MGM - MGM ＭＧＭリゾ―ト・インタナショナル （）

The Las Vegas company is poised to acquire LeoVegas for about $604 million to expand its international online gaming business.

The Las Vegas company is poised to acquire LeoVegas for about $604 million to expand its international online gaming business.

In the current trading session, MGM Resorts International’s (MGM) stock is trading at the price of $33.03, a gain of 0.21% over last night’s close. So, the stock is trading at a price that is -35.45% less than its 52-week high of $51.17 and 25.07% better than its 52-week low of $26.41. Based on the […]

MGM Resorts is going through a rapid recovery after casinos had to close during pandemic. Check out these two catalysts not priced in already in MGM stock.

An economic recession is looking increasingly likely and it’s time to look around for stocks to sell. A majority of economists (72%) polled by the National Association of Business Economics say they expect the U.S. to enter a recession by the middle of next year. By some measures, the U.S. is already in a recession , popularly defined as two consecutive quarters of negative economic growth. This is bad news for consumers and businesses. Consumers, who are already feeling the impact of inflation that is running at 8.5% and higher interest rates used to dampen it are likely to batten down the hatches should the economy turn negative and companies begin mass layoffs. There are already signs that consumers are beginning to roll over. According to the U.S. Commerce Department, consumer spending rose a tepid 0.1% in June after falling 0.3% in May. Should things worsen on the consumer front, it could spell bad news for the economy overall, and also for certain stocks that are reliant on robust consumer spending to keep their share prices elevated.

There was a largely muted response to Entain PLC (LSE:ENT) ’s quarterly update as shares marked time after the gambling group said trading was in line with expectations. The owner of PartyPoker hailed a return of punters to its Coral and Ladbrokes betting offices as it reported a 31% increase in net gaming revenue for the three months ended March 31 2022. This did, however, come with a little sting in the tail – an 8% decline in its online business. “We have delivered strong performances in all of our major markets, and I am pleased to report that retail is performing well with customers returning for our instore experience,” said Jette Nygaard-Andersen, chief executive. In the statement, Entain said iBetMGM, its North American sports betting joint-venture with the casino group MGM Resorts, is now the number-two operator. It is live in 23 markets, the latest being Ontario, and is on track to be EBITDA positive next year. The shares, up almost 12% in the last month, opened down 1% at £15.

China’s COVID-19 policies have hindered visitation, which affects properties controlled by Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International.

Through a partnership with New York-based YellowHeart, MGM Resorts International is jumping into the world of non-fungible-token ticketing, a first for Las Vegas.

Futures Reverse Overnight Losses As More Curves Invert, Yen Plummets To 7 Year Low After initially sliding lower, US equity futures reversed and erased earlier declines, climbing 0.2% along with Nasdaq futures as Stoxx Europe 600 extends gains to 1.1%, a move that found added inertia after Tesla, one of the world''s biggest companies, soared 6% after hinting it too would pursue a stock split weeks after Amazon did the same. Most Asian shares lost ground earlier, with Chinese stocks falling as a virus flareup led to a lockdown in financial hub Shanghai, and raised worries over fresh supply chain disruptions while even higher yields led to growing recession fears. Cryptocurrency-exposed stocks gains as Bitcoin turned positive for 2022; gold and oil retreated. The early weakness in risk was driven by today''s extension of last week''s yield surge which saw 10Y yields rise as high as 2.55% and 2Y yields surge as high as 2.41%, and which dented sentiment toward growth sectors with investors concerned about economic risks from inflation and tightening monetary policy.

If history is any guide, there may be trouble ahead for shares of MGM Resorts Intl (NYSE: MGM ). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses … Full story available on Benzinga.com

MGM''s (MGM) Q4 earnings and revenue exceeded analyst expectations. The room occupancy rate for the company''s Las Vegas properties also beat estimates.

Shares of gaming and lodging giant MGM Resorts International rallied in late trading after the firm said it swung to a profit in the fourth quarter.

MGM Resorts International in Las Vegas finished off 2021 with a splash as the company reported record cash flow and margins for the fourth quarter of 2021, with some numbers…

MGM Resorts International in Las Vegas finished off 2021 with a splash as the company reported record cash flow and margins for the fourth quarter of 2021, with some numbers exceeding those seen before the COVID-19 pandemic hit.

MGM Resorts International (MGM) reported revenue growth of 105% in Q4 with a full quarter of operating results from Aria and Vdara being included in the tally