Inaugural Drink Las Vegas Festival Set to Launch

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 1 hour ago

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MGM+8.46%

Should l Buy MGM?

Source: Newsfilter

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.

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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

Morgan Stanley

Underweight

maintain

$33 -> $34

2026-02-11

Reason

Morgan Stanley

Price Target

$33 -> $34

AI Analysis

2026-02-11

maintain

Underweight

Reason

Morgan Stanley raised the firm's price target on MGM Resorts to $34 from $33 and keeps an Underweight rating on the shares. MGM printed a Q4 beat on better Las Vegas and Macau results, but this was largely driven by hold, the analyst tells investors in an earnings recap note.

Citi

James Hardiman

Neutral

maintain

$35 -> $41

2026-02-09

Reason

Citi

James Hardiman

Price Target

$35 -> $41

2026-02-09

maintain

Neutral

Reason

Citi analyst James Hardiman raised the firm's price target on MGM Resorts to $41 from $35 and keeps a Neutral rating on the shares.

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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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Inaugural Drink Las Vegas Festival Set for September 2026

1 hour agoPRnewswire

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.