CONEXPO-CON/AGG Trade Show Boosts MGM and Caesars
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: seekingalpha
- Large Scale Event: The CONEXPO-CON/AGG, North America's largest construction trade show, features around 2,000 exhibitors and 2.9 million square feet of exhibits, which is expected to significantly boost hotel and dining demand for MGM and Caesars, driving revenue growth.
- Significant Economic Impact: Convention visitors spend approximately 30% more than typical tourists, providing crucial revenue support for MGM and Caesars in a softer demand environment, particularly in gaming and entertainment sectors.
- Clear Strategic Positioning: MGM Resorts has focused its Las Vegas strategy on leading the group and meetings segment, and this trade show will further solidify its market leadership and enhance overall performance.
- Stabilizing Revenue Trends: For Caesars Entertainment, which has faced revenue declines, strong convention weeks will serve as important catalysts to stabilize and potentially re-accelerate revenue growth, helping to navigate the challenges posed by a tourism slowdown.
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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: 35.640
Low
29.00
Averages
40.31
High
56.00
Current: 35.640
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.
MGM Resorts to Participate in J.P. Morgan Forum
- Forum Participation: MGM Resorts will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 12, 2026, with management scheduled to speak at 2:00 p.m. ET, which is expected to attract investor and industry attention, enhancing the company's market visibility.
- Live Webcast: The session will be available via a live webcast on the MGM Investor Relations website, allowing global investors to access real-time updates on the company, thereby increasing transparency and boosting investor confidence.
- Global Business Overview: MGM Resorts operates 31 unique hotel and gaming destinations worldwide, committed to providing top-tier hotels, casinos, and entertainment experiences, showcasing its leadership position in the global entertainment industry.
- Sustainability Commitment: The company is dedicated to creating a sustainable future through its Focused on What Matters philosophy, striving to make a positive impact on employees, guests, and the communities where it operates, further solidifying its reputation as a respected enterprise.
See More
MGM Resorts to Participate in J.P. Morgan Forum
- Forum Participation: MGM Resorts will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 12, 2026, with management scheduled to speak at 2:00 p.m., which is expected to attract investor attention and enhance the company's visibility.
- Live Webcast: The session will be available via live webcast on MGM's Investor Relations website, allowing global investors to access real-time updates on the company, thereby enhancing transparency and investor confidence.
- Global Business Overview: MGM Resorts operates 31 unique hotel and gaming destinations worldwide, committed to providing best-in-class hotels, casinos, and entertainment experiences, showcasing its leadership in the global entertainment industry.
- Sustainability Commitment: The company is focused on creating a more sustainable future through its
See More
Canadians Intensify Boycott of American Goods Amid Trade Tensions
- Emerging Boycott: Since early 2025, Canadian resident Lisa Mcbean has prioritized buying local products and canceled multiple trips to the U.S. due to President Trump's tariffs and sovereignty threats, reflecting a strong resistance among Canadians towards American goods.
- Significant Economic Impact: Data from the Bank of Canada indicates a notable decline in Canadians' willingness to purchase U.S. products, with over 60% of respondents avoiding U.S.-made alcohol and produce, suggesting potential long-term implications for economic relations between the two countries.
- Tourism Sector Struggles: Canadian air travel to the U.S. has dropped nearly 18%, while return trips from the U.S. have decreased by 27%, leading to declining sales for U.S. retailers reliant on Canadian tourists, highlighting the vulnerability of the tourism industry.
- Brand Identity Shift: At Great American Backrub locations in Toronto, the owner is considering removing American branding, reflecting a shift in Canadian consumer attitudes towards U.S. brands, indicating that strained economic relations may lead to a rebranding effort.
See More
Canadians Boycott U.S. Goods Amid Tariff Tensions
- Escalating Boycott: Since early 2025, Canadians have expressed anger towards U.S. President Trump's tariff policies and sovereignty claims, leading to a growing number of consumers opting not to purchase American goods, indicating a new social and economic order is forming.
- Changing Consumer Behavior: According to a Leger survey, over 60% of Canadians reported avoiding U.S.-made alcohol and produce, with more than half trying not to buy from U.S. retailers or websites, a trend expected to persist over the next six months.
- Tourism Impact: Canadian air travel to the U.S. has dropped nearly 18%, while car crossings fell 27% year-over-year, significantly impacting U.S. retailers that rely on Canadian tourists, particularly in Maine and North Dakota.
- Tense Economic Relations: The trade relationship between Canada and the U.S. is under strain, with economists warning that the percentage of Canadian imports from the U.S. has hit record lows, potentially affecting Canada's inflation and GDP in the long term.
See More
CONEXPO-CON/AGG Trade Show Boosts MGM and Caesars
- Large Scale Event: The CONEXPO-CON/AGG, North America's largest construction trade show, features around 2,000 exhibitors and 2.9 million square feet of exhibits, which is expected to significantly boost hotel and dining demand for MGM and Caesars, driving revenue growth.
- Significant Economic Impact: Convention visitors spend approximately 30% more than typical tourists, providing crucial revenue support for MGM and Caesars in a softer demand environment, particularly in gaming and entertainment sectors.
- Clear Strategic Positioning: MGM Resorts has focused its Las Vegas strategy on leading the group and meetings segment, and this trade show will further solidify its market leadership and enhance overall performance.
- Stabilizing Revenue Trends: For Caesars Entertainment, which has faced revenue declines, strong convention weeks will serve as important catalysts to stabilize and potentially re-accelerate revenue growth, helping to navigate the challenges posed by a tourism slowdown.
See More
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- Legislative Proposal: Senators Jeff Merkley and Amy Klobuchar have introduced a bill that would prohibit the President, Vice President, and members of Congress from participating in prediction market trading, aiming to prevent financial gains from insider information, which could significantly impact the legitimacy of prediction markets.
- Enhanced Market Regulation: The proposed legislation will restrict prediction market activities for senior executive officials and impose fines starting at $10,000 for violators, reflecting lawmakers' growing concern over prediction markets, especially following the recent Iran conflict.
- Insider Trading Concerns: Merkley highlighted that activities in prediction markets could lead to corruption and conflicts of interest, particularly after an anonymous user profited over $400,000 by predicting the U.S. invasion of Venezuela, underscoring the need for market transparency and integrity.
- Political Response: Although the bill is unlikely to pass in the Republican-controlled Congress, it may lay the groundwork for future regulation of prediction markets, indicating increasing apprehension among Democrats regarding market behaviors and potentially prompting broader policy discussions.
See More
MGM Resorts to Participate in J.P. Morgan Forum
- Forum Participation: MGM Resorts will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 12, 2026, with management scheduled to speak at 2:00 p.m. ET, which is expected to attract investor and industry attention, enhancing the company's market visibility.
- Live Webcast: The session will be available via a live webcast on the MGM Investor Relations website, allowing global investors to access real-time updates on the company, thereby increasing transparency and boosting investor confidence.
- Global Business Overview: MGM Resorts operates 31 unique hotel and gaming destinations worldwide, committed to providing top-tier hotels, casinos, and entertainment experiences, showcasing its leadership position in the global entertainment industry.
- Sustainability Commitment: The company is dedicated to creating a sustainable future through its Focused on What Matters philosophy, striving to make a positive impact on employees, guests, and the communities where it operates, further solidifying its reputation as a respected enterprise.
See More
MGM Resorts to Participate in J.P. Morgan Forum
- Forum Participation: MGM Resorts will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 12, 2026, with management scheduled to speak at 2:00 p.m., which is expected to attract investor attention and enhance the company's visibility.
- Live Webcast: The session will be available via live webcast on MGM's Investor Relations website, allowing global investors to access real-time updates on the company, thereby enhancing transparency and investor confidence.
- Global Business Overview: MGM Resorts operates 31 unique hotel and gaming destinations worldwide, committed to providing best-in-class hotels, casinos, and entertainment experiences, showcasing its leadership in the global entertainment industry.
- Sustainability Commitment: The company is focused on creating a more sustainable future through its
See More
Canadians Intensify Boycott of American Goods Amid Trade Tensions
- Emerging Boycott: Since early 2025, Canadian resident Lisa Mcbean has prioritized buying local products and canceled multiple trips to the U.S. due to President Trump's tariffs and sovereignty threats, reflecting a strong resistance among Canadians towards American goods.
- Significant Economic Impact: Data from the Bank of Canada indicates a notable decline in Canadians' willingness to purchase U.S. products, with over 60% of respondents avoiding U.S.-made alcohol and produce, suggesting potential long-term implications for economic relations between the two countries.
- Tourism Sector Struggles: Canadian air travel to the U.S. has dropped nearly 18%, while return trips from the U.S. have decreased by 27%, leading to declining sales for U.S. retailers reliant on Canadian tourists, highlighting the vulnerability of the tourism industry.
- Brand Identity Shift: At Great American Backrub locations in Toronto, the owner is considering removing American branding, reflecting a shift in Canadian consumer attitudes towards U.S. brands, indicating that strained economic relations may lead to a rebranding effort.
See More
Canadians Boycott U.S. Goods Amid Tariff Tensions
- Escalating Boycott: Since early 2025, Canadians have expressed anger towards U.S. President Trump's tariff policies and sovereignty claims, leading to a growing number of consumers opting not to purchase American goods, indicating a new social and economic order is forming.
- Changing Consumer Behavior: According to a Leger survey, over 60% of Canadians reported avoiding U.S.-made alcohol and produce, with more than half trying not to buy from U.S. retailers or websites, a trend expected to persist over the next six months.
- Tourism Impact: Canadian air travel to the U.S. has dropped nearly 18%, while car crossings fell 27% year-over-year, significantly impacting U.S. retailers that rely on Canadian tourists, particularly in Maine and North Dakota.
- Tense Economic Relations: The trade relationship between Canada and the U.S. is under strain, with economists warning that the percentage of Canadian imports from the U.S. has hit record lows, potentially affecting Canada's inflation and GDP in the long term.
See More
CONEXPO-CON/AGG Trade Show Boosts MGM and Caesars
- Large Scale Event: The CONEXPO-CON/AGG, North America's largest construction trade show, features around 2,000 exhibitors and 2.9 million square feet of exhibits, which is expected to significantly boost hotel and dining demand for MGM and Caesars, driving revenue growth.
- Significant Economic Impact: Convention visitors spend approximately 30% more than typical tourists, providing crucial revenue support for MGM and Caesars in a softer demand environment, particularly in gaming and entertainment sectors.
- Clear Strategic Positioning: MGM Resorts has focused its Las Vegas strategy on leading the group and meetings segment, and this trade show will further solidify its market leadership and enhance overall performance.
- Stabilizing Revenue Trends: For Caesars Entertainment, which has faced revenue declines, strong convention weeks will serve as important catalysts to stabilize and potentially re-accelerate revenue growth, helping to navigate the challenges posed by a tourism slowdown.
See More
U.S. Senators Propose Ban on Prediction Market Trading for Officials
- Legislative Proposal: Senators Jeff Merkley and Amy Klobuchar have introduced a bill that would prohibit the President, Vice President, and members of Congress from participating in prediction market trading, aiming to prevent financial gains from insider information, which could significantly impact the legitimacy of prediction markets.
- Enhanced Market Regulation: The proposed legislation will restrict prediction market activities for senior executive officials and impose fines starting at $10,000 for violators, reflecting lawmakers' growing concern over prediction markets, especially following the recent Iran conflict.
- Insider Trading Concerns: Merkley highlighted that activities in prediction markets could lead to corruption and conflicts of interest, particularly after an anonymous user profited over $400,000 by predicting the U.S. invasion of Venezuela, underscoring the need for market transparency and integrity.
- Political Response: Although the bill is unlikely to pass in the Republican-controlled Congress, it may lay the groundwork for future regulation of prediction markets, indicating increasing apprehension among Democrats regarding market behaviors and potentially prompting broader policy discussions.
See More
