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MGM Resorts (MGM) is a global entertainment and hospitality company incorporated on 29 January 1986. It has a broad portfolio of destination resorts with first-class accommodations and dining, entertainment, retail, and gaming experiences. MGM Resorts owns a number of resort brands in Las Vegas such as Bellagio, Mandalay Bay, MGM Grand, New York-New York, Monte Carlo, The Mirage and more. Also, the company holds interests in resorts in Las Vegas, Mississippi, Michigan, New Jersey and Macau. MGM Resorts is currently developing two destination resorts in Maryland and Massachusetts. With over 68,000 employees, the company is listed on the New York Stock Exchange (NYSE).
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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