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MGM Resorts is expected to publish its Q1 2024 results on May 1, reporting on a quarter that is likely to see the company benefit from a strong recovery in Macau and potential continued strength in its Las Vegas properties. We expect sales to come in at $4.25 billion, in line with consensus estimates and marking an increase of about 18% versus last year.
There's a proverb that states idle hands are the devil's workshop, which makes sin stocks so compelling. Humans engage in certain practices, whether that involves imbibing or gambling as a means to let off some steam.
This past September, cybercriminals broke into the computer systems at MGM Resorts and demanded a $30 million ransom, crippling operations inside its hotels: Slot machine screens displayed sad-face emojis, credit card purchases got processed by hand, guests found other people checked into their rooms. Chaos lasted for days, and while MGM didn't pay the ransom, it later acknowledged that the hac...
MGM Resorts International filed a lawsuit April 15 against the Federal Trade Commission and its top officer, Chairwoman Lina M. Khan, claiming the agency violated the company's Fifth Amendment right to due process while investigating a September cyberattack against the company.
MGM Resorts International (MGM) sued the Federal Trade Commission (FTC) and FTC Chair Lina Khan Monday over the regulator's investigation into a cyberattack that hit the casino operator in September.
LAS VEGAS , April 9, 2024 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) today announced that it has completed its previously announced issuance (the "Offering") of $750,000,000 in aggregate principal amount of 6.500% senior notes due 2032 (the "Notes"), which were issued at par. The Company intends to use the net proceeds from the offering of the notes to repay existing ...
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