MGM Resorts to Speak at J.P. Morgan Forum, Enhancing Visibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
0mins
Should l Buy MGM?
Source: PRnewswire
MGM Resorts International's stock rose by 5.00% as it crossed above the 5-day SMA, reflecting positive investor sentiment.
The company will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 12, 2026, where management is scheduled to speak. This event is expected to attract significant investor attention and enhance MGM's market visibility, thereby boosting investor confidence. The live webcast will allow global investors to access real-time updates, further increasing transparency.
This participation underscores MGM's commitment to maintaining a leadership position in the global entertainment industry and could lead to increased interest from investors, positively impacting its stock performance.
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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: 36.320
Low
29.00
Averages
40.31
High
56.00
Current: 36.320
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.
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- Market Participant Dynamics: While the NFL remains cautious about prediction markets, platforms like Kalshi and Polymarket have rapidly emerged in this burgeoning industry, attracting interest from traditional sports betting companies like FanDuel and DraftKings.
- Regulatory Call: NFL executives have stated that the current lack of effective regulation in sports prediction markets necessitates continued engagement with the CFTC to establish essential regulatory frameworks that protect game integrity.
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- Conference Call Details: The company will host a conference call at 5:00 p.m. Eastern Time on the same day, which will include a brief discussion of the financial results followed by a Q&A session, enhancing investor engagement and transparency.
- Replay Service: A replay of the conference call will be available until May 6, 2026, allowing investors who cannot participate live to access important information by dialing the specified numbers, ensuring comprehensive communication.
- Global Business Overview: MGM Resorts is a leading global gaming and entertainment company with 31 unique hotel and gaming destinations, actively pursuing expansion in Asia, particularly through an integrated resort development in Japan, demonstrating its commitment to international growth strategies.
See More
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- Conference Call Details: The company will host a conference call on the same day at 5:00 p.m. Eastern Time, which will include a brief discussion of the financial results followed by a Q&A session, enhancing investor engagement.
- Supplemental Materials Release: Prior to the call, MGM will post supplemental slides on its Investor Relations website, ensuring investors have a comprehensive understanding of the company's financial status and future outlook.
- Global Business Overview: MGM Resorts is a leading global entertainment company with 31 unique hotel and gaming destinations, committed to enhancing customer experiences through sustainability and innovation while actively pursuing integrated resort development in Japan.
See More
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See More
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- Increased Auto Loan Defaults: The study found that auto loan delinquencies rose by 5.6% post-legalization, further reflecting the potential threat to household financial health, particularly pronounced among younger borrowers who are more likely to engage in betting activities.
- Declining Credit Scores: In counties where sports betting is legal, overall delinquency rates increased by approximately 0.3 percentage points, while median credit scores slightly declined, indicating a broader adverse effect of gambling on household credit conditions.
- Heightened Risks for Active Bettors: The study estimates that delinquency rates among active bettors surged by around 10 percentage points, with younger borrowers facing even greater financial pressure, potentially leading to a higher likelihood of bankruptcy as a result of increased gambling access.
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- Strong Hotel Performance: Major resorts saw average nightly rates approaching four figures during the Super Bowl weekend, with record or near-record average daily rates (ADR) and revenue per available room (RevPAR), reflecting robust market demand.
- Gaming Revenue Growth: Nevada sportsbooks handled approximately $185.6 million in bets during the game, while high-end guests in Las Vegas significantly increased their spending on table games, nightlife, and dining, further boosting both gaming and non-gaming revenues.
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