Billionaire Mario Gabelli says MGM Resorts 'very attractive,' investors should 'put a bet on it' [CNBC]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: CNBC
Billionaire Mario Gabelli says MGM Resorts 'very attractive,' investors should 'put a bet on it' Adam Jeffery | CNBC Mario Gabelli, founder, chairman, and CEO of Gabelli Asset Management Company Investors. Billionaire value investor Mario Gabelli said on Wednesday's CNBC "Halftime Report" that MGM Resorts International The longtime investor is bullish on MGM because he expects its growing online gambling business to offset the slowing growth in Macau. Shares of MGM erased earlier loss on Wednesday after his comments, trading at $27.85. "They are positioning themselves for gambling online and they cut a deal with GBC, which is the English betting company, so they've got the backbones of that. You have the question mark over Macau, but that's become less important," Gabelli said. Macau, the world's largest gaming market, has been experiencing slower growth, and the trade tension between the U.S. and have only added to the uncertainty. MGM stock lost a whopping 27 percent in 2018 on it
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MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website