|Bid||29.80 x 1000|
|Ask||29.97 x 1100|
|Day's Range||29.52 - 30.60|
|52 Week Range||5.90 - 34.64|
|Beta (5Y Monthly)||2.41|
|PE Ratio (TTM)||10.15|
|Earnings Date||Feb 10, 2021 - Feb 15, 2021|
|Forward Dividend & Yield||0.01 (0.03%)|
|Ex-Dividend Date||Dec 09, 2020|
|1y Target Est||22.04|
MGM Resorts International (MGM) continues to boost its liquidity to survive the coronavirus pandemic.
MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced that MGP has redeemed approximately 23.5 million of MGM Resorts' operating partnership units (the "Units") for $700 million, which represents the remaining amount under the agreement with MGP to purchase up to $1.4 billion of MGM Resorts' Units for cash.
The COVID-19 pandemic has hammered gambling revenue in Macau and Las Vegas, while U.S. mobile betting skyrockets.