MGM is facing financial pressure due to market slump and capex, leading to analyst downgrades by Citizens. The company is simultaneously planning property renovations at Aria and pursuing a BetMGM venture with Entain.

1 report, 0 independent Updated Jun 26

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SpeculativeNo independent reporting found

Who's involved

What this event is mainly about

Las Vegas MGM

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Part of

MGM Resorts International reported mixed revenue results in Las Vegas, showing growth from investments but declines from remodels. All 1 developments

Within Q2 revenue declines were reported for major Las Vegas resorts, including MGM Resorts International and Caesars Entertainment.

The entities involved

Las Vegas
seat of Clark County, and largest city in state of Nevada, United States
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MGM
company in the Czech Republic
- MGM is exploring a potential bid to acquire the company People Inc.Fri 18:10
- People Inc. is evaluating a minority investment in Turo and seeking to acquire the remaining stake in MGM. The company is also shifting its digital strategy away from Google Search.Fri 09:20

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Coverage

Newest first; wire copies grouped

Jun 26Unknown outlet