MGM Resorts International
MGM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| c>b | LOCK|WT | LOCK|<$KnVHg |
MGM Earnings: Vegas Sales Growth Set for Improvement as Diller Takeout Offer Is Reviewed
MGM's second-quarter revenue increased 1%, led by 3% growth in Las Vegas. Adjusted EBITDA decreased 6%, weighed down by competition in Macao and digital investments in overseas markets. MGM is reviewing the $48.30 per share cash offer from Barry Diller's People, which was announced in June.
