MGM's Views for Growth in Las Vegas Catch Investor, Analyst Attention -- Market Talk

Dow Jones

Feb 14, 2025

1135 ET - MGM Resorts International's outlook on growth for its Las Vegas Strip Resorts unit this year is catching investors' and analysts' attention as shares of the hotel and casino operator reach their largest percent increase since November 2020. The company is targeting growth in Vegas despite the tough Super Bowl comparatives of the first quarter of 2024, UBS and Truist Securities analysts say in separate research notes. MGM says it identified $200M of incremental Ebitda opportunities: 35% of those from revenue initiatives and 65% from cost reduction initiatives, with $150M to be achieved in 2025. Overall, the company is the best performer in the S&P 500 today, according to FactSet. Shares rise 14%, to $39.16. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 13, 2025 11:35 ET (16:35 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2511527193"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2511527193\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2511527193?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-14 00:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2511527193","market":"sh","top_or_hot":-1,"title":"MGM's Views for Growth in Las Vegas Catch Investor, Analyst Attention -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  1135 ET - MGM Resorts International's outlook on growth for its Las Vegas Strip Resorts unit this year is catching investors' and analysts' attention as shares of the hotel and casino operator reach their largest percent increase since November 2020. The company is targeting growth in Vegas despite the tough Super Bowl comparatives of the first quarter of 2024, UBS and Truist Securities analysts say in separate research notes. MGM says it identified $200M of incremental Ebitda opportunities: 35% of those from revenue initiatives and 65% from cost reduction initiatives, with $150M to be achieved in 2025. Overall, the company is the best performer in the S&amp;P 500 today, according to FactSet. Shares rise 14%, to $39.16. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2025 11:35 ET (16:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MGM's Views for Growth in Las Vegas Catch Investor, Analyst Attention -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMGM's Views for Growth in Las Vegas Catch Investor, Analyst Attention -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-14 00:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  1135 ET - MGM Resorts International's outlook on growth for its Las Vegas Strip Resorts unit this year is catching investors' and analysts' attention as shares of the hotel and casino operator reach their largest percent increase since November 2020. The company is targeting growth in Vegas despite the tough Super Bowl comparatives of the first quarter of 2024, UBS and Truist Securities analysts say in separate research notes. MGM says it identified $200M of incremental Ebitda opportunities: 35% of those from revenue initiatives and 65% from cost reduction initiatives, with $150M to be achieved in 2025. Overall, the company is the best performer in the S&amp;P 500 today, according to FactSet. Shares rise 14%, to $39.16. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2025 11:35 ET (16:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511527193","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511527193","pubTimestamp":1739464500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1135 ET - MGM Resorts International's outlook on growth for its Las Vegas Strip Resorts unit this year is catching investors' and analysts' attention as shares of the hotel and casino operator reach their largest percent increase since November 2020. The company is targeting growth in Vegas despite the tough Super Bowl comparatives of the first quarter of 2024, UBS and Truist Securities analysts say in separate research notes. MGM says it identified $200M of incremental Ebitda opportunities: 35% of those from revenue initiatives and 65% from cost reduction initiatives, with $150M to be achieved in 2025. Overall, the company is the best performer in the S&P 500 today, according to FactSet. Shares rise 14%, to $39.16. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4588":"碎股","MGM":"美高梅","BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","BK4150":"赌场与赌博"},"translate_title":"米高梅对拉斯维加斯增长的看法引起了投资者和分析师的关注——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGM":1},"content_text":"1135 ET - MGM Resorts International's outlook on growth for its Las Vegas Strip Resorts unit this year is catching investors' and analysts' attention as shares of the hotel and casino operator reach their largest percent increase since November 2020. The company is targeting growth in Vegas despite the tough Super Bowl comparatives of the first quarter of 2024, UBS and Truist Securities analysts say in separate research notes. MGM says it identified $200M of incremental Ebitda opportunities: 35% of those from revenue initiatives and 65% from cost reduction initiatives, with $150M to be achieved in 2025. Overall, the company is the best performer in the S&P 500 today, according to FactSet. Shares rise 14%, to $39.16. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 13, 2025 11:35 ET (16:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}