|Bid||40.90 x 800|
|Ask||41.07 x 1800|
|Day's Range||39.84 - 41.34|
|52 Week Range||11.77 - 42.74|
|Beta (5Y Monthly)||2.47|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2021|
|Forward Dividend & Yield||0.01 (0.02%)|
|Ex-Dividend Date||Mar 09, 2021|
|1y Target Est||39.12|
The online gambling business has gotten a lot of attention from investors over the past year as betting has opened up in new markets and companies like DraftKings (NASDAQ: DKNG), Rush Street Interactive (NYSE: RSI), and Golden Nugget Online Gaming (NASDAQ: GNOG) have come public. The biggest is DraftKings, whose market cap is almost $25 billion, bigger than the more established MGM Resorts' (NYSE: MGM) $21 billion cap. MGM Resorts is trying to buck that trend with some large and lucrative partnerships.
Companies with a presence in online gambling have taken the traditional gambling world by storm over the past year. Caesars Entertainment, MGM Resorts, Wynn Resorts and others with decades of operating history have been thrown by the wayside in favor of relatively new entrants that are still yet to become household names. DraftKings, Rush Street Interactive, Golden Nugget Online Gaming, and even Penn National have been the hottest online gambling stocks and now have valuations that rival some of their Las Vegas Strip peers.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MGM Resorts InternationalGlobal Credit Research - 07 Apr 2021New York, April 07, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MGM Resorts International and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 31 March 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.