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Stock impact report

MGM Resorts Faces Dining Shifts And Valuation Questions After Las Vegas Closures [Yahoo! Finance]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Yahoo! Finance
FGB Big Top LLC, the food court operator at Circus Circus, has filed for bankruptcy, affecting dining operations at the MGM Resorts International (NYSE:MGM) property. MGM Grand Buffet is scheduled for permanent closure, removing a long running buffet option from the MGM Grand on the Las Vegas Strip. These changes come as Las Vegas resorts continue to adjust their mix of gaming and non gaming offerings to reflect how visitors now spend on food, entertainment, and experiences. MGM Resorts International, through properties such as Circus Circus and MGM Grand, relies on a mix of casino, hotel, food and beverage, and entertainment revenue. The bankruptcy of a key food court operator and the end of a high profile buffet service highlight that traditional mass dining formats are under pressure as visitor habits evolve. For investors tracking NYSE:MGM, these developments raise questions about how the company shapes its non gaming footprint on the Strip. Attention is now on what conce Show less Read more
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