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0.00052798310454055 0.000263991552270275 0.000791974656811012 0.00105596620908129 0.00237592397043285 0.00372492080253436 -0.0018479408658923 0.00145195353748679
Stock impact report

Viva Las Vegas! MGM's U.S. Events Draw a Buy Rating. China Gives Hope to Casinos. [MarketWatch]

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: MarketWatch
Truist's Barry Jonas upgraded his rating on the casino stock (ticker: MGM) to Buy from Hold after nearly two years. He believes the number and quality of events planned for Las Vegas in the quarters ahead should drive the stock's relative outperformance. Jonas pointed to several scheduled conferences that can bring in high-profile customers, who spend more per day than leisure visitors. The stock gained more than 3% in premarket trading after Jonas's note. News of cities including Shanghai and Hangzhou easing Covid-19 testing requirements propped up casino stocks overall . MGM owns 56% of MGM China (2282.HK). Jonas pointed to about 10 events that could bolster income—including the construction trade show CONEXPO-CON/AGG planned for mid-March, which is expected to bring in 129,000 guests. Its held every three years and should generate solid revenue per available room at MGM's mid-lower-tier properties next year, he said. CES the highly notable annual tech conference was greatly Show less Read more
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