BetMGM Unveils Legendary Basketball Court Experience
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19 hours ago
0mins
Should l Buy MGM?
Source: PRnewswire
- 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.
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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
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.
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- 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.
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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 investment realizations in F12.net and Acera Insurance, showcasing the company's effective investment management.
- Significant Investment Returns: Clairvest and Clairvest Equity Partners VI sold their interest in F12.net for CAD 164 million, achieving a 4.6x return on invested capital, which further solidifies their market position in the technology services sector.
- New Business Acquisition: Clairvest and Clairvest Equity Partners VII entered into an agreement to acquire MGM Northfield Park for USD 546 million, with an expected equity investment of approximately USD 165 million, reflecting the company's proactive strategy in business expansion.
- Share Buyback Program: During the third quarter, Clairvest repurchased and canceled 60,500 common shares at a total cost of CAD 4.3 million, enhancing the book value per share by CAD 0.09, indicating a strong commitment to shareholder returns.
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- AGNC Yield Attraction: AGNC boasts an eye-catching forward yield of 12.8%, and while its projected EPS of $1.51 covers the $1.44 dividend, its declining earnings indicate a potential high-yield trap, suggesting caution for investors.
- Cost of Financing Pressure: AGNC generates cash by selling mortgage-backed securities (MBS), but with short-term rates exceeding long-term rates, its financing costs have risen, limiting profitability; if the real estate market remains sluggish, dividend cuts may be on the horizon.
- Vici's Stability: In contrast, Vici Properties, as an equity REIT, owns 93 entertainment properties and has maintained a 100% occupancy rate since its 2018 IPO, with projected adjusted funds from operations expected to grow 4%-5% by 2025, showcasing strong profitability and stable dividend payments.
- Leasing Model Advantage: Vici's leases are tied to the Consumer Price Index, allowing for rent increases in line with inflation, and its triple-net lease structure requires tenants to cover maintenance and taxes, further enhancing financial stability and dividend growth potential.
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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
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
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 investment realizations in F12.net and Acera Insurance, showcasing the company's effective investment management.
- Significant Investment Returns: Clairvest and Clairvest Equity Partners VI sold their interest in F12.net for CAD 164 million, achieving a 4.6x return on invested capital, which further solidifies their market position in the technology services sector.
- New Business Acquisition: Clairvest and Clairvest Equity Partners VII entered into an agreement to acquire MGM Northfield Park for USD 546 million, with an expected equity investment of approximately USD 165 million, reflecting the company's proactive strategy in business expansion.
- Share Buyback Program: During the third quarter, Clairvest repurchased and canceled 60,500 common shares at a total cost of CAD 4.3 million, enhancing the book value per share by CAD 0.09, indicating a strong commitment to shareholder returns.
See More
Comparison of AGNC and Vici REIT Yields
- AGNC Yield Attraction: AGNC boasts an eye-catching forward yield of 12.8%, and while its projected EPS of $1.51 covers the $1.44 dividend, its declining earnings indicate a potential high-yield trap, suggesting caution for investors.
- Cost of Financing Pressure: AGNC generates cash by selling mortgage-backed securities (MBS), but with short-term rates exceeding long-term rates, its financing costs have risen, limiting profitability; if the real estate market remains sluggish, dividend cuts may be on the horizon.
- Vici's Stability: In contrast, Vici Properties, as an equity REIT, owns 93 entertainment properties and has maintained a 100% occupancy rate since its 2018 IPO, with projected adjusted funds from operations expected to grow 4%-5% by 2025, showcasing strong profitability and stable dividend payments.
- Leasing Model Advantage: Vici's leases are tied to the Consumer Price Index, allowing for rent increases in line with inflation, and its triple-net lease structure requires tenants to cover maintenance and taxes, further enhancing financial stability and dividend growth potential.
See More
