{
}
Morgan Stanley has lowered its price target for MGM Resorts International from $41 to $37 while maintaining an Equalweight rating. MGM operates 19 casino hotels, primarily in the U.S., and holds stakes in CityCenter and BetMGM, with net sales driven mainly by casino operations (50%) and hotel services (21.7%). The company's revenue is predominantly generated in the U.S. (79.8%) and China (20.2%).
AMC Networks has revised its fiscal 2025 revenue estimate down to $2.31 billion, reflecting a 5% decline, while adjusted earnings per share were lowered to $2.04. Despite a 12% revenue drop in Q4, adjusted operating profit rose 29%, though below expectations. Analysts have responded by reducing price targets, with UBS setting it at $8 and TD Cowen at $6, citing ongoing challenges in the linear TV sector.
US prosecutors have charged 19-year-old Remington Ogletree for allegedly hacking into two telecommunications firms and a financial institution, resulting in $4 million in damages. He is linked to the Scattered Spider hacking group, known for attacks on major companies like MGM Resorts and Coinbase.
A public health commission has warned that the surge in online gambling poses significant risks to public health, with an estimated 72 million people globally experiencing gambling-related harms. The report calls for stronger regulations, including restrictions on access and advertising, to protect vulnerable individuals. It highlights the need for a shift in responsibility from gamblers to gambling businesses to minimize harm and improve public health outcomes.
The U.S. Department of Energy has announced the 2024 Clean Energy Education & Empowerment (C3E) Award winners, honoring nine women for their exceptional leadership in clean energy. The awards aim to close the gender gap in the sector, recognizing achievements across various fields, including business, education, and policy. A symposium celebrating the awardees is scheduled for November 13.
MGM Resorts International
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley lowers price target for MGM Resorts to 37 dollars
14:45 21.03.2025
AMC Networks lowers revenue outlook and price target amid mixed quarterly results
16:11 19.02.2025
Teen Hacker Charged for Telecom Breaches and $4 Million in Damages
United States Dollar
Coinbase Global, Inc.
MGM Resorts International
Riot Games Inc.
Caesars Entertainment, Inc.
USA
Remington Ogletree
Show more
23:04 04.12.2024
online gambling surge raises public health concerns and calls for regulation
United States Dollar
DraftKings Inc.
MGM Resorts International
FanDuel
Caesars Entertainment, Inc.
CAN
ESP
SWE
NOR
USA
BEL
NLD
DEU
Louisa Degenhardt
Heather Wardle
Alan Feldman
Show more
15:35 25.10.2024
nine women honored for leadership in clean energy initiatives
Toyota Financial Savings Bank
Bank of America Corporation
Siemens Energy AG
MGM Resorts International
BioRad Laboratories
USA
Johanna Mathieu
Linette Casey
Jennifer Clemons
Andi Kleissner
Amy Duffuor
Show more
05:40 25.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Supply Chain Management
Retail and Consumer Goods
Stock Market Updates
Industry Mergers & Acquisitions
Venture Capital Investments
Global Financial Events
Energy Sector Developments
Finance Mergers & Acquisitions
Cryptocurrency & Blockchain Regulations
Central Bank Actions
Inflation and Monetary Impact
Private Equity Deals
Emerging Startups
Funding Rounds & Investments
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Dell Technologies Inc.
Samsung Securities Co.,Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
XPeng Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Yatra Online, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Australian Dollar
United Arab Emirates Dirham
British Pound Sterling
New Taiwan Dollar
New Zealand Dollar
Vietnamese Đồng
South Korean Won
Egyptian Pound
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
People: