, Virginia, a facility that could chip away at MGM National Harbor's dominance in the greater region. The tribe has purchased, or has under contract, four parcels in Manchester, on the Richmond's southside, totaling 49 acres. The Pamunkey's Richmond casino is in addition to one it plans in Norfolk.

  • PR Newswire

    MGM Resorts International Sponsors the Dr. Martin Luther King, Jr. Annual Parade in Downtown Las Vegas

    On Monday, Jan. 20, the Las Vegas community will come together to participate in the 38th annual Dr. Martin Luther King, Jr. Parade. MGM Resorts International (NYSE: MGM) will be the presenting sponsor of the parade for the 10th consecutive year.

  • PR Newswire

    MGM Resorts International Announces Fourth Quarter And Full Year 2019 Earnings Release Date

    MGM Resorts International (NYSE: MGM) will release its financial results for the fourth quarter and full year 2019 after the market closes on Wednesday, February 12, 2020. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com.

  • MGM Springfield's gambling revenue hits record low in December
    American City Business Journals

    MGM Springfield's gambling revenue hits record low in December

    MGM Springfield reported gross gambling revenue of just $18.9 million for December — the lowest full-month revenue figure in the casino’s 16-month history. MGM Springfield reported gross gaming revenue of $21.6 million a year ago in December 2018. The new numbers come amid fears that MGM Springfield is losing out in an over saturated gaming market and to neighboring New York and New Hampshire that have legalized sports betting.

  • PR Newswire

    BetMGM And National Lacrosse League Announce First-Ever U.S. Gaming Partnership In Lacrosse

    The National Lacrosse League (NLL) today announced a landmark partnership with Roar Digital – a joint venture between global gaming industry leaders MGM Resorts International and GVC Holdings – making Roar's sports betting brand, BetMGM, the official and exclusive gaming partner of the NLL. It is the first-ever gaming partnership for the sport of lacrosse in the United States.

  • PR Newswire

    National Lacrosse League And BetMGM Announce First-Ever U.S. Gaming Partnership In Lacrosse

    The National Lacrosse League (NLL) today announced a landmark partnership with Roar Digital – a joint venture between global gaming industry leaders MGM Resorts International and GVC Holdings – making Roar's sports betting brand, BetMGM, the official and exclusive gaming partner of the NLL. It is the first-ever gaming partnership for the sport of lacrosse in the United States.

  • MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties
    Skift

    MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties

    A new joint venture between MGM Growth Properties LLC and private equity giant Blackstone Real Estate Income Trust, Inc. has agreed to buy the MGM Grand and Mandalay Bay casino and resort properties in Las Vegas for $4.6 billion. MGM Resorts will continue to manage and operate the two properties on a day-to-day basis through […]

  • MarketWatch

    MGM Resorts to sell MGM Grand Las Vegas for $2.5 billion

    MGM Resorts International announced Monday an agreement to sell the MGM Grand Las Vegas real estate assets in a deal valued at $2.5 billion, to a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust. As part of the deal, MGM Resorts expects to receive net proceeds of $2.4 billion, and about $85 million worth of MGM Growth Properties operating partnership units. The MGM Grand sale follows previous deals to sell Bellagio and Circus Circus Las Vegas deals, which combined will provide MGM Resorts net cash proceeds of $8.2 billion. MGM Resorts' stock, which rose 0.9% in premarket trading, has hiked up 19.3% over the past three months, while the S&P 500 has gained 10.9%.

  • PR Newswire

    MGM Resorts Announces Agreement To Monetize Real Estate Of MGM Grand Las Vegas

    MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) today announced that it has entered into a definitive agreement pursuant to which a newly formed joint venture between MGM Growth Properties LLC ("MGP") and Blackstone Real Estate Income Trust ("BREIT") (the "Joint Venture") will acquire the MGM Grand Las Vegas real estate assets in a transaction valued at approximately $2.5 billion, which represents a multiple of 15.75x rent. In connection with the transaction, MGM Resorts expects to receive net cash proceeds of approximately $2.4 billion and approximately $85 million in MGP operating partnership units. MGP has also entered into an agreement with MGM Resorts to deliver cash for up to $1.4 billion of MGM Resorts' existing operating partnership units. MGM Resorts can elect to redeem units for up to 24 months post-closing, and anticipates doing so within the early part of that window. Combined with the previously announced Bellagio and Circus Circus Las Vegas transactions, and assuming the redemption of $1.4 billion in operating partnership units, these transactions are expected to provide total net cash proceeds to MGM Resorts of $8.2 billion. The transactions, as part of our broader asset-light strategy, will uniquely position MGM Resorts as a leader within the global gaming, hospitality and entertainment sector as a significant return of capital story, while also enabling it to achieve a fortress balance sheet.

  • Now Open: Bellagio's Mayfair Supper Club Celebrates America's Appetite For The Spectacular
    PR Newswire

    Now Open: Bellagio's Mayfair Supper Club Celebrates America's Appetite For The Spectacular

    Boundary-breaking musical performances, towering seafood displays and the world's finest cuts of meat greet guests dining fountain-side at The Mayfair Supper Club, which opened at Bellagio Resort & Casino on New Year's Eve.

  • Bloomberg

    How Food Will Change in 2020

    (Bloomberg) -- Like most corners of America, the food world saw unexpected drama in 2019. Fried chicken sandwiches caused chaos, and the meatlessness of plant-based Whoppers became a lawsuit. Cult grocer Wegmans opened in New York to the delight of “Wegmaniacs” everywhere, while Taco Bell took over a resort in Palm Springs for a more immersive experience than a cheesy gordita crunch.What’ll be big in 2020? In some ways, it’s hard to think of a decade beginning without considering the end of this one, a decade that radically changed how we looked at food—literally. Instagram made its debut in the fall of 2010; today, an estimated 95 million posts are uploaded every 24 hours, and food and drink are among users’ biggest interests.Fast-casual chains also came to dominate. In 2010, Shake Shack had just one location outside New York City; by the end of the decade, it was a publicly traded company with 250 locations around the world and is valued at almost $4 billion. As bowls became the serving dish of choice, Sweetgreen grew to a valuation of $1.6 billion.Two of the decade’s most powerful ingredients were green. Kale became the de facto base of salads—there were 335 million pounds of it on the market in 2017, compared with 145 million pounds in 2012. And avocados topped toasts across the country: In 2017, Square reported that Americans spent almost $900,000 per month on avocado toast, up from $17,400 in 2014.If kale—which is now being supplanted by brussels sprouts as the go-to vegetable on menus—seems like ancient history, consider these foods and trends the ones that will begin to define the new decade. Wagyu 2.0Given the popularity of Wagyu’s premium cuts such as ribeye and loin, it was a matter of time before less prime (and pricey) cuts from the same elite animals came into fashion. Think of it as the most luxurious version of nose-to-tail eating. At Cote in Miami’s Design District, opening in the second half of 2020, owner Simon Kim will offer wagyu knuckle braised in dashi soy sauce. He’ll serve other off-cuts, such as sirloin butt, as well. Jean-Georges Steakhouse at Aria Resort in Las Vegas already offers smoked wagyu brisket, carved tableside. For home cooks, Snake River Farms calls its American wagyu brisket the “secret weapon for competitive barbecue”—a 16-pound cut can go for $170. (By comparison, Snake River Farm’s wagyu gold grade New York filet runs $53 for only 6 oz.)Revenge of the ChickpeasSome ingredients owe their popularity to one dish. (Exhibit A: kale salad.) Chickpeas, on the other hand, dominate on multiple platforms. Hummus, which has become the dip of choice at parties, is set to grow from a $742 million business in 2019 to an $877 million one by 2024. Chickpeas are also the key ingredient in hit snacks like the nutrient-rich, low-carb Biena Chickpea Puffs: The airy, crunchy bites come in flavors like ranch and aged white cheddar. Banza chickpea pasta has become the fastest-growing pasta brand in the country, and in November it got $20 million in growth funding from Danny Meyer’s Enlightened Hospitality. Even associated waste product has gotten attention: Aquafaba, the liquid from canned chickpeas, is becoming increasingly popular as a vegan alternative in frothy cocktails and airy desserts.MSG Goes MainstreamMaggi seasoning—recognizable by its red logo and canary yellow label—has a worldwide fan base for its herb-packed flavor. Best known for its bouillon cube form, it’s also sold in bottles, and is often described as soy sauce meets Worcestershire. Chefs in America are now claiming it enough to namecheck it. At La Ventura in Manhattan, Maggi marinated olives arrive in a pool of intense sauce that has flavors of soy and the herb lovage. At Schilling in New York’s Financial District, chef Edi Frauneder uses it to spike beef reductions. Even the much-maligned MSG is coming out of time out. Chef Kevin Tien uses it for his fried chicken sandwich spot Hot Lola’s in Arlington, Va. “I like it because it tenderizes and acts as a salt,” he says. “It’s perfect for a brine.” Momofuku founder Dave Chang, another unapologetic MSG fan, has a new line of seasoned salts in such options as “tingly” and “spicy.” It adds the kind of flavor enhancement that you get from MSG, but with ingredients that are naturally high in glutamic acid, like tamari, kelp, and mushroom powder. Central European Cuisine Heats UpIt was just a matter of time before Central Europe became an inspiration for chefs—after all, it’s a cuisine that features fermented food and smoked meats. In New York, Stephen Starr’s new Veronika restaurant will highlight Hungarian and Viennese food, two areas that haven’t seen major play in the city for decades. But he’s on to something: In San Francisco, the just-opened Dear Inga pays tribute to the foods of former Eastern bloc countries with smoked sausages and stuffed cabbage alongside local beer. In Chicago, Maddon’s Post, from former Chicago Cubs manager Joe Maddon, highlights Polish cuisine. West African Ingredients ProliferateFollowing the popularity of superfood moringa, several African ingredients are lining up to be next on the hot list. The high-fiber, rice-like grain fonio has been called the “next quinoa,” but also look for protein-rich egusi seeds, which are used to thicken soups. At his Harlem restaurant Teranga, Senegalese chef Pierre Thiam adds dawadawa, a fermented locust bean that enriches many soups and stews in West Africa, to stewed kale. In 2020, when his food company Yolélé Foods releases a line of pilafs, it will be key to the one he calls Afro-funk.“Fusion” Reborn as AutobiographyWhat used to be dismissed as “fusion” cooking is now the strongest trend in the restaurant world because it allows chefs to tell their own stories, which might range from hanging out in food courts as a teenager to family fishing trips. It’s the hallmark of such chefs as Kwame Onwuachi at Kith/Kin in Washington, D.C., who uses the menu to highlight his heritage from Nigeria to New Orleans to New York. Helene An, the chef behind Los Angeles’ elite seafood spot Crustacean, offers a $225, 12-course menu at her new Da Lat Rose, which, dish by dish, tells her story of coming to the U.S. from Vietnam as a refugee in the 1970s.Disco Rules AgainIn the vein of reuse and recycle, the next generation of restaurateurs is celebrating a quintessential but unfairly maligned American soundtrack: disco. Sunset, the downstairs lounge at the just-opened Edition West Hollywood, is in full disco mode, with glittering balls hanging from the ceiling. The recently opened JJ’s Hideaway in Brooklyn specializes in disco music—light-up dance floor included. In Miami, Minnie’s Disco has become a popular pop-up at restaurant Alter. Across the border in Toronto, the no-waste Trash Tiki Collective co-founder Kelsey Ramage has opened Supernova Ballroom, which has disco as the soundtrack and coasters bearing record covers from the time period. Even eco-friendly glitter decorates its Twice on Sunday gin cocktail.To contact the author of this story: Kate Krader in New York at kkrader@bloomberg.netTo contact the editor responsible for this story: James Gaddy at jgaddy@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 2019 Review: Top Hedge Fund Stocks vs. MGM Resorts International (MGM)
    Insider Monkey

    2019 Review: Top Hedge Fund Stocks vs. MGM Resorts International (MGM)

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • PR Newswire

    MGM Resorts International Announces Closing of Circus Circus Sale

    MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) today announced that it has closed on its sale of Circus Circus Las Vegas and the 37 adjacent acres for $825 million, subject to final purchase price adjustments, to an affiliate of Treasure Island owner Phil Ruffin. The sale is part of the Company's commitment to its asset-light strategy designed to focus on MGM Resorts' core business and maximize value for its shareholders.

  • May the flop be with you: MGM National Harbor to host 2 big poker tournaments in 2020
    American City Business Journals

    May the flop be with you: MGM National Harbor to host 2 big poker tournaments in 2020

    MGM is bringing two big poker tournaments to its National Harbor casino in 2020. MGM Resorts International (NYSE: MGM) announced Tuesday its first-ever East Coast Poker Tour, which will feature events at MGM Springfield in Massachusetts, the Borgata Hotel Casino & Spa in Atlantic City, New Jersey, and MGM National Harbor. “Our East Coast Poker Tour is a great way for us to showcase three of our industry-leading properties while creating an exciting tournament series for our guests and poker enthusiasts," MGM Resorts Senior Vice President Jorge Perez said in a statement.

  • PR Newswire

    MGM Resorts International Hits Royal Flush With East Coast Poker Tour

    MGM Resorts International today announced details of its first-ever MGM Resorts East Coast Poker Tour (ECPT), featuring events at MGM National Harbor, MGM Springfield and Borgata Hotel Casino & Spa in Atlantic City. The co-branded tournament series will take place throughout 2020; kicking off on February 5-17 with MGM National Harbor's Potomac Winter Poker Open and culminating November 15-20 with Borgata's Fall Poker Open $2 Million Guaranteed Championship.

  • Former Encore Boston Harbor president tapped to oversee NY casinos
    American City Business Journals

    Former Encore Boston Harbor president tapped to oversee NY casinos

    Malaysian gaming behemoth Genting has hired Bob DeSalvio — who oversaw the opening of Wynn Resorts’ $2.6 billion Encore Boston Harbor casino — to run the company’s New York operations.