MGM Resorts PT receives Investment Bank Analyst Rating Update
By Radhika Anilkumar (Reuters) - U.S. sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after the MGM Resorts (NYSE:MGM) and Entain joint...
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Key Points MGM has been profitable during the post-pandemic reopening, as LVS, and WYNN are still bleeding BetMGM will be in the black in 2023 Macau will be open to China tour...
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts across the United States and in Macau. The Company segments include Las Vegas Strip Resorts, Regional Operations and MGM China. Las Vegas Strip Resorts segment consists of Aria, Bellagio, MGM Grand Las Vegas (including The Signature), Mandalay Bay (including Delano and Four Seasons), The Mirage, Luxor, New York-New York (including The Park), Excalibur and Park MGM (including NoMad Las Vegas). Regional Operations segment consists of MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and MGM Northfield Park in Northfield Park, Ohio. MGM China consists of MGM Macau and MGM Cotai.
|Average||50.90 (+23.42% Upside)|
|No. of Analysts||15|