Is MGM Resorts International (NYSE:MGM) The Most Undervalued Travel Stocks to Buy According to Hedge Funds? [Yahoo! Finance Canada]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance Canada
at where MGM Resorts International (NYSE:MGM) stands against the other undervalued travel stocks. The travel industry has rapidly evolved, with the leading businesses witnessing healthy growth and strong profit margins. The shift in source markets and destinations, increased demand for experiential and luxury travel, together with innovative business strategies continue to dramatically alter the industry landscape. Much of the travel demand is close to home. As per McKinsey, globally, domestic travel should grow ~3% annually, touching 19 billion lodging nights per year by 2030. This is particularly true for the US, the world's largest travel market. Around 68% of trips initiated in the US are to destinations within the country. Despite inflation and record costs weighing over Americans' travel budgets, most of them will continue to travel. Most American consumers rank travel, domestic and international, as their “highest-priority” areas when it comes to discretionary spending. R
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MGM
News
- MGM's BetMGM Expands Reach With USA TODAY Sports Partnership [Yahoo! Finance]Yahoo! Finance
- FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil [CNBC]CNBC
- MGM Resorts Signs Agreement to Increase Renewable Energy UsePR Newswire
- Why Las Vegas might be the hottest family destination in America right now [CNN]CNN
- Atlantic City's top-performing Borgata casino was short on its online gambling taxes by $1.1 million, regulators say [Fortune]Fortune
MGM
Earnings
- 7/31/24 - Beat
MGM
Sec Filings
- 9/17/24 - Form 8-K
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- MGM's page on the SEC website