|Bid||27.66 x 4000|
|Ask||27.99 x 1100|
|Day's Range||27.42 - 28.06|
|52 Week Range||21.62 - 31.68|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||82.70|
|Forward Dividend & Yield||0.52 (1.87%)|
|1y Target Est||N/A|
Blackstone Real Estate Income Trust (“BREIT”), and MGM Resorts International (“MGM Resorts”) (MGM) announced today that BREIT and MGM Resorts will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction. As part of the transaction, MGM Resorts will lease the property from the joint venture and continue to manage, operate and be responsible for all aspects of the property on a day-to-day basis.
LAS VEGAS, Oct. 15, 2019 /PRNewswire/ -- MGM Resorts International (the "Company" or "MGM Resorts") (MGM) today announced that it has entered into a definitive agreement to form a joint venture with Blackstone Real Estate Income Trust ("BREIT") that values the real estate of Bellagio at $4.25 billion, which represents a purchase price multiple of 17.3x rent. In this landmark transaction for the gaming and entertainment industry, the joint venture will acquire the Bellagio real estate and lease it back to a subsidiary of MGM Resorts for initial annual rent of $245 million.
LAS VEGAS, Oct. 15, 2019 /PRNewswire/ -- MGM Resorts International (the "Company" or "MGM Resorts") (MGM) today announced that it has entered into a definitive agreement to sell Circus Circus Las Vegas for $825 million to an affiliate of Treasure Island owner Phil Ruffin. For the 12 months ending June 30, 2019, the property reported Adjusted Property EBITDA of $62 million.
IRVINE, Calif., Oct. 14, 2019 /PRNewswire/ -- For the seventh year in a row, Taco Bell is giving fans across the country another reason to get excited for the World Series: free tacos. "When it comes to the World Series, rooting for that first stolen base and rejoicing for free tacos has really become the game within the game.
LAS VEGAS , Oct. 8, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the third quarter 2019 after the market closes on Wednesday, October 30, 2019 . MGM ...
'Comedian of the Year' Returns to Borgata Event Center for Historic Number of Shows in June 2020 Tickets On Sale Today ATLANTIC CITY, N.J. , Oct. 8, 2019 /PRNewswire/ -- Borgata Hotel Casino & Spa , an ...
LAS VEGAS, Oct. 7, 2019 /PRNewswire/ -- MGM Resorts International (MGM) will return for the 13th consecutive year as a sponsor of the 22nd Annual PRIDE Parade to be held on Friday, October 11 in downtown Las Vegas. The celebration – which is the largest annual LGBT event in Las Vegas – is hosted by The Southern Nevada Association of PRIDE, Inc. (SNAPI). MGM Resorts International has been a sponsor of the annual PRIDE parade since 2003.
LAS VEGAS, Oct. 4, 2019 /PRNewswire/ -- The National Organization on Disability (NOD) recently announced that MGM Resorts International is among 59 organizations that have been named a 2019 NOD Leading Disability Employer™. Now in its fourth year, the NOD Leading Disability Employer Seal recognizes companies that demonstrate exemplary employment practices for people with disabilities. This annual recognition is designed to applaud those organizations that are leading the way in disability hiring and encourage additional companies to tap into the many benefits of hiring talent with disabilities, including strong consumer preference for companies that employ individuals with disabilities and greater employee engagement across the workforce.
LAS VEGAS, Oct. 3, 2019 /PRNewswire/ -- MGM Resorts International (MGM) ("MGM Resorts" or the "Company") and counsel representing substantially all plaintiffs in litigation involving the October 1, 2017 shooting (the "Plaintiffs' Counsel") announced today that they have reached a settlement agreement (the "Settlement Agreement") to resolve pending lawsuits involving MGM Resorts regarding these matters. The Settlement Agreement represents the resolution of the Company's and the Plaintiffs' Counsel's previously disclosed mediation efforts.
LAS VEGAS, Sept. 16, 2019 /PRNewswire/ -- MGM Resorts International (MGM) ("MGM Resorts" or the "Company") was informed that Tracinda Corp., the holding company of MGM Resorts' late founder Kirk Kerkorian, fulfilled instructions from Kerkorian's will to "execute an orderly disposition" of MGM stock. Kerkorian passed away in June 2015. "This is the end of an era and illustrates what made Mr. Kerkorian one of the most visionary, selfless and compassionate leaders of his time," said MGM Resorts Chairman & CEO Jim Murren.
GameSense milestone coincides with Responsible Gaming Education Week LAS VEGAS , Sept. 12, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today announced that GameSense, an innovative responsible ...
JERSEY CITY, N.J., Sept. 6, 2019 /PRNewswire/ -- Roar Digital, LLC – the 50/50 joint venture created by MGM Resorts International (MGM) and GVC Holdings (GVC.L) – today launched the BetMGM online gaming app in the state of New Jersey. BetMGM is a new customer experience as well as a rebranding of the online gaming app, PlayMGM, introduced by MGM in 2017. The product incorporates the new GVC Sportsbook platform, giving customers a seamless betting and gaming experience, and will be the core mobile platform utilized for future state rollouts.
LAS VEGAS, Sept. 4, 2019 /PRNewswire/ -- Las Vegas is now home to the country's most extensive collection of tequila and mezcal including agave-based spirits that cannot be found anywhere else in the world.
Atlantic City's market-leading resort to introduce new Lobby Bar, VIP check-in, and redesigned Fiore Suites ATLANTIC CITY, N.J. , Sept. 4, 2019 /PRNewswire/ -- Borgata Hotel Casino & Spa , an MGM Resorts ...
"We know that for many, the Village property will forever be linked to the tragic loss of life that took place there on October 1st. As the second anniversary nears, we remain committed to being part of the community effort to continue healing and moving forward. In this spirit, MGM Resorts plans to build a community and athletic center on the north end of the property, which will be home to sporting events and community gatherings.
Beginning September 9, nonprofits to submit applications online at www.mgmresortsfoundation.org LAS VEGAS , Sept. 3, 2019 /PRNewswire/ -- Beginning September 9 , The MGM Resorts Foundation will accept ...
LAS VEGAS, Aug. 29, 2019 /PRNewswire/ -- MGM Resorts has joined Lady Gaga's Born This Way Foundation for its second annual 21 Days to Be Kind Challenge to encourage young people, families, and teachers to build habits that foster kindness and promote the strength and wellness of their communities. "At MGM, volunteering in the communities which we live and work is in our DNA," said Tony Gladney, Vice President of Community Engagement at MGM Resorts International. "Caring for one another is what we do, so joining one of our resident performers in her quest of 21 Days to Be Kind is natural for us.
LAS VEGAS , Aug. 22, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today released the following statement from Jim Murren , Chairman and ...
LAS VEGAS, Aug. 12, 2019 /PRNewswire/ -- MGM Resorts International was honored recently with the National Council on Problem Gambling's (NCPG) Public Awareness Award at the organization's 33rd National Conference in Denver. The award highlights an organization that demonstrates an outstanding commitment to social responsibility related to problem gambling. It was presented in recognition of the company's innovative use of a responsible gambling program: GameSense -- specifically MGM's Responsible Gaming Education Week campaign for 2018.
LAS VEGAS , July 25, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2019. ...
LAS VEGAS , July 18, 2019 /PRNewswire/ -- Four phenomenal women considered trailblazers in their respective professions will take center stage in August for the 13 th Annual Women's Leadership Conference: ...
LAS VEGAS , July 8, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the second quarter 2019 after the market closes on Thursday, July 25, 2019 . MGM Resorts ...
LAS VEGAS, June 27, 2019 /PRNewswire/ -- MGM Resorts has been named an honoree of The Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service. The award recognizes MGM Resorts as one of the 50 most community-minded companies in the United States, according to a national standard for superior corporate citizenship that showcases how companies can use their time, skills and resources for positive impact on their communities. The Civic 50 honorees were announced at the Points of Light Conference in St. Paul, Minnesota where corporate citizenship leaders from across the country gathered to discuss social innovation, civic engagement and cross-sector collaboration.
LAS VEGAS , June 20, 2019 /PRNewswire/ -- The MGM Resorts Foundation is pleased to announce this year's astonishing array of industry pioneers on the Executive Panel at the 13 th Annual Women's Leadership ...
LAS VEGAS , June 7, 2019 /PRNewswire/ -- The MGM Resorts Foundation is pleased to announce the following guest speakers at this year's 13 th Annual Women's Leadership Conference (WLC): Dr. Mary Kelly ...