BetMGM Launches Unique Basketball Experience Event
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 hours ago
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Should l Buy MGM?
Source: Newsfilter
MGM Resorts International's stock rose 6.74% as it crossed above the 5-day SMA, reflecting positive market conditions.
BetMGM is set to unveil 'The Court of Legends' from April 4-6 at Bellagio in Las Vegas, a speakeasy-style basketball experience designed to attract basketball fans and social media influencers, enhancing brand visibility. The event will culminate in a skills showdown featuring the Cavinder twins on April 5, streamed live on X, YouTube, and the BetMGM app, which is expected to draw a large audience and further amplify BetMGM's market influence. Additionally, players can enter the 'Court of Legends Leaderboard' for a chance to win a VIP trip package, likely boosting user engagement and brand loyalty.
This unique event is part of BetMGM's strategy to enhance its brand presence and engage customers, which could lead to increased revenue and market share in the competitive online gaming industry.
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Analyst Views on MGM
Wall Street analysts forecast MGM stock price to rise
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 34.270
Low
29.00
Averages
40.31
High
56.00
Current: 34.270
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international locations featuring hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and a range of restaurant, nightlife and retail offerings. The Company’s segments include Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment consists of Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. The Regional Operations segment consists of MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica; 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 others. MGM Digital is its online gaming portfolio which is primarily comprised of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BetMGM Launches Unique Basketball Experience Event
- Unique Basketball Experience: BetMGM is set to unveil 'The Court of Legends' from April 4-6 at Bellagio in Las Vegas, a speakeasy-style basketball experience designed to attract basketball fans and social media influencers, enhancing brand visibility.
- Star Showdown: The event will culminate in a skills showdown featuring the Cavinder twins on April 5, streamed live on X, YouTube, and the BetMGM app, which is expected to draw a large audience and further amplify BetMGM's market influence.
- VIP Giveaway Promotion: From now until March 15, players can enter the 'Court of Legends Leaderboard' for a chance to win a VIP trip package including four event tickets and a three-night stay at MGM Grand, likely boosting user engagement and brand loyalty.
- Market Expansion Strategy: Currently operating in 30 markets, BetMGM continues to expand into new territories and introduce new features while emphasizing responsible gambling, aiming to enhance user experience and solidify its leadership in the online gaming industry.
See More
Inaugural Drink Las Vegas Festival Set for September 2026
- Grand Beverage Festival: The inaugural Drink Las Vegas is set to take place from September 24 to 27, 2026, across four luxury resorts in Las Vegas, expected to attract numerous beverage and culinary enthusiasts, thereby boosting local tourism and the dining sector's recovery and growth.
- Industry Leaders Unite: The event will bring together renowned mixologists, chefs, and industry experts, featuring over 50 dynamic events designed to enhance awareness of beverage culture through educational and tasting experiences, further driving innovation in the industry.
- Market Demand Response: In collaboration with a21 and PRP, MGM Resorts is launching this festival to cater to the high-end beverage market's demand, emphasizing the perfect synergy between drinks and dishes, which is anticipated to attract more consumers and enhance brand influence.
- Future Development Potential: This festival not only celebrates beverage culture but also provides a platform for participating brands to showcase their offerings, helping them stand out in a competitive market and further solidifying Las Vegas's status as a premier global dining destination.
See More
Inaugural Drink Las Vegas Festival Set to Launch
- Festival Launch: The inaugural Drink Las Vegas festival will take place from September 24 to 27, 2026, at four luxury resorts, expected to attract beverage and culinary enthusiasts, thereby boosting local tourism and the dining industry.
- Diverse Programming: The festival will feature over 50 dynamic events, including educational sessions, tasting experiences, and brand showcases, aimed at enhancing awareness of beverage culture and providing unique food and drink pairing experiences for attendees.
- Industry Leaders Involved: The event will bring together renowned mixologists, chefs, and industry experts to foster beverage innovation and cultural exchange, further solidifying Las Vegas's position as a global hub for beverage culture.
- Market Demand Focus: The collaboration between MGM Resorts, a21, and PRP highlights a commitment to the premium beverage market, expected to drive brand exposure and sales growth while offering consumers a higher quality beverage experience.
See More
BetMGM Unveils Legendary Basketball Court Experience
- Unique Basketball Experience: BetMGM will unveil the first speakeasy-style basketball court, 'The Court of Legends,' at the Bellagio in Las Vegas from April 4-6, aiming to enhance brand influence and attract more customer engagement.
- Star Showdown: The event will culminate in a skills showdown featuring the Cavinder twins, streamed live on X, YouTube, and the BetMGM app, which is expected to draw a large audience and increase brand visibility.
- VIP Giveaway Promotion: Players participating in the 'Court of Legends Leaderboard' can win a VIP trip package including four event tickets and a three-night stay at MGM Grand, likely boosting user engagement and brand loyalty.
- Market Expansion Strategy: Operating in 30 markets, BetMGM continues to expand into new territories and introduce new features while emphasizing responsible gambling, aiming to enhance user experience and strengthen market competitiveness.
See More
MGM Resorts (MGM) Q4 2025 Earnings Call Transcript
See More
Clairvest Group Reports Q3 2026 Financial Results
- Net Income Growth: For the third quarter ended December 31, 2025, Clairvest Group reported net income of CAD 105.1 million, or CAD 7.65 per share, primarily driven by successful realizations from F12.net and Acera Insurance, showcasing the company's effective investment management.
- Significant Investment Returns: Clairvest and CEP VI sold their interest in F12.net, achieving a 4.6x return on invested capital with proceeds of CAD 164 million, compared to an investment value of CAD 23.2 million, reflecting strong performance in the technology services sector.
- New Acquisition Opportunities: Clairvest entered into an agreement with CEP VII to acquire MGM Northfield Park for USD 546 million, with an expected equity investment of approximately USD 165 million, further expanding its footprint in the regional gaming market and enhancing future revenue potential.
- Share Buyback: During the third quarter, Clairvest repurchased and cancelled 60,500 common shares at a total cost of CAD 4.3 million, increasing the book value per share by CAD 0.09, demonstrating the company's commitment to shareholder returns and proactive capital management.
See More
BetMGM Launches Unique Basketball Experience Event
- Unique Basketball Experience: BetMGM is set to unveil 'The Court of Legends' from April 4-6 at Bellagio in Las Vegas, a speakeasy-style basketball experience designed to attract basketball fans and social media influencers, enhancing brand visibility.
- Star Showdown: The event will culminate in a skills showdown featuring the Cavinder twins on April 5, streamed live on X, YouTube, and the BetMGM app, which is expected to draw a large audience and further amplify BetMGM's market influence.
- VIP Giveaway Promotion: From now until March 15, players can enter the 'Court of Legends Leaderboard' for a chance to win a VIP trip package including four event tickets and a three-night stay at MGM Grand, likely boosting user engagement and brand loyalty.
- Market Expansion Strategy: Currently operating in 30 markets, BetMGM continues to expand into new territories and introduce new features while emphasizing responsible gambling, aiming to enhance user experience and solidify its leadership in the online gaming industry.
See More
Inaugural Drink Las Vegas Festival Set for September 2026
- Grand Beverage Festival: The inaugural Drink Las Vegas is set to take place from September 24 to 27, 2026, across four luxury resorts in Las Vegas, expected to attract numerous beverage and culinary enthusiasts, thereby boosting local tourism and the dining sector's recovery and growth.
- Industry Leaders Unite: The event will bring together renowned mixologists, chefs, and industry experts, featuring over 50 dynamic events designed to enhance awareness of beverage culture through educational and tasting experiences, further driving innovation in the industry.
- Market Demand Response: In collaboration with a21 and PRP, MGM Resorts is launching this festival to cater to the high-end beverage market's demand, emphasizing the perfect synergy between drinks and dishes, which is anticipated to attract more consumers and enhance brand influence.
- Future Development Potential: This festival not only celebrates beverage culture but also provides a platform for participating brands to showcase their offerings, helping them stand out in a competitive market and further solidifying Las Vegas's status as a premier global dining destination.
See More
Inaugural Drink Las Vegas Festival Set to Launch
- Festival Launch: The inaugural Drink Las Vegas festival will take place from September 24 to 27, 2026, at four luxury resorts, expected to attract beverage and culinary enthusiasts, thereby boosting local tourism and the dining industry.
- Diverse Programming: The festival will feature over 50 dynamic events, including educational sessions, tasting experiences, and brand showcases, aimed at enhancing awareness of beverage culture and providing unique food and drink pairing experiences for attendees.
- Industry Leaders Involved: The event will bring together renowned mixologists, chefs, and industry experts to foster beverage innovation and cultural exchange, further solidifying Las Vegas's position as a global hub for beverage culture.
- Market Demand Focus: The collaboration between MGM Resorts, a21, and PRP highlights a commitment to the premium beverage market, expected to drive brand exposure and sales growth while offering consumers a higher quality beverage experience.
See More
BetMGM Unveils Legendary Basketball Court Experience
- Unique Basketball Experience: BetMGM will unveil the first speakeasy-style basketball court, 'The Court of Legends,' at the Bellagio in Las Vegas from April 4-6, aiming to enhance brand influence and attract more customer engagement.
- Star Showdown: The event will culminate in a skills showdown featuring the Cavinder twins, streamed live on X, YouTube, and the BetMGM app, which is expected to draw a large audience and increase brand visibility.
- VIP Giveaway Promotion: Players participating in the 'Court of Legends Leaderboard' can win a VIP trip package including four event tickets and a three-night stay at MGM Grand, likely boosting user engagement and brand loyalty.
- Market Expansion Strategy: Operating in 30 markets, BetMGM continues to expand into new territories and introduce new features while emphasizing responsible gambling, aiming to enhance user experience and strengthen market competitiveness.
See More
MGM Resorts (MGM) Q4 2025 Earnings Call Transcript
See More
Clairvest Group Reports Q3 2026 Financial Results
- Net Income Growth: For the third quarter ended December 31, 2025, Clairvest Group reported net income of CAD 105.1 million, or CAD 7.65 per share, primarily driven by successful realizations from F12.net and Acera Insurance, showcasing the company's effective investment management.
- Significant Investment Returns: Clairvest and CEP VI sold their interest in F12.net, achieving a 4.6x return on invested capital with proceeds of CAD 164 million, compared to an investment value of CAD 23.2 million, reflecting strong performance in the technology services sector.
- New Acquisition Opportunities: Clairvest entered into an agreement with CEP VII to acquire MGM Northfield Park for USD 546 million, with an expected equity investment of approximately USD 165 million, further expanding its footprint in the regional gaming market and enhancing future revenue potential.
- Share Buyback: During the third quarter, Clairvest repurchased and cancelled 60,500 common shares at a total cost of CAD 4.3 million, increasing the book value per share by CAD 0.09, demonstrating the company's commitment to shareholder returns and proactive capital management.
See More
