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home / news releases / mgm record q1 consolidated revenue shares undervalue

MGM - MGM: Record Q1 Consolidated Revenue Shares Undervalued

MGM Resorts International

2024-05-07 15:01:10 ET

Summary

  • Record traveler volume is good news for the Casinos and Gaming industry.
  • MGM Resorts International is undervalued with stabilizing earnings and healthy free cash flow.
  • The company's Q1 report showed strong revenues and profits, with plans for expansion into online sports betting and international markets which could provide a boost in the out year.
  • I outline key price levels to watch on the chart.

Data from the TSA shows continued record traveler volume. Individuals and families are venturing around the country and abroad, all while business events seem to be booming. That is good news for firms in the Casinos and Gaming industry. What's more, as more individuals place bets electronically, there’s a broad tailwind for firms operating online sports and iGaming. ...

For further details see:

MGM: Record Q1 Consolidated Revenue, Shares Undervalued
Stock Information
Company Name: MGM Resorts International
Stock Symbol: MGM
Market: NYSE
Website: mgmresorts.com
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